All Forum Posts by: Alex Case

Investment Info:

Single-family residence buy & hold investment.

I purchased my first investment property a SFR in February 2020 (right as COVID was becoming a thing) in Birmingham, AL. After much education and research I took action and purchased the property through a turn key provider, as I'm out of state in PA. I was buying for cash flow, with the goal of growing my passive income over time.

@Waleed Elgindy @Erik Browning

Sounds good, I’m going to leave this post up to see if anyone else from the area would want to join us… Weekends work, Or weekdays (evenings)… like I said. Lmk what u guys have in mind. I’ve been, thinking either Thursday night @7pm

Location: Mel’s diner SF?

Address: 2165 Lombard St, San Francisco, CA 94123

Lmk if this won’t work for any 1 for some reason.

@Shankar Sridhar

Personally I have seen there is a lot of growth moving further east from Indy, but I am more so interested in the Southside. With the highway infrastructure there has been quite a bit more business and people moving south further because land is (was) cheaper. Martinsville has had a huge influx for example. That’s just my two sense however there are quite a bit of growing areas outside of the 465 loop. I work inside the loop and although there is gentrification happening in certain areas that made out of state investors flood in years ago, there are still a ton of run down areas close to downtown. I personally am looking outside the loop as competition is far less as well. 

 Thanks! As a newbie, its definitely tempting to run behind crazy cash flow and sub 100k properties, but I think I need to shift my mindset early in my investing journey to avoid the problems you mentioned!

Like politics, all housing is local in my opinion. However, overall I think we are definitely cooling because of the higher rates. As mentioned by others, inventory is still low in most places so that is helping to protect values in the short term. We may see some decrease in values over time but a lot of real estate has been overvalued as of late. The good news is that depending on your financing and your cash flow, if your property goes down in value it is a loss on paper that you can ride out and then hopefully ride back up. Patience will be key.