All Forum Posts by: Ali Boone

Are you wanting to buy in and around Chicago or anywhere?

Hey Sean! Welcome to BP. Your plan sounds great! Income aside, I think you'll have a lot of fun with it. I work with turnkey rental properties which are perfect for "virtual investing" as that's what I do living in LA and buying outside of here. If you ever want to look into those for cash-flowers, let me know and I'll point you in some good directions.

Welcome to BP Elizaveta! Always great to see more women on here and especially if you bring some cultural diversity makes it even more exciting!

Welcome Ginny! Sounds like you have a good plan in place. Just make sure that whatever you buy in that area is actually cash-flowing. I have investors from there all the time ask me about out-of-state investing because they just can't make the numbers work. If you're flipping that might be another story.

Good luck!

Don't worry, I think we've all made the 'first house buy' mistake! I know I did. Still renting it out but certainly not for a profit. Not sure if you're interested in the turnkey route but if you aren't sure where you'll be ending up and want higher returns, those can get that for you and you wouldn't have to worry about whether you're local to the properties or not. I live in LA so I don't invest locally at all.

Happy investing!

Welcome newbie! Berkeley, huh? I have a couple friends up there. Are you wanting to invest in that area or wherever? I do a ton with rental properties but not in CA. No cash flow.

Welcome!

Yay for rental properties Mohhamed! Good choice :) Houston is an excellent market for them right now, so unlike a lot of people, you actually have the option to invest "locally" and still get good returns! I work with a lot of investors who love the Houston market. There's some good stuff out there.

I think you'll be surprised at how much you learn in an accounting job, of any sort, that will help you in real estate. I worked for 5 years as an aerospace engineer and did absolutely nothing real estate related at that job, but a lot of the skills (even dumb ones like Excel and PowerPoint) have helped me tremendously in real estate.

If you want to be an accountant, you can certainly specialize with real estate investors. Most accountants don't and the ones who do are very helpful for investors, if not life savers. But even if you do that, there is a lot it won't teach you about being an investor. The best way to learn investing is to study what you can and just do it. You'll find your accounting skills will fall in line with what you are doing while you don't even see it happening.

I'm the same as Marco Santarelli, I am an out-of-state investor and work with all clients who buy turnkey properties. Definitely an easier way to go about getting the best returns (which are usually out of your local area). Some people would rather flip and fixer up, but I'm not one of them :)

Whoops...I worded part of my response wrong. What I meant to say is- the formulas there DO work, the returns do not. The formulas are the same anywhere you look to invest. It's what the formulas tell you that say whether investing there works or not. So it's not the formula that doesn't work there, it's the investing there that doesn't work, based on the results of the formulas.