All Forum Posts by: Alex Talcott

I am looking at investing in Hartford CT. I was hoping that the community could share some light on the area etc? I was looking to connect with other investors PM, agents etc. Thank you!

Open to investing there through my Opportunity Funds of New England if you’re able to bird-dog deals.

3 Votes

Hartford, Connecticut

Quote from @Jared Luhman:

Last fall my wife and I purchased our first rental in Red Wing, MN. There seem to be a shortage of houses for sale and rent and it rented quickly with no trouble. We are looking to continue to buy buy it seems like they are difficult to find and expensive to a point that the cash flow is tight.

Alternatively, I have looked at Albert Lea, MN where there is an abundance of houses available but have been told by some the market is dying, or is a tougher neighborhood. But. 3 bed 1 bath house in red wing that I can rent for $1300 goes for $175,000+ and in Albert Lea I can get the same house that can rent for around $1000 for under $100,000. Does anybody have information on the Albert Lea market, or thoughts on which direction it makes sense to go?

Depending on your goals, those aren’t good fits for a compelling cash-flowing investment, without even factoring in relatively challenging property taxes or climate (even if you’re used to it!). Often easier to make more money on rental investments away from the wonderful places where many of us are fortunate own homes.

0 Votes

Quote from @Kevin Murphy:

Welcome Amy. My name is Kevin. I to am new to this community and wanted to reach out. I live in Boston but am interested in potential investments such BRRR's or flips in VT and am hoping to establish connections.

Best of luck.

I have thoughts (and experience) on favorable BRRR'able VT markets.

0 Votes

Quote from @Amy Thompson:

Hi Everyone!

My name is Amy Thompson. I'm a Realtor in Lamoille County Vermont and have been interested in investing for some time, but do not currently own any properties other than my own home. I just discovered the Bigger Pockets forum about 6 weeks ago and now I'm totally addicted! Lol

I'm really hoping to connect with folks on here to learn more and hopefully purchase my first investment property over the next year.

Excited to start this journey with all of you! :)

NH guy actively investing in VT

Always glad to find new New Englanders in the space

0 Votes

Quote from @Jeremy Kloter:

Hey, as Rick said... we're happy to chat! PM me.

Jeremy — me too

0 Votes

Tampa, Florida

Quote from @Gregory Paielli:

Hi Gabe,

I would love to connect with you! Our company is a Property Management firm servicing the greater Tampa area. Please message me if you would like more information. I would be happy to help!

Kimberly — I’ll be in Vegas later this month and Tampa as soon as next week. I’d also be interested in chatting on your services.

0 Votes

Tampa, Florida

Quote from @Sevak Gasparian:

HI all, I just got my first out state property under contract from a wholesalers in Dayton Ohio but i'm unsure about my ARV. There are no recent comps, my plan is to buy and hold. If anyone in the area or surrounding area is experienced i'd love to pick your brain and see if we get to the same conclusion.

I'm a R.E investor in CA and a wealth manager so if i in return can help add value to anything please let me know i'm happy to help where i can.

Is your goal in determining a likely ARV any or several of these, or something else?

(a) filling out a financing application accurately/in good faith

(b) maximizing loan amount to buy and rehab

(d) putting together a a business plan for peace of mind, or to show prospective buy-in joint venturer(s)

I’ve given Dayton, Cincy, NKY some attention.

0 Votes

Dayton, Ohio

Quote from @Brad Jacobson:

Hey BP Team,

I have a client who's currently under contract on multiple properties (all great deals) but is getting into a position where his down payments funds are getting exhausted as he builds his portfolio.

Ideally, he'd prefer to not bring in a capital partner though we believe that would be the easiest solution. We've also tried seller financing and unfortunately it's not available here. We don't believe hard money would fund a down payment as the hard money lender could only take second position and the down payment has to be sourced properly.

What are other creative ways you've found to fund a down payment for traditional financing?

I definitely have some moves here.

“Don’t] change the game for these folks
Who plays the game like we supposed”
—Jay-Z

0 Votes

Ogden, Utah

Quote from @Daniel Umstead:

Greetings All,

I heard on the SOU address (no politics, just making a reference) about the investment into Intel in New Albany, OH market and how the facilities will be built by 2025. This is a combination of what I read on WSJ and research. Making this quick as I would love to connect with others regarding the subject especially if you are in the Columbus, OH market. Would love to chat on whichever side interested to hearing what both sides mention, also provided an article that lead me to this great insight. Looking forward to connecting!

Best,
Daniel

I have a trusted partner expanding operations from Indiana markets to Columbus OH. I’ve been out there as well on business and am interested.

2 Votes

Columbus, Ohio

Quote from @Christina Merlo:

Hello, I am needing a bit of guidance for my first commercial investment property. I've been investing in residential for about a year and a half now. I also own a gym and have been looking for a new building. I finally found one that I would like to purchase and essentially lease back to my gym to use. The lender I contacted is requiring a 15-20% down payment. I went into this investment knowing that I would need to put some money down but wondering if anyone knows some loan packages that might require less money down, or some creative ways to come up with such a big down payment. The building is $575,000 and even if I refinance or heloc my current house I can't come up with the $100k-120k for a down payment. Is this a nonstarter? Should I walk away. I don't know how people get into commercial without having hundreds of thousands in the bank?

Thank you for your help.

That’s on the lower side for a bank or seller-requested down payment.

I’m looking at a Tulsa deal (on paper) today and am planning to be out there summer.

0 Votes

Tulsa, Oklahoma

All Forum Posts by: Alex Talcott

Alex Talcott has started 8 posts and replied 282 times.

Post: Real Estate Investing Hartford

Post: Which market to invest in?

Post: New Member from Vermont

Post: New Member from Vermont

Post: Property Management in Tampa

Post: Property Management in Tampa

Post: lack of comps for ARV

Post: Creative Ideas for Down Payment

Post: Intel is growing in Columbus, OH

Post: Commercial Real Estate Newbie