All Forum Posts by: Anthony L Amos Jr

Hi everyone! My name is Krysta and I am a new investor. I live with my boyfriend, two sons age 12 and 17, and three dogs in a beautiful rural area of norther Harford County MD ( about 40 minutes north of Baltimore).

I do have one long term rental and one Airbnb, but I actually owned these prior to knowing about REI. I am currently in a mentorship and am committed to growing this business quickly!

I am a Registered Nurse and have cut back my hours to focus on real estate with the goal of being able to quit my current job and have a full time REI business!

I hope everyone has a blessed day!

Hello,

I am currently trying to find my intro to real estate investing. I make about 89k a year and I have about 20k saved (~10k in bank and ~10k in ETFs). The main issue for me right now is that I live in NYC and if I want to invest in a property here, I do not have enough saved up, and I do not make enough. I have also considered purchasing a property in another state (Texas) and hiring a property manager, but I am not totally sure how that works. What is your advice on how I should get started with investing in real estate? Thanks in advance :)

I am new and have only just begun my research and looking for deals. My issue is that the average SFH is $650000+ and duplexes can be $700000+. If we typically want to shoot to have rent be 1% of the mortgage, how am I supposed to be able to rent something out for $6500 minimum (whether for a single family home, or split between units in a duplex)? My rental market averages $2500 for a basic but nice house, 2+ bedroom apartment or townhome. What are my options in this ridiculous market?

Let's say you're looking for the following:

Purchase price = $75,000

Rehab cost = $25,000

ARV = $150,000

In what market is this kind of a deal likely to happen today?

500K should give me about 2.5 Million in real estate. Where should I be looking? I live in California, and 2.5 Million doesn't go very far here. Also any general advice from experience you can lend me so I don't make your mistakes. Wish me luck! 

What are your tips for starting out with the BRRRR strategy remotely? I'm likely going to BRRRR out-of-state. Yes, I'm aware the 1970's called and their interest rates are back — I'm factoring this into my numbers. Yes, I have David Greene's book on Out-of-State investing. I'm re-reading it now. But the book can't possibly cover everything, so I want to get a discussion going.

Assuming you're hundreds of miles away:

* How do you know what areas to avoid in a city? (Walk the area virtually with Google maps?)
* What is the line between "poor area" that will cash-flow vs. hellhole that will see your property destroyed? (No Flint, Michigan-like areas!)
* How do you know a *real* rock star agent from a pretender?
* How do you vet your PM?

* In general, how do you not get screwed?
* What are red flags to look for?

Hey everyone just thought id put out there that I am a realtor licensed in Michigan, and I’m looking to network. I mainly just deal with the metro Detroit area but I do plan to branch out as I grow my business. Feel free to connect if your out of state as well!

Hi, i am looking for my first investment property, and i’m new to real estate and looking for suggestions interms of state/location, type of loan which can generate some positive cash flow or break even.

Good afternoon. I am looking forward to listen and to learn about different RE market in different states (Population growth, Jobs, Appreciation). Are there podcasts, video that drive deep down on individual states on the potential of certain place?

Thank you very much!

Hello everyone,

My name is Luca Giani, I am a real estate agent in California and together with a partner, we are looking to invest in a rental property out of state. We are looking at different cities/areas and one of them is Detroit.

What are we looking for:

- Single Family homes up to Fourplexes, max 160k, 20-25% down payment.

- Properties potentially able to generate CASH FLOW.

- A lender to work with that can assist us to get a DSCR loan to buy the property.

- A reliable management company that will take care of payments, maintenance, etc. in order for us to deal with our property/ies without having to be present physically.

We are looking, in the long/middle term, to invest in multiple properties so this could lead to multiple business opportunities for you and your partners (lenders, management companies, etc.).

Anyone willing to help?