All Forum Posts by: Alex Pepe

Hey Alex! 

Very relatable struggle I had on my first property purchase. There's so many variables to consider & it feels like you need to make an optimized decision. What I'll say is, any market that you want to enter is do-able; there's deals in every market. The key is to understand what price point makes sense in what market (chatting w/ agents in different markets can help a lot with that). 

For me, the most important thing was getting started & just acquiring the first property. Even if I didn't maximize cash flow on it (fortunately we surpassed expectations), it was better to get started than continue waiting on the sidelines. If you have any questions about specific #s or areas, feel free to shoot me a message!

@Alex Pepe it looks like you're focused on the right thing. Have you clearly defined your objectives and criteria. If you have, I would think that your list would be shorter. The first thing to look at is states that have low to moderate property taxes and insurance rates and have favorable landlord/tenant laws. That's going to narrow things down a lot. Next, do exactly what you're doing. Identify markets with population growth, job growth, strong incomes and modern/diverse economies. This will really narrow down your choices. I like Kansas City for the combination of strong economic and demographic trends with good cash flow and Cleveland and the Quad Cities for affordability and cash flow. We're active in all of those markets. Feel free to connect if you'd like more insight on any of these markets. 

@Alex Pepe hey man, congrats on getting started! Bham is definitely a street by street type of city so just make sure you’re analyzing properties carefully. We buy about 3 properties a month in and around Huntsville right now that we source off-market through our direct to seller marketing. We could definitely help you down in Bham if you were interested. Let me know if I can help you out in any way!

@Alex Pepe

Here are a few tips.

1. Get Referrals from Other Investors
2. Attend Industry Events
3. Join Online Forums
4. Use The Online Facilities
5. Get Involved In Your Local REIA (Real Estate Investors Association)
6. Use Social Media
7. Contact Investment Firms

There are several different ways to connect with potential real estate investors. By taking advantage of these different strategies, you’ll be well on your way to success in the real estate industry. Remember to be patient, stay focused, and never give up on your goals. With a little hard work and perseverance, you will eventually succeed in finding the right investors for your business.

Good Luck!

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Hey BP Gang, 

I need some help. I've chosen Bham as my primary market for the beginning of my OoS REI journey. I've visited the area, and do know a life long realtor there as well. I'd love to connect with any investors, brokers, lenders, and contractors. As far as where I'm at in the process - I'd say 7-10 months out from my first close. I just finished my first 15hr course, and have a few more books/courses lined up to help me get up to speed. You don't know what you don't know, so this is an open forum!

I appreciate any help!

Welcome to BP @Alex Pepe! If you need any help feel free to message me, I’d love to help. I also am pretty new to the investing game but have been educating myself as much as I can. I am a full time software developer and invest in Houston. Please stay in touch!

 Thanks Kenneth, I'm just a couple hours up the road in ATX!  What markets are you looking at?

Hey Alex that’s awesome. If I’m ever up towards your area we should get a coffee or a beer! I’m currently looking in Houston and surrounding areas. Hope to move upwards towards Austin and it’s surrounding areas in the future though!

Quote from @Alex Pepe:

Hey BP Gang, 

I need some help. I've chosen Bham as my primary market for the beginning of my OoS REI journey. I've visited the area, and do know a life long realtor there as well. I'd love to connect with any investors, brokers, lenders, and contractors. As far as where I'm at in the process - I'd say 7-10 months out from my first close. I just finished my first 15hr course, and have a few more books/courses lined up to help me get up to speed. You don't know what you don't know, so this is an open forum!

I appreciate any help!

Welcome to BP @Alex Pepe! If you need any help feel free to message me, I’d love to help. I also am pretty new to the investing game but have been educating myself as much as I can. I am a full time software developer and invest in Houston. Please stay in touch!