All Forum Posts by: Taz Zettergren

@Gabe Morrell welcome to the forums Gabe. Where interest rates are today I wouldn't use that HELOC unless you're purchasing distressed properties and are able to pull most all your money back out of the deal after the rehab is finished. In regards to timing, definitely be patient and ensure the location is exactly where you want to be. The sooner the better in my opinion though, there are tons of investors waiting on rates to drop before they get into the marketplace so when they do that's going to bring so much demand back into the marketplace it'll cause prices to increase at a much faster pace again.

You can take advantage of the market that isn't as favorable right now and negotiate a great deal and still refinance in the next few years to help improve your position. That first step is always the toughest but like I say take your time, solidify your strategy and where you're looking to invest before jumping all the way in. 

@Pradeep R. both are great markets but I prefer the Memphis because it's a more robust economy and there's a higher probability for appreciation.

@Alex Johnson you're looking at the right things. I work with hundreds of investors who prefer the middle part of the country and south of the mason dixon line. Places like Memphis, Little Rock, TX, Oklahoma or even Alabama. 

Would be happy to discuss the pros and cons of each. Feel free to reach out if I can be of any assistance. Best of luck! 

@Bailey Cocuzzi are you looking to actively work on the real estate deal you purchase or would you prefer to passively invest for the rental income? 

@Shefali Golvelker Congrats on the sale of your place. I work with hundreds of investors who prefer out of state and invest passively here in the southern/middle part of the country. The price points are much more favorable as well as the landlord laws. Some providers are even offering 5.75% rates at not cost to you. 

Feel free to reach out with any questions, would be happy to assist. Best of luck! 

@Munjal Adhvaryu welcome to the forums Munjal! I work with hundreds of out of state clients and a few dozen that are out of the country that include a few in Canada. Most of our clients prefer the middle/southern part of the country because the price points are much easier and the laws are landlord friendly. 

Feel free to reach out if you have any questions, I'd be happy to assist. Best of luck investing! 

@Yushengji Zhou welcome to the forums! Unfortunately what you're looking is no longer attainable in todays market unless you find an extremely rare deal. If you're wanting to see 2-300 in cash flow in TX you'll need to put 40-50% down. You're looking in the right place because TX is going to appreciate much quicker over time but the cash flow won't be as much since the taxes are higher. If you keep going east places like Little Rock or Memphis will cash flow with less down but these markets won't appreciate as quickly as TX. 

If you were to self manage that would increase your cash flow but that's another level of time and risk involved and if you're doing it out of state I certainly wouldn't advise it. 

Long-term rental just means a rental that will have at least a 1 yr lease with a resident. There are other investments like air-bnbs where owners rent by the night similar to a hotel and those are referred to as short term rentals. 

@Birkan Karabag you should check out the BP podcast, it's a great reference. There are plenty of tools to looking at properties and those can be found through google whether it be zillow, realtor, redfin etc. I would advise narrowing down a market and contacting an investor friendly agent in that market who already has a system and team in place. A lot of the fixer uppers don't make it onto the open market so that agent will likely have connections to off market opportunities as well. 

What kind of price points are you looking to target? Do you want markets that cash flow better or that appreciate quicker over time? 

@Darrell Overly welcome to the forums! You're on the right track, I started out with house hacking and grown the rental portfolio since. The only thing I'd change about my journey is targeting a multi family first, anything less than 4 units will still qualify for fha financing. So you could live in one unit and rent the others out. Once you get that setup if you want to continue being active I'd buy a new primary every 1-2 years and move around while making your old places into rentals. Of course you can buy rentals along the way but this will help your money go further if you aren't liquid right away. 

There's still plenty of time to build generational wealth through real estate, that's the beauty of it. There's always demand and there's so many different ways to invest. Best of luck on the journey, let us know how it goes! 

@Nikesh Patel welcome to the forums. What a great position to be in with that safety net of your spouse. If it's feasible I always recommend to start investing locally and sourcing the deals, contractors and if interested manage yourself. In order to find deals it starts with the network so local REA meet ups, wholesalers and investor friendly agents. Ideally buying properties with cash, or hard money if the price point is higher than what you have available. At that point you could either flip or hold the units as rentals depending on your goals. 

Not everyone can do this full time because they don't have the time nor want to spend the effort doing all the work. If you're wanting to do it full time it would be a great option or if you wanted to do it passively there are several turnkey providers in the southern/middle part of the country where the price points are easier and the laws are more landlord friendly. 

The options area limitless you can spin this anyway you'd like but again if feasible I'd always advise doing a deal locally to you before quitting your job because it is a lot of work at the end of the day that will take a lot of resolve so it might not want to be something you do yourself. Best of luck on the journey!