All Forum Posts by: Alexander C.
Alexander C. has started 1 posts and replied 5 times.
Post: Narrowing down strategy and locations for my first RE investment
- New to Real Estate
- SF Bay Area, CA
- Posts 5
- Votes 7
Quote from @Kate Sanchez:
@Alexander C. W elcome to the world of REI! You're thinking about this the right way - clear goals, manageable budget, and you're considering landlord-friendly states. I've looked at similar markets (KC and Indy especially) and found that networking with local property managers and investor agents really helped narrow things down. Good luck on your journey!
Thank you Kate for your encouraching words!
Post: Narrowing down strategy and locations for my first RE investment
- New to Real Estate
- SF Bay Area, CA
- Posts 5
- Votes 7
Quote from @Becca F.:
**Zoom calls... typing fast so forgive my typos
Btw I'm not an agent and don't work in the real estate industry. I don't receive any type of compensation, not even $1 if I refer you to an agent, contractor or other RE industry person
Just be careful and there's money to be made and not everyone has your best interests at heart. If you skim the BP posts you'll see a pattern. "California investor" are the magic words to be contacted by numerous people. Warning: don't partner with anyone you don't know well or lend any money (transactional lender or private lender) to anyone that contacts you on BP
So far this thread unfolded quite as I expected...
Thanks for your input Becca
Post: Narrowing down strategy and locations for my first RE investment
- New to Real Estate
- SF Bay Area, CA
- Posts 5
- Votes 7
Quote from @Sam B.:
Quote from @Alexander C.:
Quote from @Sam B.:
Come to Indy. 80% chance you will get scammed but it will be pretty funny.
Why is that?
It's just the nature of the business. Consider the incentives. Almost no good deals make it out of state. The stuff that makes it out of state is the stuff that can't be sold locally. Any deal you get is passed through multiple people and all the meat has been stripped from the bone. The shovel sellers make all the money in this situation.
I See. Do you know Any stories of successful out of state investors in your area??
Could you see it be possible, especially for a 1st timer and what has to happen for that? I will actually be in Indy next month. If you like I am happy to meet for a coffee or lunch, chat a little bit?
Post: Narrowing down strategy and locations for my first RE investment
- New to Real Estate
- SF Bay Area, CA
- Posts 5
- Votes 7
Quote from @Sam B.:
Come to Indy. 80% chance you will get scammed but it will be pretty funny.
Why is that?
Post: Narrowing down strategy and locations for my first RE investment
- New to Real Estate
- SF Bay Area, CA
- Posts 5
- Votes 7
Hello BP-community,
I am new to the world of REI and intend to make it one pillar of building my future wealth, intending to hopefully achieve Financial Independence in 10-15 years . Living in CA it appears that investing locally is not a viable option at this point in my life.
I am narrowing down on a SFH within a range of $250 - $300,000. My main objective right now is consistent growth and appreciation of the property, paying down the necessary mortgage and the expectation of an also consistently growing rent in the future. The only goal i have towards Cash Flow in the beginning, it should be Positiv, > $0! Being out of state, I am assuming a property management business is necessary.
Researching various states and their pro and cons for a landlord I'm inclined towards TX, AZ, MO and IN
Currently I am looking at the following areas:
- Indianapolis, IN
- St. Louis, MO
- Kansas City, MO
- Phoenix, AZ
I am curious to connect with with experienced investors, who are open to share some of their knowledge as well as other newbies, who are in a similar situations, facing similar questions and decisions as me. Maybe someone who lives in one of these areas or successfully invests there? I am very grateful about any advice. Not sure how right my approach even is at this point?
In case there are some likeminded investors living in the SF Bay area, I am always happy to meet and chat over a coffee...
Thanks to everyone
Alex