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Updated about 4 years ago on . Most recent reply

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Jonathan Taylor
  • Lender
  • Los Angeles, CA
645
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916
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Expert intuition for OOS markets

Jonathan Taylor
  • Lender
  • Los Angeles, CA
Posted

Hello BP folks. I've stabilized my house hack in Los Angeles, which is cash flowing decently and now am looking at OOS markets including but not limited to St Louis, Tulsa, Indianapolis, and Chatanooga. My goal is cash flow and grow. Looking at 2-4 unit properties, but ideally 5-10 units. I know it's an VERY hot market right now but might as well start studying and see what I can get. 

If you are an expert in any of these markets (realtor, investor, property manager, broker) or think that I have missed the mark and should invest in a different market, please  comment on why or why not now is a good time to buy in your area/deal breakdowns on properties you own/or general investor-minded outlooks. Would love to hear your opinion. 

Most Popular Reply

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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,771
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3,042
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Replied

@Jonathan Taylor It's a lot of up-front work, I know...lots of market research. I look at cash flow a couple of ways...if you're buying with cash, the sky is the limit...if you are using leverage, it's just math. Honestly, my first approach is to push every investor to learn to source off-market deals...create your own market. And create the cash flow you want....

And the irony of it all is that most investors still have a W2 job that covers living expenses...so, why do you need the cash flow now anyway?...defer and accelerate debt paydown...take the equity when you need it. I'd rather see folks get in the game than get burned out by not getting the exact numbers that are in their deal analyzer...

  • Brandon Sturgill
  • 614-379-2017
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