All Forum Posts by: Jason Carter

@Gareth Meaker I like Austin but that's just b/c I'm familiar with it. Harder to find cashflow there now. But it's supposed to double in size over the next 20 years or so I was told. 

Kansas City I know a lot of people like for cashflow. It's probably the cheapest on that list or maybe Cincinnati. 

Here's the thing - you can find cashflow in any of those cities, some will be easier than others, but it all depends on your team, You've got to have a great manager, contractors and agent. If you can't find them in one city, move on to the next one. 

@Gareth Meaker Welcome.

Your list is too comprehensive right now. All of those cities can be great markets. Some of them are pretty pricey, which is fine if you have the capital. The appreciation in some of those can be amazing. 

I think it may be easier to help you if you told us your goals - are you looking for single family homes or multis? Cashflow or appreciation? Or both? What's your price range? 

Check out @Mark Byers at Signal Rents. I've found hime to be transparent about his fees and very responsive. 

Check out @Mark Byers at Signal Rents. I've found hime to be transparent about his fees and very responsive. 

Agree with @Jamie O'Brien. It can be done with 50-55K, it'll take some work to find the house but they're out there from time to time. Centerpoint might be a little tough at that price, but you can do it in Eastlake, but be careful as it's street by street there, even block by block in places. And don't use Zillow's ARV, of course. Make sure you vet the location and ARV through some local agents and investors.

@Adam Mykel Cox Welcome to BP. I fix and flip in Bham and like it a lot. The market seems to have cooled off a little during the summer but if you ever have distressed SFH's please let me know.

@Joel O. Just to echo @Tal Simpson, I was very pleasantly surprised when I visited Birmingham. I got the sense there was a lot of development and progress. And everyone I talked to had a genuine excitement for the city, the real estate market and the future. The new mayor seems to have injected a lot of optimism as well. I really enjoyed my visit and came away very impressed. I highly encourage you to visit. 

 @Jesse S. If the same company placed both these tenants it's time to change your management company. When I started I did that "no, let's work with the company and give them a fair chance." Experienced investors told me to move on but I didn't. That ignorance cost me thousands. Now I've got experience and I'm telling you - Ditch 'em. Don't give problem tenants or management second chances, unless you're running a charity. 

Sounds harsh, but I'm telling you, I learned the hard way. 

I'd start by reaching out to @Antoine Martel and ask about him about management. Memphis has good options and a lot of experienced investors on here who can help. 

@Julian L. is right. Look in those neighborhoods he mentioned. Consider house hacking. I know someone who bought south of USC, lives in one unit, took on a roommate while raising the rents on the back unit (they were significantly low) and now he lives for practically nothing in a Los Angeles house that he owns . Granted, the roommate thing won't work for you, but you get the idea. 

Also I recommend that coffee with @Nick Hedberg. 

Do those two things and you'll be off to a great start. 

Perfect. Thanks @Mark Rogers. I'll reach out to them.