All Forum Posts by: Anthony L Amos Jr

Single. Make $100k as a w2. Just bought my first property which I am going to house-hack 2 rooms at $600 each. I live in CA. Should I continue with my idea of buying my first investment home outside of CA? or should I wait let things settle until next year?

Hello everyone. I just started the mortgage application process and have been pre-approved for a loan with a 6.75% interest rate. I was planning on purchasing a duplex this summer and going the FHA route, but now am not sure if it's the right decision with how high interest rates are. My price range is 200-250k and my total interest paid when it's all said and done will exceed the purchase price. I don't want to sit around waiting for interest rates to drop and pass on some good opportunities, but I'm also not sure if I want to pay that much in interest.

Does anyone have any opinions on this? Would refinancing a few years after purchasing make my numbers look better? 

Thank you in advance.

Recently got a salespersons license in California with the hope that this would lead me in the right direction towards investing and discovered soon afterwards that California is actually one of the worst places for investing. Haven’t started as an agent yet, but more interested in getting a head start with the investment side of things.
My dad and I have planned to partner up and get into investing together. He has no real estate background but does have more of the money to invest. Together we have about 100k to invest. Dad is more interested in fix and flip but open to other methods as well. Any suggestions on areas in California or out of state to get started? Suggestions for types of investing? Financing? Advice in general? I’m consistently between the Seattle WA area (also very expensive) and the San Diego area but open to better markets for investing.

Good morning, I live in California and I’m looking to buy out of state properties that cash flow using regular rental or section 8. Any tips would be appreciated it. 

Hi! 

I am new to real estate investing. So far, I have bought one house with my brother, who lives there. Now, I am planning to buy a second house for cashflow. I have $150 cash (for 20%, renovations, etc). Had a discussion with HomeRoom, but was wondering if others have any advice. I am open to any US city. My area (Seattle area) is clearly very expensive. While my first choice would be to invest nearby so that i can manage the property myself, but given my budget, I am here to seek advice from this wonderful community. Thank you.

I’d like to invest in Ohio after 5 years or so but where can I find the best cash flow in a landlord friendly state to invest in for now? I of course don’t have time to research every single market in the US so I figured I’d ask here, I’m from El Paso Texas and I’m willing to move anywhere in the country to house hack but in the cities I’ve looked at I barely pass breaking even if I’m lucky. I can put 20% down on a property up to $230k and I work a lot in different states so I need to invest somewhere in an A or B class neighborhood so I mitigate the risk of tenants causing problems, does anyone know where I can meet these goals? Of course I will hire a property manager

Hi, 

I'm debating between investing locally near Akron, OH and Columbus, OH. Columbus is about two hours from Akron. I have a good realtor locally in Akron (my brother). It seems like Columbus is doing better when it comes to property values rising with a little more appreciation in property values than Akron. The Akron area has some cash flow opportunities but at the end of 15 years a property in Columbus would be worth more. It also sounds like there are some cash flow properties coming up in Columbus as well. Is it worth the extra hassle of buying out of town? 

I'd have to build the core 4 wherever I invest. Any thoughts on this would be useful. I have started reaching out to a few people on the forum that seemed active in Columbus. I would love to network with anyone in the Akron, OH area as well. 

Lastly, I own a duplex that I'm finishing the renovation on and am wondering if there's a way to use the equity in our duplex to leverage a brrrr or a buy and hold. Should I plan on using cash or is there a way to use equity for a down payment. My goal is to get more cash flowing properties to start.  

Thanks in advance for the knowledge everyone brings to the forum. 

Jason

Hey there Biggerpockets family. Thank you for all the knowledge and life changing information. I have been following BP for 3 years now and Im ready to start my investment portfolio. Looking to learn and connect with everyone in the BiggerPockets community. 

Hi everyone,

I've been looking for properties for months and am still having trouble finding properties that cash flow. I'm aware that with high interest rates and the crazy rates of appreciation we've experienced within the past few years it's almost impossible to find something on the MLS, but I'm not sure what other strategies are working right now. What strategies have you used successfully in the past year to aquire a cash flowing property? Did you go through a wholesaler? Did you buy a MTR/STR? I'd love to hear about your experience!