All Forum Posts by: Dennis Lin

Hi Dennis, I live in Arizona but when I bought my Indiana properties I lived in SoCal! Are you wanting you purchase a rental that is turnkey ready? Or are you wanting to do some rehab? 

 Memphis, Little Rock, DFW and OK are all great areas to name a few. Taxes and insurance are relatively cheap in these non TX markets so the monthly yield is more attractive whereas TX has higher taxes but there's much more growth. 

Hey Dennis!

Nice work on the ADU. Sounds like it's rewarding you nicely.

As far as investing in AZ specifically, I have a few questions. 

-Are you singling out Buckeye specifically? If so, is it based on your co worker's success? 

-Based on your success with ADUs, are you wanting to replicate that in your next investment? 

Welcome @Dennis Lin! Many clients of mine are killing it with ADU and JDUs in Riverside, CA forcing appreciation and rentals values. Depending on your income this is great. Others are investing in small-multi family in Indiana and Kansas. Out of state investing can have a lot of headaches and require a lot of time to build the right team on the ground you can trust, but the cash flow can be better. On the other side weather and appreciation can be a problem. I think it depends more on lifestyle and goals. I prefer to buy steady, headache free, cash flowing or breaking even new builds because I know it will be best for my 20+ year plan. I've done flips, brrrrs, and wholesaling all of which require a lot of time. Now I focus on what I'm good at and my highest return on time.

Dennis, sounds like we have a ton in common!

I'm in CA but up on the Central Coast. We're doing an ADU and should break ground in a month (also doing it cash). Can't wait for the cash flow!

Beyond that, I mostly invest in Detroit. I have 12-doors there and with the ADU income our family of 4 will be financially free.

If you're looking for cash flow the midwest still has it. If you're not too concerned about that you have a lot more options.

@Dennis Lin welcome to the forums and congrats on the first post! Congratulations on the ADU as well, no better way to start the journey than getting your hands dirty from the get go. I work with hundreds of clients that live in the same area and they like the middle/southern part of the country because home prices are far more affordable and they're landlord friendly states.

There's always going to be unexpected's that come up unless you're buying a property turnkey. I would advise having a healthy reserve fund, for my unrenoavated rentals I keep about 7k liquid per door.

Feel free to reach out if I can be of any assistance and best of luck investing!