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All Forum Posts by: Asa Ifill

Asa Ifill has started 14 posts and replied 98 times.

Post: New investor in Huntsville

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

Tucker, 

First, congrats on taking the plunge in real estate investing! I am also investing into real estate. 

Since you are just getting started I would plan to read as much as you can about it and gain all of the knowledge you can, along with picking which market best first your skills/needs. I know several people who started getting into real estate investing by "Wholesaling" which is selling a contract of a property to a cash-buyer. 

The single-family market in Huntsville is do-able in my opinion because there are several homes in the city that can be bought at the right price to cash-flow. The multi-family market (Duplex or higher) is a bit strenuous due to the high-price of these properties and how competitive the market is. 

I like to focus on buy & hold properties to build my cash-flow and to gain passive income.

I also listened to the "BRRRR" audio-book by David Greene, he focuses on buy and hold properties as well. This book is a great start if you'd like to get into the buy & hold market, he basically talks about every step needed to obtain financial freedom with buy & hold properties.

Also, you can hit up the local REI meetings here in Huntsville. I know the Madison County Real Estate Investors Association meets every first Thursday of the month. This would be a great start for you to get familiar with people who are swimming in the same direction as you, if you know what I mean along with a great opportunity to network.

I love to talk about real estate and can do it all day. If you feel the need to ask any questions don't hesitate to shoot me a DM! 

Good luck with your investing endeavors and I wish you the best!

Post: Newbie from Huntsville, Alabama

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

@Shelby Ashley

Almost forgot...ROLL TIDE!

Post: Newbie from Huntsville, Alabama

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

@Shelby Ashley

Shelby, first of all congrats on taking the plunge in REI! I'm also living in Huntsville, AL and doing some real estate investing myself! I have attended several REIA meetups around town and put several offers on properties but have had no luck due to how competitive the market is!

I am also looking to reach financial freedom, but within the next 3 years!

Have you started to build your team or visit any of the REIA's in town?

I’m passionate about finding a way to financial freedom as well, and real estate investing is the way! I can talk about real estate investing all day so please shoot me a message if you have anything on your mind about it or would just like to talk real estate.

Looking forward to speaking soon!

Post: Looking for 100k properties

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35
Originally posted by @Will Clark:

@Robert Perez Alabama has a pretty strong rental market with cheap houses. I’ve recently expanded my wholesaling business there in addition to Nashville (which does not have 100k houses). Tuscaloosa and Birmingham cash flow well, and Huntsville is appreciating with new jobs and the expansion of the NASA hub there.

You are correct! Huntsville is about to BOOM within the next 5-10 years. 

Will, do you have any properties in Huntsville or near it that you are looking to wholesale? 

Post: Home style Renovation Loan

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

@Sara Blouin Hello! I know there is a FHA 203k loan that you could be eligible for. Some banks will offer you the price of the home along with the rehab with just 3 or 3.5% down, and the only this is you'll have to "live in the property for a year" which you'll be doing anyway since you want to house-hack.

I think it’s a great strategy. I’m looking for my first deal now where I can house hack the property.

Post: New Investor from Birmingham, Alabama

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

Motivated real estate investor in the heart of Huntsville, Alabama with feet on the ground! 

Message me if you'd like to talk business! I can help with almost anything, and if I can't I will find someone who will!

Post: Should you buy a rental property with cash?

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

@Payton Reid Try to use your leverage, it’s best! The tenants will be paying off your mortgage ultimately!

Post: Best area in Huntsville for Multi-Family

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35
Originally posted by @James Gates:
Originally posted by @Tony Robinson:

Adding @James Gates to this thread as he has a few rentals in that market! 

Hey Tony, thanks for the mention on the thread!


My partners and I own some rental in Huntsville, and I will be in town the weekend before Thanksgiving to check on a few projects, if you are in town we need to grab a beer! We don't focus too much on multifamily but I would love to help in any way that I can.

Cheers!

-James

 James, if you have time on your business trip to Huntsville i'd love to grab a beer and talk some real estate. 

Post: Investor Meet Up in Huntsville?

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

Sounds good!

Asa

Post: Investor Meet Up in Huntsville?

Asa IfillPosted
  • Real Estate Agent
  • Huntsville, AL
  • Posts 128
  • Votes 35

Sheila, you are correct about the MFH market in Huntsville, it is all being bought slowly but surely. Huntsville is about to POP within the next 3-5 years due to all of the jobs/families that are coming. 

I have been living in Huntsville since 2004 and have seen all of the numerous changes we are making to improve our city, we are growing fast and it's crazy!

There are several good zip codes to check in Huntsville for MFH's, here a few that I think are hot: 35801, 35816 and 35805. 

Maybe we can grab that coffee upon your arrival in Huntsville, safe travels!