Getting Started in Cedar Rapids, IA

[Joseph Taylor]

Hi all, my name is Joe. I will be relocating to the Cedar Rapids, Iowa area and wanting to start investing in real-estate . Any advice or recommendation on building a team would be great. Really looking for a real estate agent and wholesalers in the area to get started. Also wanted to know if there are any preferred areas for buy and hold and possibly flip for investment properties in this area.

[Alex Cotton]

Welcome to BP @Joseph Taylor! I've especially enjoyed the podcast and recommend that you keep listening. You'll even find one of Cedar Rapids own, @Glenn McCrorey, on episode 110. 

There are still opportunities for both buy and hold and flips in Cedar Rapids. For buy and hold areas, you have to make a decision between cash flow and the quality of the area and tenants. We have areas with on market single family deals that meet the 2% rule but have slightly higher crime rates and may require a little more work. There are a lot of investors in Cedar Rapids that are pursuing this route and doing well. Most of the areas I look at are closer to the 1% rule for single family. Feel free to message me if you want to talk about specific areas on the east side (@Austin Davis probably knows more about the west side), or need recommendations on agents, lenders, etc. 

Best of luck!