All Forum Posts by: Anthony Gayden
Anthony Gayden has started 77 posts and replied 1981 times.
Post: Americans Are Ditching These Five States In Record Numbers
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Well this shouldn't surprise anyone who has lived in Arizona. There are a lot of people fleeing high cost California for the state.
Post: Tips on Visiting Omaha
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Omaha is a nice town and I like it as a place to invest. If you are looking for cash flow rentals, there are a number of single family properties under $50,000. Also there are some areas around town with great opportunities for flipping houses.
Hopefully it will have warmed up a little when you arrive.
Post: What are the best States for real estate investing?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Colleen Fincham:
Can anyone advocate for the state and/or city that they live in, as being a great place to invest in real estate, specifically buy and hold properties? Chris, my husband, and I are transitioning out of the military within 6 months and have some choice where we move. Thanks!
There are more factors than you could imagine in making a decision where to move. Keep in mind as well that some forms of real estate investing do not require that you live anywhere near your investments.
I primarily buy and hold so my thinking is that you should live where you want, but invest where it makes sense. I live in Omaha but own properties in Phoenix, Tucson, and in Omaha.
If you are flipping houses you may need to be more hands on and live close to your projects.
Post: At What Point Did you Hire Property Management Co.
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @David K.:
Just curious for those with 10+ units...at what point did you decide to hire an outside company to manage your rental properties? I've been self managing for a long time and done well, but wondering if maybe I can go bigger by freeing up more time v. there's not many deals out there now so will my time actually be productive?
I got property management on my very first property which is a 4 plex in Phoenix, AZ.
I have always been a long distance landlord, and on top of that I have a very demanding career where I travel a lot and do not have the time to do hands on investing.
Post: The Dow Tops 25,000!!! 2018 Will Be Awesome For RE Investing!!!
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Post: Lender says “no loan for a 5 hour commute”. HELP
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Amy Beth:
Why do this to yourself? I could see doing it if you are transferred after moving and your job is lucrative. Why not buy a house closer to your duty station?
This is what happens to the middle class when housing prices become outrageous. It doesn't matter how lucrative a position you get when the average home in a non-ghetto area costs $500,000+.
Post: What to invest in to protect myself in a downturn
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
You should already know what most people here will say.
Real estate.
Post: Will 'BRRRR' go away in the next housing downturn?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Joseph M.:
BRRRR seems to be a very popular method to acquire rentals these days. Do you think it's likely the BRRRR method will not be possible in the next housing downturn?
Also just wondering what is the history of BRRRR? I'm guessing it was possible during the last boom (until 2007 or so). But I doubt it was possible during the last housing crash. Or maybe one could do it but banks would only lend at like 60% or something ?
Many banks stopped doing cash out refinances all together after the last crash. They tightened up their lending to a great degree that to this day still makes it more difficult to be an investor and use conventional mortgages.
Post: Did you work through College?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
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I did not work through college. I went to college while working. Big difference.
I was working full-time on the overnight shift at Wal-Mart and living on my own when i decided to go back to school and get my bachelor's degree. I went to community college at first then transferred to a commuter college.
I went to school during the day and worked all night for years until i graduated.
Post: Apartment Complex Composed of Single-family Homes?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
This article caught my eye. This sort of project takes some of the best parts of apartment complexes and single family homes and mashes them together.