All Forum Posts by: Oren Kachel

@Oren Kachel Are you looking for appreciation or cashflow?  If you are looking for "up and coming" Baxter neighborhood is one of the lowest cost in the city (therefore great cashflow) and is surrounded by full-force, high-end gentrification on 3 sides.  It is lower income and has some crime, but it is only a matter of time before it gentrifies.  Wealthy Street is currently a huge cultural and economic dividing line, but that will not last forever.

Also - keep an eye on where CopperBay (you can Google) is building new rental homes.  They have big money and are building cookie-cutter brand new rental homes across the city.  If they think the area is good enough to invest in building a brand new rental, it is good enough for me.

Hi Mason! I am from Cedar Rapids, but I live out of state. However, I invest in Cedar Rapids.

I currently have 4 SFH rentals and put in a offer for a fix and flip and waiting to hear back about that.

The market is super hot right now, houses being sold for asking price (or more), unseen, and within a couple of days if not hours! Too many buyers, not enough sellers. 

So with that being said, you need to figure out what your 1)budget is 2) how you want your properties (turn key to fill immediately or doing the BRRRR strategy) 3) finding a good team (realtor, property manager if your going that route, contractor for BRRR's, etc) 4) are you creating a business to do this or just personal, if business, all the other paperwork that follows.

Once you have that in place, (and you might not have it all lined up, that’s ok too) but if your looking to buy right now, if you like a house, you need to pull the trigger quick and commit. It’s a bumpy but fun ride, promise! 

Feel free to reach out to me, I’m still “new”, been doing this since 2019, however I’ve gone through some growing pains too! 

***Not sure how the other markets are within Iowa, but I know it’s a sellers market so I’m assuming it’s the same all around. 

Hey Chelsea!

who r u using as a contractor?

@Oren Kachel I continue to look for opportunities in the Huntsville and Madison County area, but am open to other areas as well. Competition is high in the Huntsville--everyone is looking to get into the market and you have to be a little more creative in setting up deals.  BTW, I see you're from Israel.  I've been to your country quite a bit and have friends in the Herzliya area.  I need to get back and visit.

Shawn