All Forum Posts by: Ethan Wilson

Please PM me for photos and detailed information.

Please PM me for photos and detailed information. Thanks!

@Austin Youmans

Market 1
So one of the RE markets is my hometown which I haven't been to in ages.

Pros- It has good schools, is very stable and has a low crime rate. I don't expect appreciation in this area but price wise the entry level investments SFR and MFR are doable and cash flow fairly well. I could also easily find old relationships to leverage in the RE community there.

Cons- A Higher rate of vacancy and across the country from me now.

Market 2

Pros- A larger city with colleges, growing RE market, and fairly stable economy
My wife is from here so she would know the location, crime, etc. It is much closer but a 5-hour drive.

Cons- Higher property costs than Market 1 and much more crime so I could potentially pick a bad area to invest in.

Market 3

Pros- Small College town with very high rental rates, very reasonable RE prices, higher rents. I travel here for work often and love the city.

Cons- Across the country, high tax rates, I have very little knowledge of this area.

@Doug Woodville

I'm looking for cash flow 300$ a month minimum.  I ideally like Multi Family rentals for the scalability to fit my long term cash flow goals quicker, but I do analyze occasional deal for single family homes if they hit my metrics.

I have been analyzing deals in the three areas utilizing the BP rental income analyzer to determine if they fit my criteria. 

My concern is if I'm spreading myself too thin across the three different markets for my first few deals instead of focusing on one area and really getting to know it and build my RE team in that location. I have found a few deals here and there but I would love to have property managers, contractors, and real estate agent relationships built before pulling the trigger. I gave myself 6 months to a year to increase my educational knowledge and practice deal analysis.

I have been struggling with focusing my market research to one locale. My current RE market of Portland, OR is insane right now for my specific goals of entry level SFR or MFR yielding cash flow. There are two to three markets I am interested in that I have some small relationships within that I could utilize, my hometown, my wife's hometown or a place I visit often for work.

My questions concern the opportunity cost of learning the ins and outs of 3 different markets when the requirements of truly knowing the market increase the chances of success.

Do I select one based on distance, the potential to cash flow or appreciate, or one that I may have more connections in?

Thanks for any suggestions.