New investor from Los Angeles

Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes

Hi! Looking forward to meeting people in the forums. I'm a new investor based in Los Angeles looking at buy and hold opportunities out of state. Would love to connect with other like-minded investors locally.

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Stephen Akindona

Investor · Memphis, TN · Member since 2013 · 741 posts · 845 votes

10y

Hey @Nathan G.

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Brett Goldsmith
Investor · Los Angeles, CA · Member since 2012 · 1k+ posts · 500 votes
10y
@Nathan G. Welcome to BP! What areas are you interested in investing into? Are you looking into SFR or multi family? I find myself coming across quite a few short sales all around the nation.
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
Thanks @Brett Goldsmith. I'm looking at areas like Indianapolis, Kansas City, Memphis, etc. Stable markets with strong rent/value. I have a busy job in entertainment, so I've been looking at SFH turnkey providers.
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Stephen Akindona
Investor · Memphis, TN · Member since 2013 · 741 posts · 845 votes
10y
Hey @Nathan G.
1 Reply
Douglas SkipworthBusiness Member
Rental Property Investor · Memphis, TN · Member since 2014 · 1k+ posts · 1k+ votes
10y
Hi, @Nathan G..
Welcome to BiggerPockets!
Be sure to check out the blogs and podcasts as well as the forums. You can learn a ton from the real estate experts on the site.
Best of luck to you!
Investor's Guide to Memphis Real Estate
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
@Stephen Akindona @Douglas Skipworth, really appreciate the notes and the insight!
1 Reply
James Martin
Property Management · Memphis, TN · Member since 2009 · 668 posts · 362 votes
10y
Welcome to BiggerPockets!
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Jason Hawk
Real Estate Services · Olathe, KS · Member since 2015 · 329 posts · 57 votes
10y
Welcome!!!
I'm located in Kansas City. Excellent returns here
Jason
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Derrick Craig
Memphis, TN · Member since 2013 · 969 posts · 524 votes
10y
@Nathan G.
Welcome to Bigger Pockets let me know if you need any assistance in the Memphis Market!!!
Happy Investing!!
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Alex CraigBusiness Member
Real Estate Professional · Memphis, TN · Member since 2009 · 1k+ posts · 1k+ votes
10y
A lot of choices in the Memphis Market. Without trying to sound like a shameless plug, you should look at Little Rock too.
901-848-9028
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Jack Butala
Los Angeles, CA · Member since 2014 · 2k+ posts · 515 votes
10y
Hi @Nathan G. and welcome to BP. BP is a great place for REI. It has free online videos and courses for you to watch and learn from. You came to the right place.
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Alexander Price
Investor · Gilroy, CA · Member since 2016 · 255 posts · 195 votes
10y
Welcome and good luck! Can't speak for other markets, but there are lots of helpful people from Memphis that are very active on BP. There are also quite a few Californians who invest in Memphis on here as well.
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
Really appreciate the comments guys, thank you. @Alex Craig, thanks for the tip on Little Rock. I hadn't thought of that market.
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Tim White
Rental Property Investor · Madison, AL · Member since 2015 · 177 posts · 110 votes
10y
@Nathan G. Welcome to BP. There is a lot of information here in the forums and in the podcasts. I personally investing in Jackson, MS and Huntsville, Al markets. PM if you are interested in more information in those areas.
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Larry Fried
Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
10y
@Nathan G. Welcome to BP! I am an investor who also lives on the West Coast, although considerably north of you. I been investing in turnkey out of state for years, and work with several providers in different markets, Jacksonville, Fl; Indianapolis, Chicagoland, and Kansas City right now.
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Brian Washington
Property Wholesaler · Jackson, MS · Member since 2016 · 28 posts · 16 votes
10y
Welcome, and let me know if you would be interested in turn key properties for around $40k that will rent for about $850-1000 In Jackson MS
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Ayodeji Kuponiyi
Investor · King of Prussia, PA · Member since 2014 · 1k+ posts · 339 votes
10y
@Nathan G. welcome to BP! Best/first thing to do is get educated. Read read read! Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche. Best of luck!
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Andy Audate
Real Estate Investment Specialist · Los Angeles, CA · Member since 2016 · 24 posts · 7 votes
10y
@Nathan G. Investing in a turn key rental property is by far the easiest strategy for B&H and has the least risk volatility. A turn key property should already have a tenant paying rent in the location and have a property management company familiar with the location and have an application list for new tenants. This is extremely beneficial if you are a new investor. The best market throughout the US with the lowest active management costs, trending upwards for employment and population growth, low property taxes and insurance and high rent by ratio with high cap rate would have to be Jacksonville, FL.... You can PM and I can tell you more about it.
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Jeff Matsuda
Los Angeles, CA · Member since 2016 · 18 posts · 0 votes
10y
Hi Nathan:
Welcome to BiggerPockets! I'm from L.A. and looking out of state as well, so we should trade notes.
For a great intro on Kansas City zip codes, check out Chris Dawson's helpful discussion thread.
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Jason Hawk
Real Estate Services · Olathe, KS · Member since 2015 · 329 posts · 57 votes
10y
Welcome from Kansas City!!!
Jason
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Daniel Han
Los Angeles, CA · Member since 2016 · 18 posts · 7 votes
10y
Hello!
I'm also from Los Angeles! I'd like to know more about investing outside of my city/area. What's a turn key investment?
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Luke Texidor
Engineer · Agoura Hills, CA · Member since 2014 · 38 posts · 4 votes
10y
Welcome Nathan! I am also based in LA looking to invest in out of state markets. This site is great! I can say that this site is the best way to find what you need in the real estate world. Feel free to reach out to me if you'd like. Good luck!
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
@Jeff Matsuda thanks for the link! Such valuable information.... We should connect and trade notes. I've expanded my consideration to certain areas of Texas, but I'm focused right now on developing my long term strategy.
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
@Daniel Han Turnkey properties are freshly rehabbed units with renters placed in them.
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Nathan G.
OP
Rental Property Investor · Los Angeles, CA · Member since 2016 · 23 posts · 12 votes
10y
@Luke Texidor Thanks! This site has been a wealth of information. What areas outside of LA are you looking to invest in?
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Luke Texidor
Engineer · Agoura Hills, CA · Member since 2014 · 38 posts · 4 votes
10y
I have been looking primarily into Wisconsin and northern Illinois. I grew up out there and know the area pretty well. Wisconsin markets don't seem to appreciate well, but cash flow is good. I'm planning on buying within the month.
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