All Forum Posts by: Sas Sel

@Sas Sel I believe you meant "pulled the trigger" which means taking action, whereas "pull the plug", would be almost an antonym and opposite of your desire action. 

""Pulling the plug" signifies ending or discontinuing something, while "pulling the trigger" means committing to a course of action, often with a sense of finality or action."

@Rene Hosman thanks for the mention!

@Sas Sel I invest heavily in the SE, especially in FL for the very reasons you mentioned.  I do think there are specific markets that do quite well in FL still, but it's also a good idea to diversify to multiple locations for many reasons.  TX is great, but property taxes are higher making it hard to cash flow.  There are many other great markets to consider in the SE like Columbia, SC, suburbs of Atlanta, GA, Tuscaloosa, AL, Tulsa, OK etc.  I recommend investigating some of those markets based on the criteria you outlined.  As Rene mentioned, our team at Rent To Retirement offers turnkey, new construction properties in all these markets including many in TX and FL as well.  We are happy to assist you however we can, regardless if you invest through our marketplace or on your own!  We have a ton of market data on all these locations that we are happy to share!

Hope this helps!

-Zach

@Sas Sel

You’ve built a solid foundation with your Florida investments, and shifting to another market for diversification is a smart move. Texas does have higher property taxes, but many cities still offer strong rental demand and cash-flowing properties under $300K—especially in San Antonio, Fort Worth, and some parts of Houston. You might also consider Midwest markets like Indianapolis, Kansas City, or Columbus, which have lower taxes, landlord-friendly laws, and solid cash flow potential. If you need help narrowing down the best TX cities or alternative markets, DM me and I’ll point you in the right direction!

Good luck!

@Sas Sel There are a ton of opportunities here in Charlotte. I'm a Realtor but I also own a Property Management company and am an investor in this market. 

The growth here has been steady and our rental market is strong. We're only projected to grow more - and in further areas outside of the city. Personally, we own 4 investment properties in Gastonia about 30 mins West of Charlotte. We manage properties that are as far as an hour and a half from Charlotte - none have issues as far as vacancies or tenant inquiries for long term rentals.

Right now, I really like Shelby, Hickory and Statesville for up and coming, affordable point of entry areas. Steele Creek if you're looking for something that's more expensive but less "risk". 

 Sas,

First, you did a fantastic job of taking action with a plan and reaping the rewards. Congratulations on owning three excellent properties. I would rank your results above average without question.   

My advice would be to stick with exactly what you know.  I speak with many investors who think real estate is a never-ending trajectory of upgrading and iterating into more significant, "better" investments.  BP forums can certainly feed into that perception, and it induces a bit of FOMO.  You didn't mention changing asset classes or anything along those lines, but you mentioned hurricane concerns.  I believe those concerns can be mitigated by avoiding close coastal properties.  Based on what you've shared, I would not change anything.  You know the markets and have experience, including contacts and relationships you trust.

I like the idea of purchasing another condo in the same general areas where you have experience, focusing on staying inland where hurricanes may be less of an issue. There is no learning curve and no new relationships to build. Your hurricane concerns are valid, but the price points you mentioned seem well-positioned for affordability and demand while providing nice revenue.  

Some of the best investors I have had the good fortune of knowing were very steady in product, price, and location, and their idea of diversification was purchasing additional units with less concern about changing cities or products.

You've done a heckuva job already putting together your portfolio, and I'm not sure I would look to go to another area and start over.  The juice may not be worth the squeeze.  Best of luck to you - 

Hi Sas from Toronto-

Congratulations on building your portfolio of three condos in Florida!

You are interested in acquiring your next property but concerned with the hurricanes in Florida.

Your plan is to use real estate investing to step away from your 9 to 5 job. Good plan!

You are looking for an area to invest with honest contractors, honest renters, and low taxes and low HOA fees.

I would look at Ypsilanti, MI, Lansing, MI, and Grand Rapids, MI. We have excellent property manager partners in each of those areas as well.

While not free of weather, we do not have hurricanes in Michigan.

To your success!

Hi Sas,

@Sas Sel,

When I talk with the investors that I work with, who are concerned about the storms and insurance in Florida? We look at markets like North Carolina. I have worked with a number investors who are very impressed with the growth of investments around the Charlotte market.

The Charlotte market has most of the benefits of Florida, but is much more inland. The growth areas about 45 minutes outside. The city are good place to find investment properties that still hit cash flow metrics. As others on bigger pockets have said the Charlotte market is projected to be a growth market for the future.

I personally would not hesitate. I'm looking at other markets in Florida. I have found a number of great looking investments just north of you in the Ocala market.

It sounds like you've done a great job in investing so far best of luck in finding the next great investment.

@Rene Hosman thanks for the mention!

@Sas Sel I invest heavily in the SE, especially in FL for the very reasons you mentioned.  I do think there are specific markets that do quite well in FL still, but it's also a good idea to diversify to multiple locations for many reasons.  TX is great, but property taxes are higher making it hard to cash flow.  There are many other great markets to consider in the SE like Columbia, SC, suburbs of Atlanta, GA, Tuscaloosa, AL, Tulsa, OK etc.  I recommend investigating some of those markets based on the criteria you outlined.  As Rene mentioned, our team at Rent To Retirement offers turnkey, new construction properties in all these markets including many in TX and FL as well.  We are happy to assist you however we can, regardless if you invest through our marketplace or on your own!  We have a ton of market data on all these locations that we are happy to share!

Hope this helps!

-Zach