All Forum Posts by: Mike Huerta

Why are you displeased? Maybe your expectations are too high?

If I had a nickel for every person I heard say, "I'm waiting for the dip..." 

It's bound to happen eventually, so build it into your strategy. Like KT said, don't be a pig.

Can you renegotiate on the appraised price? I had success with that on another home in Cordova. Saved about $7k.

 You can probably find properties on roofstock that can beat .7%. Otherwise research online. Pick a state and search fastest growing cities. That will give you a good base to start from. 

You need to keep researching markets. There are plenty of B homes in B neighborhoods that need little to no fixing, that will rent for better than .7%. Don't give up, research more!

@Sisai, what PM did you move forward with? 

Thanks, Curt, but looking for rental rate history. Any chance you can share some rental rate history data?

Just curious if anyone could offer their own data or suggestions on a resource where I could get an example of rental trend for the last 10 years, for a typical 3/2 1400 sqft in Eastern Memphis (Cordova, Bartlett, 31833). Just looking for some simple averages. Thanks!

@Josue Gomez That's good insight. Do you have any data on the rising crime, or can you point to any resources to back that up? Would love to see it.

I'm no expert, in fact I'm very new at this, but I've been looking at the Bartlett and Cordova area. Shooting for nicer neighborhoods.