All Forum Posts by: Fabio Selmi

Welcome to America. I have worked a lot with foreign nationals and it can be easy way to structure future financing since there are programs that don't require USA credit.

Let's connect

Sending a request now.

0 Votes

Quote from @Joshua Perea Molina:

Quote from @Fabio Selmi:

Hey everyone!

I've been lurking around BP, soaking up everything from books to podcasts for a few months. Now, it's time to finally take the leap and write my first post.

A bit of a background: two years back, I moved from Italy to Irvine, CA, to help a friend with his business. Now, it's time for me to close that chapter and find my next step. Now, I'm eyeing real estate. It's new territory for me, but I think it would be a very interesting endeavor, even though my savings are kinda tight. Thinking of kicking things off with house hacking and maybe trying to work as a property manager or something similar to stay close to the industry.

My wife and I went through a wonderful exercise–thanks to @Bruce Woodruff for the invaluable guidance–to define what's important to us, our values, goals and dreams. Then, my wife and I picked out 10 places in the US where we think we could enjoy living. It's still a work in progress and we need to research the areas in depth, but I thought I'd share them with you all.

We're after places where a newbie like me can get started, especially through house hacking. We're also looking for a friendly community, a decent lifestyle, and chances to grow professionally in real estate.

Check out our list—and yes, I know it's pretty varied!

- San Antonio, TX
- Austin, TX
- Knoxville, TN
- Eugene, OR
- Phoenix, AZ
- Tucson, AZ
- Denver, CO
- Colorado Springs, CO
- Salt Lake City, UT
- Lexington, KY

Got any insights or advice on these spots? If you invest or live in any of them, I'd really appreciate your thoughts.

Thanks a ton in advance. This community's insights are very precious to me.

Frugal Fabio
New to US Real Estate

Welcome Fabio!, To be 100% honest with you i am only familiar with the San Antonio Market but i work for an investment brokerage handling many real estate investor portfolios and it would be great to connect and discuss your strategy, i also have a free network to see our off market properties !!!. Feel Free to reach out

Thanks Joshua, reaching out now :)

0 Votes

Quote from @Wale Lawal:

@Fabio Selmi

Hello and welcome to the exciting world of real estate investing! It's great that you've done some introspective work with your wife to define your values and goals. Here are some insights into the two cities I know, considering their potential for house hacking, community, lifestyle, and professional growth in real estate:

San Antonio, Texas: San Antonio's real estate market is varied and offers a range of property kinds. Comparatively speaking to other large American cities, the cost of living is cheaper.
The city provides a wide range of communities that may accommodate various tastes as well as a rich cultural experience.

Austin, Texas: Young professionals are increasingly choosing Austin as their destination because of its robust employment market and lively culture.
Although there are many prospects for both conventional and innovative financing solutions, the real estate market may be competitive.

Before making a decision, consider visiting these areas, exploring the local real estate market, and connecting with local investors and real estate professionals. Each city has its unique charm and challenges, so finding the right fit for your lifestyle and real estate goals is crucial. Best of luck with your exciting journey into real estate investing!

Thank you for sharing your knowledge, Wale. Much appreciated.

I think San Antonio will be in our short list for sure.

1 Vote

Quote from @James Carlson:

San Antonio, TX -- Too hot

Austin, TX -- Too hot

Knoxville, TN -- Too boring

Eugene, OR -- Too small

Phoenix, AZ -- Too hot

Tucson, AZ -- Too hot

Denver, CO -- Just right! But maybe too big if you want a sense of community

Colorado Springs, CO -- Ding ding!!

Salt Lake City, UT -- Too polluted

Lexington, KY -- Too Kentuckyish

Am I kidding about some of these places? Yes. Am I totally bias toward where I live? Uh huh. I don't care, prove me wrong!

James, you cracked me up! When you say “too hot” are you talking of the weather or the housing market? lol

Here are my two doubts about Colorado Spings:
1. Median house price is already pretty high, which could slow me down considerably especially at the beginning of my journey. Yes, rent is okay, but the housing market seems to have spiked a little too crazily lately (I saw it’s cooling down as of now).
2. I read the state is becoming progressively tenant friendly.

How do you feel about these two topics?

- Fabio

1 Vote

Quote from @Mike Grudzien:

Quote from @Fabio Selmi:

Hey everyone!

