All Forum Posts by: Alex Case
Alex Case has started 8 posts and replied 44 times.
After some research and thinking, I have come to the conclusion the best starting point for me to buy my first out-of-state property is going to be in West Virginia.
with a low price point to start with I think I can learn a lot and make some mistakes on the way. please chime in with advise.
Quote from @John Hart:
Investment Info:
Single-family residence buy & hold investment.
I purchased my first investment property a SFR in February 2020 (right as COVID was becoming a thing) in Birmingham, AL. After much education and research I took action and purchased the property through a turn key provider, as I'm out of state in PA. I was buying for cash flow, with the goal of growing my passive income over time.
Quote from @Benjamin Pessah:
@Waleed Elgindy @Erik Browning
Sounds good, I’m going to leave this post up to see if anyone else from the area would want to join us… Weekends work, Or weekdays (evenings)… like I said. Lmk what u guys have in mind. I’ve been, thinking either Thursday night @7pm
Location: Mel’s diner SF?
Address: 2165 Lombard St, San Francisco, CA 94123
Lmk if this won’t work for any 1 for some reason.
san fran parking can be a bear- how about in the east bay somewhere?
i also am looking in the cleveland area
Post: Small bow in basement walls- should I still buy?
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- Votes 17
picture, please
Well seeing as I have about $60k saved up. I was looking at West Virginia But I will look at Columbus OH tonight. I want to start out with something within that budget. I do have construction experience,I would fly out to where I need to be to oversee project.I would like to keep it as a rental also. I am currently 10 hours away to qualify to take the California real estate exam.
Post: Searching for info on starting a mobile home park.
- Posts 45
- Votes 17
I'm also interested to learn
Post: Class B Areas and growing suburbs around Indianapolis
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Quote from @Dalton Foote:
Quote from @Shankar Sridhar:
Hey folks,
I got my first property last year at Indianapolis in a Class C area. (Glad to have done it esp. after which interest rates started shooting up crazy!).
Meanwhile, I have started to study the town closely and want to keep my buy-box focused on Class B properties after hearing many investors claim that they are tired of its problems despite its better cashflow, esp. being OOS investor.
I know places outside 465 loop are generally considered Class B, like Avon, Plainfield etc. Any other growing markets around Indy you have observed/invested at?
Looking for some more info from fellow investors who have had success with Class B markets for buy-and-hold rentals.!
Personally I have seen there is a lot of growth moving further east from Indy, but I am more so interested in the Southside. With the highway infrastructure there has been quite a bit more business and people moving south further because land is (was) cheaper. Martinsville has had a huge influx for example. That’s just my two sense however there are quite a bit of growing areas outside of the 465 loop. I work inside the loop and although there is gentrification happening in certain areas that made out of state investors flood in years ago, there are still a ton of run down areas close to downtown. I personally am looking outside the loop as competition is far less as well.
yes.good idea
Post: Class B Areas and growing suburbs around Indianapolis
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- Votes 17
Quote from @Shankar Sridhar:
Quote from @Taylor L.:
Just weighing in that I also prefer class B rentals. Class C properties tend to have a lot more deferred maintenance, and that bill comes due one day!
Thanks! As a newbie, its definitely tempting to run behind crazy cash flow and sub 100k properties, but I think I need to shift my mindset early in my investing journey to avoid the problems you mentioned!
I am also looking for a sub 100k class b
Post: Is the Housing Market Correcting?
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- Votes 17
Quote from @Robb Almy:
Like politics, all housing is local in my opinion. However, overall I think we are definitely cooling because of the higher rates. As mentioned by others, inventory is still low in most places so that is helping to protect values in the short term. We may see some decrease in values over time but a lot of real estate has been overvalued as of late. The good news is that depending on your financing and your cash flow, if your property goes down in value it is a loss on paper that you can ride out and then hopefully ride back up. Patience will be key.
How is looking in West Virginia? I am looking at a rental to buy