All Forum Posts by: Alex Cotton
Alex Cotton has started 2 posts and replied 61 times.
Post: New member from Iowa
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Alexander Ricke! House hacking is a great way to get started, best of luck!
Post: New couple from Minnesota
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Nathan White, best of luck getting started! Be sure to check out the podcasts and network with others in your area.
Post: Rob from Indianola, Iowa
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Post: Rob from Indianola, Iowa
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Rob Witt! Are you looking just in the Des Moines area? I live and invest over in Cedar Rapids. Best of luck getting started!
Post: Real Estate Investor in Iowa and anywhere in USA
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Teresa Cruise - make sure to check out the podcast. Best of luck getting started!
Post: Hello from Dubuque, Iowa!
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Laura Klavitter! Make sure to check out the podcasts and the forums. Let us know when you find a deal; good luck!
Post: New Agent in Cedar Rapids
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP -- Congratulations on getting your license; keep us updated on your deals!
Post: Investor from western Iowa
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Welcome to BP @Kristine Schmitz! There are a decent handful of us Iowans on here. Make sure to listen to the podcasts. Best of luck!
Post: New Member from Waverly, Iowa
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Originally posted by @Cody Guhl:
Thanks Alex and Austin! Have Bennett doing a ton of reading, listening to podcasts, analyzing deals, and meeting with local banks and realtors. Working towards a flip or two before the end of 2016.
How is the market down in Cedar Rapids? I've heard that Dea Moines is pretty hot right now, and Waterloo is kind of a slower market. Just curious what CR is like.
Cedar Rapids probably falls somewhere in the middle. The below market houses in the better areas of the city seem to go pretty quick.
Post: New Member From Dallas
- Rental Property Investor
- Cedar Rapids, IA
- Posts 61
- Votes 21
Originally posted by @Brad Meyer:
Thanks @Alex Cotton. How did that first flip go? I'd also be curious what your experience was like getting the line of credit.
It is still going... I hope to be posting a success story with pictures in the next few months. For the line of credit, I recommend calling a bunch of local lenders and tell them what you are trying to do. I ended up working with the commercial loan department of a local bank. I put 20% of the purchase price down and then received line of credit for up to 80% of the post-renovation appraised value.