All Forum Posts by: Cliff C.

Can anyone recommend a turn key company in Indianapolis? I would like to discuss what they have to offer Thanks!

Still learning here.... Can property taxes in different parts of the city be any indication of the type of neighborhood? I would expect for higher taxes to be paid to faster growing and more affluent neighborhoods as the tax payment requirements go up. What are your thoughts? Thanks in advance! I am soooo ready to buy my first property and start my buy and hold business for the next 30 years!!! Any help, insight or advice is appreciated.

Hello all! I'm still a newbie and am looking for a good market to find buy and hold investments. I live in Nashville and the market is HOT right now. It hard to find deals under $100k in a C neighborhood. The good about Nashville is there is a lot of population, economic and job growth. My issue comes from buying at the top market price and the deals are all well outside Nashville city limits. I have lived outside of Nashville and remember the impact 2007 had on our property values. We have since recovered but It feels similar to 2007 in Nashville when the bottom dropped out. My question for you investors is, do you suggest buying real estate at a premium based on all of the projected (and real) growth (appreciation)? Or should I base my decision on cash flow in a different market. Thanks! Cliff

Newbie here in Nashville. How would you suggest getting started investing in apartment complexes in either Nashville or Memphis markets? Thanks!

New investor here...great thread! Would someone explain why a small multifamily (4plex) C property with a 10% cap (including PM fees) is more at risk than a SFR? I really want to start investing but am being patient for right time and deal in either the Nashville or Huntsville markets. Nashville seems very inflated right now and Huntsville seems to flux less. Thanks and great discussion!

When you do a refinance to get your money back out, what are the requirement? Won't lenders require the 20% equity in the house from your down payment? Or can you refi to a higher LTV%? Thanks!

Hello!

I am a new investor and looking for my first deal. I have been looking around on BP for the past couple of months and just joined. This place is AWESOME and I am learning a lot from this forum! I have decided to invest in small multi-families (quadplexes) to get experience with the goal of in 5 years to move to larger multi-family properties. I am in the Nashville area and this market is HOT right now. It is really a seller’s market and I do not believe it is the right time to invest in Nashville. As such, I am looking at surrounding markets that are within ~150 miles of Nashville for my first multi-family property (i.e. Memphis, Huntsville, Birmingham, Louisville, Indianapolis).

My questions are:

Will I make it too difficult on myself having my first property out of town?

I will make a personal visit to the property once every month. Would this be sufficient?

I have been receiving links to websites or memorandums showing gross rents and estimated expenses from the real estate agents. Can these number actually be trusted? How can I verify the rents and expenses they are telling me are honest and accurate?

Once I make an offer and have a quadplex under contract, what is my way out if I look deeper into the property and determine this is not the investment for me?

How difficult is it to sell a quadplex?

What resources do you use to get market data?

Thanks for all of your help!!