All Forum Posts by: Alejandro Guimoye

Great article @Steve W. thank you for sharing!

Thank you so so much @Ross Denman for being so generous and sharing your on the ground knowledge and expertise. This definitely helps tremendously and gives me good starting points. I'll keep you posted on what I find (hope that's ok) and will reach out to you for property management and anything else that might be mutual beneficial. 

Cheers!

@Joshua Howaniec Thanks and yes looking to purchase in the next couple months. I'll message you. 

I appreciate the advice @Ross Denman and will definitely check out Broad Ripple. Yes I'm considering relocating to where I end up purchasing to take advantage of the 3.5% FHA, but who knows OOS investing could also work if I can swing the 20% + rehab costs.

What areas do you recommend for SFR's with low crime but where you can still find deals?

Thanks!

@Nathan Grubb Thanks for the head up! I'll make sure to keep this in mind for sure as I narrow it down. 

Hello, 

I need help researching/analyzing locations in the midwest for my first investment property. I've narrowed my search to the following areas for affordable entry points and growth mostly. 

Some things I discovered in my search as a newbie =)

• Detroit, MI - 15.1% rental yields, hip new destination for millennials, and large companies (Pfizer, Ford, Chemical Bank) moving there. 

• Cleveland, OH - Home values up 10.5% over past year and efforts to become a tech hub (blockchain innovation)

• Indianapolis, IN - Named #1 state in US to make money from REI by CNBC and Indianapolis ranked in the top 20 markets to watch.

I'd love to house hack a multifamily under $100K. Here are my questions...

1. How to best analyze which zip codes/areas to put on my radar and which to stay away from?
2. Aside from BP, what are other websites, blogs, publications, or resources to dig deeper for information such as economic growth, expansion, etc in specific areas? 
3. Advice on things to consider when researching/analyzing these markets?
4. If you were in my shoes as a first time investor, where would you buy your first multifamily BRRR for under $100K in the Midwest and why?

Thank you so much for your time and help. 

Thanks @Cameron Ysidron, I did see a couple of homes in Louisiana (which happens to have awesome film tax rebates). 

Hello,

I've been looking for a 2 story, 4-5 bedroom victorian home (built before 1920s)  to serve two purposes. One as my first investment property, but also to film my upcoming feature film, which 90% would take place inside this home (I own a video production company and do this for a living). 

I live in California and homes like the one I need are $300K in rural areas. Finding a property in California would be the easiest thing for me since most of my resources to film the movie are here (gear, crew, etc). However I've noticed I can get a bigger property for 1/3 the price that has more of that victorian/QueenAnne charm that I'm looking for in states like Georgia, Pennsylvania, Texas, Louisiana, etc. 

I found what seems like the perfect property to film the movie and the for the BRRR strategy in Dawson, GA, but needs TONS of work (I haven't done an inspection or gotten contractor quotes on work needed yet), but I'm just a little hesitant since I'm in California and this would be my first venture. I guess I'm just afraid to jump in the pool and find out half ways its empty. I know I have to do my research and do diligence on the property to make sure the numbers work, but any advice would be much appreciated.

My plan would be to buy the property with an FHA loan 3.5% down and live in it as I rehab it and prep it for the movie. Then after the movie has been filmed I plan on renting it after the year.

Here is the property in case anyone has the time or interest to check it out:

486 Stonewall St NE, Dawson, GA 31742

Thank you Universe!

Alejandro