All Forum Posts by: Annette Barnett

Marshall Reddick and Realworth provide a lot of great education for beginners and will even set you up with a free mentor. Marshall Reddick advised me to buy a house in Austin in 2006 for $153,000!  Even though it's been a lot of years, I'm now selling for $430,000.  It's probably easiest to start investing in the midwest, Ohio, Indiana, Michigan.  Prices are lowest there and cash flow is usually the best there as well.  

 Appreciate the feedback.  

 Thank you for taking the time to respond.  

That title should say - get hooked up with multiple commercial property brokers/agents?

There are several cities I'm looking into for a multi-family properties.  Should I be starting conversations with commercial agents in these different cities?  And let them know I'm looking in different cities?  Or are they only willing to work with you if you're dedicated to a city?  How  have other investors done this when they're not set on a particular city, but really looking for the right deal?  

 Oh thank you, in-house overlay, that makes a lot of sense . .

You will often run into the appreciation vs. cashflow dance.  Sometimes you can find a nice blend of both, but often more of one than the other.  Properties that show high cap rates/cash flow (on loopnet fyi) will often be older and in lower income areas, which can sometimes mean more labor/repairs/costs and more tenant issues.

For good cities to invest in that are strong, stable and have a good outlook, look for tech cities, lots of young people moving to them, population growth, sister cities (near an overpriced area) job growth, diverse economies, little to know natural disasters, good price to rent ratio (try smartasset.com), meaning good rent for the price of the home.  You also need to find a city that's affordable enough for you.  Try looking at marshall reddick and real worth network.  Cities I've heard of that are strong and good potential for continued appreciation are (in my opinion), Boise, Salt Lake City, Phoenix, San Antonio, Dallas, Nashville, Orlando, Raleigh, Charlotte, Columbus - Ohio, Atlanta, Indianapolis

Hey community,

I spoke to a lender yesterday and didn't totally understand what he meant.   He asked me what I currently own, which is a single family home, a duplex and a condo.  He said something about not being able to qualify for a multi-family loan because I don't already own a property with 5 or more units?  and that I would only be able to qualify for a property within 100 miles of my current residence?  Confused and don't totally understand this.  Would love your help.  

 This is a 1031 exchange, not a cash out ..