All Forum Posts by: David Iniguez

@David Iniguez Poughkeepsie and Newbugh, NY. Just a quick respond to your question. Look into them and get back to me if you are interested.

We invest here in Saint Louis, and have really enjoyed the market as a whole.  Firstly, the midwest is great for positive cashflow, as most of our properties we purchase for under 75k, and most are rented out near 1k a month.  Some of my deals meet the 2% rule, where the rent/purchase price + repairs = 2%.  For example, we bought a house for 36k, put 9k into it, and are renting it for $945 a month. 

There is growth happening all over the place here and jobs have been steadily rising, increasing the demand and shortening the supply.  This is great for us as landlords.

Anyone looking to invest in and or partner on deals in Saint Louis, should reach out to me

@David Iniguez Off the top of my head, I'd recommend 53214, 53204. 53209 and 53216. Keep in mind Milwaukee is a diverse city and can change from block to block so zip codes are only so useful. 

Currently on my out-of-state watch list for long term investing:  Oklahoma City, Tulsa, and pretty areas of New Mexico.  

@David Iniguez You're looking for positive (upward) trends for employment plus in what sectors. For instance, steady growth in tech oriented jobs bring higher wage positions, while manufacturing growth may be an expansion of more moderate income growth. Depending on the type of real estate you are pursing, you need to understand if there is a higher percentage of renters or buyers entering/leaving a market place. Of course, RE inventory answers some of these questions as well. Commercial oriented investments use the same data to know what type of uses are needed, services to be provided than may or may not already exist, and understand where gaps may be that could be filled with new supply.

@David Iniguez Is your goal primarily cash flow, or are you also looking for the possibility of  long term appreciation?

I'm originally from SoCal myself, but moved to Wisconsin a couple years ago. I saw Milwaukee posted earlier, which is definitely a good option. I've bought a couple places there and would be happy to answer any questions you might have and help get you connected to local investors. 

I'll also suggest the Janesville and Beloit area which is in southern Wisconsin. They are smaller, but the cash flow is pretty good. There has also been a lot of redevelopment going on, including a new facility from Amazon. @Garrett Davis and @Calvin Ozanick would be good to connect with if you want to  learn more about this area. 

@David Iniguez Employment controls growth for all areas. If jobs are being created in MULTIPLE industries, not just one or by one employer, the rest of the local economy reaps the benefits creating overall growth. Do your homework by tracking census data, jobs reports, and trends related to a 1,3,5, and 10 year intervals to see if a market is truly growing or not. Getting individual investors or members thoughts on a specific community is fine AFTER you have spent the time filtering the employment and growth data, but don't start with that. All you are getting is opinion without much if any actual research and data to support the opinions. If you liken it to stocks, I doubt you'd invest serious cash in a company simply because someone else said it was a "hot stock", you'd do you research to determine WHY it was a hot stock. Good luck.