All Forum Posts by: Anthony L Amos Jr

Hey BP. I'm trying to get my first deal done but can’t decide whether to start off in-state or out of state. My primary goal for my first deal is to learn as much as I can but due to how expensive homes are in California, it’s hard to learn without putting too much on the table. I have read Long-Distance Real Estate Investing by David Greene, but I’m still worried that by investing out of state I wouldn’t be able to learn as much about renovations vs in state.

If my end goal is to invest out of state, should I just do that to begin with? Will investing out of state negatively impact the learn experience for my first deal, specifically the renovation aspect?

As a first time out of town investor, I'm considering Columbus Ohio. What neighborhoods should I consider for LTR and using the BRRR strategy.

Hi Everyone :)

I'm taking my first steps in real estate investing and am currently in the process of making my final decision in which market to invest...

To the final run came Columbus OH, and Indianapolis IN, two cities with job and population growth and diversity.

I'm debating between those two and we'd like to hear your opinion :) which one of them can get me higher cash flow, and has multi-family houses in the range of 100K-150K, preferably closer to 100K-120K price - ARV can be higher...

Any other pros and cons that I need to know to decide between those two?

Thanks a lot!!!

I am going to purchase my first investment property sometime later this year, and my research has pointed me to 5 different markets for a good mix of cashflow and appreciation:

Columbus OH

Memphis TN 

Indianapolis IN 

Kansas City MO

Oklahoma City OK

Anyone have any feedback on these different markets? Do you see a good balance of cash flow and appreciation coming from these various cities? Any insight would be greatly appreciated!

Just like the title says I am looking to select a market to purchase my first property. I live in Southern California and it's almost impossible to make an investment that will cash flow here so I'm fine going else where. I'm trying to figure out "what I don't know" that I should know before selecting a market. Obviously having a market where the price to rent ratio is favorable but what other metrics (or non-hard data) should I be looking for?

Other than price to rent ratio, I know I should consider how it will appreciate over time but I was hoping to hear how some of you guys decided on your markets (when they weren't nearby). How did you take all factors into consideration fairly?

I have a max of $100,000 I'd like to spend on this investment as it's my first. Preferably I'd spend half of that on my first one and get comfortable with the process and then do another for that same amount or go up to the full $100,000 amount. I share this as I know this disqualifies me from a lot of markets. Let me know what other information you'd like me to share that will help with any advice you have.

Thanks so much in advance and if I am breaking any of the forums rules I apologies. It's my first post here.

-Jon

Newbie investor here. I'm focusing on turnkey properties because I'm seeking a passive (or as passive as possible) RE investment. I have about $150k to invest, which is currently sitting in a savings account (4.4 % APY), waiting for the right opportunity. My tentative plan is to start with one turnkey property (putting 25% down) and see how that goes before committing to more. That said, with today's interest rates, I'm not seeing any significant cash flow once all the numbers are in place on most of the sample properties I've looked at. Not sure if I'm looking at this correctly, but it seems that I'm better off leaving my funds in the savings account for the time being. I may also be suffering from "analysis paralysis," so I'm seeking guidance from greater minds.

Thanks!

I just got the property reappraisals for several of my rental properties.  I am curious about the appeal process and if anyone has gone through that in Columbus.  The values are a bit arbitrary.  One thing I noticed is that most of the valuations for properties on the auditors website are about 60-80% of their real market value.  

So, if a few of mine are valued pretty much at market value, is there any sense making the argument that I would like my property valued at the same percentage of market value as the neighboring properties, or is that simply a waste of my time. 

Hello, I am based in the metropolitan DC area and looking to invest out of state as this market is very expensive and it's hard to find a good deal. Does anyone have any experience investing in the Midwestern states? Was considering looking into markets such as Detroit, MI, Cleveland, Oh, St. Louis, MO, etc as from my understanding cash flow tends to be higher in those markets. I am primarily focused on cash flow vs appreciation at this point in time. Any thoughts on investing in those markets would be greatly appreciated.

Also, by chance does any have any contacts of real estate agents they can share in any of those markets?

Hello all, I am a new investor. I have been reading about RE investing since March this year and every time I read I learn something new. It's been 6 months since I have been learning and I'm too ready to take action. I went from learning about how to buy a basic residential house, to learning about BRRRR, to out of state investing, to creative financing and recently learnt about Tax liens and deeds. I am overwhelmed by the amount of opportunities out there and am struggling to take action on what could be the right move for me considering I only have a limited amount of money saved up.

I would love to connect with you all and get some help in breaking the ice and crack my first deal. Nobody in my family or friends has experience with RE investing and I want to do big things. Would love to meet all you like minded people!

Hi guys! Looking for a good market for multifamily. Currently we have invested heavily in Indiana but would like to expand. Looking for more of class A/B areas with lots of room for rent growth potential and appreciation. Where is everyone investing right now?