Consultation: I have 2 properties in Florida in different areas. There is a property I am interested in in Georgia. Better numbers. Is the scattering?
Original publication date on the United States Real Estate Forum on Facebook:
2019-01-30T03:08:16+0000
Consultation: I have 2 properties in Florida in different regions. There is a property I am interested in in Georgia. Better numbers are.
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http://bit.ly/2IcI1FU
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- As long as you hold a head in the management / supervision from your side, as well as various expenses between the state (such as taxes) then not my opinion is a problem. One thing to keep in mind is that if you want to do leveraging walls then this will slightly restrict you
- Hi Erez, we are talking about two different states that reacted differently to the subprime crisis and recovered during different periods. I acquired both in different years due to a different timing of the situation there. I am now buying in Atlanta in areas that have not yet made the bulk of the increase. There are markets in Atlanta that have already exceeded pre-crisis prices. Atlanta is huge, so even within it you can produce scatter.
- In terms of dispersion you can achieve the goal, but take into account that with one asset in each area you are relatively “weak” vis-à-vis the vendors you work with (management company / professionals / banks when needed ..) versus a situation where you have multiple assets in the same area. So your bargaining power and your attitude toward suppliers will probably be better.
Take it into consideration.
Successfully. - Dual management is not recommended. I am only concentrated in Florida in Port Arthur Lauderdale... Currently selling a property for about 85k with a renovated tenant with a tenant for $1370
If you are interested or someone else is invited to amitefrati12 @ gmail. com - I agree with Lior It is not always right to disperse if you have a winning area. I believe in the center so you have strength in the field. Scattering It will be true that your area is already difficult to buy so you should open a new area
- Thank you. When there are better numbers, why stay fixed?
Thank you. When there are better numbers, why stay fixed?
I agree with Lior It is not always right to disperse if you have a winning area. I believe in the center so you have strength in the field. Scattering It will be true that your area is already difficult to buy so you should open a new area
Dual management is not recommended. I am only concentrated in Florida in Port Arthur Lauderdale... Currently selling a property for about 85k with a renovated tenant with a tenant for $1370
If you are interested or someone else is invited to amitefrati12 @ gmail. com
In terms of dispersion you can achieve the goal, but take into account that with one asset in each area you are relatively “weak” vis-à-vis the vendors you work with (management company / professionals / banks when needed ..) versus a situation where you have multiple assets in the same area. So your bargaining power and your attitude toward suppliers will probably be better.
Take it into consideration.
Successfully.
Hi Erez, we are talking about two different states that reacted differently to the subprime crisis and recovered during different periods. I acquired both in different years due to a different timing of the situation there. I am now buying in Atlanta in areas that have not yet made the bulk of the increase. There are markets in Atlanta that have already exceeded pre-crisis prices. Atlanta is huge, so even within it you can produce scatter.
As long as you hold a head in the management / supervision from your side, as well as various expenses between the state (such as taxes) then not my opinion is a problem. One thing to keep in mind is that if you want to do leveraging walls then this will slightly restrict you