All Forum Posts by: Jake Snavely

Hey Scott! I am an investor here in Huntsville. I would love to get connected with you on your wholesale deals. 

@Ben Van Gaasbeek

Do you have any agents you can recommend in Chattanooga? I actively invest in Huntsville, AL, but would like to connect with someone up there that has a good reputation. Thank you.

@Dennis M. Thank you sir!

@Dennis M. @James Allen @Peter McDonough Thank you guys for your feedback! I truly appreciate it. After taking your advice (which is what my gut was already telling me) and further analyzing the numbers I realIzed that even though I really WANTED it, as a business decision I decided against it. Thanks!

Hi all! I’d love to hear your advice on this. I have a 4plex under contract in Decatur, Alabama. Decent area, built in 1984, roofs and HVACs 8 years old, property is more or less turnkey. Under contract at $129,000 - not necessarily a below-market deal but there’s maybe $7,000-$10,000 of market value equity there at this purchase price. However I’m looking at this as more of a buy and hold cashflow turnkey strategy. All 4 units are 2/1, and current rent for $470, $470, $470 and $500. Neighboring identical 4-unit buildings are leasing for $550-$650/mo so there’s a good chance I can slowly raise rents. 25% down conventional financing. PITI $873/month. 10% property management. After PITI and mgmt cashflow is $846/mo. Taking into account capEx, maintence and vacancy I’m looking at worst case scenario net monthy cashflow at half that, which is $423/month. Let me know your thoughts! I truly appreciate it !

Hi everyone! I was wondering if anyone could refer me to any good contractors in the Hartselle, AL area? Perhaps contractors in the greater north Alabama area (Huntsville/Decatur) that would be willing to work in Hartselle. I just put a house under contract that needs some cosmetic work, but more importantly some potential foundation work. Thank you!

Hi! Does anyone have any experience in investing in Athens, AL? I just put a property under contract that I am very excited about, and I would like to hear from some investors as to their thoughts on the town, experiences, areas/neighborhoods that one may or may not want to invest in, potential growth, etc. Thank you!

Hi! Does anyone here have any good referrals for hard money/private money lenders who work in the North Alabama market? I’ve called some outfits like Finance of America, Groundfloor, and LendTerra, all seem legit, but I’d like to hear from some people who have actually used private money in this area, what their experience was like, etc. Thank you!

@Michael S. @Lance Lvovsky @Carl Fischer Thank you for your replies! Truly appreciated.

Hi! I wanted to get some opinions from fellow real estate investors in Alabama, primarily from those who have or plan to have many rental property holds. Also I’d love to hear some advice from tax professionals or attorneys. Is it better to purchase these Buy and hold rental investments in a trust, LLC, or corporation? Also I heard about a series LLC? Obviously I am worried about the tax implications but most importantly the liability. Researching this online there is so much conflicting info. Thank you in advance!