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All Forum Posts by: Account Closed

Account Closed has started 67 posts and replied 466 times.

Post: Best State To Invest In?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Ben Thomas I like Indianapolis for the job growth, strong economy, and population growth. I further like the trendy little inner city neighborhoods with the older homes that generate great cash flow. The problem is that this is a hot market and inventory is low making it difficult to find good deals. Soooooo...I also invest in Birmingham. I wanted to diversify geologically and the south has great numbers and more inventory. However demand is slightly increasing making it more and more difficult. Population growth is not happening, and the job growth and economy are not as strong as Indy . However they have a large rental population and awsome b class neighborhoods in the north east. And don't forget the great BBQ! That alone should drive the value of the homes up :)

Post: How many offers do you make to get one deal?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332

@Joe Villeneuve  yes!  Of course the numbers still need to make sense. 

Post: How many offers do you make to get one deal?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Whatever it takes! :)

Post: How should I go about my start to investing for the long term?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Justin Dixon If I'm not mistaken North Carolina has some great areas to invest in for good cash flow and perhaps some appreciation. This means you can invest close to home which is a plus. Meet ups are great but you can probably find a North Carolina investor that can steer you in the right direction here on BP. Networking is everything. Eventually you pick who you are comfortable with a start putting a plan into action. Just be careful of the people out there acting like they want to mentor you but are actually trying to sell you something. These guys obviously have a biased opinion on where and what to invest in. Good luck.

Post: Learn the market first or find the deal

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Nelson Del Castillo I say you should learn a few markets first. Then research different people to help you in each market. Connect the right people in the right market and go house shopping!

Post: Turn Key Rental Properties.

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Scott Hetherington for me it's simple. If you don't directly own the property you are selling then you are selling it for someone else. And if that's the case you are getting a commission on the sale. This in my opinion makes you a "middle man" or "marketer". I prefer to go directly to the smaller boutique turnkey companies that live and breath the market I am interested in. Just seems easier that way and works for me. For everyone else wondering about turnkey investing my advice is find the right company and things will be fine. Use other investors referrals to find your match. A good company in a good market will make investing easy. Build a trusting relationship with that company slowly. After you get a few under your belt reassess and consider venturing on your own with some minor flips and rehabs by using the connections, networking, and experience you acquired through your turnkey experience. Experience is everything and turnkey can be a safe way to get some guidance, advice, and a good product.

Post: When is a good time to start setting up your "team"?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Fred T. ...NOW!

Post: First Property Cash or Mortgage

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Jack Thanadabouth I agree that picking a market just because you have lived there is not ideal. As mentioned earlier you have to evaluate all the economical data and demographics. But also talk to people who actually live and work in those markets. "Boots on the ground" type info. But even if you find a good market it's tricky to find good people to work with. Out of state investors are an easy target. I wouldn't totally exclude a property for $20k. It Would all depend on your analysis of the property and the people you got working for you. These turnkey providers pick up properties for that and then turn them around and sell them so why can't you do the same. It takes time and a trustworthy team and probably not ideal for your first buy ...but perhaps something to take on in the future. That's my opinion.

Post: Profiling Indianapolis

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Bram Spiero There is no one place with this information because classifying a neighborhood as A, B, C, or D is very subjective. I have properties in the inner city that rent for $700 a month and I would classify them as a C class property and so would my Turnkey provider, property manager, and other investors. Some will consider these D class properties based on rents alone and I disagree entirely. Or they will say the crime rate is high so it's a D class. However the crime rate is high because it's close proximity to downtown, clubs, restaurants ect so that will skew the result. When I decrease the radius to a more street to street basis I am surprised to find some great little neighborhoods. These properties have also shown appreciation where as the outer areas like Lawrence have not seen appreciation in years. My advice would be for you to go out there and drive the streets with investors, realtors, property managers, and turnkey providers and then make your own opinion on what class each neighborhood is. Don't believe what other people tell you. Get out there and educate yourself to make your own educated opinion.

Post: Help! Turn Keys- Right for new Investors, Advice, Tips etc.?

Account ClosedPosted
  • Registered Nurse (ICU)
  • San Jose, CA
  • Posts 496
  • Votes 332
Tyisha G. I started buying turnkey properties over a year ago. I have had both ups and downs in my experiences. Posting a thread like this will attract all the providers and they will try to steer you towards their market and product. My advice is for you is to get referrals from actual investors and not those that make a commission on the sale. This way you get a truely unbiased opinion. Finding the company that works for you can be tricky and it may take a little trial and error to end up with the perfect people to work with. But once you find these guys it's an amazing relationship. My guys are FS Houses in Indianapolis, Justin Harrison in Birmingham, and Century Revitalization Group/Decas in Birmingham.