All Forum Posts by: Nick Tarantino

Why do you suggest that I get a primary? Is it for the purpose of building equity and dodging rent hikes every year? In order to do this, I may have to move out of Austin, TX. 

Do you think it's bad to rent where I live and invest elsewhere? 

Btw, I really appreciate all the answers I've received on this thread. Thanks, guys! 

Quote from @Eliott Elias:

The best city to invest in is the one you feel most comfortable with. You’re never going have a perfect storm of appreciation and cash flow, or else everyone would be there. 

I'm not looking for the perfect storm, but don't you think there are some cities that stand out more than others? I also live in Austin right now, and this city seems to expensive for me to house-hqck or buy my first rental property.

Thank you to everyone who contributed.

I'm looking to maximize cash flow and house appreciation. This will be my first rental property and I'm really excited about it. With all other factors considered, what do you think?

I have approximately 50k to invest and make about 50k annually.

Please explain the reasons for your answer.

Thanks!

I may be moving to Tampa, FL in 2024.

I have about 100k to invest. My annual income is 50k.

What areas in Florida do you think would be best for me to invest? I would likely start off with a house-hack and then branch out from there. 

Quote from @Jordan Moorhead:

@Nick Tarantino househack where you live and invest where it makes the most sense! My househacks in Austin have made me huge returns which I've invested in better cashflow areas like San Antonio

I received so many great answers. Thank you, guys.

The most common answer I received was to house-hack where I live and then invest where I can get the highest ROI. I left out an important piece of information though which is: my annual income is $50k.

Do your answers remain the same? Do you think it would still be possible for me to house-hack where I live in Austin with this amount of income? 

How should I get started in real estate investing? Should I seek to invest in Florida, Texas, or out of state?

I understand that I would have to hire a property management company. 

I don't know much about this process. How difficult is it, and what exactly is involved? 

I wouldn't be able to get much ROI where I currently live.

I've never heard of hard money loans or the hard money to conventional process.

How would it be possible to use the 100k to put a down payment on 3-4 properties? Are you recommending that I invest in a small town?

In cities like Austin, and Tampa it wouldn't be possible to put a 20% down payment on 3-4 properties. 

I have about 100k in savings. I currently live in Austin, TX, but I may move to Florida in one year. 

Ideally, I would like to have 10% cash flow on each property and the potential for long-term appreciation. 

A real estate investor in a video I watched recommended to buy the first house with an FHA loan, and then use the home equity to take out a loan on another house after two years, and then repeat the process over and over. Do you think this is a good method?

Should I seek to invest in Texas, Florida, or should I invest somewhere far away?

What would you recommend for me to get started? 

Why or why not? 

Thanks for the advice Wale, and Alex.