All Forum Posts by: Tyler Herman

Sort of an odd question. It could be useful in any state. What are you trying to do: invest, sell real estate, something else?

You sure you can get a loan on that? Sounds like you'll need all cash.

Those are some common ones. Also, St. Louis, is popular with out of state investors. 

A little less mentioned, at least on these forums is MS, LA, AL. These states don't have the large cities with big inventory but you can find smaller to medium sized cities that don't always have the crime problems. 

You need $1000 a month so say 4 doors at $250 a door profit is fairly doable in most of the south and midwest.

If you have 300k that could get you 2-3 duplexes depending in the area or maybe a 4plex and a duplex. In either case you should have the cash to make your 1k a month and then some. 

Pick a city you're familiar with. If you've never been anywhere take a vacation or at keast a weekend trip to drive around. To avoid war zones talk to a realtor who sells to families. He/she will know the better school districts and places to live. That'll help you narrow your search and avoid chasing cashflow in bad areas.

Learn to live way below your means. Start saving 60-75% of your take home pay. Start out with a low down payment 2-4plex where you live in one unit. If you can't afford that you shouldn't be investing. 

Depends on the market. If there are a lot of contract workers in the area they'd prefer month to month or a shorter lease and they're often better renters. 

You need to be more specific. What kind of investing are you interested in? 

Figure that out first and then spend some time here reading up.

I always find this totally crazy. 

People willing to drop tens of thousands of dollars on a bad investment close to home when you can get anywhere in the country for a weekend for $1000 or less.

If cashflow is what you're after... pick any city in the south or Midwest. Throw a dart at a map, it doesn't matter how you decide. Regardless of where you chose it's a better cash flow market than Sacramento or elsewhere in CA. 

Its often determined by the market. Some markets can't support flipping but are good for buy and hold and vice versa. To be able to flip you need a market where you can plug money into repairs to get a big boost in property value but you can't find that everywhere. Just like you can't find good cash flow everywhere. 

A house is a better flip when that after repair cost provides a better return than what you would get from just fixing it and renting it out. 

Lived in Reno a year in a half ago. I don't really remember there being too many bad areas. West Reno is fairly nice. South Reno can get a little windy in places. All around a pretty nice area that I wouldn't mind living in again.