All Forum Posts by: Rami Halperin
Rami Halperin has started 8 posts and replied 16 times.
Post: Markets that can work well for cash flow in today's environment
- Posts 16
- Votes 8
Quote from @Steven Foster Wilson:
Quote from @Rami Halperin:
Hi friends,
Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.
End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)
I recommend the major cities in Ohio:
-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily
-Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k
-Cleveland, has alot of cashflow potential, average multifam around $140k
There are other smaller markets like Dayton, Newark, and Toledo, which because of big corporations moving toward those areas we are seeing them start to boom.
Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.
Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!
Great info Thanks!
Post: Markets that can work well for cash flow in today's environment
- Posts 16
- Votes 8
Anyone... How do I get the user profile name in my answer ?
I agree, the question is does it work for long term also? For a full year lease or mostly short term?
Post: Looking to identify good markets for cash flow
- Posts 16
- Votes 8
Quote from @Shane Kelly:
While I definitely have a bias, I can say that Cleveland is a cashflow market through and through. Margins are getting thinner everywhere, Cleveland included, but you're still able to find many deals that cashflow on the market.
Thanks for the input Shane!
Post: Markets that can work well for cash flow in today's environment
- Posts 16
- Votes 8
Hi friends,
Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.
End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)
Post: Looking to identify good markets for cash flow
- Posts 16
- Votes 8
Hi friends,
Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.
Post: Convert main residence to down payment on multi family
- Posts 16
- Votes 8
Hi Guys,
Looking to either sell my home (fully owned), or get line of credit and use as down payment for multi family. The goal is to find one deal that will produce enough cash flow to provide basic income. Few years ago I was able to do something similar with my ex but prices were lower than. The loan was provided by a local credit union bank, the ROI was great.
Don't have much steady income to show (as far as w2), some passive income, some cash on the side, and pretty good credit score.
I'm looking for the best option to borrow (and be preapproved) so in case I sell my home I can just move in on a deal. I don't want to lose ownership over my home and wait too long without putting investment in place as cash in hand is a dangerous thing!
Also I would be interested which markets may work for something like that?
Thanks
Rami
Post: FHA loans where and how...
- Posts 16
- Votes 8
Quote from @Katherine Blazer:
I would start local. So a local bank or wholesale broker. They will all need the same information and shop around to get the best rates! It doesnt hurt you to do so.
Thanks for the input Katherine, what's a wholesale broker btw?
Post: FHA loans where and how...
- Posts 16
- Votes 8
Hi friends,
I was wondering if someone can tell me who provides FHA loans? Are there things to consider before applying? Specific mortgage companies or banks that would be better? Also do you apply online or usually go to a location?
Thx
Post: Renting out furnished rooms in your house (While you live there)
- Posts 16
- Votes 8
Thanks Elliott, any tips on how to vet/background check? How do you look into rental history?
Post: Renting out furnished rooms in your house (While you live there)
- Posts 16
- Votes 8
Thanks Conner, good info!