Rental Property Investor · Los Angeles, CA · Member since 2018 · 12 posts · 5 votes
Hi BP Community!
My name is Robert and I'm new to the BP forums. Just wanted to introduce myself and apologize in advance for all of the questions I'll be asking y'all :).
A little bit about myself. I live in Los Angeles, California, and I'm an aspiring rental property investor. More specifically, I'm looking to invest in out-of-state properties, possibly through active investing OR via a reputable turn-key company. Currently, I'm researching the Clarksville, Tennessee and Little Rock, Arkansas areas. I intend to buy my first property by the end of 2019 (investment capital of approximately $25,000), so I still have some time to research those markets, as well as other markets.
In any case, I look forward to posting more in the forums and connecting with everyone!
Investor · Cadiz, KY · Member since 2018 · 9 posts · 3 votes
7y
Welcome Robert!
Dmitriy gave some great advice and I couldn't agree more with his recommendations. I'd also research laws in those respective areas. I live north of Clarksville in Western KY and frequent that area. I think my background and contacts could be beneficial if you decide to invest in Clarksville. If I can help in any way, please feel free to reach out!
Real Estate Broker · NY · Member since 2016 · 10 posts · 4 votes
7y
Welcome Robert.
I agree with your approach. Opportunities are available in every market, but for certain returns and CAPs you need to look outside your market area... Great that we have the ability to do so today.
Investor · Central Arkansas · Member since 2018 · 109 posts · 58 votes
7y
Welcome Robert, I think you will find the advice, podcasts, blogs and people here are going to significantly increase your knowledge. Learn something every day and continue to network. I am here in the Little Rock area, so when/if you start your search in this area, feel free to get in touch with me. Hope to help you in any way that I can!
Rental Property Investor · Los Angeles, CA · Member since 2018 · 12 posts · 5 votes
7y
@Dmitriy Fomichenko
Thank you very much for the advice! I've listened to a healthy amount of the podcasts so far and have set up my keyword notifications. I will continue to do so, as well as read the beginner's guide and connect with people in my area. Those are very insightful tips. (:
Real Estate Professional · Memphis, TN · Member since 2009 · 1k+ posts · 1k+ votes
7y
Hadar -- your ears must be ringing, was just mentioning your name in an email to Brian. Was talking about leasing up our 28 unit around the corner from your units on Laramie. BTW, I like how you named your building.
I see you're from Sherman Oaks. Nice to meet you! I live in Valley Village, so we're not too far apart :).
I actually went to a turn-key company even and found out that Clarksville is a very well-rounded area with respect to the qualities a real-estate investor would seek, including variety in job industries, a growing and stable population, landlord friendly laws, and the affordability factor. There is also a military base out there, and so long as the U.S. doesn't go to war, I think there'd be stability. Of course, I still need a lot to research before I reach a decision to invest there, but that's why I'm here!
How'd you hear about Tennessee and, more specifically, Chattanooga?
Calabasas, CA · Member since 2016 · 27 posts · 3 votes
7y
I actually started researching about eight months ago, since then prices have gone crazy. Nashville has no cash flow and the surrounding areas are also going up in price.
I like Murfreesboro, Columbia, Clarksville. My realtor who is a BPM says Chattanooga is the place to be for cash flow. He has multis in Chattanooga also, but I’m not sure how that area is for future appreciation.
My real estate friends here all invest in Bakersfield which I’m looking at. What’s your thoughts on Bakersfield. Just finished reading David Greene’s book Long- Distance Real Estate Investing , which I highly recommend.
Flipper/Rehabber · Nashville · Member since 2018 · 50 posts · 28 votes
7y
Welcome Robert! I'm in Nashville, just down the road from Clarksville. Clarksville is a really great place to invest, and as Gary mentioned, Murfreesboro and Columbia are good as well. Chattanooga has been all the buzz for awhile, but I haven't really explored that market. I'm a Nashville area native, so let me know if I can help. There is a ton of information on this site and it's helped me as a newer investor.
Investor · Bakersfield, CA · Member since 2015 · 483 posts · 234 votes
7y
@Gary Rubens Bakersfield is definitely a good cash flow community. There is a lot of growth and transition happening here which has bode well for a lot of people. If you would like to discuss further please feel free to PM me!