All Forum Posts by: Melissa Mullane

Thanks again Andrew Dunham this is all great information.

Thank you John Welty I'll be sure to listen to that podcast!

Thanks Andrew. Our biggest concern is possible electrical/plumbing/sewer issues with these older homes. Have you run into this issue at all? Is this something the inspector can look at or are these issues normally hidden? I know a lot of these century old homes have poor water/sewer lines and can be a money pit once problems start. We have a few older houses we're eyeing but this is what's making us hesitate. 

In your experience, what are the best areas/neighborhoods to invest in for positive cash flow? I really appreciate your valuable input as a more experienced investor in this area! 

Andrew Dunham thanks for your reply. This is great information! I'm still quite leery of investing in that area 1) because almost all the houses are century old homes and the possible underlying issues scare me. 2) just the neighborhood itself. But I also see huge potential..especially if it gets cleaned up and who knows, someday it could become a desired area again and prices could increase dramatically. Especially with a lot of it being a historical area. There's a lot to think about and you've got my wheels spinning. Thanks again!

Has anyone had success investing/renting out SFR in the Wellington Heights neighborhood in Cedar Rapids? We are just getting started in REI and there could potentially be some good deals on the housing in this area, although the neighborhood is sub-par but slowly improving I believe. Thanks for any input. 

My husband and I are brand new to REI and we're looking for our first single family rental property in the Cedar Rapids, Iowa area. Anyone familiar with our market that has tips and/or advice, we'd love to hear from you! We're in the process of building our team so if you know of any good GCs, attorneys, etc. feel free to share. Thanks in advance!