All Forum Posts by: Chris Gouveia

Thanks for the feedback. I'll take a look again and run numbers in those markets. My quick view (didn't pay for full mashvisor/airdna yet) looked like I could get a nice property in those above stated markets and cash-flow reasonably. The pressure in the markets you mention seems exceedingly high, I just worried about getting squeezed by the # of people trying to grab those. 

Hi all,

Recently completed a duplex LTR purchase in Tulsa. For next, I'm eyeing STR market in the Midwest. With that said, hoping to chat with people who own, property manage, or have experience on agent side in Indianapolis, OK (Tulsa/OKC), and Milwaukee.

Look forward to connecting!!!

Thanks for sharing Ryan, any suggestions on zip codes in particular to look at in these areas? Unfortunately article is behind a pay wall. 

@Chace Fraser@Nicholas Cook- saw you two mention Vancouver possibilities- anything to know/avoid on buying SFR properties in Canada/Vancouver?

Congrats on joining- I think your skill set will be well served (I have a friend who did construction management via SLO and it's quite valuable). As you mention Bay Area can be intimidating, but having a knowledgeable mentor (as above the one who volunteered to meet) would be a nice addition. Educate yourself on the basics of REI/flipping since you have time to probably sit on the sidelines a bit financially, and then gain as much real experience from these mentors as possible to know the realities of 'the game.' The time to target a couple markets and then watch as markets fluctuate will also provide some insight on its own before you take your first bigger plunge. Best of luck!

Agreed with above- in many markets of the Bay Area, they'll just discard your offer. But the areas you're looking at are typically less fierce than South/East of SF. The market has cooled overall and many places are still priced very aggressively upfront, so use your judgement with agent input (if you trust them and they're on board with your approach).

@Rudky Martin - fellow Bay Area investor- you'll get some pretty wildly varying cost estimates from contractors on even smaller jobs, let alone what sounds like a pretty big gut. If you don't have a person/team you trust upfront, I don't know if I'd start with such a big undertaking (trusting their estimate to guide your investment purchase), but just my two cents. Best of luck!

Similarly interested! Live in the bay now, but from Modesto and did college in Fresno, looking to invest in the future. 

@Baptiste P. best of luck!

Either way @Mohammad Haidarasl you'd get significant relief by consolidating and refinancing if you are making more money than you did as a student. Those high interest balances are a killer, best of luck!!