All Forum Posts by: Josh Anderson

Welcome to BP, Josh! My advice would be to start small and do your research. Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments. 

When choosing the right market, it’s important to decide whether you’re focused on cash flow or appreciation. Look for areas with job growth, rising populations, and low vacancy rates. These factors typically indicate strong rental demand and potential for property value increases. If you're looking for affordable options with good cash flow, I’d suggest checking out the Midwest market. Good luck on your journey and feel free to reach out if you ever need any guidance or advice

Hey Josh, welcome to the community. 

My first recommendation is to check out some top rental market lists by googling them. 

Look for population growth and variety in the number of employers in the area. 

Multifamily is good, just make sure you have enough funds to acquire them. Not sure how big you're going but you may need to raise money as well (if it's more than 4 units). 

Have a clear cut buy box: i.e. I'm looking for a 10-20 unit, built after 1960, needs repairs and the unit mix are 1 bed and 2 bed because most people don't rent out 3 bed. Purchase price of about $1.5M with $300k in CAPEX budget to repair and renovate the units. (this is an example).

Of course you can go smaller and the numbers will be smaller or you can bigger as well. I just wrote that to get you thinking. 

Good luck