All Forum Posts by: Logan Francavilla

 Hi Bob,

Thank you for your feedback. The Cleveland market is also on my radar, and I see there has been both job growth and appreciation in the past, but the only thing that makes me nervous is the level of population decrease. Cleveland has the largest amount of outbound migration out of all the cities I’ve researched. I know it will still appreciate but just doesn’t seem to be at the levels of some of these other markets. But Cleveland is definitely still on my list and will continue to research. Would love to hear what some other people have to say on this subject as well. 

Anyone out there currently invested in Indianapolis Indiana?

Would love to connect and ask you a few questions about your experience! Reach out and let's connect!

I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:

Columbus OH

Memphis TN

Indianapolis IN

Kansas City MO

Oklahoma City OK

Anyone have any feedback on these different markets? Do you see a good balance of cash flow and appreciation coming from these various cities? Any insight would be greatly appreciated!

I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:

Columbus OH

Memphis TN 

Indianapolis IN 

Kansas City MO

Oklahoma City OK

Anyone have any feedback on these different markets? Do you see a good balance of cash flow and appreciation coming from these various cities? Any insight would be greatly appreciated!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $695,000
Cash invested: $35,000

Currently house hacking this property.

What made you interested in investing in this type of deal?

Did not want to pay rent so bought a single family home and rent out the room to keep my own personal mortgage at a minimum.

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

On the MLS and represented myself and negotiated $9,000 back in credits during escrow.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Removed walls, painted, and redid all the floors.

What was the outcome?

Great so far! Keeping my mortgage low and have a place I can call home.

Lessons learned? Challenges?

It might be scary at first but you just have to go for it! There were a few unexpected repairs that needed to be made but nothing that Youtube couldn't help us out with!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes I represented myself on this deal and used Cross Country Mortgage as my lender. Would recommend them great service!