All Forum Posts by: AJ Leman

Hi Madi,

Welcome to BP. IC/C’ville is a great place to invest!

Hit me up for a coffee sometime!

AJ

I second and third all that. Keep the IC place! It’ll be worth more as time goes by!

Good luck!

Welcome to BP!

Best of luck out there!

AJ

Hey @Matthew Gunderson,

Welcome to BP. Like you, I came to IC 20 years ago. Never thought I'd stay. We fell into REI by accident and it's been a great thing. I'm a teacher by day at an IC high school. Love to chat more and best of luck!

AJ

Hey Eddie,

IC is a nice market and we have had good luck here.  As you are aware, its a college town. It also has some nice industry and a large teaching hospital.  Overall, our units fill up pretty fast. Happy to answer any specific questions as well.

Best of luck-

AJ

Hi Vernon,

Welcome to BP! We invest heavily in IC and in Illinois. Its been a very good market for us. Good demand, strong rents, etc. Prices can be on the high side (for the Midwest), but in the long term it has been great. I'm sure other areas are good as well. I think the main thing is doing your research and then jumping in. Happy to answer any specific questions you may have. Good luck!
-AJ

Welcome @Dainen VanGorkom.

We invest in IC and in Illinois.  Good place to park money! 

Best of luck on your journey - 

AJ

@Travis Eichelberger we use Jeremy Hagan at Pugh Hagan Prahm in Coralville. He is excellent.

Good luck-

AJ

In my experience, signing or not signing seems to mean little.  I would prepare to do a 'cash-for-keys' if they will not leave.  Not sure if you can/want to file eviction papers, but if you go that route, its best to start now, even with a signed document.  Good luck!
AJ

Yep, I agree with @John G.

We own a 4 plex here in Iowa.  Since its residential, bank usually uses the comps approach.  However, if you have a good relationship with a banker, they may be able to use the income approach.  Good luck!