All Forum Posts by: Ian Hutton

Hey I was wondering if there’s any websites/ tools you all use when it comes to your market research, and your more in depth neighborhood research? 

Analyzing a neighborhood, would this be a house by house basis to get an idea of the rent, insurance cost, property taxes, crime, and school district? 

@Drew Sygit so far just the one, lol still new to investing but wanted to be ready for my next deal while I build up funds. 

@Joe Villeneuve

I agree actually that zip codes can be misleading in terms of a neighborhood by neighborhood basis. Is there anyway to analyze a neighborhood on a more micro level? (Example city data.com or something) or does this need to be looked at by a house by house situation then add up the averages? I’d like to begin having a data map of what neighborhoods meet my investing criteria. 

Hey everyone, 

My question is what are the key components you look for when doing market research? I’m curious if I’m missing anything to my list so far I have (per zip code) also I currently invest in the Lansing area.

Projects in the next 10 years (expected start and end date) 

Average household income 

Crime score 

Average home price 

Population growth past 10 years

Who are the major employers 

And vacancy rate 

Job growth 

Tenet demographics

& government and taxes

Hey BP! 
I’m looking into getting my feet wet with Bird-Dogging

If you’re looking into the Tracy CA area or near by I’ve grown up here my whole life (30 years) and am a local driver as my W-2. If you need help finding properties in this area please reach out and we’ll see if we’re a good fit for one another.

Thanks and hope to hear from you soon!

@Andrew White

lol thanks you as well my man! 
let’s keep each other posted if we can help out one another in anyway. 

Nice honestly this helps out a lot, I really like the idea of using my own money as the cheapest way to get in, then waiting for the right time to use the HELOC, because in my eyes the more time I wait to use it ideally the more my equity grows. Also if I purchase another property without the more can dedicate all cash flow into paying off the Heloc as well.

Also I feel like the quicker you pay it down/ have more accets before using the HELOC the better your debt to income ratio is.

@Seth McGathey

@Seth McGathey

Hey thanks for the speedy reply! I’m 30 years old, were there any unexpected terms you ran into with your Heloc like an adjustable rate for example? Also I suppose almost sounds like the quicker to pay off the better are there any penalties for that? 

Lastly for my goals what would you suggest I do with my age and were I want to be? Better to simply save 25k in 1.5 years for next down payment or try to speed things along with a Heloc 

Hey BP I don't need to do this, (currently at a savings rate of 2k per month) but I'm always looking into different strategies. Right now @30yr I have 2 rentals and moving towards the next. Plan is to invest into SFH and put 25% down through my own cash and savings (purchasing 95-130k homes)

I do have equity though in the two properties in total of around 175k. However like I said strategy is SFH in the beginning then ideally grow into multi family.

Is taking out a Heloc always a bad idea for long term or does it depend on the terms of the Heloc? Also what’s your two cents in what I should do here. Stay the course or look into switching things up? Long term goal is to earn 20k per month in cash flow by age 50 and ideally 10k by age 40. 

Thanks in advance and hope to hear from you soon