All Forum Posts by: Porsha Fross

+1 for Personal Capital. Their fee analyzer alone saved me thousands!

That list looks solid. I have also previously posted about websites that show traveling nursing positions open. Not all hospitals have them.

https://www.vivian.com/browse-...

Additionally, extend stay hotels existing in a location show there is a demand. Those companies have solid methods to determine demand.

 Greater Cincinnati market has a lot to look forward to. Growing areas, landlord friendly, cash flowing, appreciating areas, etc. 

Northern Ky (NOT Louisville) is over shadowed by Cincy a lot so there is a lot of potential there just like Cincinnati. Let me know if there is anyway I can help!

I am curious, if anyone is willing to share. Don't have to be too specific but i think a post like this can help a lot of people out. 

Where are you currently investing in/looking to invest in multi family and why? 

Personally, i am looking at Columbus Ohio, Louisville Kentucky, and smaller cities in Illinois. 

I am leaning away from Columbus currently because everything is so expensive, I'm assuming due to projected appreciation. I like Louisville a lot because it seems like there are some areas where crime is low and pretty good rents for the money and Illinois has a lot of smaller cities that have great demographics. I know Columbus is great, but i'm currently looking for cashflow> appreciation. 

Any responses would be great, weather you don't own a single property or own 1000. Love hearing others thoughts. Thanks.  

 go to  relevantbuildings.com  this is my aviation partners start up..   there is a big difference in build quality between a Mobile home and these.. one of his target markets and i bet it would work in the Canadian outback is that you can really secuire these up when you leave them.. so he is looking to sell them to those that have properties out in the woods and are prone to break ins or vandals.. 

Also building some for ADU and he has a stackable one were he is building and 8 plex in St. Helens Or. time will tell on the market.

and my buddy has the wherewithal to pull this off.. he owns a nice 10 acre tract in PDX were he is planning on putting  a few hundred of them and leasing the ground.. Like a mHP  concept.  at the end of the day i think price point could be higher than MH  but quality is higher.  also these are state specific so these are approved in Oregon only.

I’ve owned and operated my Coworking space for seven years now. I’m also heavily integrated within the global coworking network, at a leadership level, and have quite a bit of industry knowledge. (Operations, finance, community development, workspace management systems, etc.)

I presume the 80 members came from something along the lines of 1400 ft.² divided by an average of 40 ft.² per member X a 2.5 variable vacancy rate?

**Full disclosure, I’ve worked as a professional Coworking consultant for the last 2 years BUT I‘m also happy to help people however I can with answering general questions or pointing you in the direction of appropriate resources. So free to shoot me a pm!

 I LOVE systems and processes and setting up systems. In the past year I was able to turn our asset management and my primary development company both into self-managing companies. If you want to chat just shoot me a DM and I can explain how I did it.  

I have about 30+ of our own doors in 3 states and we develop our own deals and provide consulting nationwide on development projects. I have 9 employees in the US and 3 overseas. We all work remote from our homes. 

Hi @Matthew Masoud, I think you touched on the biggest issue with mid-term rentals.

"I'm also having trouble refinancing these properties because banks hate seeing anything but LTR. So even though I bought a distressed multifamily and stabilized it, I'm unable to access the cash."

In my mind, this is the biggest reason why mid-term rentals are a headache. Most lenders are going to want there to be a 12-month lease for any property type. 

For 1-4 unit rentals, they would look at market rents. 

However, I have not run across a multifamily mid-term rental. Very interesting. I will shoot off a couple of emails to some of my lenders and see what they say about that and refinancing a property of that type. 

Cross-posting with @Jonathan Bombaci!

I am stoked to continue my partnership with ALE! After contacting and connecting with them for roughly 2 years - we hit a fun one. There's more to come and if you want help or have a place that needs to be rented out in the NE of the USA, then let me know ;) 

"How does an EXTRA $18,000 a year sound? 

Andrew Bosco a great investor focused agent on our Candor Realty Team was our guest speaker at the Lowell Simplified Real Estate Investment Meetup and shared his knowledge about MTRs (Mid-Term Rentals). He just shared some success today that is worth talking about! He helped someone in network rent a 4 bedroom SF house in Lawrence, which was marketed at $2800 a month for $4300 a month (+$1500 over). How did he do that? Through a relocation service that has a family needing temporary housing while their home is repaired. The coolest part is it’s a 12 month lease and the insurance company is going to furnish it for the renters. So they’re literally getting an extra $18,000 a year on a 12 month lease for being in the right place at the right time! We plan to embed this within our Simplified Rentals company in January 2024 and hope to have other cool stories like this to share soon! If you need help with ANYTHING real estate related please let us know. With over +650 units under management and doing over +100 multi-family transactions per year I literally think there is nothing we haven’t seen."