All Forum Posts by: Account Closed

Rob Jones I don't see much cash flow here. Especially with only $5000 down. Unless you are investing for appreciation. I am not familiar with this market so not sure what the goal is. Using my conservative calculations and preferences I would need to get this property for $70,000 to cash flow $163/month with 20% down. That's the kind of numbers I look for anyway. But that's not including the Hoa of $30. That would leave me at $133/month. Which is still not that ideal for me. I also am not a fan of HOA as they have to much control and the rules can be voted and changed at any time. Generally speaking SFH are more ideal and easier to resell and rent in my opinion. However some markets may be the exception. That's my thoughts. Good luck

Shone Freeman You can read stats online like job growth and all that stuff. You will find all the markets in the Midwest and South generally the same with slight differences here and there. More important is to find the right people to go with the right market. All markets are unique and all investors are unique. I talk to actual investors and not providers to find good markets and good people. This way I get an unbiased opinion. It's also important to find people who actually live and breath in the market. They have knowledge that you will not find online. I always manage to find at least one local investor to give me his take on it. With BP everyone is so easy to find and more than willing to help each other. Good luck

Tim James listen to Jay. He's the man. I am an actual investor that will not try to sell you anything. If you want an unbiased opinion feel free to send me a PM.

Jayson Trierweiler Turnkey can be a great way to ease into real estate investing and learn the basics. It can also be a great way to get ripped off. The trick is finding the right company and not the company finding you. Talk to other investors around here and the shining star companies will emerge.

Rollan Dizon Ryan Mullin is the man out there for these areas and types of investments. If he says it's good...then it's good. He is a big part to my investing success and manages all mine as well...well actually his wife and team does but you know what I mean.

Brian Ewell as Jay mention take note that some of these opinions are coming from marketers or providers that will try to steer you towards their market. You can study statistics and online information all day long and will find both pros and cons for each market but I agree with Lane that generally speaking a lot of the cash flow markets are very similar and can all make you money with the right people. Finding the right people is more important than finding the right market in my opinion. You need both to be successful. Finding the right people can be tricky as well. Investors get referral commissions from providers that make there opinions biased as well. Finding an unbiased opinion around here is tough sometimes. In the end you will eventually pick your market and your team. Through trial and error you will eventually find the right combination that works for you and over time will establish a long term trusting relationship. Once these relationships are established investing gets easier and the cash flow gets better. Hope this helps. Good luck.

John Davis with rents around the $540 range my guess is that this is probably not the best location. Typically numbers like these look awsome at first but don't pay off in the end with higher vacancies, poor tenants, and frequent repairs. Also will be difficult to resell as an exit strategy. Biggest issue here would be needing an experience property manager close by to manage such a rental like these. A lower class multiunit like this won't stand a chance without the very best property manager taking care of it or the actual owner being close by and managing it properly. Probably something more for the experienced investor. But even then I think an experienced investor would not go for a property like this. I may be wrong as I don't know the area or the property. If I am wrong this is a pretty sweet deal and in today's markets that only means it's to good to be true as competition has been fierce. My advice would be to go www.neighborhoodscout.com and check the crime rates, appreciation rates, vacancy rates ect. Good luck.

@Richard Rinehart  both markets have lower purchase prices compared to the other popular cash flow markets.  The plan was to get as many properties as possible with least amount of money.  Also part of my strategy was to diversify geologically.  This gets me invested in both the Midwest and the South.  Each market has its pros and cons but that was the main deciding factors.  Birmingham also had good inventory as Indys inventory was decreasing.  

Justin Nero First off comparing the Bay Area to Indianapolis market is just not appropriate. They are way to different. The homes, the culture, the economy, the way of life ect. I have visited Indy and to answer your question you have to go out there and see things for yourself. Neighborhoods and streets that look great to me may not be acceptable for you. We all think differently. Generally speaking you could conclude that c class properties bring higher cash flow but higher risk compared to b class homes that may have less cash flow but are newer, and may have less maintenance, and may have a better tenant. For me I limit my risk in the c class properties by using the right people and picking the right homes. I also don't buy into the theory that b class homes have less repairs and better tenants. My opinion is that they can all go soar no matter what class the home is. I don't care what people classify a property as. Just as long as it is purchased, rehabbed, and managed appropriately it will be successful. That's my thoughts. Now all that said I do diversify my portfolio with c class properties in Indy and B class properties in Birmingham. So maybe I do care a little bit about the classification. :). Hhehehe.

Melissa Fourie I Invest in the C class older 3/1 homes that can be purchased turnkey from 50-60k these days with rents $700-800. Many argue against these types of homes and this class of property but people will argue against any, and all strategies in real estate as we all invest differently. A big part of success for these homes is a solid rehab done right, home selection/location, and a solid property management with selective tenant placement. FS Houses is the company I use and they specialize in these type of homes and areas. Ryan Mullin is an expert for inner city Indianapolis and his team has been doing a fine job with the 5 homes I own there.