All Forum Posts by: Brian Cassanego

Just wondering if anyone is still seeing this in decent areas to invest in?  I've been looking around and haven't been finding much if at all.  Thanks!

@Account Closed

THanks Blaise.  I have considered it, but it is something I don't know as much about.  I was always interested in Self Storage, however, I would much rather be closer to that so I can run it more efficiently.  You have any takes on that?

Thanks!  All great information!

@James Hamling  Well, there you go!  That's what I was thinking for sure and yes, you are correct that I am emotional about the property.  My wife and I moved north of SF about an hour to wine country (love it) and I have sold both my bars in SF and once I sell my condo (which my wife and I lived in for 12 plus years) I will be completely out.  And if you have heard what's going on in SF with the crime and homeless (pretty much all true), its a real good time to get out, while prices are still high.  And there are so many things I hate about SF right now, but that is/was my home and selling the condo, I know I will more than likely never have any interest in SF ever again.  So, yes, it's a bit emotional, and yes, I should leave that out when investing.  Now the great question is WHERE TO INVEST?  I have been looking at numerous markets and everyone of them has it's positives and negatives and I know I won't get it 100% right, but I really want to make the best decision I can here.  Thanks again!!!  And I really like getting an A plus property in a great market/neighborhood with A plus tenants while netting 7K monthly.  Really like the sound of that!

Tyler, I have heard great things about Indianapolis. A friend of a friend is a major investor there and has done well.  

Thanks for the info Andrew!  My tenants just informed me they are leaving when their lease is up (June 30th) so that may be a blessing in disguise.  I am sure I can rent it pretty quickly, but yes SF scares me.  For a multitude of reasons.  So the question now becomes this.  I should have 900-1M free once I sell and pay off realtor fees and transfer taxes and what not.  I have lived in 2 out of 5 years so I do have the 500K exemption.  Even with that, I would have to pay capital gains so if I can 1031 exchange, I will.  

So the question would be, where to put the 900K? Which markets? I am not afraid of out of state (and I am still afraid of the tenant friendly CA). Utah, Ohio, Alabama, Texas, Az??? I would like to get both good cash flow and good appreciation. Maybe paying cash for a few units that can produce 6-7K total in rental income with the 900K? Do well with those for a bit until rates go down a smidge than cash out refi and buy more? Or maybe buy one rental in a good area and then maybe an STR somewhere near me (Sonoma county Russian River area). Just want to make sure I do the best I can do with the equity I have.

Would appreciate any insights anyone has.  Thanks!!!

Jake,

Where are some of the best sources to find vacancy rates?

Cheers!

Brian