All Forum Posts by: Kiera Underwood

@Christian Conti pre corona I helped around 200 clients a year invest from out of state into Oklahoma City! Taxes are low, it's landlord friendly, there are competitive insurance providers, purchase price is super approachable (60-150k) and everything I have ever sold is cash flowing! It's for sure a market I would put on your list. 

@Jacob Billanti you could use a first time home buyers loan and rent the property out while still living there. Just share the space and stay with your family for free most of the time as a perk to the new buyers. Lenders shouldn't care if you're staying at your other free house even most of the time as long as you pay your mortgage and don't try to qualify for another loan for a year. 

@Monique Pett I can for sure send you a quick calculator in excel. Happy to provide you with averages for vacancy, what I use for maintenance, taxes, insurance and can even send you some videos on how to best estimate rent rate here haha! 

@Michael King I'm referring to OKC. I know investing out of state is a huge leap, especially for a first-time investment. I'm happy to overview the market for you/tell you what I've seen and experienced as far as out-of-state investors coming here. Something to put in your toolbox! I'm not sure how transferrable it'll be to other markets, but I'm happy to overview what I know as far as Oklahoma City!

@Jessica Ponder I've helped in around 600 investment purchases in OKC in the last couple of years and I'm happy to share my experience/give guidance for free. Although I love the name of that course, I do think there is some predatory nature with a lot that is out there! Also one of my best friends is on the verge of moving to Spain. I'll have to introduce you! @Lara White I invest and help people invest. I'd love to connect with both of you! 

I travel a lot so a zoom meeting is best for me. I'll reach out to you guys!

I'd say most of the investors I work with are from SoCal or the Bay Area but they're investing out of state. In my market, you're looking at 60-150k properties that are performing at 5-8% cap rates. Low taxes, landlord-friendly. For a newer investor, it's a more approachable step then you're backyard if you're in CA! All of that said I do know a lot of CA based investors is there something they can help you with?

@Michael King Hey there! I'm curious if you're committed to investing in FL or if you have interest in looking in more affordable markets. I say that because the market I'm most familiar with has performing properties for 60-100k, with 20% down you could be in a great place with reserves on a 60k property! 

@Monique Pett I'm curious what market you live in? In OKC you may be able to get away with a lower end buy and hold with just 13k but it would take some hunting. I'm wondering if house hacking may be the best bet for you? 

@Jessica Ponder I am also in OKC! My specialty is investing here so if you ever want to discuss that I'm happy to talk. It sounds like you're most interested in investing in Spain though? I'm curious if you own your house in OKC and could make that a rental, but we could get into those details later! 

@Jacob Ellsworth an out of state brrr is a big first step. Without connections to the vendors and experienced people in my circle I'd be nervous doing a brrr in my own market and I work in real estate. You need to work closely with someone that can guide you in whatever market you land in.