All Forum Posts by: Mark Albini

Lindi with Archer is my go-to. Especially for properties needing severe rehab. I got denied by literally everyone due to the property's condition on one of my flips. She came in clutch and forever has my business

@Vinnia Tjhin thanks Vinnia!!

@Jake Pence I am an agent here in Evansville. My main clientele is SFH/Duplex investors and OOS.

I'd be more than happy to discuss your goals and help you every step of the way. I do my best to make it as stress free as possible to go from funding/buying to collecting a rental check.

Let me know if I can be of assistance.

Pretty good. I pay about $80 a month for SFHs under $100k. Biggest question, does the profit make sense for you?

Minimum COC ROI is 10% for me. If it was less, I'd throw it into an IRA. 10% should be easily achievable if not dwarfed by higher numbers in most markets. In my market, I can generally find 15-18% ROI with on market listings

Hello, and welcome to the investment community. I highly recommend investing out of state, and it's not hard with $100k in certain markets. Even with PM fees, you should strive for a minimum of 10% ROI but shoot for higher. (I have some producing much much higher) Even some on market listings right now allow for 18-20% ROI. You may want to look into Indiana. That's where I'm at, I've become a licensed agent here and have built up my portfolio way faster than I thought. All with investing very little money as I look for rentals in the $80k and under price range.

@Allan Pilapil buy out of state. It's too hard in California. I've tried it and did 2 houses in Oceanside. And after spending over $150k just on down payments, I was tired if it.

I've helped many people from California, including some on this forum, invest in Evansville Indiana. I personally have long term rentals netting 10-45% ROI on SFHs. Median in most of Evansville is $145k, while I try to stick at 80k and under. 20% on 80k for down payment is much nicer than CA.

I'm a licensed Realtor here, if you have any questions about the area, I'd be more than happy to answer them.

@Davit Gharibyan I would go in with comps of older styled multifamilies in the area. Or if there are only remodeled one. I would come in and say "here's the comps for fully remodeled ones, now being that nothing is wrong, just dated, my offer is x amount less"

Don't pay full price for it unless the deal is super sweet. How long will it take you to get your money back, etc.

@Lewis Thompsoni use Graco Magnum project painter plus. It's about $209 at most stores and supports 50 gallons a year.

I only spray for interior paint. Not interior.

No issues with cheap thin paint or expensive thick paint.

@Davit Gharibyan

This is a very good mindset that new investors typically do not have.

Yes, factor that into the cost, but you're correct in thinking that they still have a value.

I run into it all the time (realtor) where client thinks because they spent $10k remodeling the house is worth $10k more. Unfortunately, it is not, because the older "stuff" still has a value.

When sending over your offer it's better to justify with comps and reasoning due to condition.

@Minyan He Hello Minyan! I am happy you are getting excited. REI is my favorite path to financial freedom!

I used to live and invest in southern California. But, as you know, the prices are through the roof and coming up with a 20% down payment there is sickening!

I have moved and invested in Evansville, Indiana. I work with many OOS investors and have helped them start their rental empire out here.

We are a city of 118k people across about 50 sq miles. The market I stick in is the 14k-75k rental market. ROI is on average 20-30% annual. And 20% here is less than Ive spent on a used car...

I'd love to talk to you more about Midwest investing if you want.

Good luck on your journey!