All Forum Posts by: Anthony L Amos Jr

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Happy day BP folks!

What's the best advice for a first-time real estate investor?

Let's hear those great ideas and experiences!

I'm new - and looking to buy out of state to get started. 

Hello to all,  I'll set my situation with you.  Hopping to hear some suggestions.

- Currently good paying job, combined income + $200K 
- Savings $50K (Could save a little more if needed)
- Experience Zero. 
- Currently living in Southern Ca, so there is no such a thing as cheap property to buy over here. People want $$$$$$$$$ for their run down properties, so buying ugly home, move in and fix is not as cheap
- Currently rent: $3k a month
- Goal get into REI ASAP, probably out of state
- Zero real estate owned

I have a good friend in Atlanta with experience in flipping and brrrr.  Originally he was willing to mentor me, get a property from his wholesaler  finance the property cash and me finance the rehab. Because of current state of finances in the country he is not interested in doing any deals for now.  I know interest are high but It makes purchasing easier for the small guy like me. 

Currently I am back to Zero, I want to get started ASAP, but out of partner. I do not know many ppl with extra $$$ willing to invest, or the ones I know do not have much saved. I am interested in SFH or MFH.

Suggestions?. 

Hi friends,

Looking to figure out which markets can work well for cash flow in today's environment. Open to long and short term. Once I get a better idea, I would like to get to know more agents, mangers, lenders. Possibly looking for some strategy ideas. So far certain markets that came to mind: Ohio, Indiana, Florida, Georgia, Nashville.

End goal is to put an investment and management in place as it will possibly be an out of state situation (unless I house hack)

I'm a novice investor trying to get a better handle on which state to look into for a duplex investment property with a goal of cashflowing. 
I would like to invest in either the Midwest or Southeast as it is my understanding that those regions are great at cash flowing. Based on my research on landlord-favorable states, I came up with:

Midwest: Indiana and Ohio

Southeast: Arkansas, Louisiana, Alabama, Georgia, North Carolina, West Virginia

Would you not invest in any of these states, and if so, why? I was thinking of potentially ruling out Louisiana due to flood risk.

Thanks in advance!

PS: I'll be an out-of-state investor from California

Hello BP!

I am new to REI, and am close to writing an offer on my second multifamily property. The tenants are on 12 month leases that just started one month ago for one group and ~4 months ago for the other group. Being that there is still a lot of time left on the leases and I would be stuck with them, would I be able to make my offer contingent on the tenants meeting my leasing standards and have them fill out my application prior to the purchase going through? Any help or alternative strategies are welcome!

Greetings all,

I'm a rookie investor from MD very interested in long distance rental investing in the Columbus area, preferably single family units. As of now my budget is around 130k. Can someone provide some insight on whether this is doable and provide some recommendations on Class B and above neighborhoods and/or neighborhoods in the process of revalitazation?

Any assistance is greatly appreciated.

If there is anything I can do in terms of providing any insight in the Washington DC metro area in return, please feel free to reach out.

Quick question - looking at a property at the Sheriff's auction.  How do you find out if there is a lien again the property from a mortgage company?  All the liens I found were tax liens and all the searches the county office are based on the property owner's name and not the address.  Does anyone have a sure bet way to do this even if it cost $ ?  Dont want to bid & win a property that happens to have a mortgage lien!  Thank you in advance.

After choosing Columbus for my first investment in real estate, what are some areas or neighborhoods that I should be aware of as an oos investor? Any areas that seem safe during the day but are entirely different at night?