All Forum Posts by: Chatree C.

Just found this month-old thread. Back in 2010, everyone was telling us to buy a place. We didn't know much about real estate but I wanted to live in Mountain View at the time so we got in to a contract for $580k for a 2/2 condo one block from downtown Mountain View and Caltrain station.

While in contract, we found out that the empty parking lot nearby will turn into apartment and we foolishly pulled ourselves out and rent instead… today it's very hard to find inventory in that area (perfect rental location and near zero vacancy) and the price for that 2/2 condo went up to 1M already.

Interested and emailed for more info.

Hi @Craig Micon thanks and glad that we connected, hope to see you in SF soon.

@Rodney Kuhl that's great to hear. I think actually the property is in Emerson Heights, just north of Bosart Brown. I'll PM you details. Thanks a lot for helping out someone who starting out like me. If I'm in Indy, hope we can meet up in person too!

Hi everyone, I'm an aspiring investor from the Bay Area. I used to live in Indy for 5 years for up until '08 and now want to invest back in Indy. I've been looking mainly at areas right outside of 465 and Meridian-Kessler only B or A properties since I'm new to all this. But now 46201 caught my attention since it's not far from Fountain Square and maybe it's on the verge of changing too. Would you consider this area C, C+?

I have a deal potential on N Bancroft st (& Michigan) which is in Bosart Brown neighborhood on the East side of 46201. Wonder if anyone can let me know if this is an ok area to consider or is there any part of 46201 to focus on or avoid.

I plan to fly to Indy too early next year to drive around and get to know people and build relationships for my future investments. Many thanks and stay warm!

Hi @Account Closed great point about learning how to structure a deal is a better way to go. I have a long way to go. I should have included that I didn't mean to find guidelines or good numbers to follow. Just more on the curious side that I want to see how big a difference among different markets. Also would be interesting to learn about criteria that's not commonly used (for example, $X cashflow in 3 years - this one value growth in addition to the current number)

Hi everyone, I'm an aspiring investor and while I read and learn as much as I can on Biggerpockets, one thing I realized quickly was the drastic difference in each market. For example, 1% rule is highly unrealistic where I am in the Bay Area. But that doesn't mean there's no deal to be had.

I always heard about different rules or guidelines that people would use to evaluate their deal, or to say No to a deal. For example:

- 1% rule

- $100 cashflow per door

- $300 cashflow per door in 3 years

- Cashflow positive even if it was 100% financing

- and so on…

 All these guidelines don't apply to all markets. I'd love to hear from you what is your rough guideline and which city or neighborhood it applies to. I understand there are many other factors but I think we all have some generic threshold in mind to quickly weed out bad deals. Let's share your number and help us all understand the state of different markets.

Thanks!

Hi @Anurag T. I'm also in the Bay Area and looking into investing in Indy! I'm new to real estate investing but have lived in Indianapolis for 5 years so I felt that I at least know some of the areas and doesn't go in totally blind. Still considering Turnkey or making connections over there, though.

@Account Closed great to hear that you don't believe that the market will crash soon. I don't have enough knowledge to debate on that so perhaps we can think of it as a hypothetical question. I just want to get different take on how people prepare themselves if that happened.

@Dustin Palls I like your strategy of focusing on strong areas and planning to do that as well even though they cost more. I bought my primary residential back in 2013 in the Bay Area so I saw the  value grew, at the same time wondering if entering real estate investment market in 2016-2017 would be much more risky since the price is so high and the market is slowing down. I want to get my feet wet so that if the inevitable happens, I have experience and can be more aggressive in investing when the price went down.

@Derrick W. "An A can move to a B but there is no one to replace an empty A" <-- word of wisdom. Also good point on having enough cushion to survive even if you have to drop your rent.

Hi everyone, newbie here. I'm planning to buy my first investment this year. I'm trying to do as much due diligence as possible to protect my investment and assets if the real estate market crashes in the future.

For buy and hold strategy, is it enough to make sure cash flow positive (actually not easy in my area) and account for enough unforeseen expenses? I wonder how you all prepare your investments for this.

It would be nice to hear from folks who had been through the previous market crashes as well. What you learned and what you wish you had done differently.