All Forum Posts by: Michael Jones

 My group is interested in potentially investing in Eastleigh / Southampton. Do you have any knowledge or good info in those markets? 

Thanks so much! 

Thanks Eric! I'm definitely intrigued by the Huntsville market, and I'm getting my cash ready to go. Are you finding anything interesting out there? I'm trying to determine whether Tuscaloosa would be a good fit as well, but I like the local economy in Huntsville better. 

Let's connect sometime soon!

I have about $30K set aside for my first REI.

I’m really struggling with where to get started. I like the cash flow potential of investing in the southeast, but the appreciation potential in San Diego makes my home market super appealing.

I have some ways to leverage a deal at home given a $200K equity position in our current home, but with a wife and two young kids, house hacking would be tough.

I was considering to keep our place now, rent it out and potentially buy another future investment with an FHA 3.5% down.

I've spent a lot of time reading, listening to podcasts and attending meetups. I also have a wife who is in general extremely skeptical about anything REI-related, but at the same time, she understands its power as an investment vehicle.

I just don’t want to make the wrong move initially. I’d call it analysis paralysis for sure.

My why? Building a better future for my family (kids’ college, no more future debt), getting into a better home with some more space and having passive income subsidize our lifestyle (which is not lavish by any stretch).

I am grateful for friends and family who have helped guide me to this point!1

@Dan Heuschele thanks for the info, and again, good good luck to the OP!

@Dan H. -- that seems like sound advice. I would echo that FHA / construction / age present amazing options for Casey.

What kind of REI strategies are you using in SD County currently? I'm struggling with whether to buy-and-hold or BRRRR cash flow out of state or FHA into a new townhome here in SD, using our first one as the first "investment" when we rent it out subsequently. Challenge is I've got two young kids, one in school, and we live near some of the best schools in SD Unified.

As of now, our current townhome would likely be cash flow negative for awhile, but it's in Scripps Ranch where it's appreciated substantially and rents will keep climbing. In a few years it should be cash flow positive, and in many years, it could be a gold mine. 

But I want to buy more! I'd love to do it in SD County but I don't see cash flow opportunities here. I'd be interested to know what you're doing and how.

@Casey Gunzl - Good luck! Hope we can connect sometime down the road. I'd love to help however I can. I'm sure I can give you insight on business operations / marketing whenever needed. 

@Casey Gunzl

I'm interested in meeting folks here in San Diego and networking in order to build a reliable team. BRRRR and buy-and-hold is of particular interest to me.

In the short term, we are interested in moving up into a larger space for our family and keeping our current townhome in Scripps Ranch as a rental. Probably won't cash flow right away, but I'm willing to break even for a long-term asset in a great area where rents will continue to appreciate. 

If anyone knows of a creative way to do that, I'd love to chat about it! Anyone up for coffee tomorrow? PM me!

Good Day Everyone!

I just sold 12 acres of land in Tuscaloosa, AL and I need to find the historical data of how much it was worth in 1977 when my grandfather passed for tax purposes.

Everyone I’ve talked to — a realtor I know out there, the person who did our appraisal, is not getting back to me.

My CPA said I need to find out a reasonable estimate so I don’t pay more taxes than I should.

Does anyone have any contacts out that way who may be able to help look this up or provide a reasonable estimate. I have a full appraisal report.

Thank you,

Mike

Good Morning!

I’m a new investor looking to get started in the Huntsville, AL area. I’m from out of state in San Diego, but I have family in Tuscaloosa.

A family friend who I’m meeting with for coffee this weekend invests heavily in the area, and I wanted to know if anyone in the group could provide some insight into the market there. It seems to be growing and a great area for tech and thus jobs.

With University of Alabama Huntsville there as well and good schools it seems ideal.

Does anyone have thoughts?

I'm aiming to BRRRR and generate cash flow. Some multi-family units seem very attractive.

Thank you in advance!

MJ