All Forum Posts by: Bradley Buxton

Hello all,

Ive been creeping on this forum for about 4 months now and decided to finally make an account today. I'm 36, I've own a primary for about 8 years now in California (Los Angeles county) and i recently (2021) completed an ADU build in my back yard that generates a nice monthly income. (ADU was paid in cash)

Before doing some reading - i knew REI was more than what i thought it would be. To me, i thought, buy a place, make sure your payments are lower than your rent to the point you can pay a manager, and pocket some money for repairs, and BOOM, you're in.

Ive discovered its a lot more than that, and to be honest, its scared me out of investing. However, life is a risk! I have a decent chunk saved for a 25-30% down payment (depending on cost of house), and ive been looking into Arizona (Buckeye) or Nevada (Henderson)

Nevada - I have a friend/acquaintance who is a real estate agent out there. I figure i can get some good information from him in regards to the area I'm looking to buy in Henderson, have him refer me to a good property manager and go from there.

Arizona Buckeye - A co worker of mine bought a house out there about 10 years ago, and has since paid it off, and has been generating a decent cash flow. He currently has been using the same property manager for 6 years with no issues. My plan was to buy something around his area, using his real estate agent, and piggy backing off his property management as well.

I am open and would love some advice of which direction i should go, what pitfalls await me and what i should expect and avoid. Ive never listened to a podcast in my life, but i would love some suggestions for podcasts, and literature that can expand my knowledge in this area. 

Thank you all in advance for any comments, and im glad that i made an account!

I'm a first-time investor based in Seattle with about $80k cash to spend on a buy and hold rental property. The Seattle real estate market seems like a tough one to break into. Other locations or options I've considered so far:

• Searching further out but within a 3 hour radius from Seattle
• The Quad Cities (Iowa/Illinois), where I lived for a few years
• Cincinnati, where I have in-laws
• Turnkey investing (through RP Capital)

What would you do in my situation?

thank you everyone for all the valuable info! Ultimately We want to be able to retire and rely on our RE portfolio to live comfortably and long term obviously that is both cash flow and equity right. Trying to stay away from the short term space but very interested in the medium term and We are going to do that with our garage that WE are converting here at our residence. Back yard we cannot beat weather and beaches! And will always appreciate here but just wondering if We can get a better jump start out of state, do more with less to start

@Tony Clark We are actually converting the garage in our current home to an ADU so I am definitely open to this idea as well but is taking forever to get it done here in Oxnard. What is typical turn around time for you? WHo do you have doing the work for you?

@Peter McKenzie We love it here, born and raised but we might be able to get one property in  hopes that there would be enough forced equity to pick up another, etc etc  But open to any conversation that will help us

Hi, I've been looking for LTRs in the Carolinas and I haven't found a decent deal in the last 3 months. I live in California and with the current interest rates, I am a bit lost and I need help looking for new markets to invest in (total $100k cash available to invest). 

I am looking for markets with;
YOY population growth (>1.5%)
Low unemployment rate
Stable local government
Job growth 
Job Diversity
Cash flow with current interest rates

My overall strategy is to buy and hold. I am looking for properties with low to no rehab. B- and above neighborhoods. Any help would be greatly appreciated! If anyone could share the numbers on a recent purchase, that'd help me understand what to expect from a market. 

Looking forward to all the responses.

My CPA recently passed away and I am looking for a CPA moving forward. I have rental properties in MN and NV and we are currently looking into the STR market.

I have reached out to a couple of CPAs here on BP, but I have not gotten any responses.  

Any guidance / advice/ recommendations would be great appreciated as tax season is quickly approaching.

Thanks

Hello All,

Looking for some thoughts and advice on the Dayton, OH area or some other similarly priced markets.

Some background, I am a first time, haven’t ever purchased a home other than my primary residence, want to be real estate investor. I want to generate a cash flowing portfolio that over the next 10 years will allow me to transition away from my current job without worries about the next one. I live in the California Bay Area and to say the least, my market is not affordable or even at best cash flowing. Thus, pushing me to look out of state.

Being a Military member and having some familiarity with Wright Patterson AFB, it led me looking at the Dayton market and realizing that homes are much more affordable there than in my home state. Knowing interest rates are crazy right now and cash flow would be minimal anywhere without an extremely large down payment, I have thought about and am fortunate enough to think about purchasing an investment property 100% cash. This of course would need to somewhere like the Dayton Market as my available cash is around $150k. So, my questions are:

1. 1: Does anyone have any thoughts on the Dayton market and the projections for the foreseeable future?
2. 2: Does purchasing a house 100% cash seem like a good strategy for my available cash or is there something else I should be thinking about?
3. 3: Lastly, what neighborhoods and areas should I be looking at in Dayton or the surrounding area?

Thank you!