All Forum Posts by: Antoine Martel

Monte. What I would recommend you do if you're investing locally is to drive around your neighborhood where you want to invest. Find some homes that look a little bit distressed. Write down their addresses. Then go home and start writing letters to each and everyone of them tell them you're an investor you have cash and you walked by their property and you think that it would be a good fit for your investment criteria. And I would do that over and over again. Of course it depends on your market and how tight your market is. I started investing in San Francisco and if I did that in San Francisco it would never work out because people can lose their homes Menocal way over asking other particulars price so it really depends on your market but if you think you're in a market that would handle that I would do it

i'd like to know the answer to this question as well

Baze this is a great question and this is something that I had to figure out on my own when I started real estate investing out of state like yourself. We should definitely connect sometime and see where we both invest maybe we can do something together. To answer your question some questions I like are how many properties do you manage what's the average turnover rate what is the cost of their property management how many property managers do they actually have. A good ratio is 50 properties to one property manager. I personally don't like companies that have thousands of properties under management because it begins to get pretty hands off

I would suggest a refinancing and then I would suggest using the cash to buy rental properties out of state

Chris. this is a great question especially if you're investing out of state like I do full-time. I am also in Los Angeles and close to Santa Monica so we should definitely meet up. Connect with me and we can chat sometime this week. But to answer your question when looking for new markets to invest in Forbes.com is a great place citydata.com is a great place and then from the census you want to get information like population growth, major employers, workforce growth and then also news about the city that you want to invest in to figure out if it's on the up.

by program do you mean you're looking for turnkey rental property companies? Have you thought about looking out of state?

Looks good to me. Cash on cash could be higher than that though. Investors I work with have 20%+

There's a ton of them online. Search for yellow letter direct mail.

Even though you may have a great opportunity on your hands. Without the right experience this could be a very bad deal to get involved in. I'd recommend reaching out to another investor who has ground up knowledge, bring them into the deal, share the profits and learn as much as you can

Awesome. Welcome to BP. Did you wholesale before joining BP?