All Forum Posts by: Creig Leu

I'm sorry Ron but I have to ask. Are you a big anchorman fan? I would recommend putting up a profile picture. Like Aaron said though. If you start looking in Fort Wayne let me know. I'd be more than happy to help!

I am currently investing in Fort Wayne as well. If you would like to meet up sometime and dive a little deeper into the numbers I'd be more than happy to help

If I were you I would start with the podcasts and books here at BP. That's what I have done and it has been a huge help on my first few deals. Let me know when you get to Fort Wayne and we can meet up sometime 

Thanks for the input guys

@Peter Fennig 46805

I am looking at buying a 4 plex in fort wayne, IN. I have a pretty good feel for the numbers but with this being my first multi family I was wondering if anyone had some insight as to how much turnover I can expect with 1 bedroom apts. I am currently figuring in vacancy at 8% which assumes about 3 months a year. just wondering if anyone had any stories or advice for a starter. 

also any other things I should think about when considering 1 bedroom apts. 

Thanks!

fort Wayne's market has been hot all year. If you are looking for something more on the turn key side of things I think drew is right on the money. That being said there is some upportunity to find some value add properties that could push those higher caps. Just takes some hustle and networking. If you jump on LoopNet their is like 3-4 larger Multies that can give you an idea of what the on market options look like. 

I hope I could help. I personally have only done a few deals but I am pretty familiar with the market has a whole. 

Fort Wayne has awesome market opportunity. You should get in contact with Jeremy Tillotson if Fort Wayne interests you at all

As long as it will cash flow so whatever you can to make it happen

In my opinion doing that makes sense if you're "saving" part of the commission on your end. I believe it will be semi easy to find someone to let you hang your license. Ideally you will ask local company's this question though. You may be surprised with what you find out.