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Updated almost 4 years ago on . Most recent reply

User Stats

11
Posts
7
Votes
Swetha Ramaiah
  • New to Real Estate
  • Mountain View, CA
7
Votes |
11
Posts

Rookie investor looking for Out of state investing and Mentorship

Swetha Ramaiah
  • New to Real Estate
  • Mountain View, CA
Posted

Hi all, I reside in Bay Area, CA with a full time job in tech and been 2 months since I started reading and breathing BP podcasts/books on real estate. I did some research on out of state markets and some practice deal analysis based on what I see on Zillow and have narrowed down to 5-6 cities (is this still too broad. Before analysis paralysis sets in, I reached out to a few agents today in one of the cities - Oklahoma city(also just coz I went to school there), to get more info about the local market. 

Now I feel like Im hitting a wall in terms of what direction to go in..

Should I get a mentor from a local real estate club (in Bay area) or should I look for a mentor in OKC real estate club? How does that work? 

My analysis process has been: Listening to BP podcasts and reading blogs, i concluded that Price-Rent ratio is important, and so I analyzed different markets based on Zillow data (ZORI and ZHV). Thats how I narrowed down to these 5 cities. I need to further look at Population growth, Employment opportunities etc..Is this the right way?

Most Popular Reply

Account Closed
  • Lender
  • Milpitas, CA
248
Votes |
376
Posts
Account Closed
  • Lender
  • Milpitas, CA
Replied

Thanks for tagging me @Arlen Chou! Hi @Swetha Ramaiah, we're also real estate investors based in the Bay Area who invest out of state. I'd suggest attending free networking groups, especially those in the target market that you're looking into since most events are virtual anyway. Build a network of agents and wholesalers so that you can start getting deal flow and analyze deals. Feel free to reach out if you have any questions!

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