All Forum Posts by: Logan Day

I know this question will come off as quite nebulous, but I am going to ask anyways!

I think I am stuck in analysis paralysis regarding going in on my first real estate investment. I was very interested in multi-family from a scalability standpoint to get into the game, but now I am studying more on STR's on the coast. It seems very profitable and also something that I can get into with lower capital with a partner. When you guys and gals started out, how much cash on hand did you have available, specifically anyone that has invested during the pandemic. At this point, I am overthinking it and could use some brains that have been there, done that!

As always, thanks for the support BP community! 

@Joshua Strickland Thanks for the tip! I will definitely look into this.

Anyone in here have any experience investing in STR's in beaches in Alabama or Florida(within a few hours of the AL-FL line).

My partner and I are just starting out and looking to invest in a 3-4 bedroom home, relatively close to the beach.

Everything seems overpriced, but the cash flow is there. 

Are there any resources/groups that specialize in this that are local to the area?

Thanks in advance!!

Hi all,

I wanted to get the brains at BP's opinion on this.

I was looking into beach front homes to use as a STR in FL. I am hoping that I can use a 10 percent down loan for this and classify it as a vacation home. I want to bring a partner in to mitigate risk and also cut down on the amount of capital needed to fund the deal, since most of these homes are in the 650-750 range.

Is the logic sound here or am I missing something on how this loan could work? Would it even be possible to use a partnership and still qualify for this type of loan? Apologies in advance. I am brand new to all this and still learning every day.

Thanks as always!

Hi BP community,

Are there any particular areas in Alabama or the SE in general that you tend to see positive market trends that would be a good fit for an aspiring multi-family property investor?

MLS is quite unreliable, but speaking on the Birmingham area alone, I do not see many properties that I can could really make a solid deal on.

Huntsville, AL looks very promising, but I am not as familiar with that area though unfortunately.

Any experienced investors want to lend some words on wisdom here?

Thank you all!

For anyone in the Birmingham, AL area. Any real estate investing groups in the area that you recommend?

Thanks in advance to any suggestions.

@Lara White Absolutely. SFR's are definitely in my sights as well. My worry is the ability to cashflow with prices being what they are at this moment. It seems to me that off market deals would probably be the better way to go about those.

Hi @Lara White

Yes, I am from Alabama, born and raised. I just recently moved back from ATL after going fully remote for my day job.

I have been trying to soak up as much information as possible through BP forums, webinars, podcasts, and I own a couple of their published books as well.

Thank you for the tips, I am excited to step into this world and try to get it going!

I am new to the game, but I am trying to get my foot in the door! I am primarily interested in multi-family units in the state of Alabama. Currently, I reside in Birmingham, but I am more than aware of the hot market and limited opportunities for a new investor. My question is there any experienced investors in the area that could lend some honest tips on some bottlenecks to avoid when beginning this journey? I am thinking about a partnership with a colleague to allow me to have some additional capital to get in on a 2-4 unit deal. I realize this is quite general, but I am more than willing to contextualize my situation and goals, just hoping to get some input on some individuals with some experience in this area, or even the South East in general. Thanks for anyone that gives this a look!