All Forum Posts by: Damien Pulvino

All, thank you to everyone for the solid advice. A lot of experience on this thread, and I thank each of you for taking the time to give this newbie a slice of your wisdom.

Knowing my experience level, and with your feedback, I think it is the safest bet for me to avoid wholesaling and wholesalers all together, at least for now until I have more experience under my belt.

Thanks again!

Purchasing from wholesaler; fantastic way to find a great deal?...buyer beware?...or as with everything else in life "It depends on XXXXX".

Also, is there any way to differentiate between a reputable wholesaler and one not so reputable? If so, how?

As always, the communities' feedback and advice are appreciated! 

@Ari Hadar thanks for the post. Can you break it down a bit? I'm still learning here, and the acronyms "CF" and "COC" don't look familiar to me.

Did you already buy a property in Cleveland?

As always, some great feedback, this has given me some things to think about and research. I genuinely appreciate everyone's insights!

After posting my initial BP post a couple of weeks ago about picking an investment market, I received some great advice from a bunch of folks of how to find an OOS market. Using the tips and advice received I have been scouring the country for my initial market to invest in.

After looking at a bunch of markets, using BP Insights and the webinar Dave Meyer created "How to Find a Market Using BPInsights" it seems as if most of the markets I have found that have great RTP ratio are in areas that people are migrating from. Buffalo, Cleveland, Dayton, etc all have great RTP ratios but are losing population, and have other detractors (e.g. high vacancy rates). The "hot" markets where people are migrating to (anything south and west?) seem to be cost prohibitive for first time investors.

Who has gouge on where there are markets that have a happy medium between a good RTP ratio that are not overly expensive that people are migrating to? I have identified a couple of markets (Des Moines, Clarksville, TN, etc) but am curious what else is out there that I am missing. My research has not been exhaustive, but I figured I would hit the "easy" button to hear what additional nuggets of wisdom our community has to offer.

Just for reference, I'm looking into SFR or small multi-family, buy and hold, cash flow and long-term equity. All feedback would be appreciated!

@Anthony Angotti 

Solid advice, and it makes sense. The book "Long Distance Real Estate Investing", who is the author? I may need to pick it up once I can find it. Quick question from your post, how does one "screen the tenants well"? How do you do it?

@Ronnie Galindo thanks so much for the feedback, which is the type of information I am looking for from this post!

I went into the webinar archive and there is a treasure trove of content within it, not sure this is the one you specifically had in mind but I found this webinar which looks to contain good information about long distance investing:

BiggerPockets: The Real Estate Investing Social Network

I'll DM you separately, I'm interested in how you picked Columbus and how your deals are progressing within that market.

Thank you for the responses and information. I'll have to comb through it to get a better understanding of what is being offered. I also appreciate the book reference by David Green!

Hello to everyone on Bigger Pockets! Looking for advice on how to find the right market to start the real estate investment adventure. A couple points:

- I'm overseas, so the market in which I choose to enter will be remote from where I live

- Looking into the buy and hold, long term investment vice flipping

- Interested in cash flow and generating long-term equity, with goal horizon 10-15 years out

- Single family and small multi-family homes is my interest

With the above stated, what is the best way to look for all the metrics that make a certain location a "good" market to enter. How do you research a market? I'm interested in upstate New York because I've seen it pop up and mentioned on various BP products, but census data shows migration moving away instead of to that area.

Anyway, any tips, tricks, advice, and recommendations would be much appreciated!