All Forum Posts by: Michael Raymond

Hello Michael! 

One key factor that differentiates a good real estate investment from a bad one is its location. As a first-time investor, you must take the time to check out several sites before settling into one. Although opting for a place close to the metro is convenient, try not to limit yourself to just the options in your area. Branch out to neighboring cities or even go out-of-town to scout for properties that best suit your budget and goals.

Hope this helps you!

 Being from LI I know all too well 200k gets you nothing. If you are looking for rentals with 10% net caps or better with all in pricing of about 100k for SF, and about 45k per unit for MF ,  there are much better markets for cash flow, 

Good luck 

Vultures sliding into your DMs in 3, 2, 1...

Congrats on your success. I'd suggest that you have a reason to invest in a market other than returns. Maybe that is local contacts, a place you used to live, somewhere you vacation and want to purchase a short term rental etc. Good luck!

Congrats and investing is the way to go! Do you know what type of properties you're interested in? 

@Michael Raymond

I'd start by trying to first identify what your investment strategy is going to be.  From there, start to figure out which markets caters best to that strategy, what your entry costs are going to be and what markets you can afford, and narrow it down that way.

Once that's done, I'd then get connected with a local Realtor in that market to identify what areas/neighborhoods would best fit your needs.  If you are looking for partnerships, start perusing the forums page for other investors in that specific market.

Good luck!