All Forum Posts by: John Mathew

Hello! Here are a few key factors to consider when choosing a market:

1. Economic conditions: Look for markets with a strong economy and job market, as these are typically indicators of a healthy real estate market.
2. Population growth: Markets with a growing population tend to have more demand for housing, which can translate into higher property values and rental income.
3. Affordability: Consider the cost of living in the market, including housing prices and rental rates. Markets with relatively affordable housing may offer more opportunities for investment.
4. Rental demand: Markets with a high demand for rental properties can be attractive to investors, as they may be able to generate steady rental income.
5. Foreclosure activity: Markets with a high number of foreclosures may offer opportunities to buy properties at a discount, but they may also be riskier due to the potential for lower property values.
6. Transportation: Markets with good transportation networks, such as access to public transit or major highways, may be more attractive to renters and buyers.
7. Amenities: Markets with a wide range of amenities, such as shopping, dining, and entertainment options, may be more attractive to renters and buyers.

Ultimately, the best market for you will depend on your investment goals, risk tolerance, and financial situation. It's important to do your research and carefully evaluate the potential risks and rewards of different markets before making a decision. Working with a real estate professional with local market knowledge can also be helpful in finding the right market for your investment needs.

Undertaking a rehab project on a rental property can be a risky venture, especially for a newbie without much experience in real estate or construction. There are several factors to consider when deciding whether or not to take on a rehab project:

• Cost: Rehabbing a rental property can be expensive, especially if there are significant repairs or updates needed. It's important to carefully estimate the cost of the project and make sure you have the financial resources to complete it.
• Time: Rehabbing a rental property can also be time-consuming, especially if you're doing the work yourself. You'll need to factor in the time it will take to complete the project and make sure you have the availability to do so.
• Market conditions: It's important to do your research and understand the rental market in the area where the property is located. Is there a demand for rental properties in the area? What are the going rates for rentals? You'll want to make sure you can generate enough income from the property to cover your costs and turn a profit.
• Expertise: If you don't have much experience in real estate or construction, it may be risky to take on a rehab project without the help of professionals. Hiring contractors and other experts can add to the cost of the project, but it can also help ensure that the work is done correctly and safely.

Overall, rehabbing a rental property can be a risky venture, but it can also be a rewarding one if you do your research and plan carefully. If you're considering a rehab project and are unsure if it's right for you, it may be a good idea to speak with a real estate professional or a construction expert for guidance.

Congratulations Nikki for starting out! Here are my advice for you if you are leaning into STR's. Hope this helps you!

Leverage as much local knowledge as you can by reaching out to people already in the industry
Do a thorough investment analysis before you invest in a property
When you market the property, a picture is worth 1,000 words
Don’t think that short term rentals have to be “vacati0n homes.”

Absolutely possible :))

Wow! Congratulations. More to come Alex!

Hello Nikki! I would say that investing in multifamily real estate will prove to be a unique experience when compared to building a portfolio of single-family properties. Keep these tips in mind before you invest in multifamily real estate:

1. Find Your 50%
2. Calculate Your Cash Flow
3. Figure Out Your Cap Rate
   
   
4. Hope this helps you! Good luck on your future endeavours!

• Process can be overwhelming. Buying a new home isn't easy and Realtors have a high level of expertise that usually makes the whole process run smoother. Not to mention, they take on a lot of work like filling out forms, keeping the process moving, and making sure you have all of your ducks in a row.
• Less industry insight: Agents have access to the MLS real estate portal that lists a ton of information about homes for sale and as a normal consumer you can't access that information. A good Realtor is familiar with neighborhoods in your area, what fair prices are, and what warning signs to look out for when you buy a home.
• No negotiation help: A confident and experienced Realtor can help you get the best deal possible and put in a competitive offer below the asking price based on their comparative market analysis. Without an agent you'll have to negotiate with the seller's agent on your own.

1. Hello David! From the way I see it here are the cons on BRRRR. Hope this helps you! Good luck on your future endeavors!
   
2. Expensive loans

The cost of repaying loans is high. Until you can rehab the property and rent it for a profit, you will be stuck with a steadily growing debt and an interest rate.

1. Risky investment

The property’s value determines whether or not an investor should refinance it rather than how much they’ve invested in it. Regardless of how much the property appraises for, there is always the risk that the appraisal will not be as high as expected.

1. Not a guaranteed passive income

If you think BRRRR methods can guarantee you a 100% passive income, then this investment strategy is not for you. While it may generate many returns, patience and time are required.

Minneapolis- St. Paul is considered one of the top multifamily markets in the U.S..-- and for a good reason. Unemployment is sitting at an incredibly low 2.8% (and dropping), while the area’s labor force has increased by nearly 5% in the last few years. In fact, over the last 5 years, the area has added a staggering 130,000 jobs, attracting workforce talent from other parts of Minnesota, as well as from neighboring states, like Illinois. And, over the last 4 years, approximately 42,200 new households have been added to the market, with another 17,500 households expected to form during 2019. Coupled with rising housing prices, this population influx should keep rental demand high in both urban and suburban markets.

Nice move Isaac! My advice would be for you to :

Find a mentor you can trust. I can't stress enough how important it is to find a mentor in this industry. Having a mentor when I first got started in real estate was key to my growth. Utilizing the benefit of someone else's experience greatly reduces your learning curve.

Define your goals. I think it's safe to say we all get into real estate investing at least in part for the freedom it can provide. But what does that look like for you? How large or small of an organization do you want to build? What is the end goal you are hoping to achieve? Real estate is often just the vehicle to get us to a bigger life goal, so make sure you are casting a vision for your company (or yourself) that aligns with your goals.

Hope this helps you! Good luck on your future endevours!