All Forum Posts by: Karrie Jeffries
Karrie Jeffries has started 2 posts and replied 3 times.
Greetings all,
Newbie here looking for my first OOS investment property, seeking insight into San Antonio, TX. Interested in what opportunities may be there be what strategies work best, what the best neighborhoods are to narrow my search, etc.
My initial plan is buy and hold a SFH, and rent out with long-term appreciation as the primary goal. I'd ideally like a turn-key property for less than 200k, in a class B or better neighborhood, but with limited knowledge of the area I'm open to changing things up if that is not realistic.
Would love to connect with investors or realtors in the area to learn more!
Thanks,
KJ
Post: Starting Out -- Seeking Guidance on Out-Of-State Investing
- Posts 3
- Votes 9
Quote from @Lara White:
@Karrie Jeffries Welcome to the BP Forums! We were ALL very green to REI at one time - everybody starts there :)
Have you set up some keyword alerts to help you learn about things/areas you are interested in? That would be one way to really dive deep into a topic/area that interests you. Once you find a location, find a good team (realtor, property manager, other investors in the area) - maybe go visit the area you like - see if it's what you expected - it's not necessary, but sometimes it helps to get out of the analysis paralysis stage! You become 'invested' in it!
My husband is AD Air Force here @ Tinker ourselves! Best, Lara
Thanks for the reply and info, @Lara White! No, I haven't set up any alerts -- but I will now. I didn't realize that was a tool on the website until now, so thank you for pointing that out. Also -- Semper Paratus! I'm AD Coast Guard myself.
Post: Starting Out -- Seeking Guidance on Out-Of-State Investing
- Posts 3
- Votes 9
Long time lurker, first time poster. Very green to real estate investing with no tangible experience, but I've a general idea of the direction I *think* I would like to go in to reach my financial freedom goals.
Currently, I live in Seattle, WA (stationed here as active military), and rent in the South Lake Union area. Homes prices in Seattle and the surrounding suburbs are exorbitant -- either out of my reach financially, or so far on the outskirts of of town that I can't imagine they'd be a high demand rental. (Seattle agents -- correct me if I'm wrong!)
For that reason, I'm seriously considering investing in a market out of state by purchasing a SFH as a rental opportunity. Plan would be to hold long-term and rent out -- immediate cash flow isn't too much of a concern to me, as I would be more interested in long-term appreciation. I would still plan to rent in Seattle, and then potentially use my VA loan to get a second property which would be my primary residence wherever I get stationed next.
What I am hoping to do is connect with someone who would be willing to povide some guidance on a course of action for how to get started in an out of state market, and strategies on how to choose a location. I've done some research into what markets may be good to invest in -- TX, TN, OH etc -- but honestly as a layman, it's pretty tough to pull the trigger and get out of that "analysis paralysis."
Any guidance or suggestions on where to start would be greatly appreciated!