All Forum Posts by: Arlene Dayoan

@Ariel Rahmanov Yes, Richmond, VA is exactly where I invest.

@Ariel Rahmanov The best thing to look for is cash flow in a state that favors the landlord and not the tenant. For states with good cash flow and at low price points, I know there are great deals in OH, TN and AL. I personally have properties in FL because it's a landlord state and in VA. I wish you the best in purchasing your first rental real estate property.

@Cameron Pronk If you're starting out in real estate, if you haven't already purchased your primary residence, I would recommend buying in your market a duplex (unless it's a place like CA where real estate might be too expensive) and house hack. Let your tenants help you pay down your mortgage and build equity.

If you do live in an expensive state and plan to buy out of state I would recommend TX, but get a team in place first. I have invested there before because there are a lot of great deals. 

I also heard OH is great to invest in since the real estate prices are relatively low and the jobs stable. AL and TN are also good states to invest in. 

Just make sure the numbers make sense in any deal you do.

@Chance Covan

Welcome to Bigger Pockets! So you definitely have some options. 

If you currently don't own your primary residence there are plenty of first-time home buyer options that banks are offering. I would recommend buying your first home, either single family or a duplex and house hacking so you can collect rental income and have renters help you pay down your mortgage. Or you can purchase a home in your own market, rehab it and sell it later.

You can also invest out of state in a cheaper market and buy and hold. 

It just depends on your comfort level. Good luck on your real estate investing journey!

Mohammad,

Sounds like you're on the right track to real estate investing. I personally like investing in 2-4 unit properties because you have options with the property such as the house hacking or just straight up buy and hold. I think updating the unit is a solid plan so you can cash flow and add value to the property. Good luck on your real estate endeavors!