All Forum Posts by: Andrew Neal

@Don Spafford that’s awesome! Where are your out of state properties? Side note everyone I know is leaving the Bay Area to go to Idaho haha.

@Calvin Ozanick please repeat that amazing deal for me that would be great thanks ;) haha

@Ladd Brunner congrats and way to go using some creative financing!

Thanks for sharing @Scott Morongell and congrats on your success. I am definitely a cautious but active researcher in most be decisions in life. Don't be afraid to take action and move forward while also educating yourself for sure.

Awesome @Paul Choi thanks for sharing. I just drove through Stockton on my way to the Sierras last weekend. Sacramento definitely has some great pockets.

@Dennis M. I hear you on that. So you're buying 2-4 unit properties?

@Sam Grooms Thank you for all the great info. It's always fascinating to me to hear people's reasoning.

Often times it's easy to fall into the SFH $100 cash flow per month trap. Looking at the numbers you roughly outlined above someone could get a much better rate of return while letting true experts guide the investment as well as get your initial investment back plus some. Definitely something of interest to me.

I also think it comes down to how passive of an investor you want to be.

Like @Paul Choi highlighted, for him it was about growth and stability. Paul, I see that your local, where are your MF located?

I am curious how many investors went straight into multi family or even quickly into MF?

What were your reasons for doing so?

What did your first deal look like?

@Victoria Lilly haha my wife and I often kick around the idea of moving out of California to Dallas.

@Victoria Lilly Yeah I know that most prop tax rates when I've looked around the Dallas area are north of 2%. By contrast mine here in California is about 1% which can make a significant change. I think the insurance is high because of hail storms causing damage from time to time, tornados are not all that common in Dallas from what my wife says. But yes, numbers worth researching!

Overall though I love Dallas and it has many great suburbs. The thing I like most is you have 360 degrees of expansion so you can go north, south, east, west and find potentially something you like. Here in the Bay Area we are suffocated by the coast so we have one direction from SF that's more affordable, east.