Looking to Connect with Experienced Rental Property Investors

Los Angeles County, California
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Looking to Connect with Experienced Rental Property Investors

Ivette Raygoza
New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes

I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

Looking forward to connecting and learning from you all!

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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
1y

@Ivette Raygoza

hello. if you're serious about investing out of state i recommend picking a market and spending time there in person building a network, visiting properties in person, meeting people, and getting to know it. (if there's a market you're already familiar with because you have family there, or like to visit, or it's close by, so much the better.)

and if you can't do that... then i wouldn't invest OOS.  there are too many forum threads from investors - especially CA investors - who picked a market solely because it was "cheap", bought a random property, and immediately got crushed and lost money.  this will set you back.


tenants breaking leases and excessive damage make it hard to be profitable

Memphis Turnkey Tenant Turnover Costs

Sell at a loss or rent at a loss

https://www.biggerpockets.com/forums/963/topics/1195280-expe...

https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

https://www.biggerpockets.com/forums/48/topics/1137397-balti...

https://www.biggerpockets.com/forums/52/topics/1010977-12-00...

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  • Joe HomsBusiness Member
    Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
    1y

    @Ivette Raygoza always happy to connect with someone local.  Check out this meetup as well.

    https://www.biggerpockets.com/forums/521/topics/1233018-ocre...

    Good Investing...

    [email protected]949-625-4533
    2Reply
  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Ivette Raygoza:

    I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

    I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

    If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

    Looking forward to connecting and learning from you all!

    Hi @Ivette Raygoza, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"?

    [email protected]
    1Reply
    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      1y
      Quote from @Ivette Raygoza:
      Quote from @Jaycee Greene:
      Quote from @Ivette Raygoza:

      I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

      I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

      If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

      Looking forward to connecting and learning from you all!

      Hi @Ivette Raygoza, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"?

      I'm currently seeking single-family homes. I'm open to properties that have room for improvement but can also be considered turn-key. At the moment, I'm still determining my exact price range and down payment amount but will be looking for something that fits within a reasonable budget

      @Ivette Raygoza Are there any OOS markets that you are drawn to, either because you've lived there before, you have family or friends that live near there, or it's somewhere you travel frequently?

      [email protected]
      0Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Jaycee Greene:
      Quote from @Ivette Raygoza:
      Quote from @Jaycee Greene:
      Quote from @Ivette Raygoza:

      I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

      I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

      If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

      Looking forward to connecting and learning from you all!

      Hi @Ivette Raygoza, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"?

      I'm currently seeking single-family homes. I'm open to properties that have room for improvement but can also be considered turn-key. At the moment, I'm still determining my exact price range and down payment amount but will be looking for something that fits within a reasonable budget

      @Ivette Raygoza Are there any OOS markets that you are drawn to, either because you've lived there before, you have family or friends that live near there, or it's somewhere you travel frequently?

      Hello Jaycee. I have family living in Nevada and Arizona. I frequently travel to Nevada as it's only 4 hours away.
      1Reply
  • Denise SuppleeBusiness Member
    Realtor · Willow Grove, PA · Member since 2017 · 991 posts · 646 votes
    1y

    Hello @Ivette Raygoza, I co-founded and administrate a coinvesting club. We have open office hours every Thursday 3 PM Eastern where anyone can ask any question about investments or share some insights. It is a great way to meet others. I also would suggest local real estate groups on social media or in person. Most cities have them. I wish you much success on your journey!

    Spark Rental Co-Investing Club582 Reviews
    WebsiteView Page
    1Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Denise Supplee:

      Hello @Ivette Raygoza, I co-founded and administrate a coinvesting club. We have open office hours every Thursday 3 PM Eastern where anyone can ask any question about investments or share some insights. It is a great way to meet others. I also would suggest local real estate groups on social media or in person. Most cities have them. I wish you much success on your journey!

