All Forum Posts by: Oren Kachel
Oren Kachel has started 37 posts and replied 126 times.
Post: Out of state investors - what market did you choose and why?
- Posts 139
- Votes 24
any out of the country investors here?
Originally posted by @Jaron Walling:
Absolutely if the price was low enough. A good deal is a good deal.
arent you concern about DOM, or breaking and entering while the house is on the market?
would you flip in a low income, no war zone area?
Gorden, was it an on market deal?
Post: does the 70%/80% rule exsist?
- Posts 139
- Votes 24
after studing and following for a few mounths ,after a few markets, I cant find deals that in that ball park rule.
ive seen a 120k property, that need a repair for about 40k, so obviosuly I will offer less the 80k.
but I cant even find an already sold properties that when I look at their price history (Zillow/Redfin) I see that the listing price, was X, and they were sold for less that 0.8X, or less than 0.7X.... not mentioning even lower prices that include repairs ( in the 100k-120k properties there is always a repair).
am I missing something?
is it a myth?
am I looking at the wrong markets?
is that rule only available in off market deals, or in a for-sale-by-owner?
any recomendation for a new markets wich are friendly for a far away out of state investor?
Oren
Post: Investing in San Antonio Remotely
- Posts 139
- Votes 24
Hey Rajan!
take a look at this, its two years old, but maybe still accurate
https://www.biggerpockets.com/forums/99/topics/513518-san-antonio-tx-how-to-understand-this-market?page=1
Post: Huntsville Alabama Path of Progress
- Posts 139
- Votes 24
Originally posted by @Kevin R.:
@Sean Pan Sean, I live on the gulf coast in Alabama. Baldwin County ( Fairhope, Daphne, Loxley and Spanish Fort are your best areas to buy single family. High rents and appreciation.
Hey Kevin
those places look like a low inventory (on markert) markets, no?
Post: Huntsville, AL: Zip Codes (The Good and Bad)
- Posts 139
- Votes 24
Originally posted by @Dave DeMarinis:
Sorry, were you warned TO invest in north side or NOT to invest in North Side? I think you are referring to 35810, 35811 and 35816. They all will have opportunity under $110K and definitely wouldn't qualify as B grade neighborhood. However, there are plenty of pockets that are good rentals with workforce type tenants.
sorry, I ment NOT TO.
the agents and PM's , when i asked them about the north , told me its a street by street, or "pockets"
but when I did my research with Huntsville RESIDENTS, they all talked about staying away from the north (they didnt refered to zip codes, but I guess they ment 35810.
one young agent I met here was optimistic about the north, ill send him this thread and ask him to join the discussion
Post: Huntsville, AL: Zip Codes (The Good and Bad)
- Posts 139
- Votes 24
Originally posted by @Dave DeMarinis:
@Daniel Mendez I don't think there is a stay away zip code in Huntsville. There are stay away streets/blocks/homes and probably in nearly every zip code but there are no "Area 51" zip codes. To Caleb's point though, it really depends on your strategy and goals.
in my research I warned to to invest in the north side , and that most of it is a C-
(also most of the inventory under 100k-110k is in that area
Post: Huntsville, AL: Zip Codes (The Good and Bad)
- Posts 139
- Votes 24
Originally posted by @Carlos Ptriawan:
I'm Out of State Investor and just visited Huntsville hunting for rental. I saw 10-15 homes during my visit. The job market here is super good and the house is selling very fast, DOM is about 10-14 days. Most areas are B neighborhood. There's no real C neighborhood here. But personally I like the area around Harvest.
Warning: be careful more on the price/sales comp.
10-15 homes?
I think there is no 10-15 homes on the MLS, I Huntsville metro :)