All Forum Posts by: Artem Belayev

@Alvin Taveras thank you Alvin! I’ll send you a dm shortly!

@Stetson Miller thank you Stetson, will send you a dm shortly!

Hello BP family! I hope everyone is doing well and staying safe during our current times. I was hoping to connect with some realtors, wholesalers, investors and property managers and also hear feed back from locals or out of state investors that invest in those markets.

We currently own a handful of properties in the Seattle WA area that we're going to be selling off shortly. We've rented them all out by the room so we would be able to see returns in our current market. between how much turn over, scalability factor, current market pricing, local tenant landlord laws, and how much time and involvement that strategy required we've decided we're going to be selling them. We're still planning to do some local flips but as for rentals we want to move out of state.

Our primary goal is to re invest that capital into out of state markets that will get decent returns and also will see appreciation over time in safe neighborhoods. I believe Sarasota, Cape Coral, Fort Myers Could be those markets. Any other suggestions are always welcomed :). 

We've also considered this market because we've considered moving to Sarasota in the near future. 

Thank you!

@Jenner Birukow Hello Jenner, I know this is an old thread but I was curious if you pulled the trigger? Did you buy anything and how was and is your experience? I’m also looking and researching Memphis!

Thank you!

@Jonathan Greene hello Jonathan, it was just an example. The goal is to continue investing locally doing flips, land division. But buying houses and renting them by the room is difficult to scale. I 100% agree with you. I would like to find a market that has both decent cashflow and appreciation and continuously growing with population and jobs. I would never buy a property to cashflow $100 a door. A single repair would wipe out years of cashflow I’m also by no means ego driven for doors I would rather have a single property cash flowing 600 then 6 properties cash flowing 100 each. Just looking to diversify my portfolio. Rentals are good for cashflow, a cushion and long term wealth. Flips for quicker money and to help fund other flips, rentals or business ventures.

@James Wachob thank you James! Will send you a message!

@Roland Jean Charles thank you! I will look into it and reach out. Appreciate it!

@Fernando Figueroa

the price point was just an example in Washington if your buying a 500k house rent would be around $2500. It’s why we rent everything by individual bedroom.

I would like to choose a market and see both cashflow and appreciation. I’ve heard a lot of people having great success in Florida but also in all the states you’ve mentioned above.

Plus I wouldn’t mind moving and living in Florida some day haha.

I will definitely send you a message thanks man!

Hello BP family! I hope everyone is doing well and staying safe! We currently live and invest in northern seattle wa area. Shoreline, lynnwood, Everett. We rent houses by the bedrooms.

We've been thinking of investing out of state into SFR and possibility some small multi family. It sounds more scalable. "purchasing 100k homes vs 500k homes"

Traditional rentals are difficult to cashflow around here in Washington it’s the reason we rent by the room.

Our goal is to scale our rental portfolio and live of the cashflow.

I was hoping to connect and hear the pro/cons, issues that people have ran into investing out of state from local investors that invest out of state. or anyone that lives in an expensive markets that invests out of state.

Some areas we’ve considered have been Florida, Jacksonville fl, Orlando, Tampa, Sarasota fl, Memphis, Different parts of OH, Cincinnati. I’m planning to do more research on job and population growth in all those areas and possibility connect with local agents, investors, wholesalers and property managers but for now mainly looking to connect with people that do invest out of state!

Thank you all so much!

@Brandon Turner

Also depends on lot size. For example in shoreline wa we have R6 zoning for SFR so 6 houses per acre of land. So roughly 7200 a lot per residential house. If you have a 14400 sq ft lot you may be able to convert it legally as a duplex. I know each city and county has different laws and requirements.