I've been lurking around BP, soaking up everything from books to podcasts for a few months. Now, it's time to finally take the leap and write my first post.

Check out our list—and yes, I know it's pretty varied!

- San Antonio, TX
- Austin, TX
- Knoxville, TN
- Eugene, OR
- Phoenix, AZ
- Tucson, AZ
- Denver, CO
- Colorado Springs, CO
- Salt Lake City, UT
- Lexington, KY

Got any insights or advice on these spots? If you invest or live in any of them, I'd really appreciate your thoughts.

Thanks a ton in advance. This community's insights are very precious to me.

Frugal Fabio
New to US Real Estate

Fabio,

I'm an investor, private money lender, member of the Oregon Real Estate Investors Association and on the Board of Directors of The Rental Owners Association of Oregon. Moved to Eugene, OR. 28 years ago from Chicago. Happy to help, advise and connect you with people if you want to check out Eugene. Great place, great people and the beautiful outdoors (from ocean to mountains).
All the best in your efforts,

Mike

My wife is in love with Oregon, she lived in Bend for a while.

We’ll connect.

I know many people are moving from Cali to OR and I am worried that it’ll become a hot market without the job/economic growth that California experienced. After having experienced the California lifestyle–which I am not a fan of, in case it wasn’t clear–I am wary of approaching market at risk of “Californication”.

Just to be clear, this concept is valid for other places on the list. But yeah–I struggle with that.

Also, I feel it would be a strong tenant-friendly state. What are your thoughts on this?

Thank you for your reply!

1 Vote

Quote from @James Wilcox:

Quote from @Fabio Selmi:

Hey everyone!

I've been lurking around BP, soaking up everything from books to podcasts for a few months. Now, it's time to finally take the leap and write my first post.

Check out our list—and yes, I know it's pretty varied!

- San Antonio, TX
- Austin, TX
- Knoxville, TN
- Eugene, OR
- Phoenix, AZ
- Tucson, AZ
- Denver, CO
- Colorado Springs, CO
- Salt Lake City, UT
- Lexington, KY

Got any insights or advice on these spots? If you invest or live in any of them, I'd really appreciate your thoughts.

Thanks a ton in advance. This community's insights are very precious to me.

Frugal Fabio
New to US Real Estate

Hey @Fabio Selmi I kind of the BP KY guy, particularly Lexington. As a proud Lexingtonian, I'm happy to offer insights into what I consider one of the finest cities in the country. While I can't speak to the others on your list, I am an agent with a focus on investment properties if you need help in that department.

Thanks James! I’ll reach out in DM to chat, but for the sake of other people maybe reading this in the future, what are the top 3 reasons why you think Lexington is the best choice–knowing that the fourth is that you are from there! :)

0 Votes

Hey everyone!

I've been lurking around BP, soaking up everything from books to podcasts for a few months. Now, it's time to finally take the leap and write my first post.

Check out our list—and yes, I know it's pretty varied!

- San Antonio, TX
- Austin, TX
- Knoxville, TN
- Eugene, OR
- Phoenix, AZ
- Tucson, AZ
- Denver, CO
- Colorado Springs, CO
- Salt Lake City, UT
- Lexington, KY

Got any insights or advice on these spots? If you invest or live in any of them, I'd really appreciate your thoughts.

Thanks a ton in advance. This community's insights are very precious to me.

Frugal Fabio
New to US Real Estate

3 Votes

Quote from @Bruce Woodruff:

Welcome. If your move to IL is not written in stone yet, you might want to consider a less expensive (and more LL friendly) state..... Just a thought.

Bruce, thank you for your message. I'll reach out cause I'd definitely want to discuss this. Watch out for a DM. :)

0 Votes

Orange County, California

Quote from @Emmanuel Johnson:

Welcome man!

Thank you, Emmanuel! So random that you have a picture with the Duomo di Milano. I lived in Milan for more than 6 years before moving here. Did you like the city?

0 Votes

Orange County, California

Quote from @Steve Vaughan:

Welcome @Fabio Selmi ! Glad to have you 👍

Thank you, Steve! So excited to be here :)

1 Vote

Orange County, California

All Forum Posts by: Fabio Selmi

Fabio Selmi has started 5 posts and replied 21 times.

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Newcomer to the US Seeks New Start in Another State

Post: Ready to switch from thinker to doer

Post: Ready to switch from thinker to doer

Post: Ready to switch from thinker to doer