All Forum Posts by: Sharon Tzib

Oh my bad @Lynn Dee Murrow - now I see that :)

My very first rental was in Calif (grew up there), but I had bought low and it was my primary residence, which I turned into a rental, so it did cash flow (barely). But for reasons given above, I would never consider investing there again.

I don't subscribe to the only buy in your own backyard mentality, however. I have owned out of state (and now out of country) rentals for years. They have been quite lucrative and great investments for me. As long as an investor knows how to qualify a market, buy right so a property cash flows with property management built in, and assemble a team, in many cases, out of state investing makes more sense (especially if you live in Calif).

Even though Texas has areas that are at an all time high, that is relative, since the properties still cash flow very nicely. But so do areas in Indiana, Atlanta, etc. Not saying Texas is the end all be all, just thought it was amusing Texas was mentioned, if the poster was trying to push for Ohio. Guess my sense of humor doesn't always translate in a forum lol!

@Lynn Dee Murrow he's not saying he's moving to Calif, but rather he wants to invest there while living in Ohio.

This is "Josh's" first post. Seems rather fishy to me - maybe an Ohio turnkey company plant, hoping forum members would say "stay in your own backyard and invest there, Ohio is great." Instead, everyone's recommending Texas lol! (and rightfully so).

If you are real, Josh, you need to spend some time doing more education on metrics real estate investors look at when choosing an investment area, because Calif fails on just about every one of them. Good luck!

Well without knowing what your goals are and your overall financial picture, I couldn't answer per se for you. But I can tell you that I invest for cash flow, with an eye towards retiring and living off said proceeds.

I've always been a big fan of leverage. It can help accelerate your ability to create cash flow. As long as your existing 4 plex will still cash flow after you refi, I don't personally see a problem with it.

Hi Lawrence! Well I'll be relocating to Houston in the next few months in the Cypress/Harris County area. Been a buy & hold SFH investor since 2000, but looking forward to transitioning into multis. Good luck and let us know if we can be of help here.

Incredible case study, David. So appreciate your transparency and the wealth of information you shared here.

Can you institute a RUBS program there perhaps, especially as you transition leases? I think it's great you don't have to pay for the manager's apartment either, since I think your PM is charging you a premium due to the apparent lack of options for management in this unit size.

Two things that really stuck out to me, though, were how you didn't let the commercial broker intimidate you. I'm always amused when brokers use laughter as a negotiating tool - not very effective. And playing the banks against each other - I think a lot of us newbies with no multi experience think we have to take what we're given, and you proved with a little tenacity, that's not true.

Again, great job!

Hi Kim! Welcome to BP and REI! I'll be relocating to Houston soon. Look forward to seeing if you can break through the REO gatekeepers :)

Hi Bryan! Are you looking for investor clients or will you be investing yourself? Maybe you already have some real estate investments?

I'll be moving there soon. Nice to meet you!

Welcome, Sean! I'll be relocating to Houston soon. Good luck!

Hi Christopher - welcome to BP! I'll be moving to Houston soon myself. There's several active SFR Houston investors here, so I'm sure they'll have some great advice for you. Good luck!

Hi Jordan! Welcome to BP. I'll be relocating to Houston soon. Good luck on your new venture!