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Updated 14 days ago, 12/02/2024

User Stats

9
Posts
15
Votes
Shane Cordrey
Pro Member
15
Votes |
9
Posts

New investor interested in multifamily properties

Shane Cordrey
Pro Member
Posted

Im a new investor trying to get into multifamily property investing and long term rentals.

  • Shane Cordrey
  • User Stats

    2,225
    Posts
    1,772
    Votes
    Mitch Messer
    • Rental Property Investor
    • Playa del Carmen, México
    1,772
    Votes |
    2,225
    Posts
    Mitch Messer
    • Rental Property Investor
    • Playa del Carmen, México
    Replied
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?


     Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    

  • Shane Cordrey
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    User Stats

    92
    Posts
    42
    Votes
    Replied

    Hi there,

    Welcome to the world of real estate investing! Multifamily properties and long-term rentals are fantastic strategies for building steady cash flow and long-term wealth. As a new investor, focusing on these can give you a solid foundation to grow your portfolio.

    I’m primarily focused on the Indianapolis market, where we specialize in new build duplexes that offer strong returns and stable rental income. If you’re considering different markets or want to explore multifamily opportunities, I’d be happy to share insights and help you navigate the process.

    Feel free to reach out if you’d like to connect and discuss strategies, markets, or anything else related to multifamily investing. Looking forward to seeing your success!

    User Stats

    2,225
    Posts
    1,772
    Votes
    Mitch Messer
    • Rental Property Investor
    • Playa del Carmen, México
    1,772
    Votes |
    2,225
    Posts
    Mitch Messer
    • Rental Property Investor
    • Playa del Carmen, México
    Replied
    Quote from @Shane Cordrey:
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?


     Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    

    We used to have a similar philosophy ... and then we went to live in Clovis, New Mexico for a few years! 😂

    Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.

    Shortly after that, we adopted our MUCHAS criteria:

    M - Near a military base

    U - Has at least one college or university

    C - Has a Costco or equivalent

    H - Has a hospital ranked at least as a Level II Trauma Center

    A - Has a commercial airport

    S - Has a Sprouts (organic grocery) or equivalent

    This has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.

    May be worth a look for you as well!

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?


     Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    

    We used to have a similar philosophy ... and then we went to live in Clovis, New Mexico for a few years! 😂

    Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.

    Shortly after that, we adopted our MUCHAS criteria:

    M - Near a military base

    U - Has at least one college or university

    C - Has a Costco or equivalent

    H - Has a hospital ranked at least as a Level II Trauma Center

    A - Has a commercial airport

    S - Has a Sprouts (organic grocery) or equivalent

    This has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.

    May be worth a look for you as well!


    You're awesome.   That is what I needed.  I was throwing darts at where to start.  All of your suggestions are exactly what I am looking for.   I will start with that.   Thank you..Thank you.. Thank you.....

  • Shane Cordrey
  • User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Ryan Cheek:

    Hi there,

    Welcome to the world of real estate investing! Multifamily properties and long-term rentals are fantastic strategies for building steady cash flow and long-term wealth. As a new investor, focusing on these can give you a solid foundation to grow your portfolio.

    I’m primarily focused on the Indianapolis market, where we specialize in new build duplexes that offer strong returns and stable rental income. If you’re considering different markets or want to explore multifamily opportunities, I’d be happy to share insights and help you navigate the process.

    Feel free to reach out if you’d like to connect and discuss strategies, markets, or anything else related to multifamily investing. Looking forward to seeing your success!

    Thanks Ryan.  Yes.  I would like to connect with you.   I lived in Terra Haute for a few years so know a little about the area.


  • Shane Cordrey
  • User Stats

    175
    Posts
    347
    Votes
    Evan Hopple
    Agent
    • Real Estate Agent
    • Columbus OH
    347
    Votes |
    175
    Posts
    Evan Hopple
    Agent
    • Real Estate Agent
    • Columbus OH
    Replied
    Quote from @Shane Cordrey:
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?


     Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    


     Dayton, OH is a solid rental market supported by the Wright-Patterson base

    business profile image
    Reafco
    0.0 star
    0 Reviews

    User Stats

    739
    Posts
    992
    Votes
    Min Zhang
    Agent
    Pro Member
    • Real Estate Agent
    992
    Votes |
    739
    Posts
    Min Zhang
    Agent
    Pro Member
    • Real Estate Agent
    Replied

    Welcome to BP Shane!

