All Forum Posts by: Karl Hinkel

I currently live in California and will take years before saving enough money to invest in real estate. I’m considering investing in other states. Housing prices are much more investor friendly than California. But the question is...which state?? I’m not familiar with other states as much. So if you guys could give me some ideas or suggestions, it would be greatly appreciated. Thanks in advance for your assistance!

There are a lot of great markets out there. The midwest has been seeing a lot of capital migration to the area. Columbus is the second largest city in the midwest and has seen continued growth, other markets in Ohio that offer a great opportunity are Cincinnati and Cleveland. Indianapolis is a great market and is continuing to grow, the city of Indianapolis is 12% of the state of Indiana. Detroit is another area to look, there is growth in the area and more jobs coming. Kansas City and St. Louis are also good areas to look.

There are more risks investing out of state if you do not have a solid team, and experts on the market on your team. You will need property management, contractors, brokers/agents, wholesalers. Do your research on the market you are looking to enter.

3 Votes

Originally posted by @Scott Thompson:

I am new to bigger pockets and currently owe a 3 unit rental property with the intentions to buy additional rental units in the next couple of years. I am also interested in opening up a new small business / blog in the next month or so. My objective is to build a relationship with an accountant who can point my wife and I in the right directions in order to lessen our tax burden as much as possible. We earn a decent income between the two us and want to be able to meet every couple of months or as needed to review and strategically talk about the best ways to keep as much of our money as possible.

Ideally we would love to find someone in the St. Petersburg (where our rental property is and where we look to move back to) or Ft. Lauderdale (where we currently live) or somewhere in between, but would be open to remote if the right accountant can provide their expertise remotely.

We are looking to get this small business going as soon as possible, so please feel free to message me so we can talk.

Hi Scott, welcome to BP great community for investors and people involved in real estate as well as business. Relationships, to me, are the most important aspect in real estate and building strong relationships can exponentially grow your real estate business.

0 Votes

Originally posted by @Daniel Alvarez:

Hello all!

New BP member here looking to connect with other South Florida real estate investors and professionals.

I currently own two rental properties and looking for at least one more before the end of the year. My goal is to have at least 10 properties within the next 4 and 1/2 years. I got into real estate to diversify my investment strategy. I've learned a ton of information over the last 9 months just by listing to the BP podcast and doing a ton of reading.

If any member ever has a question about insurance claims or a closing, do not hesitate to reach out.

Daniel Alvarez

Hi Daniel, welcome to BP such an amazing resource. Great way to connect and network. That is a great goal to have 10 properties, are you looking primarily in South Florida?

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I have not had any experience but have heard of people having issues with violations and have let me know that the process was relatively simple, and could be done quickly.

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Originally posted by @Stephano Marte:

Hello BP community! I am super excited to have found and joined this site full of REI's. I am currently a junior in College and recently got a pretty sweet full time job that will be paying for my college and paying me enough money to start thinking about real estate investments! I have no debt or any monthly payments as i live at home with my family. I am passionate about challenging myself and wish to purchase my first property within the next 10-12 months or so. I am also looking forward to networking and exchanging knowledge with the community. Please let me know if you are also in the SoFlo area!

-Stephano

Hi Stephano, congratulations on your full time job, and welcome to BP. Great place to network, have you been to any REIA meetings, or meet ups? There are a lot in South Florida and another great resource to connect with investors and others involved in real estate. Purchasing a property in the next 10-12 months is a great goal. Feel free to reach out, would be happy to assist in any way I can.

1 Vote

Originally posted by @Ashley Hodge:

We are currently looking for Real Estate Agents that are willing to work with investors out of state. Our market is very competitive as I know most are, and most agents are not willing to work with us because we offer below MLS asking price. We would prefer to find properties before they are put on the MLS. Looking for Agents in the following areas:

Colorado- Denver & Colorado Springs Missouri- St.Louis, Lake ozarks,Branson,Poplar Bluffs Nevada- Las Vegas Flordia- Orlando,Tampa, west Palm Beach Texas- Dallas,Houston,Austin Georgia- Atlanta Michigan- Detroit Washington state- Seattle,Tacoma Tennessee- Nashville.

Please let us know if you can help us out. Thank you.

Hi Ashley, would love to connect. I have seen a lot of interest in South Florida for flipping. You have mentioned a lot of markets, that is great that you have a somewhat narrow search. However, I may recommend narrowing your search a little more and digging deep into those specific markets. If you need anything feel free to reach out, would be happy to connect.

0 Votes

Originally posted by @Kristian A moreno:

I figured I’d introduce myself to the community since I plan on getting serious about investing in rental properties. I’m currently a Federal Law Enforcement Officer in San Diego. I work a ridiculous amount of overtime, and I want to put that money to work. I’m currently starting to save up money to buy my first property, however I plan on looking into Florida for this first purchase. I grew up in Miami for most of my life, and lived there for about two years in the Naples, FL/Fort Myers, FL area. I look forward to using the knowledge and skills that I can acquire from this website/community to make my first purchase in FL!

Welcome to Biggerpockets, this is a great resource to connect with investors in the area and connect with people who are experienced in investing in real estate in different markets than they live in. I think South Florida is a strong market and think there is potential for continued growth in the area. Feel free to reach out anytime.

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It is an expensive market, there are still deals to be found. I would definitely recommend checking out a local REIA, there are a lot of meet ups in the area that can really help in networking and getting in touch with more people.

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Originally posted by @Lekisha Cole:

Hi,

I’m new to wholesaling. I’ve been contacting a few title companies in the South Florida area to close out a deal I just came across.

Most of the companies is telling me that they don’t do double closing or work with real estate investors.

Do anyone know of a title company that work with real estate investors that’s familiar with wholesale deals in the South Florida area?

I have heard Independence Title is a good company and works with investors. Attending local reia groups will be helpful in connecting with other wholesalers and investors who may be able to give you more insight into which title company to use. Good luck!

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Great Ernesto, welcome to Miami, you are in a great place to network and connect with others! So many great meet ups and ways to connect. If you have any questions, feel free to reach out to me.

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All Forum Posts by: Karl Hinkel

Karl Hinkel has started 3 posts and replied 110 times.

Post: How risky to invest out of state?

Post: Looking for Accountant in Florida - 1 rental prop and small biz

Post: New So. Fla. investor (and title agent)

Post: Successful with code violations???

Post: Hello! from a young(19) rookie in South Florida

Post: Real estate agents with investor deals

Post: Hi Bigger Pockets Communty!

Post: Looking to connect in Miami, FL

Post: Wholesale investors title companies

Post: Just moved to Miami!