All Forum Posts by: Christopher Bierman-Gwinn

Thank you again to everyone who has replied. Our plan for this first investment property is to do a long-term rental or maybe midterm rental (furnished finder). Short term is going to be too much to manage. I run a small plumbing business in SF and my wife runs a small landscaping business and it is already a lot of work! If we buy in Shasta we will buy something for 200k-300k that needs some minor updating and do the updates right away before renting it out. We love Shasta and I’ve been visiting there since I was a kid with my family so I figure if I’m going to add more work and responsibilities to our lives at least we can do it in a place we love to visit.

1 Vote

Wow! I really appreciate everyone’s input here. Thank you so much! 😊

1 Vote

Quote from @Shervin Golgiri:

Hi Christopher, I recently moved to bay area just about a year ago. Prior to moving, Kentucky was my hometown for 20 years. I keep all my real estate Investments in Kentucky. 7% or more is the norm for single family residential while in California you most likely land around 3%-3.5% cashflow, you're not even close to cover the interest rate.

Definitely check out Midwest states, they offer low entry point and stable rental market. I would look for Real Estate markets that allow entry point in 160k-250k range, it allows you to liquid your asset if it happen to be the case in future.

Having some clue about property management and tenant relation will definingly help your success in this field. Your best asset would a friendly real estate agent. find the right person who's willing to help you and educate you along the way.

One last advice I can give you is that MORE is not better, choose low maintenance high demand locations and the rest will fall into place.

Shervin, thank you so much for taking the time to give your advice. This is very helpful and I think we are aiming for Ohio. We have never been to Olumbus so we are looking forward to visiting a new place!

2 Votes

Should my wife and I buy our first investment property in Mount Shasta, CA or Columbus, OH.

We live in San Francisco, CA and we both work in the trades and have a couple of connections with trades people in Shasta.

Thank you!

9 Votes

All Forum Posts by: Christopher Bierman-Gwinn

Christopher Bierman-Gwinn has started 1 posts and replied 4 times.

Post: Help me decide please

Post: Help me decide please

Post: Help me decide please

Post: Help me decide please