All Forum Posts by: Jay Styles

Hello guys,

I'm having a hard time deciding if I should invest in an expensive LA market or look towards out of state as a first time investor. After some research, I'm considering markets that are #1 Landlord friendly and #2 would only cost me no more than 200.00 bucks round trip when flying in. Wyoming and Idaho are two markets that meet this criteria, however I'm also considering Colorado and Nevada although they're tenant friendly markets. My #1 goal right now is to generate a good amount of cash flow and to sit on properties as they appreciate over time. I have about 15,000 saved and would love to hear your advice or scenario's on what you would do under the current situation.

Thank you all in advance for your time!!

@Jon Schwartz Oh ok I see. I really appreciate the information as this will come in handy!!

@Christopher Mitchell Hey Chris, welcome to Los Angeles! I'm also new to the industry and soaking up as much knowledge as I can before I purchase a property to generate cash flow so unfortunately I'm not the one to give you any advice. But, good luck on on your journey man and thanks for your service! @Jon Schwartz Hey Jon, you gave Chris some great advice and wanted to ask you how do you pull that Census data, if I may ask?

@Ethan Garrett These are great questions man. We're actually in the same position with getting started with wholesaling and hopefully others would chime in and try to answer some of your questions. Good luck on your journey!

Jay

@Michael Berger Sounds good, and no...thank you! Talk to you soon!

@Michael Berger Hey Michael, thanks for dropping in on this forum. It's always a pleasure meeting other real estate investors in Los Angeles. I'm new to BP as well as new to the investor side of real estate. I just interviewed an agent and ask him if he has access to off market listings, so I'll definitely put you on my contact list.

@Jonathan Taylor Hey Jonathan, thanks for the tip. I have that at number one on my list.

@Kyle Wells Hey Kyle, thanks for the information. I just read an article today that mentioned asking realtors about cap rates, cash return, ROI.

@Marc Desrosiers Hi Marc, thanks for responding. I'm looking at starting with single family homes for positive cash flow.  Thanks for providing me with your strategy. 

@Jonathan Styer Thanks for providing that nugget of information. I'll look into this further. I appreciate your help.