All Forum Posts by: Ben Phillips

@Nechole Thompson make sure you send me the leads first before @Brandon Brown . :D ;) 

When you start finding leads, please send em my way, I'm a buyer in that area. So, there's one! :) 

Looking for 3/2 SFH's with a market value of 100-150k I can get at a 25% discount to market value in areas like Murf, Smyrna, La Vergne etc. Anything outside the city center. Good luck finding leads!

Hi Frank, 

I'm looking for the same. What lender did you end up going with?

Thanks

Ben

Realtyshares is accredited investors only??! Boooo! Love this idea though! I've been waiting for something like this to come along for a long time. @Eric Manuel 

Hi BP community,

I live in San Diego and I am looking to buy my first RE investment, which will hopefully be a multiunit out of state, wherever has the best macroeconomic trends and best bang for your buck. That’s why I am posting this: I need your help. I am having a hard time figuring out how to go about researching and getting real, reliable data on macroeconomic trends and cap rates for all 50 states. I am currently looking into Texas for obvious reasons, but even that is still a dizzying task: deciding which county, city, neighborhood... I would appreciate anybody sharing with me ways that they do real bottom-up fundamental macroeconomic research on RE markets, and/or any state-by-state or even city-by-city cap rate charts. I am trying to get all the data I can so that I can guard myself against falling for confirmation bias, then, once I pick my ideal market, I will take my next steps. I would prefer any data, reports, trends and analytics over anecdotes. I appreciate your help greatly. Thank you!

- Ben

Hi @Kevin Tran ! Yeah it is still pretty expensive... What else is new... too bad I wasn't out here in '09. :) I am looking for a duplex in SD that fits the 1% rule, extremely difficult to find. Of course I am not very experienced so I am most likely drinking from the trough as far as good deals goes. The more I learn, I will contact the right people who can find the deal. Also there are foreclosures that provide good deals, I just need to learn about buying foreclosures.

@Ziv Magen thanks for the encouragement. I agree with you. My first step though is to buy a duplex in my region so I can live for free, or at least at a deep discount. Then I will investigate remote RE investing. Thanks!

Hi Gulfield,

I am looking into doing this same thing. I'm in san diego and looking at getting a duplex, hopefully with a FHA. My main concern is that they might be too expensive for the "rules" and ratios advised here on BP, or that otherwise it wouldn't be a great deal. I am really new to RE, but I was wondering which posts you read here that got you so on your feet that you went and pulled the trigger with ONLY 4 POSTS ON BP! It seems like you didn't even have to ask questions! Any goldmine articles that would help me understand what to look for in a SD duplex?

Thanks, and congratulations!

- Ben

Brandon Turner thanks, man! I was wondering how I hadn't heard show 28 yet... then I realized it's because you posted it the same day I posted this! Haha. I have listened to it 3 times so far, love it. Great job getting into more gritty detail.