All Forum Posts by: Cailyn Aune

@Kevin C.Thank you Kevin! The more I did into BP, and the more I reach out to people, I'm amazed at how much there is to learn and experience I can gain from! I have definitely listened to at least half of the podcasts so far, and quite a few of the webinars.  They are gold! 

Thank you for the link to the meet-up! That is fantastic! I was wondering if there were local groups close to me! Thanks Kevin! 

@Tom Ott- Thank you Tom! I have found SO many helpful people already... willing to share their experience... I hope that I can return the favor someday soon! 

I noticed you are a turnkey provider from Cleveland. Can you give me the readers digest version of why someone should choose Smartland over another turnkey provider? What is your goal for servicing your investors?

Christopher Griffin - I second Jay Hinrichs question- is there a turnkey company in Tacoma that you're referring to? I live in Tacoma and don't know of one- in fact- anywhere in the west coast. Or were you just referring to Tacoma in general, not necessarily turnkey?

Welcome to BP! It's a goldmine of information here! I'm up to my elbows... A fellow newbie from Tacoma. Hopefully we can help each other out in the future. Best of luck to you! :)

@John Eid - Welcome John! You're right, BP is an incredible place, with amazing people... and so many who are willing to help others avoid their same mistakes. My husband and I are looking out of state as well (west coasters, just south of Seattle), and from what we've researched thus far, if you do your front-end vetting, researching, asking the right questions, you will absolutely weed out the untrustworthy people, and find yourself a handful of individuals to create a team that you CAN trust. I've connect with many so far who are making it work out-of-state, and are continuing to buy out-of-state successfully... 

If you do your market research well, you will be able to find stable rental markets, just don't settle. From what I've learned, property management can make or break an investment. A good PM in an ok market can turn out a lot better than a bad PM in a good market. 

It sounds like if you've made real estate investing a success so far in CA- you've learned a LOT that is going to benefit you as you look to out-of-state- so many of the same principles apply.

Check out this thread... and then scroll down to Eric Fernwood's post. I have just sifted through hundreds of threads, and probably thousands of posts, and this was the best material I came across so far for evaluating an out-of-state market... or any market I guess! I'm starting to dig through his recommendations and start applying them for myself. Definitely work a look.

https://www.biggerpockets.com/forums/52/topics/235...

GOOD LUCK! 

I will be excited to see if there are any suggestions for this... I too would love to know this recommendation... !

Hey @Carl Gryska.... 
I've been digging around on hundreds of posts and tons of threads to learn more about how others are doing their market analysis... finally stumbled on this thread. Scroll down to where Eric Fernwood posts... it's pretty darn thorough. I'm starting to dig through his advice the best I am able.

https://www.biggerpockets.com/forums/52/topics/235...

Also... I've seen some of the following suggested as I've connected with other BP members for various tools/resources for general or specific areas... 

Trulia: use for demographics (% college grads, owner occupy vs. renters, etc), then click on "See businesses, schools, crimes near this home"

Zillow:  for rough estimates of rents and value (rents more accurate when you search zillow for similar homes in the same neighborhood)

Citydata.com : it breaks down each neighborhood and gives you income, demographics, ethnic breakdown, etc (You already listed that... so not sure what they are getting from it that you're wanting but can't find..)

A host of people suggest, Rentometer, Rentjungle, and Rentrange for coming up with the most accurate rental prices.... some people like them, some don't.

Calling 3 to 5 PM companies in an area and asking them a bunch of questions regarding the market, how quickly things are going, prices, etc...

And then definitely read the thread and Eric Fernwood's LONG post from it... it has a bunch of other stuff I've seen incorporated in other's answers, all in one place.

Good luck! Please let me know if you come across anything you learn as well...  Thanks!

@Eric Fernwood - I'm impressed. The detail in your above post regarding how to market analysis is what I've been looking for. I've been searching through hundreds and hundreds of posts and this is the first one I've come across that actually explains HOW to do the research, and what it is you're looking for once you do that research. I'm so grateful. Keep the high quality posts coming.... ! Thanks Eric!

Also... do you invest out of state at all, or just in LV?

Welcome Sarah! BP is the craziest wealth of information you could ever hope for! It will help you reach your goals...! Ps- love your name... My daughter's name is Jane. :)

@Carl Gryska - great question. I just came on BP today to research this exact same thing. 

I know some things to look for once I get the larger market pinned down -ie: looking to see which schools are good and using Trulia to do a crime map is really helpful once getting down to more specific areas.

But I need to get my mind around markets across the country and how to view what is going on from a more birds eye view, and then hone in from there. 

Any and all tools, resources would be appreciated. Thanks!