All Forum Posts by: Brandi Jefferson

Quote from @Sabrina Marie:

Welcome!

Thank you!

Quote from @Jaycee Greene:

Great. How did you pick those areas? Do you have a personal connection to either of those cities/markets?

 Not really, mostly research alone. OKC has good growth in jobs, population, and economy. Plus there's sports there to continue to boost the area. Killeen is a military area, so that monthly rent would almost be guaranteed. I have people who have been stationed there before, so I have a decent idea on areas to look in around the base. So that area is based mainly on ease of longer term (ish) rental income, with about 2-3 years stability depending on how often people PCS and the (somewhat) quality of tenants (bc you never know, even with military). I just started researching Ohio, mainly bc of all the jobs and big companies there. Lots of growth happening and will comtinue. Haven't completely finished researching so not sure what area yet, but it seems promising. 

Quote from @Jaycee Greene:

another expensive area ;-)

The DMV has more 2-4 families, so I checked out a few. I know it's over your budget, but is this the kind of property that would interest you: https://www.realtor.com/realestateandhomes-detail/194-Joliet...? Meaning, if you find something similar/somewhere else (in another market) closer to $300k, you'd be interested. Thanks.

Yea. Just need to find that market. LoL. My initial research has been outside OKC, Killeen, TX, and maybe Ohio. Still need to figure out which market is best. I'm not looking for immediate cash flow since I'm looking for long term investing, but if I can get good ROI within the first 2 years, I'd be ok with that. 

Quote from @Jaycee Greene:

Quote from @Brandi Jefferson:

Quote from @Jaycee Greene:

Quote from @Brandi Jefferson:

Hi Jaycee,

Tampa doesn't have much inventory on MF, so I'm starting my research outside my market, and learning what I would need to make that happen, since house hacking is likely not an option. I am focused on building capital at the moment since it wouldn't be a primary residence for me, so I want to stay under $300K. I was preapproved with that amount before, but it was for a single family, primary residence about six months ago. Not much has changed in my life, but if I now have to finance a rental property vs primary home, my options change. 

I'm currently renting and when  decided I wanted to focus on real estate investing, I decided not to buy in Tampa because of the low MF inventory and in home house hacking is not for me. LoL So really trying to learn what I can, gain some capital, and see what my options could be for the year.

I'd like turnkey and long term renters in place, as that seems like a good way to get started as a rookie. 

OK, since you don't see Tampa as an MF option at this point (maybe @Raymond J. Rodrigues' recommendation may change this), but my next question would be, are there any cities/markets where 1 of the following are true: 1) You have family/friends that live there, 2) You travel there frequently (either for vacation, work, etc.), or 3) Somewhere else you've lived before AND know the area well? If one of those is true, my usual recommendation to my CFO clients is to start in those markets.

 Ha! Tampa was my most visited place which is why I moved there. LoL Otherwise I'd have to look into other places. So far no where comes to mind, but I'll do some research. Thanks!

 Where did you move from when you came to Tampa?

 The DMV area. 

Quote from @Jaycee Greene:

Quote from @Brandi Jefferson:

Hi Jaycee,

Tampa doesn't have much inventory on MF, so I'm starting my research outside my market, and learning what I would need to make that happen, since house hacking is likely not an option. I am focused on building capital at the moment since it wouldn't be a primary residence for me, so I want to stay under $300K. I was preapproved with that amount before, but it was for a single family, primary residence about six months ago. Not much has changed in my life, but if I now have to finance a rental property vs primary home, my options change. 

I'm currently renting and when  decided I wanted to focus on real estate investing, I decided not to buy in Tampa because of the low MF inventory and in home house hacking is not for me. LoL So really trying to learn what I can, gain some capital, and see what my options could be for the year.

I'd like turnkey and long term renters in place, as that seems like a good way to get started as a rookie. 

OK, since you don't see Tampa as an MF option at this point (maybe @Raymond J. Rodrigues' recommendation may change this), but my next question would be, are there any cities/markets where 1 of the following are true: 1) You have family/friends that live there, 2) You travel there frequently (either for vacation, work, etc.), or 3) Somewhere else you've lived before AND know the area well? If one of those is true, my usual recommendation to my CFO clients is to start in those markets.

 Ha! Tampa was my most visited place which is why I moved there. LoL Otherwise I'd have to look into other places. So far no where comes to mind, but I'll do some research. Thanks!

Hi Jaycee,

Tampa doesn't have much inventory on MF, so I'm starting my research outside my market, and learning what I would need to make that happen, since house hacking is likely not an option. I am focused on building capital at the moment since it wouldn't be a primary residence for me, so I want to stay under $300K. I was preapproved with that amount before, but it was for a single family, primary residence about six months ago. Not much has changed in my life, but if I now have to finance a rental property vs primary home, my options change. 

I'm currently renting and when  decided I wanted to focus on real estate investing, I decided not to buy in Tampa because of the low MF inventory and in home house hacking is not for me. LoL So really trying to learn what I can, gain some capital, and see what my options could be for the year.

I'd like turnkey and long term renters in place, as that seems like a good way to get started as a rookie. 

Hi! I am Brandi. Been listening to bigger pockets for about a month now (literally everyday, at every moment I have spare time LoL) and am learning a lot. I have been interested in real estate investing for a long time, but never really had the community, capital, or understanding of how. I've dabbled in learning different areas before, but never been focused. I want to change that this year. Throughout my back and forth with real estate, I've always come back to small multifamily properties. To me, having one mortgage payment for 2 - 4 houses (basically) always seemed interesting and like something that would give me more bang for my buck. 

After listening to hours of the different BP podcasts, I decided to just go ahead and join so I can have more community for guidance and learning and moving towards my first deal. I have a goal of purchasing a small multifamily this year, so I want to start making the steps to make that happen. Glad to be here and cant wait to network and learn!