All Forum Posts by: Isaiah J Aragon

Hello,

I'm a relatively new ivnestor looking for BRRRRs in Memphis TN &/or Jacksonville, FL.

However, I'm also willing to scope out any deals from wholesalers in other areas throughout the South and Mid-West regions of the US as well.

HMU

Hello,

I'm an investor from California and am in need of a wholesaler for San Antonio, TX. If you are or know anyone that is, please feel to message me.

Thank you.

Isaiah A.

@Matthew Charde

Reach out to agents maybe 🤔

@Derrick E.

Kentucky

Iowa

Louisiana

Nebraska

Sorry peeps…got the abbreviated wrong

@Jason Simon

I would scratch that one man. Nothing less that the stock market return is usually a good benchmark. Unless the COC return can come out to at least 10% I think it might be better to just move onto another one.

Keep it up though man!

Yo BP’s Community,

I’m from Cali and looking to invest out of state. Would like to connect with others that want to get together once a week (on Sunday or Saturday) and run through some deals and collaborate on market analysis and other relating Real Estate topics and news. I’m a first time investor and looking for residential properties.

Message me what areas you’re looking into and what your goals are if interested.

Willing to put together a zoom invite every week.

@Clay Boykin

I don’t exclude any disaster areas but I guess just helps with filtering to find “the perfect states to look into” (which Isn’t necessarily the way to go about after what I’m seeing in the forum. Why do you say not to rely on Zillow?

(Listings from agents preferred in your opinion?)

The 20 states are FL, AL, IN, KT, IO, OK, AK, OH, LS, KS, MI, WV, TN, NB, GA, TX, WY. And just general rent control.

Idk man. Just trying to weed it down make it simpler. 🤷🏽‍♂️ I think at this point I’m going to pick a handful of those states based on the various things others are saying in this forum and areas that I like or have an edge in and just start running deals.

Gotta make it over the analysis paralysis but once I do I can figure out the core four, running deals and other stuff.

@Greg H.

Being from California and looking to

Invest somewhere out of state. What sort of things would you look at to help narrow it down to a few markets?

Hello BP Community,

I wanted to ask everyone how they conduct market research, what you're processes are, and how you go about filtering all 50 states, to exclude states from your research and how you choose states(cities) or areas of interest to take a deep dive in.

Ex. The way I've narrowed it down is by:

• Gathering data from all 50 states (population growth, median income, crime, price-to-rent, etc.)
• Filter out states that have rent laws
• Filter out blue states (not because of political beliefs but from my understanding they have less rules and regulation and I believe that in the current climate we're in with COVID and all people are going to flock to areas that don't have as much regulation)
• Highlight states that people retire in more than others
• Because of short-term rental becoming a trending way to invest, filter out states that impose regulation/rules against short-term rentals using platforms like Air BNB, etc.
• Also, using ZILLOW, I type in my parameters (homes under $125,000, sqft. > 1000, 2bd+/1bth+, made 1950+) and I see where there's more volume in specific states (like Texas or Ohio for example); with this parameter I can exclude quiet a few states because I dont see any hardly volume on Zillow given my parameters above. 
• Take natural disasters into account (more hesitant to invest in areas were theres lots of hurricanes, tornados, fires, etc.)
• CURRENTLY, i've weeded it down to about 20 states 

Im curious to know how others conduct their research to build strong bias for a specific market. (Basically, if someone asks you why you choose this state to invest in out of state, there's more to it than "Its a HOT market, blah blah blah.")

Please feel free to reach out an message me or comment. 

Isaiah A.

Peoples,

I've seen nothing but success, insane appreciation, great cash flow everywhere, but will these trends sustain itself everywhere in the metropolitan areas over the next 1-3 years? Now, just because you may be doing well and be biased for your area and investment properties, I'm interested to play devils advocate and hear why these factors may not sustain themselves and why they could. (Across hot areas such as Idaho, Ohio, Texas, NC/SC, etc.)

Please provide any links, evidence, or references to any of these areas as im interested in delving into this more.