      Thank you Denise!
      0Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y
    Quote from @Ivette Raygoza:

    I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

    I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

    If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

    Looking forward to connecting and learning from you all!

    Hey Ivette,
    Welcome to BP! I would say networking is huge, and learning from others on this forum will help you a lot. For out of state investing I would recommend you choose a couple of locations and do your research on those areas, then see which area fits what you're looking for.From there build your CORE 4 which consists of finding a great realtor, contractor, property manager, and attorney. 
    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate541 Reviews
    WebsiteView Page
    1Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Kerlous Tadres:
      Quote from @Ivette Raygoza:

      I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

      I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

      If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

      Looking forward to connecting and learning from you all!

      Hey Ivette,
      Welcome to BP! I would say networking is huge, and learning from others on this forum will help you a lot. For out of state investing I would recommend you choose a couple of locations and do your research on those areas, then see which area fits what you're looking for.From there build your CORE 4 which consists of finding a great realtor, contractor, property manager, and attorney. 
      Thank you for the pointers Kerlous!
      0Reply
  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    1y

    Welcome, Ivette! I own 12 doors in Detroit and have extensively documented my journey—everything from building my portfolio to managing properties and scaling up.

    I publicly share my experiences, including real performance numbers and insights, so others can see what investing in Detroit is really like. If you’re interested, feel free to DM me, and I can send you the link. Happy to share insights!

    1Reply
  • Mackaylee BeachPro Member
    Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
    1y

    Hello Ivette, I would love to connect and discuss the Kansas City market with you. Having collaborated with numerous out-of-state investors, my aim is to help you find the perfect property that aligns with your financial objectives.

    [email protected]
    2Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Mackaylee Beach:

      Hello Ivette, I would love to connect and discuss the Kansas City market with you. Having collaborated with numerous out-of-state investors, my aim is to help you find the perfect property that aligns with your financial objectives.

      I would love to connect Mackaylee!
      1Reply
    • Jaycee GreenePro Member
      Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
      1y
      Quote from @Ivette Raygoza:
      Quote from @Mackaylee Beach:

      Hello Ivette, I would love to connect and discuss the Kansas City market with you. Having collaborated with numerous out-of-state investors, my aim is to help you find the perfect property that aligns with your financial objectives.

      I would love to connect Mackaylee!

      @Mackaylee Beach would be a great person for you to connect with! I know her personally, FWIW.

      [email protected]
      0Reply
  • Ivette Raygoza
    OP
    New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
    1y
    Quote from @Drew Sygit:

    @Ivette Raygoza

    Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.

    Why is Property Class so important for investors to understand and apply in their investing strategies?

    Because the Property Class dictates the Class of the tenant pool that the property will attract.

    The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.

    Both Property Class and Tenant Class affect what type of contractors, handymen and property management companies will work on a property.

    If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

    Or, if you put several Class D tenants in a Class A four-plex, what do you think will happen to the property?

    So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.

    We use the following to rank Property Classes, in order of importance:

    • Property Tenant Pool: closely linked to location, but not always.
    • Property Location: closely linked to tenant pool, but not always.
    • Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”

    Key metrics for each Property Class:

    Class A Properties:
    Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
    Tenant Default: 0-5% probability of eviction or early lease termination.
    Section 8: Class A rents are too high and won’t be approved.
    Vacancies: 5-10%, depending on market conditions.
    Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.

    Class B Properties:
    Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.
    Tenant Default    : 5-10% probability of eviction or early lease termination.
    Vacancies    : 10-15%, depending on market conditions.
    Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.
    Section 8: Class B rents are usually too high for the Section 8 program.

    Class C Properties:
    Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years. Verifying recent 2-years of rental history very important! Same for 2-years of job/income stability.
    Tenant Default: 10-20% probability of eviction or early lease termination.
    Section 8: Class C rents usually meet program requirements, proper screening still recommended.
    Vacancies: 10-20%, depending on market conditions and tenant screening.
    Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.

