Realtor · Los Angeles, CA · Member since 2013 · 54 posts · 19 votes
Hi there!
My name is Brenda and I'm new to real estate investing and I'm looking forward to learning as much as possible. The only real estate experience I have is an REIT index fund I purchased a few months ago.
I would love to be a part of the buy and hold community with a focus on single family homes and small multifamily properties (perhaps even live in one of the units).
It would be nice to find a deal in California, but I'm open to markets outside of California, for obvious reasons. Market is bound to go down again, right? I'm beginning my search in Virginia, Texas, Indiana, and Georgia.
Thanks for taking the time to read my little introduction. I'm excited to be here!
Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
12y
@Rosalina Brenda Berk Atlanta is really played out. The equity funds have pushed prices up too much. Texas has a great economy but they also have high property taxes and insurance rates which eat in to your cash flow. Avoid choosing a market just because you have relatives there. Unless they are professional property managers, they're not going to be of any real help to you. Choose a market based on it's economic fundamentals and returns. I wrote a report on how to choose an investment market. I'll be happy to share it with you if you'd like.
I like reading intros and all the lofty goals & advice, but rarely do you hear what people have decided on and how. Do you mind sharing a little update as to how things are going? I'm kinda in the same boat as you.
Realtor · Los Angeles, CA · Member since 2013 · 54 posts · 19 votes
12y
Hey @Peter K.
I just realized I didn't respond to your question that you asked back in April. I'm focusing on buy and hold and I'm currently looking for markets where that model makes sense.
I've looked into Lancaster, CA and did a bit of research on Virginia Beach, VA. My goal is to get a property in the next six months.
How are things going for you?
Sorry about the late response. Hope this finds you well.