All Forum Posts by: Gregorio Villar

@Gregorio Villar at a top level, identify states that have low to moderate property taxes and are landlord friendly. Then drill down to the metropolitan statistical area. Look for markets that have 1. Growing populations, 2. Growing jobs,3. Good income levels and 4. Modern/diverse economies and industries. 

Have you looked into Oklahoma? Our numbers are staying strong, cost of living is low and the state is very landlord friendly. We're also growing like crazy, so tons of cashflow opportunity.

I'm a real estate investment specialist in the Oklahoma City and Tulsa markets and I work with a lot of investors like yourself to help connect them to investment properties. My team is moving 35 properties/month across Oklahoma. I'd love to connect and share some info on the market. Feel free to reach out if you're interested in a phone call at some point!

@Gregorio Villar I think the biggest factor is selecting a market is to focus on the market that you are most familiar with.  Once you have decided on the location then compare the returns (and maintenance cost) on condos vs single-family detached.  I still like Las Vegas and Henderson.  I manage and own some rentals in the Inspriada (Henderson), Green Valley Ranch (Henderson).... I like Inspirada due to the newer homes and all the development that has continued to bring new business, restaurants, and amenities. 

Tulsa, OK. Home values are 30% less than the national average and one of the few cities where you can still cash flow from MLS purchases

It really just depends on what you are looking for. If you are looking to be passive and want a less stressful investment opportunity, I would suggest working with a team that is already established. 

Love me some Sweet Home Alabama!!

Specifically Birmingham and Huntsville. Highlights:

-One of the lowest unemployment rates in the country

-One of the lowest base property tax rates in the country

-One of the most affordable home markets in the country

-Huge opportunity for growth

-Great food and southern hospitality!

Let me know if I can help or answer any questions!

Hello @Gregorio Villar

Welcome to Bigger Pockets! 

Memphis is a great place to invest. It is a market with a pretty low entry price, great cash flow, and decent appreciation as well!

I would be more than happy to send you some information! 

@Gregorio Villar I would suggest checking out southern/midwest markets. They are landlord friendly, median price points, room for rental increase and appreciation! Besides those aspect, I would say the team you work with is the most important ingredient when investing out of state. Do you plan on building your own team or working with one that is already established? Feel free to reach out if you have questions. Best of luck with all your investing! 

I think definitely depends on alot of factors. I think starting in your location is always most ideal because mistakes are a lot less crippling especially if you can do some of the work or manage if you need it. However, that may not be possible in expensive markets if you have limited capital and eventually if you want to out of state invest and have some money to cover issues when they arise, building a team out of state can be great for scaling as it is nearly impossible to work in your business at a distance. 

I think figure out how much money you have, if you want to do BRRR or turnkey and then start looking at areas.

@Gregorio Villar a few suggestions if I may -

First decide your budget

Get your financing in order

Decide if you want turn key or if you want to do work

And, are you planning to move anytime soon - sometimes that helps people decide.

Best wishes