All Forum Posts by: Edgar Estrada

Congrats @Chase Taylor! I also invested my first buy and hold rental in Missouri. However, mine was a SFH in Grandview.

Wish you much success! 

Thanks for the feedback all. I figured Kansas City was a great market for investing, period. Whether you're looking for SFH or Multifamily.

However, I am looking for other suggestions as well. Anyone ever invested in multi family in Atlanta, Dallas, Houston, Washington. Perhaps any other markets I haven't listed that are solid choices? 

Since this will also be a situation where I'll be moving, I'd like to consider all options. :) 

Hello PM Community, 

I just invested in my first SFH in Kansas City and financed it with a traditional conventional loan 20% down.

Since I do not have much capital anymore, I am looking to accelerate my investing strategy by house hacking a Fourplex and using a FHA (3.5% down). However, I live in California which is not a suitable market for investing.

I realize I'd have to move into the Fourplex if I wanted to use FHA financing. So what I'm really looking for is recommendations on which out of state markets I can find deals on Fourplex properties?

Marco, living in Southern California I am highly leaning towards investing via turnkey. I know your company Norada Real Estate is a hybrid promoter/turnkey company. I would love to hear more from your past investors as you've mentioned above. 

@John Duguid Thank you for your insight. If you were in my position as a beginner investor looking to purchase a multi-family for the first time as a buy and hold strategy. Would you purchase locally like you've stated in the San Joaquin Valley (Bakersfield / Fresno) or Riverside County? Or would you take that leap as a beginner and purchase out of state and look east for markets where properties and way more affordable than in Southern California? 

I'm hesitantly leaning towards the turn key property management route where the property would be renovated at purchase and tenants are taken care of through the property management. However, since these turn key property management companies make their money on reselling to investors at near retail value, I'll probably lose significantly on that instant equity I could get not going the turn key property management route. 

@Marco Santarelli - Thank you so much for your insight. I can tell you right now that I am definitely leaning more towards option 2 as you have recommended. 

As you mentioned, you started investing out-of-state 13 years ago. How have you made out-of-state investing work for you if you don't me asking?

What markets do you invest? Is there any buy and hold cities you would recommend a beginner investor to explore investing in? I commonly hear Pittsburgh, Austin, Charleston, Memphis.

Thanks again! 

Edgar 

Hello BP members,

My name is Edgar Estrada from Anaheim, California. I am Cal State Fullerton graduate in marketing and currently employed at a location-based marketing technology working as a Sr. SEO specialist.

I am fairly new to real estate. I am currently looking to learn as much as possible about rental real estate investing. Interested in the buy & hold strategy with the intention of purchasing a duplex, triplex or quadplex. I've been reading the BP podcast for quite some time now as well as read Brandon Turner 'The Book on Rental Proper Investing'. 

I've already reached out to several real estate agents, but seeing as how I am based in Southern California (CA), you can imagine the high property prices out here which really don't make for the best cash flow investments. 

Looking to hear suggestions or recommendations on what other BP members have to say on their out of state purchasing experience. Would you recommend me wait for a good deal here locally or perhaps look into out of state turnkey investing with a company that specializes in turnkey? 

Regards,

Edgar