All Forum Posts by: Todd Anderson

@Matt Settle,

 When I talk to investors looking to start today, primarily OOS investors, I recommend something totally different.

I have lately found that Build to Rent for out of state investing has many more advantages for the investor. First off, you get to start with a property that is new, has a warranty, and should require much less maintenance. There is also a situation now that new construction,on average, is now on average less than existing homes. Most importantly new construction can offer incentives that can solve for the problems investors are having in today's market. The builders that I have worked with are offering free property management and rate buydowns as low as 3.75%. With this type of incentive you can find cash flow.

These are properties that we find also get rented faster and for longer, because they are new. When you can find properties like this in markets that are growing in both population and employment, then you have the opportunity to get in the way of appreciation.

I would suggest to any new investor that i talk with to look into Build to Rent. It may be something that works for you.

Let me know if i can answer more specific questions.

Best of luck.

@Christopher Rubio,

I started over 30 years ago with value adds and Class c properties.  They take a lot of time and skills to manage.  When I talk to investors looking to start today, primarily OOS investors, I recommend something totally different.

I have lately found that Build to Rent for out of state investing has many more advantages for the investor.  First off,  you get to start with a property that is new, has a warranty, and should require much less maintenance.  There is also a situation now that new construction,on average,  is now on average less than existing homes.  Most importantly new construction can offer incentives that can solve for the problems investors are having in today's market.  The builders that I have worked with are offering free property management and rate buydowns as low as 3.75%. With this type of incentive you can find cash flow. 

These are properties that we find also get rented faster and for longer, because they are new. When you can find properties like this in markets that are growing in both population and employment, then you have the opportunity to get in the way of appreciation. 

I would suggest to any new investor that i talk with to look into Build to Rent.  It may be something that works for you.

Let me know if i can answer more specific questions.

Best of luck.

@Alec Strahl,

In your situation I would always recommend to the investors that I work with to look into househacking.  With this you would be able to reach both your short term goals.  In a year or two when you are ready you can move forward to the next deal, weather that be an other investment property, another house hack or a primary residence.

  I have worked with a number of investors that have found an good new construction duplexes or even quads, just outside of major areas like Tampa.  Wit the idea of new construction you would be able to satisfy your next goal.  Something new in a growing area that you will own for the best years of the properties life.  

With a house hack on a new construction conventional loan you could get into the property for 5% down.  You would be able to control a much better property for the money.  I have a number of examples of this type of properties within you price range.   There are also a number of properties that are completed and ready to go. 

I would strongly advise you to look into existing new construction.    Right now the prices are on average better that existing and the builders are offering outstanding incentives.

Let me know if i can answer any more specific questions.

Best of luck

@Jerry Shank,

Welcome to the BP community.

Having your sights set on REI at anytime I believe is a food plan to build wealth. With a kick starter of an investment like you have you have a step up on most. But you still need to be careful and make sure you are doing things right and the way that fits your investing goals.

I recently worked with someone in your same position.  She needed to deploy 600K in an SDIRA.  we were able to find her the right investment that would grow without much hand holding, and she was able to find good cash flow right away.

When I talk to other investors i always mention that with the prices of new construction being on average lower than existing homes for the first time in many years, now is a good time to look to New construction investments.  this also offers a few other advantages.  Lower maintenance costs and builders are able to offer better incentives that solve for some of the problems in this market. 

You are in a great position. Do your research.   Let me know if I can answer any specific questions.

Best of luck

@Denzel Dones,

Welcome to the BP community.  

With what you have mentioned with jobs and reserves. I suspect that you are not looking for an other part time job. I'm sure you are looking into REI to grow your wealth. Your background will offer you good insight into the property but may of the investors that I talk with are not interested in the headache of a renovation.

When I talk with investors in our position we talk about investing in New Construction.  For the first time in may years on average new construction has become cheaper than existing.  Many builders are also able to offer incentives that are not available on the secondary market. 

the Charlotte market is a fantastic place to invest.  It is a market that is growing in both population and well paying employment.   

Let me know if i can answer any more specific questions.

Best of luck on your REI journey.

@Benjamin Dolly,

Welcome to the BP community.  You will be able gain knowledge hear and get a number of different answers to each question.

I have worked with a number of investors in your position this year alone, this being your first investment and the apprehension to getting started. Although the market is changing, it is always changing. Things that worked 5 years ago seldum work as well now. The one thing that REI has taught me is that investment styles need to keep changing. This is for a number of reasons not just the market.

In today's market many investors are finding that new homes are, for the first time in many years, selling for less than existing homes.   The investors that I am talking with right now are looking to maximise on incentives that builders are offering on New Construction.  There are many ways to structures these deals and many have rates that can't be touched on the existing market.  

As far as markets go, we now live in a world that makes finding a great investment market is easier than ever.  I have worked with investors form all areas in the world, that with today's technology can research a markets, meet with builders, lenders, Property Managers, and Inspectors inspectors, without leaving their office.  I have been able to supply quality boots on the ground to help in this process.  

For an investor with a high W2 job there is so many ways that REI can be a major benefit to growing generational wealth. The best time to invest was yesterday.

Let me know if I can answer any specific questions for you.

Best of luck

@Anthony Silva

Welcome to the BP comunity.  I thought I would reach out to you because I did the same thing 2 years ago today.   

I moves from Stillwater Minnesota and have no regrets. I found a way to continue my journey in REI soon after I arrived. I would be happe to connect and you you know about my experience and may have some good help for you.

Please feel free to reach out anytime and we can have a chat that you my find useful.

I believe this is yet another reason to invest in SFR. Eventually when people get tired of sharing a wall they look to SFR's. With home ownership feeling more out of reach and harder to attain we will get more and more families looking to rent a nice home.

There are places in the country where the majority of the building is single family, It might be a good place to look to invest.

@Amir Melzer,

Welcome to the BP community.  You should find a lot of help here.

Good for you for your thinking on getting into REI through House Hacking. This is a great way to start and I would recommend this to most first time investors. Kit this done early and it will grow with you.

Best of Luck to you.

@Brannon Potts,

Welcome to the BP community.  Your experience will have a good impact on the forum.

Congratulation for getting that all done in 5 years.  I'm sure the experience you gained in that has immeasurable value.  

I agree that the B2R space is a growing and profitable strategy for many investors right now.  

Best of luck on the upcoming projects.