All Forum Posts by: Account Closed

@Steven Eitreim, that is a very valid point. I need to look at costs of construction in a target market to see if the price of new construction represents competition for rentals.

@Ethan Cooke, thanks for the affirming response. I appreciate hearing your experience buying properties that were initially cash flow neutral or even negative, that have since become solid cash flowing assets.

@Tony H., OOS stands for Out of State, ie looking at investment properties out of your home state.

@Michael Ealy, I like the breakdown of neighborhoods you present. I think initially, I plan to focus on homes in the B-C range, and appreciate your comment about educating myself enough to know that I'm not buying what I think is a "C" property that is really a "D" or worse. 

I like the idea of value add, but am still a bit apprehensive about trying to tackle too many variables in the first few deals. Have you purchased any properties that you initially rented as-is and then came back to the value  add later? For example, maybe purchasing a larger sq foot 2 bedroom that you'd come back to add a 3rd bedroom.

I also like the idea of MF, but from what I'm reading and seeing through research, it seems extremely competitive in most markets with people often overpaying to acquire.

@Caleb Heimsoth, thanks for the thought. @Dan H. had something similar to say about not taking heavily income taxed $'s into heavily property taxed states.

@Mary M., I value your story. It sounds like you had a successful transition to a great MF opportunity combined with a new home base to live.

@Bala A., thanks for the feedback and your thoughts looking back on your journey and process. As I read more and engage in these threads, I'm realizing that maybe my focus won't be cash flow centered to start. 

Dan Heuschele, I'm not inherently against investing locally, and for now, as a new investor, I'm not sure I represent your competition. I hadn't yet considered thinking of income tax and property tax being in some way inversely related in states, but I track your point on not taking highly income-taxed dollars into highly property-taxed states. 

@Paul Choi, I like your input on looking at both cash flow and potential appreciation and the idea of looking for deals that have both elements coming into play.

@Cody L., I graduated in 99, so not too far off. I think it's likely that there are better deals in Escondido than most neighborhoods in San Diego proper. I think there is something about OOS investing that almost appeals to me more than local. It could be that I enjoy researching new areas and perhaps it's a way to experience areas vicariously. That said, I absolutely appreciate your thoughts on thoroughly understanding the market and having a trusted team in place.