All Forum Posts by: Jared Knudson
Jared Knudson has started 3 posts and replied 5 times.
Post: Looking to invest in 3rd out of state Rental Property
- Posts 5
- Votes 11
Quote from @Bradley Buxton:
Have you looked at Nevada? 4th lowest property taxes, no state income tax, landlord friendly, close to Utah, tech and manufacturing job growth. Great appreciation market.
Do you have any recommendations for the top zip codes in Nevada to invest in SF propies below the median with potential for cash flow?
Post: Looking to invest in 3rd out of state Rental Property
- Posts 5
- Votes 11
Quote from @Chris Rich:
Quote from @Jared Knudson:
I reside in Utah. I am considering investing in or near Orlando, Florida, in a Single Family Property, below the median in a high demand area where there are lots of people moving to. I have less than a decade worth of Real Estate Investing experience. I have multiple properties under Lease Contracts at this time, and am looking to grow my portfolio in the top markets in the United States. Looking to build a solid and reliable team to help me out. Any suggestions for locations are much appreciated. Thanks in advance!
Hey Jared, I live in Orlando and work for a LTR PM company that services all of Central Florida. I agree with Shawn, while expensive in some areas, it is not saturated for LTRs in Central Florida given the migration data. Ocala and Palm Bay are two areas that are a little saturated because many investors have been buying in those areas, but generally speaking I would say the bigger issue is finding properties that cash flow without a large down payment.
If you ever need assistance with rental analysis for properties or good areas to look into for rentals, feel free to shoot me a DM, I'd be happy to assist.
What are your thoughts on Kissimee and Davenport?
My main concerns about Florida include: Chinese Drywall (very toxic; found in older homes); HOA Restrictions; Lots of people/crowds; sinkholes (properties sinking into the ground); Red tide (dead fish found on beaches due to algae bloom); Homeowners Insurance costs (w/older roofs); Mold; Hurricanes/Flooding , New construction (not always built to quality)... these are the most common issues found in the Florida market.
What zip codes would you recommend for a single family investment property under 300k to mitigate these concerns?
Post: Sunrise Pines House, Houston, TX
- Posts 5
- Votes 11
Investment Info:
Single-family residence buy & hold investment in Houston, TX.
Purchase price: $245,000
Cash invested: $75,000
Single Family Rental Property in Sunrise Pines Suburb of Houston, TX (77044)
What made you interested in investing in this type of deal?
Demand for Housing in Area due to job opportunities
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
30 year fixed rate Mortgage
How did you add value to the deal?
Interior and Exterior Upgrades; Modern Appliances, Tiling, paint, etc...
What was the outcome?
Long term Rental, Principal Paydown, Cash flow and Appreciation
Lessons learned? Challenges?
Don't self manage. Hire a Property Management Company. Trust the process.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Realtor: Rebecca Ramirez
Post: Looking to invest in 3rd out of state Rental Property
- Posts 5
- Votes 11
I reside in Utah. I am considering investing in or near Orlando, Florida, in a Single Family Property, below the median in a high demand area where there are lots of people moving to. I have less than a decade worth of Real Estate Investing experience. I have multiple properties under Lease Contracts at this time, and am looking to grow my portfolio in the top markets in the United States. Looking to build a solid and reliable team to help me out. Any suggestions for locations are much appreciated. Thanks in advance!
Post: The Lake Life House in Anchorage, AK
- Posts 5
- Votes 11
Investment Info:
Townhouse buy & hold investment.
Purchase price: $245,000
Cash invested: $55,000
Investment Property near Jewell Lake, in Anchorage AK, (99502). Currently under Lease w/ Purchase Option Agreement until 07/01/2026
What made you interested in investing in this type of deal?
Cash flow and Appreciation
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
30 Year Fixed Rate Mortgage
How did you add value to the deal?
New paint, appliances, furnishings and modern upgrades.
What was the outcome?
Great cash flow and appreciation.
Lessons learned? Challenges?
Lots of time and attention to detail was necessary.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Realtor: Becky McBain