All Forum Posts by: Tyler Hockett

Hey Michael. So creative financing is my specialty but I have a few questions for you. The first thing you should find out is how much of that $80k does he really NEED and WHY he needs that specific amount.  

This is probably the most important question right now so we know what kind of deal structure would work in his and your best interest.

So find out that answer and I can help you with the rest if you'd like.

Tyler, I don’t know much about Dyersburg, but from a very general approach there’d be a couple metrics that I’d look for. 

1. How do the rental rates compare to the acquisition costs? Obviously low acquisition costs and relatively high rental rates would be a favorable scenario for a buy and hold investor. 

2. I’d look at housing price trends and business trends. Trends over the last decade can provide some insight as to how properties and businesses in that area react to different economic situations. 

3. Like Michael said; is the area’s economy diversified or does it henge on one main employer. This would be especially important when investing in a smaller town.

Those three items are probably the first things I’d look into when assessing a new market. 

Hello Tyler,

I'm a home inspector, and I've looked at hundreds of properties all over the Chicago metropolitan area. Be happy to help if I can. Best of luck,

Reese Hamilton

@Tyler Hockett I automate the data collection.  I'm a public records researcher, so it's kinda what I do.  :)

There are multiple ways to get data directly into Google Sheets.  Look into the importhtml and importxml functions, to get started.

There's a big Memphis contingent on BP.  I'll let them speak to the market.

@Tyler Hockett as someone who has built a solid team in Milwaukee, 750 miles away from where our company is based(New York) this will take some time....but worth every bit when completed.  How often do you fly or drive to the market?