I got turned on to bigger pockets by a friend of mine and have been listening to the podcast for about 6 months. I am at a place now where I am ready to make something happen. Brandon preaches that to get feedback you have to be specific so I’ll try to be thorough.
I’m a “new” investor living in CA looking to do out of state investing in less expensive markets. I own a property in San Diego that unexpectedly became a rental when relocating for work. It was a fixer that I did all of the work on (tile, basic piping, finishes and trim, basic electrical, drywall, fencing, laying pavers, etc). It has gained enough equity that I’d like to refinance and use the cash to grow my portfolio and actually invest with the intent.
Current markets I'm looking to learn more about and enter are Pittsburgh PA and Atlanta GA with value add small to mid size multi family residences. My initial strategy is to buy and hold and expand through the BRRRR method. Cash flow to help expand the portfolio is my current goal. The tenant type I'm looking for is the grad student/working professional/young family because I think I understand that type of customer best.
Hopefully I’ll be able to share my learnings in the future and give back to the BP community!
Whichever market becomes your focus, be sure to connect with multiple people out there to become part of your resources/team. Agents, Realtors, investors, wholesalers, lenders, etc. They each have a different perspective that can help you see the local market from different angles which can help you execute your strategy. I'm in Atlanta, reach out if you want to chat.
Hello @Ken D. , glad to have you here! Let us know how we can help! And you should jump in, the community is pretty great here. You'll love it :)
@Ken D. , make sure you understand the tax implications of investing out of state as a California resident. Good luck!
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