All Forum Posts by: Jay Styles

@Chris Freeburg Thanks for the insight Chris. That's actually one of the reasons why I chose Colorado for cheap airfare. And the short term rental strategy is something to think about. 

@Kory McCain Thanks for the comment. I started to look at some properties yesterday.  From your experience and expertise what pockets of Idaho should I be looking for properties?

@Steve K. I appreciate your insight Steve. Talking to a mortgage broker right now would probably be pointless due to my credit score dropping due to student loans. Right now I'm sitting at a 580 score and a FHA loan is probably my BEST and ONLY bet, and while house hacking is a really great strategy I'm not sure if I really want a stranger in my house around my soon to be newborn. These are tough decisions that I eventually have to make. Thanks again!

@Mike Wadsley Thanks for the insight Mike. Having a partner of private lender is definitely a strategy that I'm considering, however as of right now I'm less interested in the appreciation and more into the cash flow, so Colorado might not be the market for me. 

@Rachel Mazzanti At this stage, I'm just trying to figure out the best route for me to take so have not seriously research properties as of yet. I'm thinking of finding single family homes in working class neighborhoods out of state for 60,000 to 80,000. 

Hello guys,

I'm having a hard time deciding if I should invest in an expensive LA market or look towards out of state as a first time investor. After some research, I'm considering markets that are #1 Landlord friendly and #2 would only cost me no more than 200.00 bucks round trip when flying in. Wyoming and Idaho are two markets that meet this criteria, however I'm also considering Colorado and Nevada although they're tenant friendly markets. My #1 goal right now is to generate a good amount of cash flow and to sit on properties as they appreciate over time. I have about 15,000 saved and would love to hear your advice or scenario's on what you would do under the current situation.

Thank you all in advance for your time!!

@Jon Schwartz Oh ok I see. I really appreciate the information as this will come in handy!!

@Christopher Mitchell Hey Chris, welcome to Los Angeles! I'm also new to the industry and soaking up as much knowledge as I can before I purchase a property to generate cash flow so unfortunately I'm not the one to give you any advice. But, good luck on on your journey man and thanks for your service! @Jon Schwartz Hey Jon, you gave Chris some great advice and wanted to ask you how do you pull that Census data, if I may ask?

@Ethan Garrett These are great questions man. We're actually in the same position with getting started with wholesaling and hopefully others would chime in and try to answer some of your questions. Good luck on your journey!

Jay

@Michael Berger Sounds good, and no...thank you! Talk to you soon!