Getting Back into Real Estate Investing

[Glenn Matthews]

Hi All, 

I discovered BP several months ago and have really enjoyed diving into the forum and listening to their pod casts. 

I'm originally from Sydney Australia, I moved to San Diego in 2008 with my wife who is American. In Australia I actively invested in real estate for almost 10 years, completing a good number of deals (mainly single family). Moving to the US I worked on my job and finding new friends and took my focus off real estate  

Now that I'm well established here, I'm eager to get back investing in real estate and am very interested in multi-family. Having a background in Construction you would think Flips are more suited to me, however, I love cash flow and want to start building a portfolio over the long term and I work in a good circle that could allow a future syndicate. 

Being in San Diego there aren't many multi-family deals available. I'm contemplating investing in Phoenix, where there seems to be way more performing properties. 

I know being an out of state investor comes with difficulties, and I'd love to get some feedback.

Glenn

[Jarred Curry]

Hi Glenn

I work with a real estate clearinghouse brokerage here in San Diego and we find 10-15 investment properties per month. We buy the properties in as-is-where-is condition and then sell the house to you in the same condition. You in turn do the repairs and updates, and put the property back on the maket for rent or sale, whichever you are looking to do. Let me know if you are interested in getting access to our properties. We have properties in Phoenix that I can get you access to as well.

Jarred