All Forum Posts by: Cecil Shannon

I'm originally from San Francisco, CA and started investing in 2021. I chose not to invest in CA because the numbers and landlord laws just didn't make sense. Here's an example of the landlord laws I'm referring to ("Justice for Renters Act" - this is coming up on CA's November ballot).

I ended up starting off with an OOS investment here in Ohio because both the numbers & landlord laws made sense out here and I haven't been disappointed with my decision to do so. As the years have progressed, I've seen a healthy combo of appreciation & cashflow has continued to increase as market rents have gone up.

To start off, I'd attend some local meet ups and network a bit, and start analyzing some deals. Once you feel comfortable in running your numbers, figure out a good market that has good population & economic growth and landlord friendly laws. Once you've found your target market, start developing your teams (Investor focused agent, Investor friendly lender, Property manager & contractor). Last but not lease, start writing offers and don't get stuck in analysis paralysis.

Let me know if you have any questions about OOS investing. Happy to answer any questions you might have.

Yeah the landlord laws in CA seem pretty harsh which would be a big factor why I would go with out of state. Like stated in later in this forum things are not quite as harsh as down south but you still have “California” to deal with lol.

I will look into Ohio and start analyzing properties locally/OOS and see if I can find decent deals in Ohio. I havnt done much analysis but need to spend more time doing it.

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Quote from @Min Zhang:

Hey Cecil, welcome to BiggerPockets! You’re in the right place to learn about real estate investing. If you want to start out-of-state, as someone who started off in Columbus, and grew up in Cleveland, I would say, the Ohio market in general is a very beginner friendly state to get started with your real estate journey. I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced. On average, 80 people move into Columbus weekly. On the other hand, if you have a lower budget, let’s say $100-$150k. Cleveland would be a great market for you. I have experienced cash flow anywhere from 10-18% with so much more to offer. As a real estate agent and an investor, I am on the market daily and explore opportunities for myself and my clients. Let me know how I can help!

Thanks! Ohio definitely seems like a good place to look if I’m going for OOS deals. I should begin analyzing and get used to the numbers.

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Hello BP! I'm located in Shasta County CA and have been engulfed by the BP audiobooks, podcast and such! I don't have any investments yet mostly because my wife and I just got married and bought our primary residence. Wishing I had bought a duplex or really any piece of property straight out of high school for a jump start but here I stand.

I have had a hard time getting started and am anxious to get my first deal. I'm thinking of a BRRRR deal but having just bought the primary, probably wont be able to go with conventional financing anytime soon but maybe!

We have a decent amount saved up and have thought about doing a out of state deal but might be good to do a deal near me to start out.

What do you all think? Think I should just wait it out or dive straight in? Any advise of what a beginner should do?

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All Forum Posts by: Cecil Shannon

Cecil Shannon has started 1 posts and replied 14 times.

Post: New Member in Shasta County, Redding area of CA.

Post: New Member in Shasta County, Redding area of CA.

Post: New Member in Shasta County, Redding area of CA.

Post: New Member in Shasta County, Redding area of CA.