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All Forum Posts by: Brandon Gamblin

Brandon Gamblin has started 58 posts and replied 103 times.

Post: Invest in St. Louis MO

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Nathan Murith:

Welcome Tom BiggerPockets, @Dennis Morris, and congratulations on doing the work!

Disclaimer: we do not do MTR. 

That said, we invest in LTR in St. Louis The returns you mentioned above are the minimum we look for when buying LTRs, so I would imagine one should be able to potentially do better than that with MTR.

I know a few folks who do MTRs in STL, happy to connect you. Please do not hesitate to reach out, connect, and DM me.

 Hello Nathan. Id like to know how you go about with your LTR investing. I've been looking into that as well and was wondering if you can be a guiding eye for me?

Post: Understanding Real Estate agents better #1

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19

One of my goals, as a wholesaler, is to do the best that I can to understand real estate agents line of work. I'm also trying to find ways to bridge the gap between agents and wholesalers and develop a powerhouse agent and wholesaler connection with myself and another agent! But like the saying goes, "No one cares how much you know, UNTIL THEY KNOW HOW MUCH YOU CARE".  

With that being said, one of my first of many upcoming questions I have for agents is, how do real estate agents deal with multiple offers on a single property? 

Post: Lenders that cover closing costs?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19

Hello everyone!

I'm interested in buying a property. The thing is, I don't have the money for the closing costs. I think its a lot to be able to come up with that type of money when you don't have access to it, and you know the property that you want to buy is a great deal. Unfortunately I don't have money just laying around in an account somewhere to be ready for closing. 

Does anyone know of any private money or hard money lenders that roll the closing costs into the loan?


And to all the creative and genius investor minds out there, what's the best way to handle a situation like this when someone wants to buy a property but just doesn't have the conventional means (Good Credit and Money in an account) to go through with the purchase?

Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Allen Wu:
Quote from @Brandon Gamblin:

Are there any RE investors interested in investing outside the state of where you currently reside?  If so, which states? And what is it about it that compels or stops you to invest this way?

I’m in TX and FL. Worked out. 

Are one of those your original state? Or are they two states outside of your home state that you're now investing in?

Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Remington Lyman:
Quote from @Brandon Gamblin:

Are there any RE investors interested in investing outside the state of where you currently reside?  If so, which states? And what is it about it that compels or stops you to invest this way?


I started purchasing small multifamily in Columbus, Ohio over 4 years ago. The cost of entry is low while the cash flow is high. Columbus is the only Ohio market that has seen rapid growth in jobs and population.

When you say, “the cost of entry is low” are you saying that properties are easier to purchase?

And you’re the second person on this thread that has mentioned Columbus, Ohio. Now I’m interested.

Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Richard Advani:

I have been investing out of state for over 14 years. I live in CA and own properties in various markets across the country. While I do have a few rental investments in CA, investing out of state has allowed me to invest in strategic growth markets that were out of range in california. Positive cash flow and lower cost of entry is the main reason most investors venture out of state. That being said, its important not to generalize all out of state investments in to a single bucket as each market offers its own set of pros and cons. Invest wisely.



How does the market in California where you do hold those rental investments, compare and contrast with those out of state strategic growth markets you’re referring to?

And what do you mean by “strategic growth markets”?






Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Steven Foster Wilson:
Quote from @Brandon Gamblin:

Are there any RE investors interested in investing outside the state of where you currently reside?  If so, which states? And what is it about it that compels or stops you to invest this way?


 Honestly, with how hot the market is here in Columbus Ohio I have not wanted to invest in another state. Over half of my clients are actually OOS investors. The price-to-rent ratio makes for great investments here. Not to mention our appreciation has been 8% higher than the US national average, because of the high demand for affordable housing. We are also a landlord-friendly state. 

Here is an article that has some of the states and trends of our market. https://learn.roofstock.com/bl...


I've always wondered what causes appreciation or depreciation. As well as what data source I could go to and get this type of information. I even wonder if this type of information is accurate and up to date. And I always hear about a hot market. Exactly what is a hot market? Is that a market where cash flow investors, and fix & flip investors all profit and get great returns? Or does this have something to do with price or value of homes in a specific area? I'm not 100% on what it means. I just know that its a positive or good connotation behind it. 

Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Travis Hill:

I am a Marine stationed in California and I invest in Cleveland and Milwaukee. I love the price point and the slow steady markets that exist there. 


Can you explain what you mean by Price point? And what does a slow steady market look like? And how does that benefit an investor?


Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Aj Parikh:

Are there any RE investors interested in investing outside the state of where you currently reside? 

Yes, I reside in Northern Virginia and decided to invest in Cleveland, OH. 

And what is it about it that compels or stops you to invest this way?

I have continued to invest out of state since 2020 because of the returns, available inventory and ability to scale the portfolio. The strategy that I used was working with turnkey companies to help me build my portfolio. Let me know if you want to connect and I can go over the purchase process and answer any other questions related to real estate. 


Yes Id certainly like to go over some things with you to get a better understanding of the purchase process. You mentioned returns, available inventory and scaling your portfolio. What kind of return is a good return? Or does it depend on the market and the property? I’m not 100% sure how the idea of available inventory comes into play in real estate investing. And when you say scaling your portfolio, I’m thinking you mean adding more properties with the collection of properties you already have?

I know we all would want a good return on our investments, but I’m not quite sure how important available inventory is and how important scaling a portfolio is either. Neither do I know how to build my own portfolio. 



Post: Thoughts on investing out of state?

Brandon GamblinPosted
  • Saint Louis, MO
  • Posts 108
  • Votes 19
Quote from @Stephen Brown:

I personally like the midwest and I've been looking at Michigan for out of state properties however my city is great. You can still find on market turnkey deals here. I'd be happy to discuss more. The other market I am considering is Grand Rapids, MI.


What are turnkey deals? Those are cash flowing rental properties, correct?