All Forum Posts by: Anthony L Amos Jr

New to BiggerPockets and hope to to learn a lot from the community. I am currently in the bay area with a couple LTR here but am looking to venture out of state where there are better cap rates, appreciation, cash flow etc. (which is tough in California). The thing is I am super familiar with my area but don't know anything about the rest of the US. What states/cities do you guys suggest I take a look at that will have a combination of those things and not be too pricy ($400k or less). I've searched through the forums and read a bit about NC, IN, TX, AZ but not sure where to begin. Any recommendations/connections/insight would be greatly appreciated. I have a bunch of equity and cash on hand, just looking for a place to start. Thanks!

- NK

Ohio has multiple markets that offer cashflow and apprecitation. You have established Metros like Cleveland and Cincy and a rapidly growing metro in Columbus. Furthermore, smaller markets like Toledo and Dayton are even more affordable and offer good cash flow opportunity

6 Votes

Quote from @Janet Gonzales:

Bought my primary resident in 2015, currently have $285K in equity and would like to turn into passive income. Not sure where to start.

Use a HELOC to invest in an affordable market that has appreciation and cashflow

1 Vote

Stockton, California

Quote from @Ebony Marbury:

Hello, my name is Ebony. I am new to investing and trying to put all of the information I've researched together. All related advice is warranted.

Best advice for new investors on how to find off market properties?

Welcome!

I've found off market properties from cold calling, working with wholesalers, networking with realtors, joining my local real estate investor association (REIA), and driving for dollars

0 Votes

Pittsburgh, Pennsylvania

"Ohio. Find it here."

3 Votes

Quote from @Brent Tingley:

Hey Everyone,

I'm just starting in real estate investment and doing some research in my area, one of the things I'm most curious about is strategies for calculating the after-rehab value and the best way to go about it. I would assume there's some trial and error to it, but if anyone has any helpful tips it would be much appreciated!

Best Regards, Brent

A realtor can run comps for you. You can also use some of the major real estate listing websites to filter "like for like" sold properties within the last 90-180 days.

1 Vote

Madison, Wisconsin

Quote from @Christina Albera:

Hi everyone, my name is Christina Albera and I am a newly licensed agent living in Dana Point. I’ve interviewed with a few brokers so far. Ultimately, I want to be an investor starting off with multi family/ house hacking or fix and flips. I thought being an agent would be a good way to get a more hands on approach to real estate in general and to network. Ideally, I’d like to align with a broker that works with investors. If anyone knows of anyone in my area that’s willing to mentor, please reach out. Thank you!

Congrats and welcome to the community!
I'm fairly new myself and it has been a ride! My advice would be to learn how to quickly determine which "investors" are serious and which are tire kickers. Obtain your leads organically by networking, posting on social media, and working your sphere. A lot of the paid lead generation platforms are not worth it.
Much success to you in 2023!

0 Votes

Orange County, California

Quote from @Alisha Feaster:

Hi, I'm located in Newark NJ and I'm wondering how do I find off market deals without driving for dollars? Is there a website or app I can use?

You can join your local real estate investor association and network with other investors, call local property management companies, call realtors, join local real estate facebook groups, and pull list from online lead generation platforms.

1 Vote

Newark, New Jersey

Quote from @Eliott Elias:

Why do this? The wholesaler has it under contract, you're not going to get it any cheaper doing this. You could flush out some information the wholesaler was not telling you. Other than that I see no benefit in this

The purpose is not to talk about this deal at all just to get to know some investors that happen to be neighbors. The only way I know about them is through this deal so im wondering if I should mention that or not

0 Votes

Quote from @Wesley A Showalter:

Hey, just wanted to get some input on the midwest real estate market. I'm specifically looking in Columbus, Ohio to buy my first house hack and was wondering if I should wait to pull the trigger. Any advice would be great!

The biggest complaints I hear from investors are "I wish I didn't wait to buy" and "I should of held on to more properties". Don't wait to but real estate. Your title is spot on for the Midwest. "Midwest housing CASH" :)

6 Votes

Columbus, Ohio

I was sent a home by a wholesaler that I'm interested in purchasing. While doing my due diligence I checked the county auditor site to cross reference the property information. Low and behold the property is owned by someone in my subdivision that I do not know at all. I will not go over the wholesaler if I purchase this property but I would like to get to know my investor neighbors. Would you doorknock and tell them this, send a handwritten letter, walk the dogs by and just start general convo, like it was not planned :), or something else? If you were to doorknock what would you say?

I plan on sending christmas mailers to my subdivision this year

0 Votes

All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 494 times.

Post: Markets with great cash flow

Post: How to turn primary residence into passive income. $285K in eqty

Post: New Investor! Best advice for first time investors?

Post: What's the deal with Ohio?

Post: Strategies for calculating after rehab value

Post: Newly licensed agent

Post: Off Market Properties

Post: How would you doorknock this neighbor?

Post: Midwest Housing Cash

Post: How would you doorknock this neighbor?