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Updated about 2 years ago on . Most recent reply

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Jalun Bridges
4
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A Little About Me Even Though You May Not Care (:LOL:)

Jalun Bridges
Posted

What's up everyone, I am an aspiring real estate investor. I am also in the military so I am eligible for the VA loan. I currently don't have any properties, but I am actively looking for a house hack in the city of Huntsville, Alabama, so I can stay there and continue schooling. I see maybe 1 or 2 potentials(4-plexes), but I haven't ran the numbers yet. I have been watching bigger pockets on YouTube for some time now so I decided to come here and hopefully get more education and help before I decide to make the hardest step in investing in real estate which is the first one. I hope to be a guest on the show one day. Anyways once again, Hello!

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Michael S.
  • Huntsville, AL
710
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Michael S.
  • Huntsville, AL
Replied

Good luck finding a good deal on a MF in Huntsville right now - right now, a house hack is actually probably the only way to make the numbers work.  Also, I'd be careful with the MF in Huntsville with the number of new build MFs coming on line in the next 2 years.  

In the past year, we've found way more deals on flips than LTRs, and we've done two MTRs because they didn't work as LTRs without negative cash flow.  It seems like the market here has really picked up in the past 2 months.  

Take what the market can give you - don't force deals that don't work, and don't do deals just for the sake of doing a deal.  

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