All Forum Posts by: Account Closed

@William Allen 

Not really enough info, but sounds like he could be in a market that doesn't cash flow, and property managing himself.

Andrew

@Ronnie Boyd 

Congrats! Now to focus on getting some 'good debt' and cash flow!

All the best.

Andrew

HI @Simon A. 

Why don't you look around in other markets out of NY, where you can get a much better return on your money? Might be worth the time to check into it. I personally love Atlanta, GA -- and have been investing there for years.

Andrew

@Curtis Tavernier 

I personally am a big fan of Atlanta, GA. I own a lot of property there, and the market is great. Great cash flow, and we're seeing some appreciation now.

Good luck!

Andrew

Hi @Amy Van Ollefen 

Welcome to BP! 

Isn't Chicago and IL pretty tenant friendly? Meaning that the laws favor renters over landlords? I would make sure you understand the laws, etc. It can make a huge difference when you need to evict someone. All the best!

Andrew

Hi @Justin Brophy 

I own a lot of SF in Dallas Fort Worth, and it's a great market. I stopped buying a few years back, because the deals were harder to get, but still own everything.

Make sure you factor in property taxes (2.5% - 3.5%), and have an idea how much rents will increase over the years. Property taxes float, and are based on your assessed value. So as your property increases, so do the taxes. Just something to keep in mind.

Andrew

@Robert Blanchard 

Welcome to the village!

Andrew

@Branden Davis 

You should look into what your financing options are -- then pick a few markets to explore.

I have a great lender I use. Feel free to PM me if you would like her info.

Andrew

Hi @Account Closed 

Welcome to BP!

There's a great meetup called For Investors By Investors (FIBI), and has many chapters around LA area. I just started one as well, for investors on the West Side of LA.

http://www.meetup.com/Real-Asset-Academy-Education...

Hope that helps!

Andrew

@Frankie Law 

Welcome! I suggest spending more time on free or inexpensive education (books, BP, etc) before you write another check for a mentorship program. Lot's of great info out there, including here on BP.