All Forum Posts by: Matthew Wolach

Hi Matthew, welcome to BiggerPockets! This is surely the best place to start networking and learning. I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. Start listening to the BiggerPockets podcast starting at the very beginning and start growing your network, look on Facebook/BiggerPockets for different events, find a mentor doing what you want to do, and get to know the local lenders/brokers. All the best to your real estate journey!

@Matthew Wolach check out the local Meetup groups in your area.

Good Investing...

As an active duty service member I invest out of state in solid growth markets. I use private money for the purchase price and rehab. I then refi out with conventional financing, also called the BRRRR method. I use strict underwriting and have a solid team that can complete the walkthrough, rehab and PM to place tenants.

 Brother Matthew - I just posted some leads for you below.  Good luck man.

My wife and I are looking to get started as real estate investors. We live in California and it’s to expensive here to cash flow.

What's are some of the BEST CITIES in the USA to purchase SFR or Condo rental units that can still CASH FLOW?

At the moment we are considering Huntsville Al and Al Paseo, TX

But what other places should we be considering?

Thanks!

Yes I capture the fact that during Q3-Q4 2022, condo appreciation ranges between -10 to +5%.
While Single Family appreciation is between -5 to -35%.  The more luxury it is, the worse is the appreciation. But that didn't happen in condo market.

So I have appreciated asset like a condo, where I can re-invest into an under-appreciated asset like Single Family. 
This is one of the weirdest time in real estate market where the gap between high-end condo and low-end SF is only $100k. 

There's also another phenomenan and this is more like in "general" observation, especially in CRE, the spread between bank lending and commercial lending is the highest now compare to 2008 era ! this is because the perceived higher risk of CRE investments. This give a very high reward/risk investment to invest in debt secutization like asset-backed MBS. When spread is normalized, the IRR is north of 20%. I almost see this as very riskless strategy to make money lol

Hello everyone! My name is Chase and am a 25yo actively looking for ways to get started in the real estate investing world after educating myself over the last 2 years and currently working in the field of home inspections as well as holding a CA real estate license. I currently live in southern California and as most are aware of, the cost of homes in this market are quite expensive and tend to be more difficult to find deals that result in a quality ROI. I am open to investing out of state, but I feel like I need to connect with others and educate myself on a deeper level of strategies or ways to dive in. Does anyone know of a networking group in Los Angeles/Orange county that you would recommend to take part in that places emphasis on out of state investing? Thank you in advance for any help or suggestions!