All Forum Posts by: Mike Paolucci

Hello BP,

I am currently an undergrad student with 2.5 semesters left (Finance Major RE Minor) I have read many books and have listened to many podcasts on RE investing so my mind has been set to do this for a while now.

I plan on investing long-distance eventually but am looking to move to an area that has a strong RE market that I can invest in sooner rather than later, and lots to offer for young people. I have done plenty of research and taken multiple "Which city should I move to based off personality" quizzes and get different answers every time. 

I am going to house hack as soon as I can, and want to start in wholesale and eventually move into rental properties.  

Does anyone have any suggestions?

Also, no California or New York or anywhere where the cost of living is on the outrageous side.

Thank you so much.

Hi there,

I am a complete newbie to real estate investing but really want to rip the band aid off this year and get my first property. I currently live in Los Angeles, CA so purchasing a property with good cash flow does not seem possible for me here. I am looking for something that can give me good cash flow as well as decent appreciation. I have been looking at OOS investing in areas such as Indianapolis, Columbus, and Cleveland. I also work remote so have the opportunity to live anywhere so have been thinking of moving to another urban city like Chicago that is more affordable and house hack for my first property, though I am not sure if the cash flow would be very high since I would want to live in the more metropolitan area of Chicago if I choose to do something like that. I have also thought of investing in Arizona since it is not too far from Los Angeles and I would be able to drive there to manage any issues that arise.

I am curious how LA investors chose a strategy for their first investment property. How did you determine the best OOS area to invest in or choose the best strategy. I have around $50k saved up so ideally I am looking to put down only 3-5% which is why I was looking at house hacking or looking at other areas where the housing market is not as expensive as California. 

Any guidance and advice is greatly appreciated, thank you!