All Forum Posts by: Jameel Jason

@Omar Khan ,@Ned Carey ,@Alina Trigub thank you for responding to my post. 

I do have money reserved. I was just interested to learn more about creative ways to get large multifamily deals with little to no money down. I am also thinking more along the lines of BRRRR for large multifamily. Even if I do spend money I want to be able to recover it so I can repeat the process.

Hi Everyone, 

I am really getting into multifamily in the Indianapolis area and I am looking to scale my business to the next step.  A friend of mine who is a buy and hold investor for large multifamily units told me that he prefers to do larger deals because of the cash flow.  So far it's working wonders for him and he is only been in the game for 2 years. 

I would love to understand what creative financing options are out there to do large multifamily with no money or little money down? I have heard of sellers carrying 2nd mortgages for down payments. What other ways can you do it? 

Thanks

Hey Everyone,

I just got started out this year with real estate investing. I purchased my first duplex in Indianapolis and it feels good to be able to embark on this journey. Indianapolis is my go to market and now that I have made the first purchase I want to do more. I didn't apply the BRRRR strategy for the first deal but for my next deal, I really want to gain experience doing it. My goal is to get to 100 properties in the next 5-6 years.

I have been looking into wholesaling and trying to find some people in the Indy area that can help me out, but I guess what I am trying to understand is what is the best way to find wholesalers or/and in your experience what is the best way to find off-market deals? 

Any insight or advice is much appreciated! 

Hi everyone,

I love what I am seeing in Indianapolis so I wanted to reach out and see if anyone had any suggestions about who to work from an out of state investor perspective. Ideally, I am looking to purchase multifamily units (duplex, triplex, or 4plex) so any suggestions or connections (realtors, PM) would be much appreciated. I am also interested in learning more about your experiences in this market (good or bad)! 

Hi BP community, 

I have been searching the internet trying to gain as much knowledge as possible about cash flow markets to invest in. I am looking to invest in multifamily units (Duplex, triplex, or 4plex) in Indianapolis. Ideally, I am looking for B- or C+ neighborhoods with a cap rate of anything between 7-8%. 

I have been hearing the Indy market is oversaturated and its difficult to find good deals so BP community I was hoping you could share your experiences working with realtors. Any suggestions? Any companies you think I should work with or realtors you think I should stay away from - please advise! 

Thank you, everyone, for responding to my post. @John Casmon I appreciate the overview on Cashflow markets. I have been toying with the idea of Detroit - it's just so far out. My reasoning for Chicago was cheap entry.  I was thinking about finding a location that qualifies for section 8 tenants and renting it out to them.  I guess it would make more sense to (as a starter) to look for a place that is landlord friendly.

@Mike D'Arrigo just sent you a PM.

@Elbert D. I am not looking to flip - I want to purchase multifamily units for rental purposes.  I'd love to learn more about your journey. 

@Max Gradowitz 

@Max Gradowitz  I just looked into Kern County - it seems like a good place to invest. Do you own some rental properties out there? If you have anyone you could put me in touch with - it would be much appreciated. 

@Garrett Hawk thank you for the response. If you would like to send me some options that would be great! 

@Jared K. I would open to connecting and looking at some examples you have. 

@Todd Dexheimer this is a great blog. Very detailed. This is going to help broaden my horizon. I wonder if Chicago would be a good option for low-income multifamily units? It seems as though you could by a 4 unit for $400,000 and rent it out to section 8. What are your thoughts on Chicago and low-income family units? 

Hi everyone, I live and work in San Francisco, CA. I am new to the buying and selling world of real estate. As a strategy, I am thinking about owning multifamily properties (out of state). As a starter, I am looking to invest in 10+ units in emerging or high cash flow markets. My research is telling me that Kansas City,MO, Jacksonville,FL, Memphis,TN, Indianapolis, Cleveland,OH are hot spots. The problem that I am having is that a) are these markets too saturated? And b) what are some ways to find apartment buildings for sale besides sources such as loop.com? I am in the information consumption phase so any insight/guidance would be much appreciated.