All Forum Posts by: Vernon Trice III

Of course @Todd Dexheimer we network with the older generations because they do have a lot of experience. I just had an idea to network with action-minded people in our generation. It is not an easy task to syndicate and invest in real estate at our age and using all of our resourcesfullness, we can upbring each other and create a strong network of young investors. I am starting a mastermind group for action people not idea people and its no charge or anything it is just a very closed group and if you are intrested connect with me on here.

My marketing company focuses on investor lead-generation, social media marketing, and advertising. A big problem I noticed in this industry is the adsence of branding and proper advertising. With the average syndicator being over 40 years old there is a demand for services in marketing such as mine!

@Kevin Cedeno

Welcome Kevin. Huntsville is absolutely awesome. I saw you mention STR! I currently own 4 LTR 2 in S Huntsville and 2 in Madison. Ive been tossing around the idea of STR there also. We definitely should have lunch sometime and talk about strategy!

@Jason Grey, I actually live just outside Gate 7 and agree.  Their even expanding the roadways out in this area to accommodate the increase in cars.  The ballpark is also being built just down the road.

 I currently buy my own properties in both Birmingham and Montgomery. Alabama has the second lowest property taxes in the country —you go to Alabama for cash flow you don’t go to Alabama for growth and appreciation. Alabama is a landlord friendly state and you can move a tenant out very quickly, in fact usually you don’t have to go through courts because the tenants know that they don’t stand a chance and they don’t want to risk getting that eviction stamped on their credit so you can usually kick them out on your own very quickly. 

Depends on the level of risk that you want to take for the type of neighborhood you’re going to be in. You can’t go  ZIP Code in Alabama it is really street by street neighborhood by neighborhood. You can have an A class neighborhood and two blocks away is a C class neighborhood so you definitely need to be working with somebody who knows the area and also someone who knows the up-and-coming areas. And then once you find a good property and the property is now rent ready you need to make sure you’re working with a good property manager. Property managers are probably the silent killer here. I have worked with several terrible property managers In Alabama and I have also worked with a couple of awesome property managers. 

As long as your expectations going to Alabama are for cash flow and you’re clear on your strategy and the type of area on the type of tenants you want it is a win-win situation. I do both turn key and I work with a local group that helps me renovate a couple properties with the brrrr type program. 

 I think turnkey is generally the easiest way to get started and get into a market as long as you’re working with a vetted turnkey company and they Have a proven track record and they are not trying to get you into bad areas or tell you that you have to pay cash-  if you work with the turkey company and they have to tell you that they only except cash or you should use cash only, then you need to run from them as far away as you can get—- the only reason why they would be telling you to pay cash is because they know the property is not going to appraise. 

Message me if you want to discuss this market further-  or talk deeper about property managers in this area. 

Hey @Shawn Costley, yes Sir, I'm at MDA. Is my understanding you guys at USASAC bring in the $$$. Is that right?

I'm concentrating on building a healthy local portfolio buying, fixing and holding long-term.  Eventually, I'd like to expand into the Tampa and Orlando areas.