    Class D Properties:
    Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months. Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.
    Tenant Default: 20-30% probability of eviction or early lease termination.

    Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.
    Vacancies: 20%+, depending on market conditions and tenant screening.
    Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.

    Where did we get our FICO credit score information from?

    Check out this chart:

    FICO Score

    Pct of Population

    Default Probability

    800 or more

    13.00%

    1.00%

    750-799

    27.00%

    1.00%

    700-749

    18.00%

    4.40%

    650-699

    15.00%

    8.90%

    600-649

    12.00%

    15.80%

    550-599

    8.00%

    22.50%

    500-549

    5.00%

    28.40%

    Less than 499

    2.00%

    41.00%

    Source: Fair Isaac Company

    Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

    Metro Detroit has 132 cities, the City of Detroit 183 Neighborhoods, which we’re analyzing and classifying. Check out the map on our website where we’ve made this all easy to follow.

    We can also share numerous examples of properties & portfolios we’ve assisted investors with!

    DM us if you’d like to discuss this logical approach in greater detail!

    Thank you for the elaborated explanation about the different property class. I was definitely looking into class B and price A (only if the price is right). I would live to connect with you more Drew 😀
    1Reply
  • Rick Albert
    Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    1y

    Welcome! I'm a 2x house hacker here in LA and I own out of state investment properties. Happy to chat.

    1Reply
  • Joe HammelBusiness Member
    Real Estate Agent · Metro Detroit, MI · Member since 2018 · 614 posts · 666 votes
    1y

    Metro Detroit has what 99% of Real Estate Investors want. Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)

    I personally make well over $100k/yr cash flow from 21 properties here. All of which, I’ve purchased within the last 4 years.

    There are 2 types of people who dog on Detroit..

    1. People who don't actually own property in Detroit

    2. People who did it wrong and weren't able to execute.

    If you do it right, it’s arguably the best market to invest.

    Purchase: $80k-$130k

    Rent: $1100-$1500 (no rent control in MI)

    1% rule: .9%-1.4% rule deals

    Coc ROI: 4-12%

    Total ROI: 20-40%

    Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)

    Appreciation: 3-10%+ (has been double digit for a decade)

    Location: C+, B-

    These numbers are based on the "sweet spot" in Metro Detroit. These are largely in the suburbs and some markets within the city. You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases. Where these numbers are found, there is a very high rate of rent actually being paid.

    We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ford, Rocket mortgage, Beaumont hospitals and more. All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

    The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper. We don’t buy those.

    We have found what works and repeat it as much as funds allow.

    Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.

    Here is a picture of my portfolio if you/anyone is curious.

    [email protected]248-422-1685
    FIRE Realty Team - Keller Williams5379 Reviews
    WebsiteView Page
    2Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Joe Hammel:

      Metro Detroit has what 99% of Real Estate Investors want. Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)

      I personally make well over $100k/yr cash flow from 21 properties here. All of which, I’ve purchased within the last 4 years.

      There are 2 types of people who dog on Detroit..

      1. People who don't actually own property in Detroit

      2. People who did it wrong and weren't able to execute.

      If you do it right, it’s arguably the best market to invest.

      Purchase: $80k-$130k

      Rent: $1100-$1500 (no rent control in MI)

      1% rule: .9%-1.4% rule deals

      Coc ROI: 4-12%

      Total ROI: 20-40%

      Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)

      Appreciation: 3-10%+ (has been double digit for a decade)

      Location: C+, B-

      These numbers are based on the "sweet spot" in Metro Detroit. These are largely in the suburbs and some markets within the city. You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases. Where these numbers are found, there is a very high rate of rent actually being paid.

      We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ford, Rocket mortgage, Beaumont hospitals and more. All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

      The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper. We don’t buy those.

      We have found what works and repeat it as much as funds allow.

      Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.

      Here is a picture of my portfolio if you/anyone is curious.


