All Forum Posts by: Account Closed

My Indy properties are all under 50k. Some have performed better than others but the portfolio as a whole has done alright. I get what people are saying when they describe this class of investing as its not for everyone and can come with some risk of you don't know what you are doing. I think the difference with me is that I have a company that specializes in these areas, types of homes, and types of tenants. They are the reason for my success. ...But to diversify I also buy B class properties in Birmingham. So I guess I play both sides of the game.

Charles Wilson I have been networking like crazy over he past year and Mid South Home Buyers is a name that comes up frequently, and everyone has nothing but good things to say about them. They are one of the few providers I am interested in working with sometime in the future.

I think this is a case of an inexperienced investor "jumping the gun" a little. No deal is perfect no matter how hard we try. The idea of working with guys like Marco is to constructively figure things out and get it done/fixed. Work with him as a team. As Marco has already expressed he is going to try to make it right, so let him do his job and make it right. If you are not happy after you have given him a chance to fix things, then perhaps a post like this is necessary. I have heard great things about Norada over the past year and a half, and he seems like a guy that stands by his product and services. I have had a similar experience to yours but no effort was done to help me. And the provider straight up starting cussing at me like a bully on the playground. It was quite amusing. I wrote a post about it similar to this one.

Pete Perez I start picking a market by talking with other investors. Networking on BP allows me to hear everyone's opinions on different markets. Next I do a little research for each market. Things like the history, economy, job growth, population growth ect. Then I get on the MLS and start studying the prices of both sale listings and the rental listings. Then I dig deeper and get into each neighborhood and study the crime rates, school ratings, entertainment, parks, universities, and stuff like that. Then I come up with more specific questions and go back to my original guys that steered me to those markets and pick there brains some more. Eventually I choose a few markets and start looking for referrals from actual investors (not Marketers) that can help me in these markets. I call these referrals and ask all the same questions that I have been asking all my new found investor buddies. I research the companies referred to me and try to find some dirt on them. Once I find I few companies I think will work in combination with a market that meets my strategy ....it's time to make the trip. This is when it gets fun. I drive the streets with all these people and view what they all have to offer. I compare one providers properties to the others and get to know them during the process. I seize the opportunity and ask all of them as many questions as possible. I even take notes, pictures, and screen shots on google maps. At the end of the trip me and the wife sit down and start analyzing the pros and cons for each property, and each provider. (She pretty much takes over from here). We prioritize which properties we are interested in and who we are most interested in working with. After that we start making some deals! Then the real fun starts!!!

Kelly Bochna My favorite way to get to know a market is to take drive around the market with different people and get different opinions on each area. I will meet with Property Managers, Turnkey Providers, Realtors, and Investors. After a few of these tours, and a little online research I start to develop my own opinion.

Greg Brown It is risky at first. You have to put in the time to make it less risky. This means several trips to the markets. Endless hours of networking and researching. Closing deals and actually experiencing the processes. Eventually everything falls into place. You find your focus and tweek your strategy. You fire the bad guys, and grow stronger with the good guys. In the end the "A-Team" is born, the trust is there, and investing gets easier.

Shawn Ackerman I am an out of state investor that has 3 properties managed by www.decasgroup.com. I am very happy with them and we work well together. Good luck

Abigail T. If you are new to investing then turnkey is a good way to gain some experience, learn a market, and make some connections. BUT very important to find the right turnkey company. I hear good reviews about a company called USREEB for Kansas City. However I have yet to use them or invest in that market. Good luck!

Indy and Kansas City seem to be the popular ones because of there strong economy and lower purchase prices. But with popularity comes competition, increased demand, and decreasing inventory. For that reason I not only invest in Indianapolis but also more low key market like Birmingham that has real good cash flow, less competition and more inventory. However Bham's economy is not as strong as Indy or Kansas City. The plus side for both my markets is that I got good people to work with. It doesn't matter how great a market is if you don't have good people to help you. Every market has its pros and cons and everyone invests based on different criteria. Get educated and establish your own criteria, pick the market that works for you, and then find people in that market through referrals from other actual investors. Good luck

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