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All Forum Posts by: Gorden Lopes

Gorden Lopes has started 33 posts and replied 284 times.

Post: Looking at 4 units in Huntsville. What do you think?

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Peter McDonough@Peter McDonough

Thanks a lot for the great insight! I am currently looking at a 4-plex near Golf rd sw, 35802. You mentioned "East of the parkway for 35802 is safe,". Was just curious how bad is this street.

@Adam Philpot Thanks for starting this thread! There is just so much to learn from just following the forum threads! 

I have been investing in huntsville for a year and half and it seems like I have so much more to learn!

Post: Our first BRRRR property

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Richard Locklair

Great job on the BRRR! The numbers look great!

Congratulations on your success!

Post: Looking to Network in Chicago

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Milian Bonillo

Thanks for this thread! I am interested in buying a buy and hold cash flow property and would love to connect with you.

Please add me to your mailing list.

Post: Looking to invest in Huntsville, AL

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Rebecca P.,

I started by looking at turnkey properties in Birmingham and as I was sharing my new found interest in real estate investing with my friends, one friend mentioned that his cousin works in Huntsville and that his cousin loves that city! :) Thats how I got interested in the rocket city and after I visited Huntsville I totally agree with my friends cousin! :)

This was almost a year and half back! 

I totally agree with you that the interest in Huntsville has just spiked! So much so that we have a Out of state huntsville investors google group just in San Francisco/Bay Area California! 

Post: Looking to invest in Huntsville, AL

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

Hi @Eryka Santoyo!

I am a fellow out of state investor and can definitely recommend my PM and my realtor! I have been using my PM for the past 8 months and I am happy with them as of now.

pm me if you have any question and I would be happy to help.

-Gorden

Post: HELOC vs Refinance-Out of State Rental in Hunstville, AL

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

Hi @Shelley J Rogers

I am a out of state investor as well and recently did a cash out refi on one of my rentals. Feel free to PM me and I can share my local lender. I have had great experience with them.

-Gorden

Post: Ready to invest, looking at Huntsville, AL - visiting in May!

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

Hi @Joseph Breamer!

I am a out of state investor myself and just finished BRRRing my second property in Huntsville. PM me and I can give my referrals for investor friendly agents that I have used. I have referral for local lenders for cash out refi as well when you need it.

Based on my understanding the south west side of the city is seeing more growth but the deals might be far an few on this side due to high investor demand. There are some good areas on the northern side but you need to do your due diligence but the numbers might be more tempting there.

There are lot of "deals" in 35810 area but as @@Peter McDonough has mentioned they are mostly class C and class D areas.

My 2 cents.

Post: Any Insight Into Huntsville, AL?

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Michael Jones

Congratulations on starting on this journey of real estate investment! I am a fellow out of state investor and I would agree that Huntsville AL is a great market! The BP group is very active and I have got great insights from @Tim White and @Zachary C. and many more such friendly guys! People are happy to share their knowledge!

I purchased two properties in last 8-9 months and planning to buy few more this year!

Happy to answer any questions that you may have! I am in the same boat as you! :)

-Gorden

Post: Investment Advice in Huntsville Zip code 35810

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

@Shabii Dilmagh

I am an out of state investor and if you are an oos investor like me then my I recommend staying in B/C neighborhoods. 35758 is very hot right now. But there are so many other zip codes where you can get decent cash flow with good opportunity for appreciation.

My 2 cents.

Post: My first real estate investment after 8 months of BP podcast!

Gorden LopesPosted
  • Rental Property Investor
  • Fremont, CA
  • Posts 298
  • Votes 221

Hi @Kwadwo Boafo

I put 20% down for the loan and then put 6K more for the rehab.

-Gorden