where are people buying investment properties that are at least 10 caps? You can find them in Ohio (easily) but, where else. Someone mentioned certain parts of Texas. Are there investment properties in your market that are smart buys...do tell.

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Tim and Julie Harris

Tim and Julie

I'd like to see the 10 + cap properties. Who are the tenants, terms of lease etc...Who else is doing these kind of properties? Are there any ccims amongst us?

Tim Rhode

in our old home town of Columbus Ohio you can get a 2 family that will rent for $900 both sides...for $50k or less. We have purchased buildings for as little as $25k....put in maybe 12k, rented the sides for $400-450 per side.
MARGINAL area. Not on whore hill or oozie alley....but, down the road.
NO appreciation. Only cash flow.
If you want units like these let me know...I will hook you up with local agents who know that end of the market.
Sam Miller has units in his market that would probably work as well.

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Tim and Julie Harris

Properties like these are great during your wealth build up stage. Challenging to obtain a good annual net profit. Seemed like I always had repairs or a vacancy come up to rob my profitability. Must have holding power for the downs, and put aside profits to build more profit centers. Then exchange into easier to manage propertiesa as you build. Thats my experience to date.

Tim Rhode

agreed 100%.
diversity is the rule.
The best way to build wealth is helping others to do the same.

starting businesses that help others to accomplish their physical, financial, spiritual, educational goals is the path that seems to assure true wealth.

Someone once asked me while at a speaking event what true wealth was....what are others opionions?

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Tim and Julie Harris

My husband, Dennis, almost has his CCIM. He specializes in Commercial Real Estate and knows his stuff. Kristan Cole has hers too. Dennis can lead you to some 10 cap investments. Several in Indiana that we are dealing with right now. We agree with Tim Rhodes--Commercial Investing has been great for us! Dennis can be reached at 219-712-1366 or dennisc@kw.com

Love this site.

Jana Caudill

Hi Jana,

Please ask your husband to join and maybe start introducing properties to the group. Maybe he introduces a property per week that he thinks is a no-brainer buy. Mix up the selections...cheaper stuff one week and some big building the next. He explains how the money would work, cash flow etc. He would certainly get business from this and we would have the opportunity to learn.

Tim

PS thanks for the kind words about the site.

Yeah Jana

I did the 1st 2 ccim courses then got busy, and I haven't finished them.Great classes
I would like to talk to your husband and see whats available in Indiana. I bought a building in Knoxville TN. that will close in Nov. and have a few other exchanges on the horizen.
I would like to hear what others are buying for their own account and how thats working for them. Good tomodeleach other in this area also.

Tim Rhode

Tim,
I found loopnet.com to be helpful and it cost 495 per year for members. I have found many there and even a 15% cap in a strip mall in Mississippi. You can submit a cap rate and press search property and all commercial, industrial, multifamily come up across the US...
I have $500,000 equity to identify property right now and can buy at least one million. Anyone out there have 10 plus caps with great growth tenants or something else good...Fred

Yeah Fred,

I see high caps on strip centers etc...on loopnet (which you can actually search, find properties, contact the listing agent and get tons of info for FREE!) Go to loopnet.com and set up your search perameters.
I personally go for single tenant NNN properties. I give up higher mthly income in exchange for a guarenteed long term corporate lease. I WANT MAILBOX MONEY. I don't want to worry about re-leasing properties to smaller local companies. I also look for a quality location in the path of growth.I also want a solid building that is not a single purpose building (like a Jack in the Box) in case the tenant does ever leave.

Thats what I look for... I'd love to hear what others are doing?
Fred, have you found anything yet?

Tim Rhode