All Forum Posts by: Ethan G Stine

That would be great @Lane Kawaoka, thank you!

Thanks for sharing @Koleton Daley! It's nice to know someone has made it work in a similar situation as myself. BP Marketplace has great deals all the time, I should probably take a closer look at some more of those deals. I will definitely take a look at Memphis. Quick question, when you settled on Memphis, what was your first step? Did you already have connections in Memphis? 

Thanks again, 

P.S. My parents are big Dave Ramsey fans

Thank you for the advice @Sean Carroll! I believe this is what I think I was expecting. I think I just have to be confident in my due diligence and trust the people on the ground to steer me in the right direction! I appreciate the help!

Hello,

Long time lurker, first time poster here on BiggerPockets. I have been following the site and listening to the podcasts religiously for about a year now. I currently have one investment property in California, where I live, that I purchased back in 2015. I am currently in med school and don't have as much time put into real estate as I would like(i.e. direct mail campains, driving for dollars, ect.), but I do have $$$. Not everyday you hear a 22 year old with more time than money, I know. After a year or so of analyzing deals on the MLS in my area in California, I just can't seem to find a deal to make it work. I have also tried to snag some pre-foreclosure deals, all to no avail.

Recently, I have been analyzing multifamily deals out of state in areas such as, Memphis, Missouri, and Cleveland. I have found that the numbers are NIGHT AND DAY different and seem like a no brainer for me to invest on one of these cities, rather than California.

I guess my question or concern is... With the exception of getting completely ripped off, wouldn't it be a safer investment for me to invest in one of these areas, that I am unfamiliar with and trusting of a third party, than to try and tweak the numbers to work in my area? 

I think that with the help of the BiggerPockets community I can find a deal out of state that can be a good investment. I see the wonderful connections that are happening on BiggerPockets, but I can't help but second guess myself with all the adults in my life (non-real estate investors) that caution me against trusting anyone i don't know in real estate. They say,"You don't want to get ripped off and lose all your money."

So, in conclusion, if anyone can suggest any good multifamily buy and hold rental markets with property managers and or real estate agents, that would be greatly appreciated. 

I look forward to connecting with like minded individuals!

Thank you,

Ethan