All Forum Posts by: Account Closed

@Casity Kao Thank you! All the information can at times be overwhelming. I feel like I'm all over the place right now. I know I just have to get started and learn as I go, but the fear of the unknown is very scary. I just feel like I can't afford to mess up.  

Hello @Natalia Barriuso. Wow... that property you almost bought on hubzu.com, I'm glad you dodged that bullet! Thanks so much for the example, def an eye opener for me because things can look good on paper/advertisement until you do some digging. 

I have been looking in the Indiana market since last year when self-educating myself. Then I started looking into other areas of Indiana, like Beech Grove and surrounding cities. I also like the prop tax there, way low compare to CA where I live. 

If you don't mind me asking, is this the first property you're purchasing in Indiana? If so, are you currently paying the property management company who's helping you out, or they are just pretty much helping you out for now, building relationship, because when you find the property they can ensure they will have you as a client? 

@Curt Davis Ah, thanks so much for the advice. This is why I am back and forth trying to decide between multifamily and SFH. I was almost certain about purchasing multifamily, but I can see why you would recommend SFH. Thanks again!

@Caleb Heimsoth that's great! May I ask how you're financing them?

@Caleb Heimsoth I def agree with you about SFH.

In your early 20's and already investing, huh? That's awesome! I wish I would have started sooner. I def need to up my game. How many props do you have total now?

@Brian Garlington Oh nice! How many properties do you have now all together? Did you ever use a turnkey company starting out, or you bought them yourself and just use property management companies? 

@Caleb Heimsoth Is there a reason you don't, or haven't, invested in multifamilies?

The once in Memphis and Cleveland, are they multi families or single family homes? 

Thank you @James Wise  :-) 

@Caleb Heimsoth Hi Caleb. Thanks for the quick response. As to your question, yes... definitely cash flow. I'm not much into appreciation, although that would be nice. I do need the cash flow to show as income for my future investments. However, I read that to even consider rental as income, you need at least 2 years of landlord experience..? Are you familiar if this is correct? As far as midwest and south markets, any cities in particular that you could recommend so I can start doing my research in those markets?