All Forum Posts by: Eddie L.

Investment Info:

Single-family residence buy & hold investment located in Indianapolis, IN 46234.

Purchase price: $99,000

Purchased through Roofstock.com. Updates coming soon.

How did you find this deal and how did you negotiate it?

Roofstock.com

How did you finance this deal?

20% down and financing the rest.

@Jason G. May I ask if you (and your girlfriend) put down 20-25% of your own money each time for down payment? Or did you somehow refinance an older property to fund the next house down payment?

Sorry to hijack the thread but any opinions on Roebuck Springs area?

Hi @Jason G. can I ask which property management company you use? I did a quick Yelp search and a couple Roofstock partners (Excalibur and Atlantic) and they had terrible reviews. Not sure if it's from renters or landlords but tough to see.

Hi Jason, great review and updates! Can you give your input on sorting out initial properties that work on Roofstock.  

What I’m doing is narrowing my areas to cities I think have potential (i.e. San Antonio). I then drag the down payment to 20% and see if the property still cash flows according to Roofstock numbers.

Last step is to do my own research in the area and make sure the current/projected rents are accurate along with the other numbers.

If it still cash flows a couple hundred a month, would that be considered a winner?

I guess my main question is, how do you narrow down the properties (once you choose a region such as ATL for yourself) enough to consider making an offer.

To be honest, so many houses look profitable on the website but I didn’t get too deep into verifying rents, etc.

Thanks everyone for your input.  @Arlen Chou I am not too familiar with the area at all and plan to make the short drive over one weekend to see myself. One area that bothers me is the school district low ratings. One item I took away from Real Estate book was to find awesome tenants. 

I will keep my research going.

Hello All,

New to the forum and started researching some options in SF Bay Area. Oakland intrigues me since it is so close to SF and I know friends who live in West and North Oakland and commute to SF for work. East Oakland has always been rough but I feel prices are climbing. 

I was looking for properties that can cash flow even $100-$200/unit per month as I'm in this for the long haul. I believe all cities bordering San Francisco will hold value and has a decent chance of appreciation. If anyone has experience with East Oakland rental properties and the city in general, please share. (Pro's and Con's). BTW, we are looking for older properties with needs and plan to do the renovations ourselves (new flooring, new paint, etc).

Here are a couple properties I've been eyeing (now pending!)

https://www.zillow.com/savedhomes/for_sale/2478943...

https://www.zillow.com/savedhomes/for_sale/2479858...

For what it's worth, my parents are suggesting I save a bit more and look into other neighboring areas like San Leandro.