All Forum Posts by: Brandon McLendon
Brandon McLendon has started 5 posts and replied 25 times.
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@James Wise Thank you for the fast response James. Thats very interesting. I was always set on finding somthing to "Brrrr" but you are saying skip that and get something in good enough shape thats already rented preferably.
Thanks again
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Theresa Harris Thank you Theresa! All my data shows the midwest (which I dont Know) But you may be right. I may think about joining a syndication.
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Theo Hicks I appreciate this Theo, I'm trying to find the best solution for finding capital for down plus rehab.
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@James Wise Thank you for this advice. I will contemplate all of these talking points How would you suggest juggling the down-payment and finding the capital for rehab cost?
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Joey Allison So you suggest finding action properties but wouldnt I need all cash for those? I havent considered those places even though I travel for my job and know them well. Also you think I should use the 30k as a down payment and the hard money lender will let me finance the rehab?
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Jon Crosby Thank you Jon, I have a lot to consider and this helps me narrow my decision making. That may be a good idea.
Post: Long Distance Investor Mentor
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Jack Glazer I grew up in NO and we visited a lot through my childhood so I def can't rule out FL. They are in my top 5 places to consider. From all of my data research, I have found Kansas City,MO and Indianapolis to be quite charming.
Post: Long Distance Investor Mentor
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
@Danny Randazzo I am trying to go at it alone. But I may try to go with an experienced group. That will prob be my best bet. Is that what you would do?
Post: If you had to start over with only 30k, what would you do now?
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
For all successful out of state investors. If you had to start over, knowing what you know now, how would you do it with only 30k?
I am trying to figure out my starting strategy for out of state investing. I am in California and need to start else where. I am so close to jumping in, Just thought I would ask a curious question. What would you do if you had only had 30-50k to spend?
Thanks all! Looking forward to your responses!
Post: Long Distance Investor Mentor
- Rental Property Investor
- Long Beach, CA
- Posts 28
- Votes 6
Originally posted by @Todd Dexheimer:
Originally posted by @Brandon McLendon:
@Todd Dexheimer Great articles! I will definitely be following your advice. I can tell this is very valuable! I took many notes and will be looking for trends and job growth signs instead of "following the herd". TY
Thank you. Also, consider other ways to invest in real estate passively. You are buying small properties out of state, which in my experience is a hard way to make money. I have 5 duplexes out of state and they don't produce much cash flow after you consider management fees and maintenance costs. My 100+ unit multifamily deals on the other had are able to operate much more efficiently.
Thanks Todd, If you have any suggestions I am all ears believe me, I am open to ideas. If you were starting out all over again, what would you do? I dream of doing a 100+ unit, my first deal. I agree it will eat up my cash flow, I just figured I would get started with 2-6 unit and try every year to double, then triple, and so on.
Thanks again