All Forum Posts by: Jonathan Oh

Assuming you figured out where you want to invest, connect with a lender first. See what you can afford. Depending on what you're trying to do, you may actually be able to purchase sooner than 8-10 months. Once you got that figured out, it'll be much easier for agents to find something that fits not just your budget, but what makes sense for your goals too. Hope this helps!

@Damein White I can't speak about those 2 bootcamps because I never took them. But it my view, you'll learn the most valuable lessons from school of hard knocks. If you have money for a down payment, put your funds towards that. You can also learn a tremendous amount by reading up on the BP forums.

Biggest challenge right now is finding good contractors that worked with investors. My previous contractor was booked out several weeks and had to find a 2nd and that process was incredibly difficult. Another challenge is rising prices.

@Ethan Lahav check out scopeout.io or city-data.com both are free and covers most of what you listed.

@Arman Bagdasaryan@Arman Bagdasaryan Check out scopeout.io. It's free and covers the top metros.

40k is enough for single-family, but will be tough for multi because you'll likely need 25% down. And you gotta account for closing costs, reserves, and any touchups/repairs. But midwest is def your best luck in finding something that will work with that budget. Hope this helps!

@Tony Mayo looking at states is way too broad. You want to look by metro area. For example, Cleveland and Columbus are in same state, but very different markets. If you want a free resource to do you research, check out scopeout.io

Very nice! What work did you do to the property for 8k?

@Dan Brogan Are you investing out of state? BRRRR is a big project and comes with risks. I also don't see how turnkey can be slam dunks because you'll be paying a premium with little cash flow. If you're investing local, you can househack. If OOS, i wouldn't rule out using an agent to buy homes needing cosmetics. Hope this helps.

@Shant Gharibian

Every area has some natural disaster to worry about. But Columbus has a lot of good things going for it. It's got a highly educated population and strong economics. Research more about the macro trends at scopeout. But keep in mind, you can make money in any market. Every market has good and bad areas to invest.