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All Forum Posts by: Jacob Ellsworth

Jacob Ellsworth has started 1 posts and replied 4 times.

@Nicholas L. As much as I would love to move out of California, I've got 17 years left of my career before retirement... so not exactly an option. I knows it's difficult but it's been done by a lot of people. Just takes more research and work, which I'm willing to do. I will give the podcast a listen. Thanks!



Originally posted by @Michael K Gallagher:

@Jacob Ellsworth Honestly, a lot of picking an asset class, location etc is really down to personal preference. For instance I tend to favored small multi over single family because I personally like the numbers and the flexibility of income it provides. I can long term lease it, short term, move back in and house hack if I need to, and the financing is fairly simple and you are able to use and FHA loan. But that's just my preference, does not mean it's the only way to make it work.

As Brandon always says, it’s more important that you decide and start taking action than what you actually decide.

I also like the idea of multi-family verse single family and I think that's my plan...  lookin at quad plexes...  thank you for your advice. 

Thank you for everyone's reply.  

@jaron walling I agree it might be easier to invest locally verses going out of state, but to invest in California, I would need 4 times the capital just to get started.  And I just don't have that.  Theres a lot less risk to capital by investing out of state...  

@jimmy Woodard thank you for those tools.  That's exactly what I was looking for...  once I figure out what location I want to invest in, I'll start to work on setting up my boots on the ground.  I dont want to give anyone a run around if I'm not truely committed yet to investing I their area.  

Hey everyone.  I'm a brand new investor...  just started the learning process.  My names, Jacob and I'm from Cali.  Looking to get into the real-estate business.  I've been reading a ton, listening to pod casts, watching videos.  Just trying to take in as much as possible.  

I've been learning a lot about the brrrr method, reading the brrrr book...  and I like what I'm learning.  The thing I'm struggling with is figuring out how to determine where I want to start investing.  I definitely don't want to invest in California...  I'd much rather go out if state.  My question is, when looking at different cities, what information is important? What set of numbers will make an area good verses an area to avoid?  And where do you get those numbers.  I've been trying to find videos or blogs or pod casts on it and haven't been able to find much.  Maybe I'm not looking hard enough.  But if someone could point me in the right direction, I'd really appreciate it.  I dont want to just throw a dart onto the map and then suffer the consequences later.  I'm way to over analytical and would like to compare as much information as possible before I start looking at properties.  

Thanks in advance for any advice!