All Forum Posts by: Ryan Copeland

If its only going to take 6 months at 100% to get all of your initial investment back then man you're GOOD! Ride this storm out and focus on getting those vacant units rented. 

It also sounds like you grossly underestimated the TCO for these properties as well. Did you buy the properties at a low enough cost to where once you finish the repairs the property value is increased? Basically, are these BRRRR properties? Whether they are or not, just ride this out if you feel like you purchased right.

What is your motivation to invest out of state?  What state are you looking at?  I looked at your profile and we have the same goals of $10,000 in cash flow per month.

@Ariel K. you're probably right about the 25% down. I never told the lender its a MF property. I do know that with other lenders its either 25-30% down for MF.

@Matthew Irish-Jones none of them are section 8. One tenant has a 750 credit score.

@Peyton From

Hey Peyton,

I started out the same way, trying to find a realtor that knows the market. I haven't had much luck. But since you're looking to invest out of state, you definitely need one or know someone in the city you're trying to invest who can be your boots on the ground.

I don't know about the data from websites. My exposure to that is only from this post🙂. Yet that's what makes this forum great, you can always be learning.

@Elizabeth Colegrove are you still purchasing homes in Summerville?

How do you use the data? What are you looking for?

@Joshua D. asking 20k over list price with an ARV of 220k was easy math 🙂. I would've made that offer too.

@Bill P. do you feel like the property values are already inflated?

Hello BP,

I've been working diligently the past few months to pick up some investment properties.  It is baffling to me at just how fast the properties are selling!! Properties are selling above asking price, lots are over priced and a lot of all cash deals. One duplex sold so fast earlier this week to where I didn't even get a chance to put an offer in on it.

Are investment properties selling so fast right now because of the low interest rates?  What is it?