All Forum Posts by: Annis Naeem

I did find this for anyone else that may be curious. It’s got some good info. The actual website is password protected but this report is not, for some reason. https://assets.recenter.tamu.edu/Documents/MktResearch/DFW_CBRE_Multifamily_MarketView.pdf

@Marc Winter :) Of course. I agree with what you said. That's our plan. We are trying to get a pulse on people's opinions about the market before buying our first round flights to visit, and ultimately rent, etc. Thank you.

@Rachel Deering  Great to see another film industry person on here. I figured there was no work there for film. I did work in New Orleans for a bit and met some Texans that came to New Orleans a few months of the year.

My approach is to simply work from home/freelance and try to sustain that. Just from no income tax alone in Texas, the first year of savings would be significant.

That's all very helpful information! That's a stunning multifamily you just posted. I may reach out if we decide to pull the trigger on moving out there if you don't mind.

@Lucia Rushton Thank you for that info. It's really helpful. That's what I noticed as well while surfing zillow. The rents are higher than some of the single family homes for sale there, both of which are decent places to live. 

@Mike DePaola Thank you very much. That's good info.

Hi all,

preface: 

I work in the film industry in LA. I make a pretty comfortable living and I can do my job from anywhere in the world as a designer and still make the same income which is a blessing. Heck, we could move to Tahiti, but we want to move to a place that has opportunity for growth in real estate investing. My wife and I are tired of LA's pricetags on rentals, real estate, food, etc. I only ended up here due to college, but nothing holds us here now. No matter where we look in SoCal, everything's blown out of proportion. So with our first kid on the way, we thought; hey, we don't even have to live here! Why didn't we think of this sooner, and why not move to an area with more opportunity to begin our real estate investing journey?

I have been researching and reading everything I can get my hands on about real estate, money, and mindset in general. I finally feel ready, as I am at the cusp of paying off all my student debt and other mistakes of my early 20s, and cultivating good behaviors of savings, watching my budgets, etc, mentally undoing years of bad habits developed from financially unsound parents(not meant in a negative way).

We want to buy a 4plex, live in one unit, house-hack, and do the whole deal. I hope to escalate that into a snowball that builds into bigger properties in a few years if the universe smiles on us.

 We've been analyzing deals and feel that we have a pretty good handle/baseline to analyze a deal instead of feeling like we're gambling. Now we just need to go to the school of hard knocks and actually do a deal and truly learn the hard way! And we're very excited about that.

The big question:

All that to say, we have been looking into Dallas to start our lives anew. I can see that the prices are all over the place and not a whole lot cheaper. I know that the price tag isn't everything on a property, and you must "make a deal", which I plan to do no matter what by employing all the techniques of marketing, real estate meetings, networking, etc. 

But Lindhall's book also discusses points in which a market becomes over saturated in cycles. Where you must get out at the peak rather than at the bottom. And I know this is a loaded topic and heated discussions begin around this. I've been hearing of DFW for years. It's been one of the fastest growing markets for a few years now. And just surfing zillow and browsing rental prices, it seems it's getting up there in the price tag. Do you guys think it's nearing a peak?

And this is just an open question, so please don't poop on me. If you could move anywhere in the states while not having to worry about income to begin your real estate career from a completely clean slate, where do you think you'd go? All the various markets everywhere are overwhelming. I am doing my due diligence, but curious to hear everyone's thoughts.

Perhaps a better question to ask is: what are the right questions I should be asking myself?

I am unsure of how saturated the market is with the hordes of skyscraping apartment buildings under construction/coming online now and in a few years that may slow down the progress everyone has been writing about online the past year or two. Does anyone have helpful links to be able to view this stuff?

We're also just curious to hear everyone's thoughts, and hear any words of wisdom.

p.s. We also chose Texas because of no income tax. It will help in our FIRE savings rate to move to a state that doesn't have this. Nevada was too hot, and Oregon too cold. Texas feels perfect.

Hello all,

I have lurked for a few weeks and thought I'd sign up. I've gone down the Bigger Pockets rabbit-hole that I was lucky enough to stumble across on the podcast App Store on my phone. It has changed my life.

I work in the Entertainment industry as a designer on films. I love my job, but after 6-8 years of working 9 am-9pm, I find myself on the eve of the last year of my 20's finally getting spooked about retirement, and the true gravity of what the future may hold especially with our current political climate. I realized that I have built other people's castles all these years, with nothing more than a padded resume to show for myself. I am lucky to do what I do, and get paid well enough for it, but an injury tomorrow would result in immediate time out from work and starting a cycle of eating into my savings.

I have re-oriented my life goals. My greatest asset is my work ethic and I find real estate to be the most rewarding. Having invested in the stock market, it is nowhere close to what I feel real estate can provide. I am utterly mesmerized by the idea of turning this into an eventual full time job. I want to be a real estate investor specializing in Multi-family rental properties.

After reading many rich dad series books, Bigger pockets books, Tony robbins books, and any other book I find out there on investing; I find that I need to start getting my feet wet.

I have set a goal for myself. That in less than 12 months from today, I will invest in one property, in the US (I am looking at Fort Worth, Dallas, Texas or North Carolina, as Los Angeles where I live is far too unreachable at the moment) that will generate at least a few hundred in cash for me past the mortgage, debt service, expenses, etc. I am open to looking into any other markets that may be good for a beginning investor. 

Glad to have found a resource where everyone is so open and collaborative! I am finally excited for the future these last few months rather than afraid, hopeful, or wishful.