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Evan Hopple:
    Quote from @Shane Cordrey:
    Quote from @Mitch Messer:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome, Shane!

    What specific markets are you considering?


     Thanks Mitch.  I am looking into markets that have a military base near by.  Any active duty base is preferable.    


     Dayton, OH is a solid rental market supported by the Wright-Patterson base

    Thanks Evan.  I will look into that area.  
  • Shane Cordrey
  • User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Min Zhang:

    Welcome to BP Shane!

    Thank you 
  • Shane Cordrey
  • User Stats

    1,101
    Posts
    1,426
    Votes
    Samuel Diouf
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    1,426
    Votes |
    1,101
    Posts
    Samuel Diouf
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    Replied

    Welcome to BP Shane!

    I love MFH investing because of the higher cash flows. 

    I'm an investor based out of Columbus and would be happy to connect. 

    business profile image
    Reafco - Samuel Diouf
    5.0 stars
    2 Reviews

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Samuel Diouf:

    Welcome to BP Shane!

    I love MFH investing because of the higher cash flows. 

    I'm an investor based out of Columbus and would be happy to connect. 


     Thanks Samuel.  Yes, Columbus or Dayton area would be good locations for me to look at.

  • Shane Cordrey
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    User Stats

    1,101
    Posts
    1,426
    Votes
    Samuel Diouf
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    1,426
    Votes |
    1,101
    Posts
    Samuel Diouf
    Agent
    Pro Member
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Shane Cordrey:
    Quote from @Samuel Diouf:

    Welcome to BP Shane!

    I love MFH investing because of the higher cash flows. 

    I'm an investor based out of Columbus and would be happy to connect. 


     Thanks Samuel.  Yes, Columbus or Dayton area would be good locations for me to look at.


     Shoot me a PM! 

    business profile image
    Reafco - Samuel Diouf
    5.0 stars
    2 Reviews

    User Stats

    5,443
    Posts
    6,405
    Votes
    Remington Lyman
    Agent
    • Real Estate Agent
    • Columbus, OH
    6,405
    Votes |
    5,443
    Posts
    Remington Lyman
    Agent
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


     Welcome to BP!

    • Remington Lyman
    business profile image
    Reafco
    5.0 stars
    12 Reviews

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied
    Quote from @Remington Lyman:
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


     Welcome to BP!


     Thank you.

  • Shane Cordrey
  • User Stats

    1,562
    Posts
    1,335
    Votes
    Jimmy Lieu
    Agent
    #5 Classifieds Contributor
    • Real Estate Agent
    • Columbus, OH
    1,335
    Votes |
    1,562
    Posts
    Jimmy Lieu
    Agent
    #5 Classifieds Contributor
    • Real Estate Agent
    • Columbus, OH
    Replied
    Quote from @Shane Cordrey:

    Im a new investor trying to get into multifamily property investing and long term rentals.


    Welcome to the BiggerPockets community, Shane! Happy to connect and answer any questions you may have.

    business profile image
    Swiss Realty Group
    5.0 stars
    54 Reviews

    User Stats

    9
    Posts
    15
    Votes
    Shane Cordrey
    Pro Member
    15
    Votes |
    9
    Posts
    Shane Cordrey
    Pro Member
    Replied

    Thanks Jimmy.

  • Shane Cordrey
  • User Stats

    223
    Posts
    79
    Votes
    Replied

    Hey @Shane Cordrey

    Welcome to the BP family. You’ve come to the right place to connect with some vary smart investors. lean on these forums whenever you have questions. good luck with your investments.

    User Stats

    56
    Posts
    25
    Votes
    Mike Robb
    Pro Member
    • Realtor
    • Ventura County, CA
    25
    Votes |
    56
    Posts
    Mike Robb
    Pro Member
    • Realtor
    • Ventura County, CA
    Replied

    @Shane Cordrey - Are you looking to primarily invest directly as an owner operator or have you also considered investing as a Passive Limited Partner in Multifamily ?

  • Mike Robb
  • [email protected]