All Forum Posts by: Ryan Kramer

The stairs is the biggest challenge to the space, but I have considered self storage for smaller items, etc and creating 20-40 units. 

Another idea we had was an event venue since it is 3000 sq ft. 

Hello! 

I recently gutted a 3000 sq ft basement under 8800 sq ft, 7 unit older/ smaller retail shopping. Tenants include dog groomer, record shop,  women's consignment,  hair salon, and daycare. 

I'm trying to come up with ideas on this basement space that consists of 8 ft ceilings if anyone has ideas??

TYIA!

@Katelyn Atcavage robideaux Hi Katelyn! I'm a Broker/Owner and love training new agents. Just signed one up today. If you were more seasoned at both, I think you would be able to balance both, but I do believe your main focus should be on one or the other since you are new at both. The good news is that becoming a better Broker will only benefit you in your investing career. I would focus on the sales and growing your database, systems and network in Real Estate that will be able to help fund and find the opportunities to invest as you move forward.

If you were to buy 11 properties at $60k a piece, your down payment would be $132k at 20% down. You would need to save the remaining $18k for closing costs and immediate repairs etc.

I can't tell you what the "best" way to invest would be, but I can tell you the way I would most likely proceed.

I would focus on out of state properties for a long term investment. I would take that $150k and put it towards down payments using lenders local to the area you intend to invest. That $150k (assuming you use all of it and don't hold some back for early repairs/rehab) could get you $750k in property. Provided this is all self serving debt you could have $750k worth of property in 15 years once the notes are paid (assuming there is no market appreciation), and that's not counting the monthly rental income beyond the debt service.

Specifically where I am located I could make roughly $2,110/month assuming slight vacancy. That's after principal/interest, paying a property manager, taxes/insurance (not including any maintenance). This is assuming you purchase about 11 (roughly $60k-$70k) properties and use some of the funds for closing costs.

If you were patient and selective you could potentially even increase the monthly income a bit.

Just my take, and it's fairly specific to my area.

Hi Matthew, I live, invest, and do real estate in Muncie. I would love to give you some advice, I'll send you a DM.

5 Unit property for sale in Hartford City, IN

$189,900

100% occupancy ($455 x4 $440 x1)

Well designed, quality brick construction investment property featuring 5 apartments, 6 garage bays, and 2 parcels on 1.6 acres of ground zoned R-3. Great view of the golf course and room to build. Four 2 bedrooms and one 1 bedroom units. Laundry for the two upstairs units have access to pay laundry below. One story building units all have laundry hook-ups. Owner has kept the rent rates low due to having good tenants. As of 7/19/19, all units are rented with 2 in leases and 3 month to month post their 1 year leases. Water softeners are rented at $83 a month and services all units except unit d that does not have a softener. Tenants provide their own salt. Electric is in tenants names. Landlord pays water bills , but gets reimbursed by tenants. Rent amounts include $30 for each unit to use one bay of garage.

$189,900

Turn key package

Package includes;

1. 2405 E 3rd St Anderson IN 46012

2. 318 Chester St Anderson IN 46012

3. 2400 E 4th St Anderson IN 46012

4. 2315 E 3rd St Anderson IN 46012