All Forum Posts by: Brian Piechocki
Brian Piechocki has started 8 posts and replied 46 times.
Post: Best multifamily markets
- Atmore, AL
- Posts 47
- Votes 13
Quote from @Michael Blank:
We strategically focus our multifamily investments in the Southeast region of the US for two key reasons:
Lower Costs - Properties are less expensive to acquire in the Southeast than in other parts of the country. Simply put, we can buy more NOI and rent for our dollar invested here versus other regions. This allows us to maximize returns.
Strong Growth - The Southeast, especially cities like Huntsville, Atlanta, and throughout the Carolinas, are experiencing rapid population and job growth. Huntsville for example has more STEM and tech jobs per capita than anywhere in the US. Major employers are flocking to these markets, bringing new residents and renters. This fuels the demand for multifamily housing.
Concentrating investments in one market allows you to scale faster, reduce costs, build relationships with brokers and acquire off-market deals.
Post: RV Campground Resort and marina
- Atmore, AL
- Posts 47
- Votes 13
Thanks for sharing! As someone who grew up in Huntsville, I love seeing people continue to invest in the growth of the community.
Is this the first campground type investment you've made?
Quote from @Mev D.:
What do you think? Is it too late to be in the market.
I'm surprised you'll be able to make decent cash flow renting with the building costs, rental income, and high interest rates. Are you focused more on appreciation versus cash flow?
I grew up in Huntsville but am now based in Lower Alabama. I still like to keep an eye on Huntsville.
Post: Pints & Properties
- Atmore, AL
- Posts 47
- Votes 13
Do you try to host these monthly? I am in the Atmore area and this seems to be the closest BP meetup.
Post: Atmore and Bay Minette Investing?
- Atmore, AL
- Posts 47
- Votes 13
Thanks for the tip @Ben Scarborough
Post: 200 Off Market Single Family Rentals Available
- Atmore, AL
- Posts 47
- Votes 13
Are all of these in Mobile?
Post: Skiptrace,SMS, Texting , Cold Calling, CRM Software Workflow.
- Atmore, AL
- Posts 47
- Votes 13
How did you choose Podio @John McAllister? I had not heard of it before. I have experience with HubSpot and SFDC with W2 jobs.
Post: New Member in South Alabama
- Atmore, AL
- Posts 47
- Votes 13
Thanks for the tip!
Quote from @Dmitriy Fomichenko:
Welcome to BP community Brian, glad to have you aboard.
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Best of luck on your REI journey.
Post: New Member in South Alabama
- Atmore, AL
- Posts 47
- Votes 13
Appreciate the welcome @Andrew Syrios and @Julio Gonzalez!
Post: Atmore and Bay Minette Investing?
- Atmore, AL
- Posts 47
- Votes 13
@Dylan Thomas I appreciate the response! To start, I am not as concerned as much with appreciation as I am with + cash flow and low-ish vacancy. Since I'm based in Atmore, Bay Minette and Atmore would be more convenient while I'm gaining experience. However, I don't want to make a bad investment decision out of convenience.
I am really attracted to the Foley and Daphne markets, but it would be more time consuming traveling to and from the properties and viewing available properties.
Maybe I should try to learn both markets at the same time. Do you have a preference between Foley and Daphne? I noticed your posted a market analysis of Mobile on another thread. Is that your preferred market of the area?