All Forum Posts by: Paxton J.

I'm also interested in the Memphis area due to the more affordable entry point and for cash flow.  That being said, are there any C-type areas of which gentrification is making an impact?

I've been looking into the Memphis area recently and have noticed that 2-3 C type properties could generate cash flow.  What's the gentrification trend in these areas?  Any info/locations/zip codes would be helpful for my research.  Thanks!

 @Jonathan McGee:

Hey @Account Closed I think it’s a smart move to take advantage of the Memphis market while you still can!

With your price range, depending on if you plan to buy turnkey or not, you’d be able to pick up some decent cash flow in B areas like 38135, 38141, 38117 and 38125. You could possibly get in some pockets of A areas like 38016. 

You can fetch similar returns in C+ areas like 38116, 38115 (certain areas) 38122, and pockets of 38128. 

If you want get 2 or 3 properties within your budget, you can scout some C to C- areas like 38118 (north of Winchester) 38128, 38109 (east of HWY 61), 38107 (south of Jackson), maybe some parts of 38127. 

Your A class areas are going to be 38138, 38002, 38017, 38018, 38125ish. 

It definitely helps that you are only a few hours away so you could definitely utilize BRRRR!

Feel free to reach out if you have any questions!

I'm researching the KC market for a cash-flow property and although it appears to be a good area for this, I found an article that confirmed the hot rental market but moreso in the upscale areas. My price point is $100k max for a SFH but if I find a duplex or multi-family, it'd be ideal. My concern is that with the demand for more amenities and such that this article speaks about, I'd be uncertain I'd find renters.

Any thoughts and insights would be greatly appreciated.

Here's the link-

http://www.kansascity.com/news/business/development/article69420982.html

I've been researching the Indy market due to its low entry point for REI. I have $50k in cash and access to a home equity line of $150k. I'd like to ideally get into a couple of properties to generate monthly incomes of $500-800 or more per month. Looks like I might be out of the price range for Fountain Square but what about the surrounding neighborhoods like Englewood? Or am I better off getting into a rehab and flip?

Hello,

I'm somewhat new to the forum but not new to investments in general.  I own two properties as residences and am looking to invest in cash-flow generating properties.  I have $50k in cash and a home equity line of $150k available.  How much of a mix of cash and loan would be a safe route?

Starting out here, so I'm looking for a modest monthly incomes of $500-800/month.

I too am interested in understanding the market better as well.  There are a few neighborhoods such as, Fountain Square that's in the gentrification process but it's surrounded by neighborhoods that are still on the lower end.  Is tech prevalent there or at least a burgeoning job market to some degree to support continued growth?

@Matthew Schroeder Thanks for the heads up on that. I didn't click the link to the original article. But do you know of how the neighborhoods are doing today? Going through city-data and reading the latest ULI shows Indy is still a good mid-size market for REI.

Hello BP,

I've been lurking for the past few months as part of my education and find the Indianapolis market as a good place to start for me. As some others here, I live in California where the margin for ROI isn't as high as out of state. I have $50k in cash as well as access to a home equity line for starting off so I would start with two properties anywhere up to $80k or so to be conservative.

There are properties that already have tenants in the neighborhoods of Englewood, Fountain Square and Grace Tuxedo Park that seem like good deals.  Some articles such as the following indicate there may be some gentrification happening here.

http://jhbcc.org/indianapolis-neighborhoods-battle...

I'd appreciate any insight from locals and other investors!