All Forum Posts by: Cameron Nehrer

Get a safe and bolt it to the ground. I would be weary of storing in safety deposit boxes. The wise always say, "if you don't hold it, you don't own it." I diversify my holdings about 65% in my immediate possession, the rest stored with GoldMoney.com (they store it for you in vaults) I know you just asked about storing, but since it's related to the topic I figured I would mention an interesting article relating the the price of gold to real estate. Linked below- I think it's smart to diversify and hold precious metals but the article is pointing out that in most possible scenarios for the future, real estate will out perform. Curious on anyone's feedback or input to the analysis in this article below. http://danielamerman.com/va/GHratio.html

Looking to really start analyzing deals in southern California and out of state. 

Wondering if there are any referrals for good lenders who can give me an idea of the options out there? 

I'm looking at a pretty good triplex in Long Beach where I could live in the smallest unit and airbnb when I'm out of town. and then either long term lease or short term lease the other units to max income. 

The triplex if priced at 949k on the MLS and I estimate income to be close to 6k for all three units. It's in an area that is very attractive for short term rentals (I know this because I sub-lease my apartment in the same area on airbnb and get a ton of inquiries and requests)

It's probably not a killer deal, but I would like to analyze it further and get more info on how I could finance the deal. 

Anyone have suggestions? 

I would potentially have 100k for down payment but would like to put as little down as possible.. Ideally closer to 40k-50k 

I'm interested in searching out a deal for either a SFR or multi plex in Long Beach (Belmont Heights, Eastside, Rose Park, Bluff Heights are the main areas I'm looking in.)

I lease an apartment in Belmont heights and with the owners permission I sub lease it on Airbnb. I've been nothin short of amazed at the demand for short term rentals. 

Anyway, I think having a duplex would be ideal. That way I could put one full time tenant in one unit and then do short term renting (Airbnb) in the other unit. 

I'm curious if there is anyone working similar strategies in the area? Or anywhere that would have tips, feedback or suggestions on something like this. 

Thanks in advance 

Ali Boone nice to meet you! What areas are excited about right now? Are there any REI meet ups on the LA area that you'd suggest? I figure going to things like this will just help me further my education and network.

Hi Michael, I'm new to BP and in a similar situation. Looking to purchase a student rental for grad students near the UT grad campus. 

I'm curious did you pull the trigger on an investment in Toledo?

Thanks a lot @Vivek Khoche 

Wow, I just spent about 30 minutes skimming, and will re visit later when I have more time. Lots of info out there and it looks like the main takeaway is: 

1) Be weary of predatory TK providers looking to exploit newbies

2) Property Management is a crucial component that must be addressed

3) Always understand the exit strategy 

To your comments: 

The decision isn't based solely on the fact that my brother will be there, it was more of the catalyst. When I saw how much he is paying for rent and how much houses were going for there it sparked the interest. Since I've looked more into it seems that there are pretty good opportunities in Toledo for student rentals.  

My plan for this investment would be to put down around 25% on 30 year fixed... 

I obviously need to do a lot more research to make sure I can find a good deal, I just thought I'd post here to get the ball rolling. Which so far has helped. 

Thanks for referencing that thread, there is a knowledge of info in there and things related to investing out of state. - I have bookmarked it and will return. 

Thanks 

I'm looking to get into real estate investing but I live in Los Angeles. 

Finding cashflow opportunities is next to impossible at this time, and even when you find decent looking numbers the sale price gets bid up way over asking to where the numbers aren't so decent.

My hopes are that things are topping out here, because I'm tied to LA for my full time job and I would love to purchase and do a "house hack" situation.

Recently I've been looking at opportunities outside of CA and Toledo, OH is looking very attractive. My step brother is going to med school out there and renting a place so he would potentially partner with me. 

I guess I'm looking for any generic tips, suggestions or warnings for a first time investor out of state - 

I'm looking to purchase something between 50k-85k and it looks like I would be able to find something that would adhere to the 1% rule pretty easily. 

Anybody on here done something similar? Would love any feedback, tips or suggestions. This is my first post here.