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All Forum Posts by: Colton Hahn

Colton Hahn has started 5 posts and replied 313 times.

Post: Investing in Fort Wayne

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Hey Kyle,

Wise choice to invest in that region, our investments there have done very well. We have seen some great returns and the analytics point to continued growth in the multifamily space in that area. Best of luck!

Post: Are you keeping up with the market?

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Hey Nathan, it is a great time to be a landlord. We have seen similar rent growth in northern Indiana as well. In some places (Ft. Wayne for example) we are seeing 11%+  increases in rent. Keeping up with the latest trends like this helps prevent income loss thats for sure. 

Post: Single Family vs Multifamily

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Single family is going to give you a much easier time getting your feet wet with how to manage tenants and a property itself. Multifamily can be a monster for some investors and I would only recommend those that are at least slightly experienced to dabble in that space. Not only that but it is easier to acquire single family properties, from a purely finance side of things.

I think it only makes sense to start from square 1, rather than square 10. Then work your way to that point. 

Gotta walk before you run!

Post: 2 Properties Down- Where to go from here?

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

I will echo the other commenters, I think the goal of doubling is ambitious and something that is not easy to do.

I find that investors I talk with miscalculate how much time and effort it is to scale like you are talking about without carefully planning, and deliberately expanding logically. I think moving to the multifamily space makes sense eventually, just be sure to not take up too much of your broadband. Congrats on your success and best of luck continuing it!

Post: Looking to connect northern Indiana

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Hey Mauricio, we have an investment property in that area (Ft. Wayne) and it's a great region to get involved in. More and more people are going to that area and the analysis shows its getting hotter, for example 11.1% rent growth in 2021 alone!

Good luck to you in your RE career :)

Hey Noelle,
That is a great problem to have. I personally think if you have the ability to, investing passively in real estate is a great way to offload some capital. It sounds like this might be you, but for me at some point I do not want to have to deal with the every day stress of it all.

This means investing in things like syndications, for example, that have an investment philosophy that you agree with.

Post: Heloc or Cash out refinance

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Hey Kris,

The biggest difference between the two is a HELOC is borrowed as you go as opposed to a Cash Out Refinance which is all at once. I would reach out to your current lender and inquire about either one. For example I worked for a not-for-profit that did cash-out refinancing and did not do HELOCS.

Post: Kentucky Named a Top 3 Landlord State By BP

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

I believe it, the midwest as a whole is an area that has increasing interest for REI. Louisville is a great area to get your feet wet in I would imagine :)

Post: Most underrated Indy neighborhoods?

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

I would definitely keep my eye on the west side of the city. The other areas like the east side and some parts of Fountain Square are already being restored. West side is an area that would be next up after those areas in my opinion

Post: QUESTION? REFI OR NOT TO REFI PRIMARY RESIDENCE

Colton HahnPosted
  • Specialist
  • Posts 322
  • Votes 274

Hey Eldridge,

I think refinancing to take out cash can be a very powerful tool to buy other properties. There is obviously risk involved and your thinking can be correct. It all depends on the interest rate you are refinancing into and your risk tolerance, if you have currently a 3.0% and you refinance to a 3.5% may work out. An increase to lets say 4.5% may be too much for some peoples risk tolerance.

As always, do your due diligence on the property you are acquiring, and ensure the increase in interest rate is not going to be too high.