       Thank you for the insight, Joe. Detroit keeps coming up, so I’m going to check out the area and see if it fits my needs. I’d love to connect!

      0Reply
    • Joe HammelBusiness Member
      Real Estate Agent · Metro Detroit, MI · Member since 2018 · 614 posts · 666 votes
      1y
      Quote from @Ivette Raygoza:
      Quote from @Joe Hammel:

      Metro Detroit has what 99% of Real Estate Investors want. Couple hundred bucks a door monthly cash flow, solid ROI, and yes plenty appreciation. (#1 appreciating city 2023)

      I personally make well over $100k/yr cash flow from 21 properties here. All of which, I’ve purchased within the last 4 years.

      There are 2 types of people who dog on Detroit..

      1. People who don't actually own property in Detroit

      2. People who did it wrong and weren't able to execute.

      If you do it right, it’s arguably the best market to invest.

      Purchase: $80k-$130k

      Rent: $1100-$1500 (no rent control in MI)

      1% rule: .9%-1.4% rule deals

      Coc ROI: 4-12%

      Total ROI: 20-40%

      Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)

      Appreciation: 3-10%+ (has been double digit for a decade)

      Location: C+, B-

      These numbers are based on the "sweet spot" in Metro Detroit. These are largely in the suburbs and some markets within the city. You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases. Where these numbers are found, there is a very high rate of rent actually being paid.

      We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ford, Rocket mortgage, Beaumont hospitals and more. All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

      The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper. We don’t buy those.

      We have found what works and repeat it as much as funds allow.

      Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.

      Here is a picture of my portfolio if you/anyone is curious.


       Thank you for the insight, Joe. Detroit keeps coming up, so I’m going to check out the area and see if it fits my needs. I’d love to connect!


       Sounds great Ivette! Happy to discuss further as you research the market.

      [email protected]248-422-1685
      FIRE Realty Team - Keller Williams5379 Reviews
      WebsiteView Page
      0Reply
  • Patrick Elias
    Member since 2025 · 8 posts · 7 votes
    1y

    Hey Ivette! I have been investing in long term rentals for quite some time now. Always happy to share any of my experiences!! You came to the right place to look for advice.

    One tip I can share that hurt me some time ago that I think would be helpful. If you are cash flowing on a property after PITI, double check the condition of the property and what type of CAPEX is coming up in the next 3-5 years and account for that. One AC goes or, or a couple windows and your cash flow could be gone for the year. I always recommend a minimum cash flow on $400 per rental property

    1Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Patrick Elias:

      Hey Ivette! I have been investing in long term rentals for quite some time now. Always happy to share any of my experiences!! You came to the right place to look for advice.

      One tip I can share that hurt me some time ago that I think would be helpful. If you are cash flowing on a property after PITI, double check the condition of the property and what type of CAPEX is coming up in the next 3-5 years and account for that. One AC goes or, or a couple windows and your cash flow could be gone for the year. I always recommend a minimum cash flow on $400 per rental property


       Any advice is greatly appreciated! I’m trying to take in as much as I can. I’d love to connect!

      0Reply
  • Aaron Ameen
    Investor · Houston, TX · Member since 2021 · 22 posts · 26 votes
    1y

    Hey Ivette, love that you’re being intentional about connecting—getting around the right people early made a huge difference in my own journey. I started investing while working full-time and raising a family, and over time built a portfolio across three states, including out-of-state rentals.

    A couple quick tips that helped me early on:

    • Start with markets where the numbers actually work. Cash flow is tough in a lot of areas—don’t force it just because a market feels familiar.
    • Property management makes or breaks remote investing. Even a great property won’t perform if the team on the ground isn’t strong.

    I’ve made plenty of mistakes and learned a lot along the way (and now help others navigate the same journey), so feel free to DM me—happy to share resources and insights to help you get started.

