All Forum Posts by: Carl Cisler

@Jenna Herr

I live in Rural Iowa and have a fair amount of rentals here. Earlier in my life bought cheap house for cash flow. It worked out but here are a couple of things to consider.

A 20 k house cost about as much for a new roof, HVAC and service call as a 100 k in a bigger area. Rent will be much less. We do have some low price rentals but that is from my early purchases. If I was purchasing from outside my area I would want something more stable than a 20 k house. I’m my market that would be a 50 to 75 k house.

Saying all of this many of my newer purchases have been in another state in a larger populated area.

Regardless which ever way you go good luck and know you are on the right track real estate cash flow investing is the way to go.

@Ross Bauer

Ross I invest in Centerville Iowa. I think you will find amazing cash flow in small towns but not much on appreciate. If you need anything let me know.

Phil. That is correct. You will need to have your salesperson license under a broker for 2 years. Then you can take and pass brokers test and then get your brokers licenses. Good luck!!!

Mitch I'm from Southern Iowa interested is DM market could I get on the list for meetings Thanks Carl

Zach. Thanks for your post. The units are full. It was a property that was built by tax credits. They have 2.7 million on the books it is on the market for around 700,000 With a cap a little over 8. Because all the units have to be rented to 60 percent of median income or less it does cap rent increases. I would like to find someone that is well versed in these type of properties. Thank you

I have interest in a 40 unit LIHTC apartment complexes. It was built in 1999 and is past the initial 15 year period. The agreement they have in place is Low Income- all 40 units must rent to tenants with income 60 percent or low of median income. Because of this rents are low $400 for 3 bedroom and $350 for 2 bedroom. The cap rate is 8.2. What is the plus and minus on buying section 42 properties. Thanks in advance for your help.

I own a real estate company in Southern Iowa.   My wife Lynette and I have invested for years in real estate for passive income in the future.  I like Bigger Pockets to help me learn more and to get brushed up on what I do know.  Bigger Pockets is a wealth of information.