All Forum Posts by: Michael Ndjondo makadi

@Bart H., thx very much for your advice and shared story. I'm gonna definitely check out those areas and see if they can offer me what I'm looking for. The fact that I'll be investing out of state will make it hard for me to do any rehab unless I can find a local trustworthy partner. I know people in the city, but  I'll spend some time to see if we share the same ambition prior to forming any partnership. 

@Diego Diaz, I am leaning towards the Wichita market as well due to the same reason. My only concern was about small MF availability in the city. I guess I just need to make sure that I have a hungry realtor who knows the market in and out and does understand me as an investor. Any recommendations?

@Jonathan R., thx for your reply and the suggestion. I'll connect with @Jared Viernes and see if we are on the same page. When it comes to investments,  I am always serious and RE caught my eyes in terms of tremendous possibilities that it offers.

@Bart H., thx for your reply and what do you think is the best moment (month) to get started? Is there a specific area in Dallas that you would recommend me to consider? What is the average ROI in Dallas? What about small multifamily availabilities?

@Anthony Gayden, thx for your reply. Eventually cash flow is one of the priorities as I'm looking for a ROI of 15-20%. Other determining factors are property availabilities that would allow me to scale easily , low vacancy rate and overall economy health of the city.

@Jonathan R., thanks for your reply. I am looking for a fourplex max  at the moment. From your experience though, do you think it is easy to find small multifamily in Wichita? So far from sites like Zillow and others, I have not seen  many options. What area in Wichita would you recommend for C+/B-/B properties. 

Hello BP world. I am super excited after 5 months of reading and research, it is now time for me to get my hands dirty.

I am looking for advices from experienced buying and holding investors in the Midwest market. I live in SD and as everyone might know, it does not offer much for buying and holding strategy. Thus I'm turning my focus into these three specific cities: Wichita KS, Dallas and Austin.

The main reason why I have chosen those three is that I have spent quite some time in these three area and have some knowledge and possible partners.

I am trying to get a property under contract by the end of November and was wondering which city would be a best bet for a starter among those three. Keeping in mind that, even though I am starting small as I want to take my time to master the game before buying more properties.  I want to get a small multifamily and go from there. Wichita obviously offers lower buying prices and some nice cash flow but I am not so sure about the scarcity of rental properties there as there is no much population growth there. Texas does offer a strong population growth, higher rents but with that comes higher buying prices.

I am really looking forward for your advices as I really want to start by focusing on only one city at the moment and get a team together there.

I can offer more details if needed and will gladly answer any questions.