All Forum Posts by: Anthony McHale

I currently live in Southern California and I've been watching BP podcasts and analyzing hundreds of properties in different cities and states for months now. I'm looking in the $150-200 range, and I've been preapproved with 20% down and a low-interest rate for an investment property.

I was unable to find any location within 5+ hours in my Orange County area to invest in. The 1% rule will never happen anywhere around my current residence.

I decided I wanted to invest remotely, so I started doing research in different states. I landed on Michigan in the Ann Arbor area. I happened to have a friend in the area that could take a look at some properties for me.

 I was ready to pull the trigger on offers for a few homes, but I started looking at different websites to find the most accurate price for rentals in the area. Craigslist and social media platforms were showing significantly lower rental prices than the larger website such as Zillow or Hotpads. I've become somewhat hesitant on placing an offer. I thought I was running everything conservatively until I noticed how far off my numbers could possibly be. We're talking $250-750 difference in rent.

Bottom line, I'm still looking to invest completely remotely if I can make the numbers work. I run multiple branches for a large solar company so remote work is something I handle every day. I can't get any good information from friends/family or realtors in the states I've been dealing with.

If you were to invest anywhere in the US around 150-200k for single-family homes, where would it be? I'm planning to use the BRRRR plan once I build some equity. Also, is craigslist/facebook marketplace really a good metric for current rentals being listed?