    2Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Aaron Ameen:

      Hey Ivette, love that you’re being intentional about connecting—getting around the right people early made a huge difference in my own journey. I started investing while working full-time and raising a family, and over time built a portfolio across three states, including out-of-state rentals.

      A couple quick tips that helped me early on:

      • Start with markets where the numbers actually work. Cash flow is tough in a lot of areas—don’t force it just because a market feels familiar.
      • Property management makes or breaks remote investing. Even a great property won’t perform if the team on the ground isn’t strong.

      I’ve made plenty of mistakes and learned a lot along the way (and now help others navigate the same journey), so feel free to DM me—happy to share resources and insights to help you get started.

      I’d love to learn from your experience! I’ll shoot you a DM. Thank you for being willing to share your insights and resources!
      0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    1y

    @Ivette Raygoza

    hello. if you're serious about investing out of state i recommend picking a market and spending time there in person building a network, visiting properties in person, meeting people, and getting to know it. (if there's a market you're already familiar with because you have family there, or like to visit, or it's close by, so much the better.)

    and if you can't do that... then i wouldn't invest OOS.  there are too many forum threads from investors - especially CA investors - who picked a market solely because it was "cheap", bought a random property, and immediately got crushed and lost money.  this will set you back.


    tenants breaking leases and excessive damage make it hard to be profitable

    Memphis Turnkey Tenant Turnover Costs

    Sell at a loss or rent at a loss

    https://www.biggerpockets.com/forums/963/topics/1195280-expe...

    https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

    https://www.biggerpockets.com/forums/48/topics/1137397-balti...

    https://www.biggerpockets.com/forums/52/topics/1010977-12-00...

    5Reply
  • Rick Luebbert
    Real Estate Agent · Memphis · Member since 2021 · 41 posts · 25 votes
    1y

    Hi Ivette! 

    I have been investing and have supported hundreds of investors build diversified portfolios in Memphis, Northern Mississippi, Little Rock, St Louis, Huntsville, Birmingham, Tulsa, Oklahoma City, Dallas / Ft Worth, Houston, and San Antonio. If you would Like to connect, I would be happy to support you in any way I can. 

    1Reply
  • Jackson Harris
    Realtor · Phoenix AZ, USA · Member since 2023 · 209 posts · 81 votes
    1y

    Hi Ivette, sent you a PM!

    I'm an agent and investor here in AZ. My partner and I have a portfolio of rentals, happy to connect with you on this market.

    0Reply
  • Allan C.
    Rental Property Investor · Member since 2018 · 826 posts · 810 votes
    1y

    I suggest you define your end goal first and then work backwards. Do you plan on having 5 doors, 10, 20+?  Also what do you value more - higher risk/effort with potentially higher yield or lower risk/effort? How much capital do you plan to ultimately deploy?

    higher returns is fundamentally a function of risk, efffort or barriers to entry. Since there is plenty of liquidity in the world, there is practically no more barrier to entry for residential real estate. Therefore returns are a function of risk and effort. Higher returns = higher risk/effort. Sure you can find a smooth patch for a few years with many asset classes, but if you hold for the long term you'll find the return vs risk/effort equation to be true. 

    Your initial goal of targeting A/B asset classes suggests you are less risk adverse. If that is the case, don't compromise and target a lower quality asset just cuz those pencil out better - you'll likely regret it. Once you define your end goal, you can hone which markets fit you best. 

    2Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Allan C.:

      I suggest you define your end goal first and then work backwards. Do you plan on having 5 doors, 10, 20+?  Also what do you value more - higher risk/effort with potentially higher yield or lower risk/effort? How much capital do you plan to ultimately deploy?

      higher returns is fundamentally a function of risk, efffort or barriers to entry. Since there is plenty of liquidity in the world, there is practically no more barrier to entry for residential real estate. Therefore returns are a function of risk and effort. Higher returns = higher risk/effort. Sure you can find a smooth patch for a few years with many asset classes, but if you hold for the long term you'll find the return vs risk/effort equation to be true. 

