All Forum Posts by: Brandon Cravens

Use 21st and their CASH program. Pull in new home, sell them then refi. Just a thought...

I'm a multifamily investor from Houston, TX. I'm researching tertiary markets in Texas and investigated Killeen. 

Has anyone invested there? The major employer is obviously Fort Hood. I'm sure there are cautionary tales of investing in a city with one enormous employer (even if that employer is basically the United State of America). 

Open to hearing anyone's thoughts!

I was just wondering if anyone invest in the C, D, F neighborhoods (aka "the hood").  If so what are the pros of this.  The cons are pretty obvious.   Do you still focus on certain areas or is it any "hood"?

Hi everyone, I live in Houston, TX. I'm planning to invest in multifamily property out of state (4 units and above). No duplex. I can't decide between Cincinnati, OH or Pittsburg, PA. Need your help.

@Reese C. This thread is very similar to one I started not long ago. We ended up just picking Indianapolis to start in because we were tired of being stuck in analysis paralysis. We decided that our time would be better spent analyzing a specific market, rather than continuing to debate over different markets when we don't have any experience yet. I've had a lot of people tell me not to attempt a brrrr strategy out of state for my first deal, but I believe they are missing the point, or rather what my goal is. Yes, of course there is more risk, but that is what an investor does. Manage risk. Yes, we could buy a turn-key for low risk, or invest closer to home. But I want to drive two hours to my investment property just as much as I want to take a 5 hour flight to one. I don't want to do either of those things. I want to make this into a business by developing systems. Systems like "Long-Distance Real Estate Investing" and the "E Myth" teach us to develop. I would rather not make any money on my first deal, even lose money on my first deal, as long as I learned from it.

My advice is to just pick a location and start mitigating your risk by learning about that area and networking. Only you know the amount of risk you are comfortable with. I don't know about you but I already have enough people telling me I can't do something. That is the beauty of BP, it is full of people doing things I once though was impossible. You can do this and so can I.

Disclaimer: I haven't done my first deal yet so take this advice with a huge grain of rock salt. I'm just trying to offer a little encouragement in a world of dissuasion.

Hello Everyone,

I am currently in the Denver Metro area and have one property that I am renting out and a primary residence. I just read David Greene's book Long-Distance Real Estate Investing. The book is great and I am motivated to implement the strategies that are taught to BRRR properties. But there is one problem with the book (or me)...

The problem is that it opens the whole country up as a possibility. The hurdle now is determining which markets would be good ones to target. I would like to target 3 and here is my shortlist:

Kansas City, KS

Orlando, FL

Raleigh-Durham, NC

Grand Rapids, MI

Des Moines, IA

With about 40K to invest, are there any on this list you would recommend, remove or add? 

Thanks