All Forum Posts by: Carlos Altamirano

Hello @Agustin Jimenez

Congrats for being able to save your money. Real estate is huge and so many different ways to invest. Knowing what you want to invest in is important.What deals and markets and returns are you looking for, and also the type of tenants you are looking to serve. With so many strategies out there you can make any asset cashflow. 

That FHA you may have is nice, it can allow you to get a 3.5% down on residential. Depending on the location you can rent the rest of the units to long term and short term tenants. That amount of money will also buy you a nice commercial multi-family 10-14 units maybe more or less. Again, just understanding your market and the tenants serving. talk soon

Check out this single-family residence opportunity in the S Oakland Ave/English Ave corners of Indianapolis.

This 2bed/1bath single-family home has 908 sq/ft of living space inside a nice 5,271 sq/ft lot. Everything has been cleaned out and ready for your team to complete rehab work.

428 South Oakland Ave, Indianapolis, IN 46201

Purchase Price: $19,000 

Features: Wood Construction

Initial Repairs: $12,000-$15,000 

School: Indianapolis Public

Closing Costs: $570 

Year Built: 1900

Cash-On-Hand Return: 14%

Cash-Flow: $405 monthly

If you are interested and would like to move forward with this purchase, please call or text 

Thank you.

-Carlos

-CFA Investments LLC

Check this this article I was reading the other day.

City to Consider $15.2M in Bonds For Downtown Projects. If this passes, I think we all can agree property values around downtown will continue to go up, specially in Fountain Square Area.

Speaking of Fountain Square, check out this single-family opportunity in the Prospect St/Saint Peter St corners of Indy, within less than a mile of growing downtown Fountain Square. This is a 4bed/1bath single-family home with 968 sq/ft of living space inside a 5,227 sq/ft lot. This is a full rehab that will take some imagination. Comparables in the area vary depending on the level of building materials, but some single family homes have sold for over $130k, including

1) 1308 Villa Ave-Sold for $140k on May 10th 2017 with a distance of .5 miles

2) 1635 Fletcher Ave-Sold for $184.9k on April 28th 2017 with distance of .8 miles

Property is ready to start renovating.

1033 Saint Peter St, Indianapolis, IN 46203

Purchase Price: $27,000 

Features: Wood Construction

Initial Repairs: $20,000-$25,000 

School: Indianapolis Public

Closing Costs: $1,350 

Year Built: 1896

ARV: Will Vary

ROI: 30%-35%

Lot: 5,227 Sq/ft

For Comps and more PICS please click HERE

If you are interested and would like to move forward with this purchase, please call or text

Thank you.

-Carlos

-CFA Investments LLC

Hello @Account Closed

We are real estate investors of multi-family in some midwest markets. I was actually in Saint Louis few 2 weeks last month. Would have been great to connect. What type of property are you looking to buy?

@Eric Doss

98% of my wholesale deals are virtual. I am wholesaling residential in a few midwest markets. Last month I closed on two single family homes that are located in Indianapolis, all from the comfort of my office here in SoCal. PM me

Hello @Danielle Friberg

Look at linear markets like Indy, Memphis, Saint Louis, Columbus, Nashville etc. Lots of great things going on in the midwest. 

I am assuming you are looking for some better cash on cash on your down? 

Hey @Cole McKeon

Their is tons of info on here. Keep listening to those podcasts. Read all types of real estate related books. Go to tons of meet ups and Seminars. 

Their are people here in Southern California that are making real estate cashflow. It all depends on your strategy and the tenant you are trying to serve. One single family home can service our vets, big families visiting town, sober living, assisted living, business people, or your typical CA resident. That same single family home can gross drastically depending on the your strategy. If you are just looking for cashflow, you don't even have to own it. Know your tenants, study your market, continue to build your team. Good luck! 

@Joshua Batic

Welcome to BP. What a great age to be already thinking about investing in real estate. Rich Dad Poor Dad book changed my life as well. Continue to read and learn. Podcasts and seminars, and lots of meet ups! Good luck on your CPA exam! 

@Brian Myers

All those areas are great. Most of the north side of Indy is also way nicer, lots of development projects going on. I see their are a lot of people killing it with the AirBnB over there. Since you live in Indy, look into an FHA 3.5% down on a 4 unit. Cashflow king if all 3 units are AirBnb

@Konrad Utterback

First off, congrats about even thinking about real estate investing at such a young age! That is awesome. Here is what I will suggest since you are starting out. 

Learn learn learn. Read all the bigger pockets books and more. Listen to all the podcasts. Go to seminars. I once paid 5k for Rich Dad Coaching Course but it allowed me to buy my first cashflowing duplex. Seek advisors and mentors.  Get more capital. Look into wholesaling, which is a quick way to earn some cash. Start thinking bigger. The process of buying a duplex vs 75 unit property is about the same, just more zeros. Good luck !