      Your initial goal of targeting A/B asset classes suggests you are less risk adverse. If that is the case, don't compromise and target a lower quality asset just cuz those pencil out better - you'll likely regret it. Once you define your end goal, you can hone which markets fit you best. 

      Thank you for the insight Allan!

      0Reply
  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    1y

    Happy to connect- I work in a market in the west and I have a full team of people who help us work through all of our deals. Feel free to DM me, always happy to share connections and processes. 

    1Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Corby Goade:

      Happy to connect- I work in a market in the west and I have a full team of people who help us work through all of our deals. Feel free to DM me, always happy to share connections and processes. 

      Would love to connect!
      1Reply
  • John MorganPro Member
    Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
    1y

    Good luck finding any cashflow these days in A or B class areas. lol. You'll be lucky to break even with 25% down. But you'll be fine with appreciation over time. If you have a good W2 and don't need any cashflow now, then you'll be fine. Just know that when the economy tanks every 8 years or so historically, class A and B rentals get hammered with higher vacancies. That's why I focus on working class C+ class hoods in areas with not so good school districts or crime a little higher etc, but close to downtowns and freeways. These rentals are always in highest demand in good times and bad. Times are good now, but you never know when the economy will fall out and people lose jobs etc. Make sure your rentals will be in high demand areas with a price point that will attract renters when the economy tanks. I'm investing in the Dallas area and Arkansas with 29 SFR. Appreciation in TX is good but low cashflow. And the cashflow in small towns in Arkansas is pretty good, but low appreciation.

    1Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @John Morgan:

      Good luck finding any cashflow these days in A or B class areas. lol. You'll be lucky to break even with 25% down. But you'll be fine with appreciation over time. If you have a good W2 and don't need any cashflow now, then you'll be fine. Just know that when the economy tanks every 8 years or so historically, class A and B rentals get hammered with higher vacancies. That's why I focus on working class C+ class hoods in areas with not so good school districts or crime a little higher etc, but close to downtowns and freeways. These rentals are always in highest demand in good times and bad. Times are good now, but you never know when the economy will fall out and people lose jobs etc. Make sure your rentals will be in high demand areas with a price point that will attract renters when the economy tanks. I'm investing in the Dallas area and Arkansas with 29 SFR. Appreciation in TX is good but low cashflow. And the cashflow in small towns in Arkansas is pretty good, but low appreciation.


       Thanks for the insight John. Have you had any issues with tenants in the C class neighborhoods? I have heard many mixed opinions.

      0Reply
    • John MorganPro Member
      Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
      1y
      Quote from @Ivette Raygoza:
      Quote from @John Morgan:

      Good luck finding any cashflow these days in A or B class areas. lol. You'll be lucky to break even with 25% down. But you'll be fine with appreciation over time. If you have a good W2 and don't need any cashflow now, then you'll be fine. Just know that when the economy tanks every 8 years or so historically, class A and B rentals get hammered with higher vacancies. That's why I focus on working class C+ class hoods in areas with not so good school districts or crime a little higher etc, but close to downtowns and freeways. These rentals are always in highest demand in good times and bad. Times are good now, but you never know when the economy will fall out and people lose jobs etc. Make sure your rentals will be in high demand areas with a price point that will attract renters when the economy tanks. I'm investing in the Dallas area and Arkansas with 29 SFR. Appreciation in TX is good but low cashflow. And the cashflow in small towns in Arkansas is pretty good, but low appreciation.


       Thanks for the insight John. Have you had any issues with tenants in the C class neighborhoods? I have heard many mixed opinions.

      Not really. These tenants seem to stay for many years so I rarely have vacancies. And when I do have a vacancy, I get them rented out right away due to a much higher demand for affordable rentals. 
      0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    1y

    @John Morgan

    you're probably a one in a million investor... even just having that many sets you apart.  would you agree that someone without your skill set is not likely to be successful?

