All Forum Posts by: Darrin Carey

We just did the one for this month. A bunch of great people there. You'd like it.

I'm in the office most of this week until 6pm. Feel free.

We do rental loans too.

Most of WPAFB are mid level military, and a lot of civilians. Only a very small percentage are new enlisted troops. Look up the BAH tables, and that will give you a good idea.

Military personnel have a huge pay range, from the low paid new recruits, to the well paid senior leaders, and everything in between.

Fannie/Freddie have loan limits, but theirs is an artificial world focused on owner-occupants. Investors are an "also ran" with them. In my world, there is no limit on the number of mortgages you can have. (A friend of mine has over 100 bank mortgages......)

If you're buying properties that are reasonably decent, a good PM can handle getting them ready for rent. Full rehab contractors are in short supply locally, so be aware there may be delays in getting work started. I bought one 3 months ago, and rehab started this week.

When you look at your goals/doors, keep in mind higher projected returns with lower priced houses come with much higher risk and drama. It's something that not enough people talk about.

My number is on my profile if you want to chat. 
If you can time it correctly, we host networking the 2nd Monday of every month. Here is a link to the September one.

https://www.biggerpockets.com/forums/521/topics/747955-dayton-rei-meetup-sept-2019

Come join Dayton area Real Estate investors for food, fun and beverages. Build your network and meet other Dayton investors. This is a networking event to make connections, share knowledge, experiences, strategies, and have a little fun while we're at it. We promote teamwork with your peers to help everyone succeed.

Here you can learn something, find a deal, sell a deal, or find that agent or contractor you're looking for.

Join us: T.J. Chumps in Fairborn, OH, right off interstate 675. We'll be in the private room on the left past the hostess station.

Oh, you should expect 60-70 people to be there. The event says it ends at 8pm, however, some of the real estate addicts stick around and close down the restaurant.

Come join Dayton area Real Estate investors for food, fun and beverages. Build your network and meet other Dayton investors. This is a networking event to make connections, share knowledge, experiences, strategies, and have a little fun while we're at it. We promote teamwork with your peers to help everyone succeed.

Here you can learn something, find a deal, sell a deal, or find that agent or contractor you're looking for.

Join us: T.J. Chumps in Fairborn, OH, right off interstate 675. We'll be in the private room on the left past the hostess station.

Oh, you should expect 60-70 people to be there. The event says it ends at 8pm, however, some of the real estate addicts stick around and close down the restaurant.

Those are a lot of good questions, but a large part of the answers depend on your goals, objectives, and investing style. 

Personally, I like renting to the Military, but it's not a specific target market for me. Huber, Kettering, and Fairborn have a lot of Military and a close enough to the base. Generally anything within about 20 miles or so is close enough for the majority of base personnel.

I find my personal sweet spot seems to be neighborhoods where the ARV on a 3 bedroom runs from 70-120k. Other investors prefer areas with higher or lower values. If the ARV is lower than that, the long term appreciation potential starts to diminish.

Make sure you get an excellent local PM. There are huge differences in performance, and being remote, that will make or break your investments.

Structured like that is a problem. It's clearly acting as an agent which is prohibited by law.

@William Melikyan

If you are looking to lend money directly, you have to be REALLY good at screening people and deals. Not to mention getting the paperwork right.

There are rules to put in place that you never ever violate.

Despite that, some loans will go bad. Then you need to deal with that, foreclosure, and owning a property where you were the lender.

Lots of things to do right.