All Forum Posts by: Salome D.

Hi, how is the blue ridge STR doing? I read your post. Im planning to 1031 exchange and pick a STR in blue ridge? Is it profittable? Are there enought resources to find a cleaner or Prop manager? Are there lots of reguklation restrictions in Blue ridge? Hos is the occupancy rate? I am trying to start my STR in Ble Ridge, any input is appreciated. Thanks. Sally

Hi, how is the blue ridge STR doing? I read your post. Im planning to 1031 exchange and pick a STR in blue ridge? Is it profittable? Are there enought resources to find a cleaner or Prop manager? Are there lots of regulation restrictions in Blue ridge? How is the occupancy rate? I am trying to start my STR in Ble Ridge, any input is appreciated. Thanks. Sally

Hi. I need the best lender in Texas, specifically would lend to prop in San Antonio. New Mortgage loan, not a refi. Pls let me know. Thanks.

@Kyle Smith also thinking of passive investing. But I won’t put all mg eggs in one basket. Still wants a buy and hold and semi-involved. I thrive at being busy and challenged.

@Mary M. this is the way to go, small family in a nice area with decent cash flow. Thanks.

@ Lane I have 2 SFH for 5 years now here in southern Cali, no cash flow, actually negative but I'm doing it for appreciation.

@Mahavir Gill many reasons, super expensive pricing, prop taxes and no cash flow. Those are major ones. I don't have time to rehab. I'm a busy mom and career woman. 

I am looking to invest out of state, small MF 2-4 units. South and Midwest. Any input as to where are good emerging markets to invest or to start? Any input, tips and connections with turn key providers or brokers are greatly appreciated.

Parameters: turn-key (as I am very busy), good PM in the area, 1. 10% cash-on-cash return, after additional capital expenses. 2. Clean/decent condition of interior note that I might be willing to invest in modest cosmetic fixes such as new appliances, paint, carpet, etc. But no remodels or major repairs needed in year 1.

3. Newer construction. 2000+ is great, 1990 is OK. 1980 would take some convincing. 4. Reasonable commute to large centers for employment.  5. 3+ beds; 2+ baths. I would say that 4/2.1 would be ideal. 6. Modern features such as a functional 2-person master bath, social kitchen, attached 2+ car garage, central heat and/or AC, non-gold features, etc. 7. Clean, decent, functional yard (low cost of upkeep, so no pool and probably no water feature) 8. B neighborhood or better, and on a decent or better street. 9. Attractive curb appeal.

Appreciation

1. Stable-or-better outlook for the economy 

2. Low cost of living in the city

3. Diversified economy

4. Non-Extreme climate

5. Property doesn’t have any significant negatives (high road noise, power lines, hills, odor, etc.)

6. Housing market trends must make sense

7. Decent or better city to live in.

8. A decent sized city or larger 

Thanking someone from BP (forgot your name), sorry- we have similar taste in finding MF parameters. Thanks in advance.

Thanks everyone.. I am in the process of interviewing and doing research. I appreciate all your input. Have a wonderful Thanksgiving!

I am excited for next year for the future of multifamily business for me and for the rest. Just finished attending webinars about Multifamily forecast in 2020. It its very encouraging. Does anyone know of a reputable IRA accommodator to set up a checkbook IRA for me. Can a lawyer do this or does it have to be a Self directed IRA accommodator? I have spoken with one, Sense financial, would anyone recommend another company to compare quality of service and rates? Thanks.