@Elenis Camargo Congratulations and thank you for sharing. This shows what is possible with work, learning and networking. I've made valuable connections on BP and as an out of state investor have connected with and learned from many others as well.
Thanks @Elenis Camargo , and congrats again.
I thought of doing out of state, but one of the cons was paying double taxes.
I.e CA state and federal + TX state tax
wondering how are you managing it and if you have any tips ?
@Elenis Camargo Thanks so much for this post! I'm a Real Estate Agent in the Nashville area and I'm just starting my investing journey to acquire several rentals over the next couple of years. You have provided great motivation! Much appreciated.
@Ashley Cao . Indeed Ashley!!!
@Elenis Camargo . Gr8 post! Reminds me of John Schaub’s book “Building Wealth One House at a time”. I live in NC but Brooklyn is home for me. Hope ur enjoying the pizza!
@Elenis Camargo Wow! Awesome story.. thank you so much for sharing. Congrats and good luck on your future deals!
@Stacee Evans Thank you! I am glad this was helpful. I have definitely made very valuable connections on BP!
@Ron Singh Good question. Florida doesn't have state taxes so we do not pay double taxes right now. I believe Texas does not have state taxes either. There are only a few states with this perk. Worth looking into! Maybe posting on BP to get insight from other investors in those states.
@Roy Hill Thank you for reading! Love Nashville! We went there in 2016 and it was growing tremendously at that time. I am sure you can be very successful in REI :) Keep me posted on your journey!
@EMarie Windham I'll have to read that book! Oh yes we love the pizza here hahaha
@Kevin Zolea Thanks so much! Same to you :)
Impressive results @Elenis Camargo , make you post in another year so we can see your growth snowball.
That is amazing! Thank you for the post as it serves as motivation to newbies like me. Keep on the great work!
@Elenis Camargo Hi. My wife & I are currently trying to get our first property in my area, Dallas, within the next few months.
But I am interested in doing some out-of-state investing in the future. What are some quick tips you followed to be able to invest out-of-state? It seems like finding properties, finding honest contractors and even monitoring the rehab would be difficult from a distance. What have you done to do this so effectively?
Maybe I did not read correctly but I think you have 3 doors of your own, and are now working to help others flip houses. How are you going to retire off of 3 doors? Or do you just want to work as a boots on the ground for remote flippers as a continual career.
Great post. Thanks for Sharing. I am just getting started in OOS investing. I am trying to settle in on a market and would love to hear more of your journey. I am currently looking at Oklahoma, Texas, and Florida. I am eager to take the plunge but need to speak with more folks that have already made the bold step. I will PM you and hope to hear more. Thanks.
@Stephen Keighery Great idea! I’ll plan on doing an update post :)
@Francisco Arias Thanks so much! We all got started the same way so keep at it and you'll reach your REI goals!
@Michael P. Yes I own 3 and then 1 more with a partnership. I never said I was retiring from 3 doors. We are planning on getting more doors as well as having our own brokerage where we are finding properties for other investors and doing property management. To acquire more doors we will try doing some flips as well as saving cash from our cash flow and W-2 jobs. We also want to try some brrr deals. I’ll post updates on those :) Our goal right now is 100 doors but of course that takes time!
@Lehi Alo Awesome! I’ll check my messages shortly and be sure to reply :)
Awesome! Love the success stories, and the fact you did it all out of state. I live in IL and our property taxes are very high, so a lot of investors are looking at surrounding states to invest in. I am a broker that specializes in self storage, but have been helping friends / clients also underwrite other asset classes. There are a lot of great deals out there if people know what you are looking for. The power of networking is an amazing thing, thanks again for sharing!!
You are amazing! Wish you continued and more success! I hope someday I can start this fantactic jouney. Love it!
@Scott Rihm Thanks for your comment! Agreed on the power of networking! Very interesting that you broker self storage. Never thought of doing that. There are definitely a lot of opportunities in REI.
@Khoa Dao Aww thank you!! I’m sure you can and you WILL!! :)
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