All Forum Posts by: Account Closed

Jason, that is totally dependent on the time that you have as well as the experience that you have! I am all for PM!

@Josh Sparks I find your comments interesting. What is your experience in real estate, market value, etc? From another post of yours it seems that you are at the very beginning stages of your real estate career, still looking for capital and learning the ropes.  While this is fine, your assumptions and public comments are bold for your assumed lack of knowledge. I am more than happy to educate you on market values, turn-key property expectations, etc.  Feel free to shoot me a PM. Thanks!

Are you considering investing in a negative cash-flow unit? Is this more of an equity play? Are you confident in the appreciation of this location? 

Good luck @Barclay Chan! I've been in the business for over 2 years assisting out of state investors. I would say anything coastal, remember your insurance will be higher and lenders might require hurricane insurance which could totally wipe your cash flow. I think the midwest is great, especially price to rent ratios. I know Cleveland is poplar. I am in Dayton OH and Kansas City MO. 

I am boots on the ground here and can help analyze an area for sure. Independence has A-C grade areas. in my opinion, A is mostly home owner occupied area, newer build. B - mix of home owner occupied and tenant occupied. C - mostly tenant occupied, older homes. Through out independence you will see all areas.

Also be sure your lender can do 20% down on a multi. Most require 25% down.