All Forum Posts by: Jeffrey Donis

Great point- to be honest the list was not in order by significance it was just what came to mind lol but I see what you mean. Thanks for the input! 

100%- thanks for the post! 

You have gotten great advice on the forum- make sure to check with your CPA or a CPA as well!

I have seen a lot of different posts regarding what to look for in a new market. These are some of the things we take into consideration before we expand into a new MSA- 

• 1. Population over 200,000
• 2. Long-term population growth of at least 50% of the national average (preferably more)
• 3. Diverse economy
• 4. Labor participation rate at or above national average
• 5. High relative cap rates
• 6. Pro-business, pro-landlord climate
• 7. Limited risk from climate change
• 8. Close enough to home for you to oversee easily (one-day round-trip preferred)
• 9. “Anchor” is a bonus – not necessary, but great to have. Avoid bad anchors.

Am I missing anything major? Open to any input!

Thanks

Jeffrey Donis

Very interesting- makes sense for Raleigh NC although it seemed to me like there were more hot spots here (I live in durham NC 15 out from Raleigh). 

 A great way to find active brokers in your area is to go to loopnet and see which brokers have recently listed properties and which ones are the most active in your area- reach out to these!

Batchskiptracing or needtoskip

 Gotcha- yeah it really depends on the person you are talking to I guess. As most things in RE, it is a numbers game so I would just reach out to more people eventually you will find someone interested in what you have to offer. 

Sounds like they either are not open to it or think you are a wholesaler, did you get far in the conversation?

Hey Derek!

You've gotten great advice so far- and it is awesome to see that you are taking action. Factors such as the market you are in, rental rates in the area, specific factors regarding the subject properties, etc. should all influence your decision. The most important thing to me when I make a decision on what to purchase is whether or not it is bringing me closer to my end goal. If sitting on the money for now to find a MF property that will help you build and scale at the rate you want makes sense for you, then you should do that. However if you are looking for a SFH in that area and that property checks all of the boxes, then go for that. My decision is always based off of my "why" and end goal which is to scale my portfolio at the fastest rate possible while making smart investment decisions.