    0Reply
    • John MorganPro Member
      Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
      1y
      Quote from @Nicholas L.:

      @John Morgan

      you're probably a one in a million investor... even just having that many sets you apart.  would you agree that someone without your skill set is not likely to be successful?

      Not really. I’ve helped mentor noobs recently to get started doing something similar to my strategy who are doing well. I think people over think this. Anyone can do this and self manage from afar. 
      0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    1y

    @John Morgan

    yeah i think it comes down to "possible" versus "likely."  you're saying it's possible - totally agree.  but if it were likely then a lot more people would own 25+ units =)

    0Reply
  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    1y
    Quote from @Ivette Raygoza:

    I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

    I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

    If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

    Looking forward to connecting and learning from you all!


     Hi Ivette,

    You've already had some local investors post here, which is excellent.  You are in an area with literally thousands of investors.  If you attend meet-ups and search for local area investors here on BP, you will find a lot that are willing to share and help.  You will also find investors who have achieved exactly what you want.

    I would suggest really looking hard locally before branching out and buying out of state.  My families' company works with a number of investors in the LA area and have been providing passive investments to investors like yourself for two decades.  And yet, I still advise looking local first.  It will be the most informative route to take and the one that will allow you to learn the most.  It will also undoubtedly be the most profitable over time, but will take a lot of work on your part.  You can reduce the amount of work and time you have to put in, but nothing can beat the learning curve you will be on when you invest locally and hands-on.

    If you find that you want to go out of state and be more passive, there are plenty of routes to take, as well as more than a fair share of local investors who invest 100% passively and only out of state. They can also be found at your local REIA meetings and meet-ups and here on BP.

    Be patient!  Don't be in a hurry.  There are a lot of professionals here on the site and even users who do nothing but invest, and many of us are here to help if you ask.  I can assure you that the opportunity to get started and build a RE portfolio that provides the long-term outcomes you seek exists today.  It just takes patience and a willingness to connect!

    Best to you as you get started ~

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    2Reply
    • Ivette Raygoza
      OP
      New to Real Estate · CA · Member since 2025 · 45 posts · 58 votes
      1y
      Quote from @Chris Clothier:
      Quote from @Ivette Raygoza:

      I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

      I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

      If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

      Looking forward to connecting and learning from you all!


       Hi Ivette,

      You've already had some local investors post here, which is excellent.  You are in an area with literally thousands of investors.  If you attend meet-ups and search for local area investors here on BP, you will find a lot that are willing to share and help.  You will also find investors who have achieved exactly what you want.

      I would suggest really looking hard locally before branching out and buying out of state.  My families' company works with a number of investors in the LA area and have been providing passive investments to investors like yourself for two decades.  And yet, I still advise looking local first.  It will be the most informative route to take and the one that will allow you to learn the most.  It will also undoubtedly be the most profitable over time, but will take a lot of work on your part.  You can reduce the amount of work and time you have to put in, but nothing can beat the learning curve you will be on when you invest locally and hands-on.

      If you find that you want to go out of state and be more passive, there are plenty of routes to take, as well as more than a fair share of local investors who invest 100% passively and only out of state. They can also be found at your local REIA meetings and meet-ups and here on BP.

      Be patient!  Don't be in a hurry.  There are a lot of professionals here on the site and even users who do nothing but invest, and many of us are here to help if you ask.  I can assure you that the opportunity to get started and build a RE portfolio that provides the long-term outcomes you seek exists today.  It just takes patience and a willingness to connect!

      Best to you as you get started ~

      Thank you Chris. It’s comforting to see how supportive and helpful this community is — it makes navigating the early stages feel a lot less overwhelming.
      2Reply
  • Morgan Tondre
    NJ · Member since 2024 · 207 posts · 91 votes
    1y

    @Wale Lawal

    0Reply
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