All Forum Posts by: Paul Rumolo
Paul Rumolo has started 7 posts and replied 34 times.
Post: Real Estate Investment Groups/ Meetups
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Hey there all would love to connect and network with local investors. I have been investing OOS for a little over a year now.
Open to discussing, networking, and helping others out.
Count me in please
Post: Age, how many rentals, and type of rentals?
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Hey there 38, starting investing OOS about a year and a half ago. I own about 30 or so doors myself and another 20 doors with partners. Still grinding everyday. My day job allows me to manage it from home and still hustle in the real estate game.
Very thankful and blessed. Shout out to the bigger pockets community wouldnt have been possible without it.
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Thanks Crystal I'll take a look. Appreciate the info and reachout
Originally posted by @Crystal Smith:
@Paul Rumolo although we're half way through the year, here's a great article on the up & coming markets for investors in 2019.
50 up-and-coming cities attracting residents & investors in 2019The top midwest citiy included in the article is Columbus Ohio.
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Originally posted by @Gerik Moeller:
Check out Lincoln, NE. There has been and there will continue to be tremendous growth in the area. Feel free to reach out. There is quite a bit of competition but id be more than happy to help you see some deals.
Hey there Gerik thanks for reaching out. Definitely interested in other markets and diversifying a bit. More than happy to get more info on lincoln, NE and what it has to offer
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Originally posted by @Account Closed:
@Paul Rumolo KCMO is too blown up for you to get optimal cash flow out of now.
I like the south for laws and prices, but rents are low out there in most markets. Where rents aren't low, purchase prices exceed midwestern purchase prices. I see higher cap rates overall in the midwest, rather consistently.
Go for secondary and tertiary markets, that's where I'm investing right now.
Also, you're from Lincoln huh? We're not too far apart!
Hey there bud thanks for reaching out. Yes I'm in lincoln and have been the last 10 years. So where are you invested?
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Originally posted by @Justin R.:
@Paul Rumolo I don't invest in KC, but from the larger commercial deals I've analysed, the cap rates are lower than other Midwest markets. I don't know if that continues on to SFDs. I like the South personally. Similar returns as Midwest but typically lower property taxes, and landlord friendly laws.
Hi Justin thanks for reaching out. What southern states are you involved in. GA, AL, MS??
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Originally posted by @Jake S.:
@Paul Rumolo Yeah I would have to agree there, but the city is booming and is a pretty nice area!
by MFH are you referring to 2-4 units? or larger?
Correct pretty much everything I own to date is in between 1-4 units. So I'd like to keep it there and eventually scale up to bigger buildings in the near future or when they present themselves.
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Originally posted by @Jake S.:
Hey @Paul Rumolo Check out Kansas City
I have heard alot of good things about Kansas city as well. I have also heard it's more SFH than MFH. Is that true?
Post: Out of State Multifamily Markets
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Hello to all, wanted to reachout to see what midwest markets are recommended to invest in. I currently own several MFH's in both Memphis and Indianapolis. Both have treated me well. Looking to extend in other markets. Any input and or feedback is much appreciated. Thanks
Post: Indianapolis, In Contacts Needed
- Rental Property Investor
- Lincoln, CA
- Posts 35
- Votes 12
Thanks Arie much appreciated. Any thoughts or feedback on the indy market. Have heard alot of good things.