All Forum Posts by: Ali Mirabzadeh

Hi BP,
I'm a first time investor from the Bay Area, California. 
For the past two years, I have been going back and forth on investing in OOS , Kansas City, due to increase in mortgage rates. So I looked at some local markets like Sacramento where I'm from and familiar with the neighborhoods but the cashflow would be so negative that I'd be paying out of pocket every month.

Now I'm more inclined to buy a single family in KC as it seems the rates won't drop anytime soon so would like to get in the investment game sooner than later and hope for a rate drop in few years to refinance.
I have been looking on Zillow, and recently connected to an agent to run numbers and seems I could make about $100-$300 after mortgage payment and insurance. This money would pay the PM and "saves" a bit for the future expenses. Given this cashflow, probably I would be paying out of pocket for vacancy, CapEx, etc for the first few years until it's a good time to refinance. Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.

Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.
I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.

If you are an OOS investor who has invested recently or is planning on investing within a year, I'd like to connect and hear your insights.

Hi BP,

I live in SF and been looking into purchasing an OOS investment property - multifamily.

However, recently, due to some personal reasons, started looking into purchase a SFH in Sacramento Area. I have lived there so know the neighborhoods pretty well.

I'm thinking to purchase a 3 to 4 bedroom with at least 3 bathrooms and planning to have my parents stay in one of the rooms. 

My question is, in Sac market, (i.e Elk Grove, Roseville) would it be easy to rent per room or most of the people rent the entire house? 

My goal is to rent each room to someone and have my parents in my room to cover expenses

Would like to get your insight if you have experience in Sac market, esp renting per room

Hello BP Community,

I'm Ali from California. I'm planning on purchasing my first duplex in KC in early 2023. I have started planning/researching on how I can get tax benefits and/or save more money once I purchase my first property and start getting rental income and buy more properties down the road in a couple years.

I have been reading online and BP posts but a bit lost. I'd like to know in what ways I could benefit from tax advantages as an investor in California owning propert(ies) out of state. 

I'd like to suit myself for success and would like to learn more about the tax benefits available for me. 

Also, I'd appreciate if you can share your thoughts, network(CPA and tax attorneys), books/article that can help me learn more about it.

I'm single and in the high income tax bracket so would like to save more money on my rental income, later selling the properties, and take advantage of tax deduction available to me.  

Happy Investing!

 This is really helpful, thank you Christian!

 Kansas City

 Thank you Eric, I sent you a DM. Would like to connect and would appreciate if you can connect me with some local agents/brokers

Hi @Brandon Vukelich,

I'd be happy to share what template I use. 

So far I have heard from only on agent. I'm looking into investing in Kansas City.

Do you know local agents/brokers in the area?

HI BP Community,

I'm looking into buying my first out of state investment property and trying to build my team, starting with the buyers agent who is an investor him/herself.

I have used the agent finder tool on BP, but that shows only a couple agents; I have messages those few but no response yet. I was wondering what other ways do you recommend to look for an out of state agent?

I'd like to interview at least 5 agents before making any decisions.

Looking forward to hearing from you.

Hi BP,

I'm an aspiring OOS Multifamily(2,3 units) investor based in the Bay Area, California. I have been looking into KS and Indy as possible options and have done some research on them and they seem pretty similar. Mainly I've looked at the Population Growth, Median Household Income, Vacancy Rate, Median Rent, Landlord friendliness.  

I'd like to connect with some locals from both markets to get more insights on these markets and help me pick a market and start my journey.
I'm looking to start from a duplex with a positive cash flow and my main focus is good appreciation. 

woULD 

I'd like to get help on:

1. Which Submarkets I should look into that would have a better appreciation and safe? (I don't care much if one market produces more cash flow and one less in the beginning)

2. Are there any major natural disasters that I should be worried about before getting in these markets? (Indy seems to have Tornados, would this be worrisome?)

3. Do these markets have a strong and diverse economy (based on a Google search, seems they do but different sectors)?  what resources do you use to compare?

4. Which market is better for Multi Families in a long run? How I can measure this(would it be based on the inventory and building permits)?

5. Which one is better to be landlord at?

I have a few more questions, that I'd like to connect with the local agents, investors or OOS investors who have or still invest in these markets and hear your suggestions. 

Looking forward to connecting with you.

 I wanted cities out of state that I have at least heard of their name, some tech presence, good population growth, closer to California. I didn't look much into Texas due to high property taxes.

Also some follow up questions:
1. By 4% caps, are you referring to Cap Rate? and where do you get that number?

2. What is a good caps?