All Forum Posts by: Bret Halsey

@Eric Prescott It's a little tough since I haven't been in the midwest for any extended amount of time but it does seem that steady growth (rent and population) with decent future prospects is a pretty good bet on a healthy market. I get caught up trying to find the perfect market like analysis paralysis, when I should be focusing on the fundamentals that are likely to make things easier on me. I do feel however that knowing market specific information and networking with local investors will be extremely beneficial.

@Garrett Crosby I love the systems mentality - I've done quite a bit of deal analysis, I'm in the market analysis phase and then going to be reaching out to off market owners consistently since I'm going to be an active investor. I've definitely heard of Fayetteville and would love to make a market like that work as long as the property cash flowed. Will be looking into it!

@Sam McCormack Hey Sam, house hacking a small multi is a baller move. I've done it twice with SFH and now looking to get a true investment property. Would be dope to connect with someone in the area out there!

@Nathan Gesner Yea, I'm wondering if that craze is going to be slowing down now that rates are rising. In that case I'll probably just start by state and look for where there are smaller markets that work outside of bigger ones. Are there any states that you like to look into primarily?

@Eric Prescott I agree and thank you that's very insightful. How do you determine the diversity/strength of a market's economy? I was planning on looking at population trends, rent growth over time, and just doing a Google search for it's future and job prospects.

@Napoleon DeCiutiis Is @theshortermshop for Airbnb listings?

@Conner Olsen I actually have 2 house hacks in SLC and I'm now looking to buy a true investment property. I'm aware of that MTR strategy to make things work and have found it interesting, how's it working for you? Do you anticipate any changes heading into more of a recession?

I've decided to look to buy my first true investment property in the near future and despite knowing how to run the numbers, I'm having a difficult time deciding where I should be looking to buy. I'm considering either a small multifamily (duplex or fourplex) or perhaps a single family that will be easy to rent and cash flow. Where I live is way too expensive to cash flow so I was thinking a landlord friendly state in the midwest, something with plenty of inventory for me to find a good deal but also strong rental demand. For those who invested out of state, how did you decide on your market? Where are some good areas I should check out?

I've begun reaching out to off market property owners in my area of about 80k residents to find deals but I'm having some questions about the lists I should be looking at as well as managing my leads. I'm thinking about stacking a list of absentee owners, tired landlords, liens and other distress factors but with my cold calling so far I'm only getting responses from about 20% of my leads if I'm lucky. I'm wondering how do I maximize my response rate and keeping track of my leads so I can re-market to those that may be interested in the future. How should I be thinking about this?

Hey guys, I've been marketing to a town with about 80k residents and am not sure how I should go about managing my leads and lists. I've found that absentee owner as well as tired multi family landlord lists are producing well, however through cold calling I'm only getting a hold of maybe 20% of my skiptraced leads to see if they're interested. There are thousands of properties that fit my criteria however, I'm not sure the most efficient process of marketing and keeping track of these leads. Would it make sense to create a big list of everyone I want to target and keep marketing through multiple methods until I get a response? How else have others gone about managing their leads and getting the most out of their respective markets?