Where to look for my first Rental investment

Question

Hi all, I have recently posted that I am new to rental property investment. I do have an STR in Dominican Republic but I would like to begin to build a portfolio here In The states. Now I have gone to Zillow and and other sites like that to look for properties. Using the 70% rule I'm sure does not apply to those listed there. So I guess I'm looking for help to tools to find the first one. Thanks. I have plenty more questions but, for a later time.

Benjamin Carver · Answer

Easiest place IMO is your own backyard. I think Raleigh Durham does very well for STR, it does for me and many others I know. But if you do it right STR can be done from just about anywhere.

Aliza Altobelli · Answer

Hi Luis! I work with REI in Raleigh. Ill PM you :)

Tyler Zepp · Answer

Hi Luis! If you're open to other areas I am in Northeast Ohio which has a lot of potential! I would love to connect about this I will reach out via biggerpockets.

Luis Lozada · Answer

Yes, I'm in NC, Johnston County area. I would like to start in NC if possible but I'm open to other areas. Mid to high 200's for single family 300's for duplex.

Braedon Page · Answer

Any particular area in the states you're looking at? What's your budget and targeted returns?

Nathan Gesner · Answer

Educate yourself on how to find off-market deals. Driving for dollars, direct-mail marketing, networking, etc.

When Brandon was on the podcasts, he used to tell everyone to "put it out there" for the world to hear. This involves getting clear on what you are looking for, narrowing it down to a 30-second pitch, and then telling everyone and their brother about what you are looking for. Someone will eventually come across an opportunity that works for you.

Example: I'm a real estate investor looking for a fixer-upper, single-family home or up to four units. I am looking for distressed properties like hoarder houses or someone who wants to sell off-market quickly. I would appreciate it if you could let me know if you come across anything.

Lucas Gallaher · Answer

You're in a great place for investing, though I think you should try contacting local real estate agents or even look specifically for auctions/foreclosures. Establishing relationships with local real estate agents who specialize in investment properties can be incredibly beneficial. They often have access to listings before they hit the market and can provide insights on upcoming opportunities.

hope this helps-

Jonathan Greene · Answer

Stop looking online and find an investor-friendly agent in your target area. If not, you are just flying blind and being a consumer, not an investor.

Where to look for my first Rental investment

Where to look for my first Rental investment

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