All Forum Posts by: Joshua Zapin

@Gary L.Thanks for the reply/insight.  I heed your caution.  But I also think there is something to be said about taking a risk with a new operation.  It's a risk, but might be worth it.  High Return Real Estate also seemed much more customer focused and have a long view that's refreshing.   What I can garner is that Indianapolis is a great market.  It's just a question of which property/neighborhood, etc.

Has anyone looked into High Return Real Estate?  (https://highreturnrealestate.com/)  They are also in Indianapolis.  I talked with them and was impressed.  Curious if anyone considered them vs. Morris Invest?

 Thanks.  Great post. 

JZ

I have a (potentially stupid) question about read the data HUD provides on Fair Market Rents (FMR) data you can get from https://www.huduser.gov/portal/datasets/fmr.html

If you download FMR History 1983 - Present: All Bedroom Unit data Zip file it contains columns for the FMR by year and bedroom number (e.g. fmr16_1 is fmr for 1 Bedrooms in 2016).

What does the number represented in that cell represent?  I believe it is just the dollar amount per month.  For example, 

I believe it is saying that for this particular region in 2016, it was $647 for a 1 BR, $788 for a 2 BR, etc.

I realize this may be a stupid question. But the only documentation I can get on that column from HUD is:

Nowhere does it say what the value in the cell represent.

Any thoughts would be greatly appreciated.

Thanks.

JZ

 Thanks!

 Thanks for the reply.  

"most of the zip codes in the ZHVI aren't even represented Rent List Price data. " means that if you VLOOKUP the zipcodes within the data (via CSV) from the Zillow Home Value Index (ZHVI), most of those Zip Codes aren't in the Zillow Rent List Price (also a CSV).   Just not sure why there would be such a discrepancy.

Thanks for all the great insights/replies.   Does anyone know a good resource to evaluate TK providers?  

JZ

I'm interested in buying homes/apartments to rent to create long term cash flow.

To that end, I'm trying to find/validate good regions/zip codes where you can get 1-2% of the home value in rent. 

To that end, I've used Zillow Data to figure it out: https://www.zillow.com/research/data/

Where I've used, for example, the ZHVI 3-Bedroom Time Series ($) and compared it (using a VLOOKUP) to the Median Rent List Price ($), 3-Bedroom to figure out the % by dividing the median rent price by the median home value.

Am I doing it correctly? I ask because I noticed that most of the zip codes in the ZHVI aren't even represented Rent List Price data.

I'm just using this to start my research but will use other methods once I hone in on a property.

Perhaps I'm missing something?

Any guidance would be really appreciative.

JZ

I don't have much familiarity.  That's why I'm thinking of trying turnkey to help learn.  I also would prefer to invest in areas that I can check and plan to do so once I hone in on a region.

Does that make sense? 

I have more money than I have time and live in a market (Boulder, CO) that doesn't lend itself well now for investing.

Turnkey real estate investing seems like the right entrance into REI for me.

Question: What are some recommended locations? Some of the ones that I have intrigued me based on the reputations of turnkey investment companies that focus on them include:

• Memphis (Memphis Invest)
• Houston (Memphis Invest)
• Indianapolis (Morris Invest)
• St. Louis (St. Louis Property Direct)

Any other thoughts/recommendations?

Any thoughts would be greatly appreciated.

Thanks.

JZ