All Forum Posts by: Account Closed

@Lyandrea Russell 

Thanks for sharing! You and your husband sound like a real estate power team waiting to happen!  I would create a list of 10-15 markets, and start researching each one....median price of SF homes, income, other cost of living metrics, job growth, etc. Then you'll have some real data on each market. You have some good markets on your list already. Good luck!

@Tom Castilaw 

I would speak to 2 property managers in the area, and ask what it will rent for. Also, how much appreciation is that area growing each year?

Short answer is 'maybe'....but I would factor in what it will actually rent for and appreciation.

Welcome @Justin Sullivan !

This is an awesome network. Make sure to search the message boards for existing threads when you have a questions, etc. Good luck!

Andrew

@Jason King I think it's fine, and I used to do the same.

@Bryan A. is correct -- just be honest. Let them know you are an investor, and constantly looking at neighborhoods and deals. Letting them know right off the bat, so they know your situation, and where you are coming from.

@Karen Rodriguez 

Welcome to BP, and best of luck!

You are in an awesome market, and now you simply have to put your team together. Easier said than done:)

I think starting with education is the best way to go. Get into a deal or 2, learn from the experience, and keep revisiting your goals and plans. 

Andrew

Hi @Nana K. 

I think starting with education is the best way to go. Get into a deal or 2, learn from the experience, and keep revisiting your goals and plans. Most likely, they will continue to evolve and change as you do the same in your investing career. Picking the right market is crucial, as well as building a good team.  Best of luck!

Andrew

@Sean Connolly Hi Sean -- I grew in NH (Manchester, Durham/UNH, and Portsmouth), and have lived in CA for 20 years. I actually looked in NH when I started investing about 6 years ago, and the numbers didn't pencil out for cash flow. 

I think @Josh Birrell is right -- if you want to break even, and have an extra vacation place, that's great. Not sure what the flip market is like there now. 

Andrew

I agree with @Jeff Arndt 

There are many ways to make money in real estate. I would look into flipping, and bringing in friends/family as partners, now that you have some experience.

Good luck!

I think that's great advice from @J Scott 

Try to find someone local who is involved with development, and try to take them to lunch. Most people need to eat, and hopefully you will find someone willing to help out, even in a small way.

Best of luck to you!

Andrew

@Jaren Barnes 

Looks like the same thing happened to me on messaging.  I went thru the rules, and think I have a good handle on this now. Would appreciate if you can help out.

Thank you.

Andrew