All Forum Posts by: Anthony L Amos Jr

Hi Everyone, 

I am a Canadian real estate investor who is looking to diversify by buying a few CF producing assets in the US. 
what states or cities should I look into buying first to get my feet in the water. Not looking to spend a lot to start probably $50k ( Downpayment) . My end goal is to have rental, mid term and short term rentals in the US. 
Your advice would be greatly appreciated. 
thanks 

Hi, 

My brother and I are looking to invest in our first property. I currently live in Miami, FL and he lives in LA. We are open to long distance investment.
-Our capital is around 20-25k and we both have a great credit scores
-Turn key investment (We don't want to spend time fixing the property)
-Looking for a LT rental, single family home
-We were looking to get a home around 80k or less (to be able to cover the downpayment, closing costs, minor fixes).
-Looking for a market that could provide a good cashflow based on current market conditions
-Looking to do a conventional loan or DSCR

I am currently looking at: Columbus OH, Cleveland OH and Indianapolis IN.

Could you please let me know what markets are good markets based on these criteria and the current RE market?

Looking forward to connecting with you all! 

Best,
Vladimir

Hello everyone, I am new to the forums here. I live in San Diego right now, and just trying to figure out what market makes the most sense for me with few connections outside of San Diego.

I am looking to buy my first rental property using Subject To strategy or seller financing. Looking to make connections in other markets so i can feel comfortable investing outside of where I live.

I was looking at anything from Texas and west of that, and somewhere that is landlord friendly. Las Vegas, Arizona and Texas are all intriguing to me. Not too far away if I need to fly there and check on my properties. 

Would love to connect with all of you!

Thanks,

Darryl

I am a new to REI and trying to find my first deal. Have been listening to BP podcast episodes from 2020 and earlier and the numbers were no where near what they are today.

I have analyzed about 30 deals in Atlanta, Dallas and Columbus markets. Couldn't find a single property where it is meeting the 1% rule. Agreed that I looked at only MLS listings, but still.

Am I looking in the wrong place ? Or am I making any mistakes in my analysis? Not sure where to go from here.

Also, is there a place on BP where we can find market analysis? I am a pro member. 
Please let me know how you guys are dealing with this

I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:

Columbus OH

Memphis TN

Indianapolis IN

Kansas City MO

Oklahoma City OK

Anyone have any feedback on these different markets? Do you see a good balance of cash flow and appreciation coming from these various cities? Any insight would be greatly appreciated!

Hello, I'm Lucas Anderson. I've been a huge stalker of the BP community for some time now, soaking up all the valuable information you all have kindly given over the years. Now I'm financially ready and have the time to really focus on and truly begin my real estate investor journey. I've saved up $100k and am looking to find multi and single family properties for long term holds. I currently split my time between the USA and Germany and will be doing this all "out of state"

I believe I have a good sense of what to do once I acquire the property, but the golden question that we all are asking - what market to choose?

Currently looking at: Omaha, Columbus, Milwaukee, Cleveland,

My strategy isn't groundbreaking, and of course, this BP community knows it all too well, but it goes a little something like this:

1. Find a property in a specific market with "hidden value"

2. Purchase this slightly distressed to distressed property in a C to B area (cash if I can afford it)

3. Rehab adding value back into the property 

4. Finance or refinance cash out

5. Long-term hold, long-term rent

6. Do it again brrrr

Of course, you can find hidden value in any market, anywhere in the world, even right off the MLS but what I'm looking for more specifically is where a newbie out-of-state investor and "safely" begin with the small amount of cash on hand I have.

Ya'll rock, I hope I one day will be one of the old dogs providing value to the young pups. 

Hi! I’m try to get started on doing some small RE investments. I’m educating myself at the moment, and I would like to start small with a rental property below $100k. I’m wondering if anyone could provide any insight on attractive markets with decent cash flow for investments if this size. I read about Cleveland, OH, Toledo, OH,  Champagne-Urbana, IL, Jamestown, NY  or Fort Wayne, IN as potential good options. Thanks very much in advance! 

