All Forum Posts by: Michael San Roman

@Nicholas Lohr that's a great way to look at it. thanks!

Happy Saturday,

Knowing that it is very subjective in nature, when determining the CoC return that you require, what factors help you decide yours?

- Requiring a rate greater than a blended mix of 10yr mutual/index fund return averages?

- Requiring a rate greater than recent personal investment returns?

- Requiring a rate greater than the current 10-year treasury note yield?

Any guidance would be greatly appreciated!

Thanks,

Michael

@Jack Bobeck That's some good advice. I will certainly keep that in mind as I get closer to that step. Thank you!

@Vanesa Gonzalez That's great to hear, good luck with your wealth building!

@Mike DeBuccio Jr. Thanks so much. I'll go ahead and PM you man.

@Patti Rosepiler Thanks! I have actually been seeing a lot of "deals" that are actually in unsafe areas. Thanks for the guidance, I will certainly be looking in the Tampa area as well.

@Michael Plante My strategy is buy & hold multi-family, focusing on depressed/motivated seller properties that can be rehabbed and rented out for cash flow; BRRRR preferable if the numbers and financing work.

@Jack Bobeck That resource is great! Thanks so much. This will certainly help kick-start some deeper market analysis.

@Robert Lindsley That's great advice and valuable insight!! Thanks

Hey Everyone!

As an aspiring out-of-state real estate investor located on Long Island, NY, I have been doing some in-depth market research to identify several healthy investor-friendly markets to begin exploring. My sniff test has included: 1. Recent strong/stable population growth and 2. Recent strong/diverse employment growth. My findings have led me to: Jacksonville, Tampa, and Austin.

In my Jacksonville research I am seeing:

- A trend that the market is moving away from the more expensive coastal areas and moving towards i-95 in Baker & Nassau county, as it is more affordable and provides easier access to downtown Jacksonville

- There has been significant development in the counties directly south of Jacksonville including St. John's and NE Clay County

I am hoping that any of you Jacksonville investors, homeowners, renters, and/or speculators like me can help shed some further light into my research. Initial signs point to these areas as being healthy opportunities as long as the right deals are found but it would be extremely helpful to hear more about the cash-flow opportunity (as population growth may be driving up prices), if this area was hot a few years ago and may be cooling down and any other market-specific aspects that I may be missing/not including in my research.

Any feedback would be greatly appreciated!

Michael