All Forum Posts by: Anthony L Amos Jr

I'm a new investor (0 deals), and we live in Marin County, in the SF Bay Area. We are homeowners. We also have a couple hundred thousand dollars in liquid assets to invest, plus time and motivation.

Seemingly our smartest place to start is investing long distance. However, neither of us has any knowledge or skills of renovation at all. Is it reasonable to attempt BRRRR long distance, knowing we'll be 100% relying on contractors we've never met? The alternative seems to be purchasing locally, which is ... insane.

I should also note that this wold be just me (a woman) managing all investment and rehab, which complicates things even more, if you've ever dealt with a contractor. 

Hello BP Community! I am seeking out advice on how to get started in Real Estate Investing. I'm retired military who currently lives in Palm Beach County. For years I have been wanting to get started in Multi-Family Investing. The house hack and using my VA entitlement won't work because I have used that on my current home. The reason I'm interested in the midwest is because it is cheaper than Florida, but if I could find the right deal in Florida it could be an option.

Any advice, suggestions, or comments would be greatly appreciated.

I am looking to do my first RE deal. Despite its inherent risks I'm looking to do a BRRRR strategy because I do not have the capital to put down. Ive looked at a few areas and settled on Birmingham, Alabama.

Here's my ideal deal

Purchase: $60k

Closing: $2400

Rehab: $35k

Holding costs for 6 months: $8000 - estimate for interest & utilities. 

All in $105,400

ARV: 145,000 to 155,000

Here's the question(s): 

1. Does anyone have any experience in this city, and know if these numbers are possible? 

2. Are there any areas in Birmingham, Al that I should consider/ Avoid? 

3. Feel free to recommend other cities as well. 

Hi
We are trying to choose a market for MTRs - we are between Columbus, Cincinnati, and Troy, NY.  
Very tough to determine a market for MTRs specifically because of the difference in strategy from STR/LTR. Can anyone provide insight whether it is in general or for those specific markets?
TIA

Are there any meet up groups in Austin? 

I can't seem to find one. I newly moved here and are looking to get to know a few people. I am a syndicator and have a few small multifamilies in Lexington, KY, Columbus, OH and Manassas, VA . I would like to meet and provide value to anyone I can

sincerely

Hello Everyone,

My name is Artem and I am excited to join the BP community. Looking forward to connecting and sharing insights with you all!

I am just getting started in building a portfolio of medium- to long-term rentals, and having analyzed a few out-of-state markets, I really like Columbus due to its cash-flowing characteristics and recent growth numbers.

I am reaching out to learn a little more about the different neighborhoods and connect with any local agents/investors to possibly pick their brains.

Let's hear what neighborhoods you prefer and why?

Thanks all!

Hi Folks,

Does anyone have a good, REI-friendly accountant they can recommend? I'm just starting out, in contract on my first property...so I don't necessarily need all the bells and whistles. But do need to meet briefly with someone very soon.

Thanks!

Hello!

F/T mom and remote attorney-looking to invest in first rental property :)

Apprehensive in this uncertain economy esp with the looming election and potential recession. 

I am writing to seek some guidance as I embark on my journey into out-of-state investing. I am new to this exciting world and have been strongly considering the Ohio market, specifically focusing on multi-family properties in Cleveland, Akron, Cincinnati, and Dayton.

To ensure a successful venture into long-distance investing, I understand the importance of establishing a reliable and trustworthy team on the ground. Therefore, I am keen to create a solid core strategy that involves a realtor, contractor, property manager, and lender who can assist me in navigating the Ohio market effectively.

If any of you have had experience investing in these areas or have suggestions regarding professionals or companies that fit my criteria, I would greatly appreciate your insights. Recommendations for investor/realtors who specialize in multi-family properties, reliable contractors with experience in renovations, property managers who can efficiently handle day-to-day operations, and lenders who provide favorable terms for investors would be immensely helpful.

I believe in being well-prepared, and I am fortunate to have excellent credit and cash reserves to seize the right cash-generating opportunities. However, I recognize that knowledge and experience are equally vital in this endeavor, which is why I am reaching out to this wonderful community for advice and guidance.

If any of you have gone through similar experiences or have insights into the Ohio market or long-distance investing in general, I would be grateful to hear your stories and learn from your successes and challenges. Additionally, any tips or best practices you can share to help me build a robust long-distance investing strategy would be invaluable.

I am eager to take this exciting step and build a successful portfolio of multi-family properties in Ohio. With your support and collective wisdom, I believe I can overcome any obstacles and achieve my investment goals. Thank you in advance for your time, assistance, and valuable contributions.

Wishing you all continued success in your own investing endeavors!

Warm regards,

Rhaheem Blanden, MPA

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