All Forum Posts by: Brandon Goldsmith

Narrow down a buy box then target markets that have more of the inventory. Closer to home is always better to start out if you you are able to. As some of the others said, it doesn't really matter where you buy as long as you have a good team in place, being closer just mitigates risk in the beginning. @Sam Gupta

If you look in sub markets of larger cities mostly around the South and Midwest it can be achieved more at scale. A lot of neighborhoods in the metro pockets still have higher prices. @Zeliang Zheng

If you can start closer to home its always easier. If that isn't possible, then just comes down to the team you build at the end of the day. I would narrow down a buy box first then start reaching out to a few people in those perspective markets. @Paul Mitchell

As some of the others said, you won't be abe to do FHA out of state. If you already have a pre approval for FHA then starting locally with a house hack is going to be your best bet. @LeRoi De-Souza

If you can stick close to home it's going to be easier but it isn't financially possible then that is when I would look out of state. It just depends on your goals as an investor. @Christopher Bierman-Gwinn

If you aren't local and are investing out of state, it may be beneficial to have an attorney look over the leases you are going to use. This is something that can change from market to market and definitely state by state @Kieran Dowling

As some other mentioned there are a good handful of questions to ask such as how they screen tenants, lease units, fee structure and try and ask for references on some of there older clients as well as newer ones as well. @Jagger Boyer

Welcome to BP!  @Ian Groetsch

If there is multifamily local to you, I would start with house hacking. Especially if you live outside the major city, then the price points should be more affordable. @Shana Taylor

All of those are pretty similar markets but might vary slightly on price. There are a good amount of developments going to Columbus and Cincinnati though. @Ryan Lopez