All Forum Posts by: Benny Gelbendorf

Hi @David Steele

Based on your research in Clarksville what is the expected COC ?

Thanks,

Benny

Thanks Aaron,

What would be the entry prices for Columbia and Dickson ? C-B type areas ?

Much appreciated,

Benny

First of all....Don't worry about it, most investors have the same problems (and persuading the wife to come on-board is one of the common one).

I can provide couple of tips that will ease the process:

1. Start small - don't take on 100 units multi-family on the first deal nor invest 100% of you capital. Start exploring small properties that require small portion of your resources. It will allow you to show success (which is extremely important) and you'll start on your learning curve.

2. Don't force your wife into it. We all want our spouse to take interest in what we are doing, to enrich our relationship and have more common interests. If your wife is willing to support you, it is good enough for now. Give her time and space and if she'll be into it, it will occur naturally and will make you, as a couple, 10 times stronger.

3. Partnerships in REI are very common and I might say mandatory. Partnering allow some balancing between two or more people who complete each other (everyone brings something different to the table). I think it will be beneficial for you to explore other types of partnerships to strengthen your resilience and add more tools to your REI toolbox.

Good luck.

Benny

Hi @Constance Grandelli

Did you manage to make some deals at kingsport ? How is the real estate market in the Tri-cities nowadays ?

Happy investing day,

Benny

Hi @Aaron Anderson

Can you please share some info on the real estate market in Franklin ?

From the raw data I've gathered entry prices are quite high there (might be too rich for newbies).

Thanks,

Benny

Thanks @James Wise

What are the entry prices for C+ , B type areas for single family homes ?

Hi BP'rs,

I started investigating Cleveland area and found Parma as a good starting point from numbers perspective (Rent VS. house prices, low unemployment, high relative income, etc.).

Does anyone around here invests in Parma ? Does the reality match the numbers ?

Thanks,

Benny

Hi @James Martin
Could please share that with me as well? 

Thanks,

Benny

Hi @Andrew Fidler, How are you ?

Are those numbers valid today ?

I'd assume the first two ones will be in C-D areas, Am I correct ? 

Wouldn't the ROI of the lower end prices will be reduced by vacancy and higher repairs rate ?

Happy investment day,

Benny

Welcome @Matt Friede

I find Greenville very interesting in term of REI potential.

Did you establish a strategy for investing ? Did you pick favorite type of property ?

It all should match your profile.

Have a fruitful day,

Benny