All Forum Posts by: Vala Shahabi

I cam across this post and thought it was really interesting. How a city in East St. Louis can quickly become a ghost town.  Don't buy any property there :)

http://www.viralnova.com/east-st-louis-is-a-ghost-town/

Hello@Tina Fontana welcome to BP! Best of luck!

Hey @Ami Shah welcome to BP!

I know exactly what you mean. Properties around here are too expensive and the cap rates don't make sense. Besides my home I personally invest out of state and we help clients find the right turnkey property with tenant, management, and team in place to ensure their success. 

Good luck on your search and feel free to reach out if you need any help!

Welcome to the community @Jahan Habib ! Best of luck!

Hey @Taylor J. welcome to BP! 

Welcome @Rebecca Rodriguez best of luck!

Hey BP - Looks like all the free seats are gone so I have created a new promotional code. Please use code "BP" for free seat.

Look forward to having you!

Hey @Juan Silva welcome to BP! internet retail and washington...are you with Amazon? I come from a tech background myself but wanted to apply my knowledge to real estate to find independence from the Cloud's race to the bottom. 

Best of luck and let me know if you need any help.

Hey @Kevin Olson 

That's great success! Are you staying local because you want to manage all these properties yourself?

Similar to were you are, LA is a very expensive market and lower cap rates. I've built teams in several mid west markets and that is where we invest and find properties for our clients. It's less expensive and better cap rates than anything we could find around here. 

I personally invest in B class neighborhoods. So to answer your questions about up and coming you have to really know the area. If it was a C+ neighborhood but now there is significant rehab going on it would be wise to invest because soon it will be a B neighborhood. You just don't want to be the first person doing it. 

If you don't know the area very well find people who do and can tell you about it. Talking to the neighbors and feeling them out is the best way to go about it.  If it's out of state or remote than you need to network with good agents and investors in that area. 

Hope that helps!

Welcome @Lafontant Cherilus we believe multi-family is the wave of the future. good luck!