All Forum Posts by: Kiera Underwood

@Grace Pierce it may be helpful to look at some provider's reviews in the market you're eyeing and connect with people that have worked with them! I've not worked in Cleveland but I have worked with a lot of out-of-state investors. If you have any questions feel free to ask here!

@Curtis Lipsey I can't speak to investing from out of state to Louisville, but I can speak to investing out of state to Oklahoma City. I've overseen almost 500 transactions with out-of-state investors coming into this market. I help in a way where investors can follow my lead and a lot of the heavy lifting is done for them, but if you're working with a typical real estate agent I'd become proficient in what to factor as far as maintenance, vacancy, taxes and insurance. That way on every property you can plug those things into your calculator quickly, just add purchase price and likely rent rate to get a quick answer as far as return. Is Louisville a long-term buy-and-hold cash-flowing market or more of an appreciation play?

@Hannah Paitchel I've overseen ~450 investment deals over the last couple years in OKC and am happy to overview what it looks like here. If you'd like to jump on a call feel free to connect or I'm happy to type out some highlights! Big picture: low price points, steady low appreciation, easy to cash flow, low taxes, landlord-friendly. Good luck!! 

@Sheetal Patel I've worked with hundreds of new investors and am happy to walk you through what it looks like in my market. I'm hoping that you can develop an understanding of different questions to ask and what things to compare in different markets. My market is different from yours in that it has lower price points and it's more focused on cash flowing today and long term appreciation rather than big exciting jumps in appreciation. We can discuss it all if we talk. Just let me know if you'd like to chat. Exciting that you're working on getting started! 

@Leela Gutta I'd be curious to see what you think of Oklahoma City. Price point is super approachable. You can buy from 60-100k. These are properties that are already performing in C class areas. Taxes are about 1% of the purchase price annually. It's very landlord-friendly.

@Auryana Faramarzi you may consider OKC. It's got very approachable price points, positive appreciation (yet low and slow), a super stable market (called recession proof in the last downturn), landlord friendly and it's easy to cash flow! 

@Darin A. Scavella Jr just drastically different markets and properties! My comparison was a fully remodeled row of townhouses for only 850k. It's in OKC in a developing area where appreciation is low and slow, but steady. I'm surprised it's still available! What's appreciation like in the Bahamas? 

Exciting that you're developing the syndication! I'm connected with quite a few investors. If anyone mentions syndication on bigger multi I'll send them your way! 

@Kesean Diamond Curious what's making you stick to SoCal? 

@Moshe Jungreis Value add is tough right now because material costs are unpredictable. Even if you've got a great contractor you'll likely have trouble sticking to a budget. There are hot/in-demand areas within that area code, but buying a property at a low enough cost to have room for immediate return is going to be tough. 

@Albert Smolinski There's risk reward ratio here. A new property opens you up to new/additional risk but another tenant paying down an additional mortgage for you will likely have more reward. Consider taking on a low risk property to mitigate?