All Forum Posts by: Matthew Powell

I am closing on my first rental property and negotiating a couple more. Very interested in Huntsville and want to tap into this market. Active duty Army looking to connect and build a team.

I am also looking into Birmingham. As well as Huntsville, Montgomery, Columbus OH, and Milwaukee WI. for multi-family properties. I live in Huntsville currently and will be transitioning to lower Alabama this summer. Happy to try and help.

I am in Huntsville and looking to break into this market as well. I'd be happy to help you out and maybe we can JV something.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $90,000
Cash invested: $20,000

First investment property!! Negotiated a private loan with 3% interest for 20-years with a $90k selling price. The conventional loan rate was 7.625% for 30- years on a selling price of $100k

What made you interested in investing in this type of deal?

Numbers worked in my favor for cash flow

How did you finance this deal?

Private lending