All Forum Posts by: Anthony L Amos Jr

Hi All, 
long-time lurker on Bigger pockets, but a first-time poster. 
I am beginning my real estate investment journey and know that I want to invest in a property out of state (I currently live in Seattle, WA). I would like to find a property in the 200k or less range to start. I am thinking of a single-family or small duplex. I am hoping for a CoC of around 10-12%.
I am open to most markets in the US but starting to feel overwhelmed by the multitude of options. I am having trouble narrowing my search down to one market. 
I am curious how you out-of-state investors narrow down your search criteria?  Addtionally, what markets would you recommend to someone like myself? 

Thanks in advance for your advice

Guys I am looking to get into a few rentals in the Cleveland Ohio area.  I know a few people there but I've never been there. I'm planning on going to visit in July. Is anyone here familiar with the areas or zip codes to avoid or areas that are good for investing?  My friends are gonna have me buy everything in the C and D and possibly F neighborhoods. They don't know anything about Real Estate Investing

Hello, I was wondering what renters typically like. Do they enjoy LVP or carpet for their bedrooms?

I’m new to the investing in real estate world. So I have been doing the 2% and 50% rule and nothing around my area which is central ohio added up a positive cash flow? So say a house that cost 180k to create a positive cash flow would have to rent for 2410/m to break even is that correct or am I don’t the math wrong? But even at that it’s only 1.3% on the 2% rule. So any help would be greatly appreciated. Thanks 

I am brand new to real estate investing. After listening to some podcasts, I have decided to house hack and purchase a multi-family as a first-time home buyer. I lucked out and can participate in a 0% down mortgage up to $850k. I am a traveling healthcare worker, so I can live in anywhere in the country.

I have seen some multis in FL, but they all are so expensive for a turn key property. 

What advice would you give for someone starting out? Which markets do you think I would get the best deal? My plan is to live in one unit for the minimum amount of time (1 yr I believe) then keep acquiring properties.

Hello,

Long time lurker. I have been seriously considering OOS investing finally and am hoping the folks here can give me a list of reputable real estate agents/companies/Bigger Pocket member to start working with in Indianapolis, Indiana. I'm looking to see if doing OOS is even possible given my specific interests in passive investing (meaning I"m looking for turnkey groups or even condos in the appropriate setting). I will be cross posting in other city sub-forums as well such as Phoenix, Birmingham, etc.

Thank you all,

James

Hey everyone, I'm 24 y/o from NJ looking for some advice on the best way to get started. I'm currently working a full time job remotely and have been actively looking for my first deal but am struggling on which market & strategy I should be narrowing my focus on. I'm currently debating between trying to find a LTR here locally in NJ or finding a STR that i can manage remotely in a hotspot like Myrtle Beach. My budget is 400k or less which basically eliminates all MFH and leaves me with either single fam or townhomes/condos here in NJ.

Does it make sense to find a SFH in NJ considering how competitive the market is? My ultimate goal is to buy something and hold while using it to cash flow, just struggling on where to focus.

Any advice is greatly appreciated!

Hello! I have always been very interested in investing in rental properties. Ever since I was little. I've had numerous family members who became very successful in it and I would like to follow. (All of which are sadly gone now). But I have read many books and watched tons of videos but I guess I find myself lost on where to start. I've been working a min wage job for last 5 years and have nothing to really show for it. I just seem to get discouraged by the big prices of houses here in Florida. Even the run down places. Any suggestions would be greatly suggested. Or even book recommendations or courses as well! Thank you!

Looking into buying a small multi-family unit here in Cleveland or Columbus. I will need to borrow the down payment. If you have experience in doing this how did yall  pay back the loan? Interest only payments and promise to pay the principal within a certain time frame?

Hi ya'll, 

Wanted to hear your thought on this. Currently have $170k saved up + mother offered to sign loan w/ me. Looking at duplex/triplex and plan on house hacking. My lender basically stated, whatever monthly payment (plus income rent) that we're comfortable with. 

I'm aware if we go the conventional route, duplexes are typically 15% down, triplexes 20-25% down; while FHA is as low as 3.5% down but PMI included. I rather put less down so I still have extra funds to jump on other opportunities that arise.

Currently looking in WA state (the state I work in) for duplex/triplex to house hack, however, majority of these properties won't cashflow for a few years (even after I move out of the unit). I've been crunching numbers since Nov and there's only been a handful where I've seen the numbers make sense. 

I started to look in other areas like OH, WI, FL and thought I could probably purchase 2-3 duplexes there than purchase just 1 in WA. Wanted to hear if anyone else had this dilemma and what actions they took. Any insights or experience is greatly appreciated! 

Note, I don't care much for appreciation - I rather have consistent cash flow and hold. If I was to invest out of state, I would also move there since my work is remote.