All Forum Posts by: Jennifer Noble

Charles Moore You are amazing and so is BP! This was SO helpful, you have no idea. I especially appreciate the suggestion on price range to consider which makes a lot of sense regarding vacancies/maintenance/tenant quality. Thanks for such a thorough reply!!

Hi All,

I'm trying to decide if I want to take on the risks of buying property out of state.  I like this idea because I can probably get a property for 35k-40k all cash in the MidWest somewhere. This would allow for potentially good cash flow while still allowing me to pay for project management, etc.  I could also potentially refinance a property bought with all cash and then purchase another...  But it would require me to fly out to the city every so often to check on things, among other problems I'd have to manage from Cali.  This is not to mention the staring difficulties of finding people to trust in my chosen market.

On the other hand, I could reduce the risks that come with out of state worries (flights, PM's not doing their job, etc) and buy locally in the SoCal area.  However, it seems I will NOT be able to do all cash.  This means, I will cut into my cash flow significantly and put myself on "the hook" for another 15-30years if I get a conventional loan.  This doesn't feel ideal to me, but I know I could go to my property quickly if need be (well, depending on LA traffic).  
I understand the specific numbers matter most, but I am hoping some of you can give me input on what other factors I should consider or what you think might be the best choice.  Perhaps there are some big pieces I am missing that I haven't considered.

You all will help me get over my analysis paralysis!  ;)

@Jenny CunninghamI am late to this thread (and just recently joined BP), but are there no options for private groups chats in the BP website itself?  If not, I will go and search this on fb to join!  Thanks for creating it, I'd love to be able to hear about and prepare for what might be out there.  This is part of our due diligence!  :)

Thank you @William Hulland @Adam Bontrager!  I am already seeing what you're talking about and I will be making sure to do some in depth research on the city I end up choosing! 

Hi @Lawrence Greene, Your link is taking me to the same page?  I think I am supposed to see a more detailed reports on the financials.  Please let me know if there is a different link.

Thanks @Dmitriy Fomichenko!

@Adam HussHey there Angeleno!  That's a good point, I was thinking I should have someone close by just in case... Which leaves me with Oklahoma City, S. Florida, some areas in Baltimore, maybe Vegas... hmmmm...  so much to consider!

Hey @Ali Booneoh wow!  How similar!!  I love ballet, contemporary, classical Indian and anything else that sounds fun (salsa, hip hop, etc)!  I wish I had time to dance as much as you!  What cities do you buy in??  I am trying to get a list going to start investigating my options!!

@Lee ScarlettI am most likely going to invest in other areas as Los Angeles is out of my price range right now!  Looking for best (cheapest) cities to consider...

Good luck, @Christina Henry!  I also just joined and have been listening to the podcast and reading some of the stuff here in BP.  Perhaps we'll see each other again in a buy and hold discussion!