Dear BP Community,

I hope this email finds you all in good health and high spirits. My name is Rakesh Balavanthapu, and I am writing to seek guidance and support as I embark on my journey as a new real estate investor based in Atlanta, GA.

Having a stable W-2 income, I am eager to diversify my investment portfolio and build wealth through the acquisition of single and multi-family properties. My goal is to adopt a long-term strategy, where I can purchase properties and hold onto them for sustained growth and passive income, a.k.a The BRRRR strategy !

As a newcomer to the real estate investing world, I recognize the importance of connecting with seasoned investors who have navigated similar paths. After researching various platforms, I was thrilled to discover the vibrant and knowledgeable community here on BiggerPockets.

If any of you have experience investing in Atlanta, I would greatly appreciate your mentorship, advice, and expertise. I am eager to learn from your firsthand experiences, including both the challenges you faced and the strategies that yielded positive results. Your insights on identifying lucrative investment opportunities, conducting due diligence, and managing properties for long-term success would be invaluable to me.

As I embark on this journey, I am committed to educating myself through books, online resources, and attending local meetups or events. If you can recommend any specific educational resources, investment groups, or real estate networks in Atlanta, I would be truly grateful.

I am open to various forms of communication, whether it be through email exchanges, occasional mentoring sessions, or even the opportunity to meet for coffee. Your guidance and support will play a vital role in helping me build a solid foundation and set myself up for long-term success in real estate investing.

If you are interested in connecting or have any recommendations to offer, please reply to this post and we will figure out a way to connect. Your guidance would be highly appreciated.

Warm regards,

Rakesh K Balavanthapu

Hi, 

My name is Timothy Eaton, but you can call me Shea. (It’s my middle name)

I am a recent graduate from the university of Washington. I have been working full time for almost a year now and I have money saved up and want to do something with it. 

First, I’ll outline my interests. I really like university housing. It is consistent, and highly priced with good cash flow. The downsides are the constant issues with the homes because college students tend to abuse the homes more than a typical family would. Though I have lived in this situation as a college student and it intrigued me and I saw how much money our house paid every month to live in a pretty poor home($14,000/month). 

In order to execute something like this right now would be to pair up or team up with a number of smaller investors to secure a property of this sort and share the cash flow and equity built on the property. If you have similar cash to myself or more please let me know! I am happy to do the grunt work and try to put this type of deal together myself. I just need some help.

Secondly, I am looking at university housing in other states such as Ohio, Alabama, and Michigan. These areas can cash flow without needing to find the crazy deal that you would have to have up here in the pnw. I can also find these projects on my own. 

If you have any advice or have the urge to team up with someone like myself please reach out! 

Hello guys! 

I am a 34 year old woman in Ohio pending a divorce and will have about $100k to start over and rebuild when the dust is settled in a few months. I've dabbled in several investment types with limited success (stocks, crypto, etc), and the only thing that paid off significantly was our marital home (it nearly doubled in value since 2018)! So I'd like to embark on my real estate investing journey to grow my money, and am curious as to how you all would go about doing this to achieve the best ROI! Here's my situation:

 My goal is to establish passive monthly income along with owning properties that accumulate in equity. I will not need this money immediately, so am open to either short term or long term strategies. 

I have a credit score of 738, make about $105k a year in base salary and also earn about $30k-50k annually in bonuses. I currently have $100k liquid and am saving an additional $4k per month. Additionally, I am in our marital home and can remain once the divorce finalizes, but if I decide to sell or refinance the home to get money out, I would have an additional $80k in funds from equity to use for whatever route I decide to pursue in real estate. 

I am totally new to real estate investing (other than the primary home we own), and know nothing about maintenance/repairs or the costs of contracting someone to do this on a potential home (my now ex was in the home renovation industry, so he took care of all this)-- but I have the expendable income that would allow me  to afford improving a property if it is  in need of a little care. I also would prefer to be hands-on since this would be my first investment property, so am primarily interested in real estate in the Columbus, OH market and other local surrounding areas. 

Any tips or insight would be extremely helpful!