Looking to invest in markets with 1% cashflow in B-/C+/C areas. Want to build a team!

[Abe Rouz]

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

[Darius Parsia]

Hi Abe, what markets are you looking to invest in? You will get more responses once you define markets you're willing to work with. Since you're in California and may be considering out of state, I recommend Arizona, Nevada, Utah and Colorado. 

Once you decide on some markets, try to find forums and FB groups focused on those markets and post there. 

[Tim Ryan]

Hi Abe,

Where in Cali are you? I'm in LA and I buy out-of-state. Let's discuss more as I can point you towards good markets and give some advice.

[Travis Biziorek]

Hey Abe, this is exactly what I do in Detroit (although I also live in California).

It's a complex market there but extremely rewarding once you figure it out or find a team that already has.

[Michael Smythe]

@Abe Rouz

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse

Our analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.

So, why would you invest remotely anywhere else?

How can we assist you further?

[Jo-Ann Lapin]

Quote from @Abe Rouz:

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

Hi Abe ,
welcome  to BP and happy to network and try a and assist .
Thank you ,
Jo-Ann lapin 

[Peter Dorinsky]

Quote from @Abe Rouz:

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

 Hey Abe, I'd strongly recommend checking out the Cleveland Ohio market, the prices are low and the rents are high. If you're looking to meet or exceed the 1% It'd be a good market to look into. I'd be happy to talk more and connect you with people if you're looking to build a team. Best of luck!

[Abe Rouz]

Quote from @Darius Parsia:

Hi Abe, what markets are you looking to invest in? You will get more responses once you define markets you're willing to work with. Since you're in California and may be considering out of state, I recommend Arizona, Nevada, Utah and Colorado. 

Once you decide on some markets, try to find forums and FB groups focused on those markets and post there. 

 Hi thats where im looking for direction and insight! Do you currently help clients in any market? would love to chat if so

[Alfath Ahmed]

Quote from @Abe Rouz:

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

 Hey Abe, I'm glad you are gathering your Core-4. That is the way to build wealth in real estate. That is how I got my start, through a great team! I recommend looking into the Columbus market. It is the "Seattle of the Midwest". Tons of tech activity and outside investor's pouring money into the region. 

Let me know if you want to hop on a call to learn more about the market. 

[Account Closed]

So.. you know the 1% rule, which once upon a time was the 2% rule, never guaranteed cashflow right?

1% now, is aiming for breakeven, and doesn't guarantee that either. 

[Remington Lyman]

Quote from @Abe Rouz:

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager.
https://www.biggerpockets.com/blog/core-four-real-estate-tea...

I invest locally in Columbus, Ohio

[Bob Stevens]

Quote from @Abe Rouz:

Im looking to start building out a team of a real estate agent, property manager, lender, contractor/handyman to start buying 2 to 4 families in markets that meet or exceed 1%. Open to cosmetic rehab and even BRRRing. Would love to connect with like minded people to create longevity. 

Thank you!

 I know dozens of investors from around the world that have been getting 1% or better in the Cleveland markets. I live on the beach in Fl and get about 20% net caps, 100% hands off, based on cash purchases, 

All the best 

[Melissa Nash]

You can hit close to 1% in C class areas and not do any of the work you are mentioning. I buy in areas like Birmingham, Ohio, Little Rock and can hit pretty close to 1% in nicer B class areas and all the work has been done already. I also completed 2 in Memphis where I bought them unrenovated with a HM lender, contractor & PM in place that did it all. I would highly recommend starting with a more "done-for-you package" in place for your first couple properties in another state, unless you want to create a 2nd job for yourself and risk not being local. Then once you have this market and team in place you can try going on your own. I've been in this business for over a decade and I have gotten taken advantage of doing this in another state and I know what I am doing. Its really hard- but that doesn't mean you should give up and not invest, it just means that you might need to start with less risk and buy done-for-you where its already done and ready to go. happy to help! best of luck 

[Peter Stewart]

That is doable in Indianapolis! I talk more about investing in Indy here: 

(www.) youtu.be/ZMxjA-lWUnw?si=zK_Sj6N4TOFF9HQy