All Forum Posts by: Brandon Mojarro

@Luoyi Wu How are your Blue Ridge rentals doing? Have you seen a slowdown recently?

@Christine Pirtle We searched OTA’s for properties that had 5 star cleaning reviews and then messaged those owners/hosts asking who their cleaners are. We ended up with someone solid but she's had turnover lately and things are going down hill. We love everything about that market but the cleaners are probably the most challenging aspect in our experience.

Appreciate all of the input; there's a ton of insight here. 

@Mason Moreland One thing I haven't really got to yet was considering PM's quality in the area, although we are factoring them into our numbers.

@Jordan Moorhead We're in California and are pretty established in a quality home in a good area. We do have a lot of equity that we could play with, but we're not looking to touch it for this first purchase. It's funny, though, because I did house hack a purchase back in college and then onto my second home as well. Unfortunately, I sold both of those long-ago instead of renting them out. 

I'm looking for some opinions and insight on what a person in my position ought to do. I have a strong W2 income but few investments that will benefit our family when retirement happens; let's call that 10-15 years down the road. 

We want to start purchasing some buy and hold SFR's OOS in A and B class neighborhoods within great school districts. Since we don't need the cash flow now, we are looking for newer homes that will need less capex in the early years. I'm super busy with our family and running a business, so we don't want to get bogged down by rehab or repairs, etc.

Markets: We have boots on the ground in the Boise/Meridian area, and it's a place we could see ourselves moving in the future. Growth is good, but the rents are low compared to housing prices, and I'm worried job growth isn't keeping up with the influx of new residents. 

North Austin (Round Rock, Cedar Park, Etc. and to the south New Braunfels). The allure of an appreciating market and job growth sparks our interest, but at the same time, rents in the price ranges we're looking for will bring us a break-even situation at best for the foreseeable future.

Then there are the tertiary locations where housing prices are much more affordable, and we could probably acquire doors more quickly, but these markets don't experience the same appreciation. This is where I'm all over the map. Edmond, OK - Lubbock, TX - Abilene, Midland, Odessa, etc. the list goes on. 

Given our brief goals upfront, which market makes the best sense? Thanks in advance for your advice and input.