All Forum Posts by: Josh Oaten

@Samuel Hunker

Why aren't you looking a Phoenix? Phoenix has seen 7% rent increases, is seeing extremely strong job growth with many large companies building all over the city, and population growth is great. There are suburbs out in the West Valley like Glendale and Peoria that have the type of thing you are looking for and is only a 2 hr drive away.

@Christine Krizenesky

Are you looking at single family homes or multifamily?

@William Rankins

I am not from the area but I would look up and reach out a guy named @Keivan Darius on BiggerPockets. Keivan is an active investor from Marietta,GA and may know of someone. Tell him I sent you in his direction.

Hope this helps!

@John Michael Rico

@Omar Khan is an active investor in Jacksonville Florida. He deals in large multifamily (100+ units) but may be able to give you some insight into areas he is finding attractive. Maybe reach out to him, but it will all depend on your investment criteria and what you are trying to achieve, so have that prepared!

@Carlos Arjona

As @Todd Dexheimer has said, its all about your criteria! I don't need to repeat it because he has set it out for you. Create a spreadsheet or a checklist and just go through the property and tick off all your criteria. If it fails throw it out and move on.

@Omar Khan has created a mapping system with google maps to underwrite and cross check your criteria a lot easier. Maybe have a look into this as an option https://www.biggerpockets.com/member-blogs/10776/7...

@Alexander Hunter

Im originally from Australia and am looking into my options in buying property back there. Cities like Sydney and Melbourne are going through major overbuilding and are trending down. Along with this the USD is buying $1.30ish AUD so you are getting an extra 30% buying power with US Dollars

@Alan Eisenberg

This all depends on your criteria and what your trying to accomplish. If your looking to do a value add job you will most likely be looking into B/C neighborhood (middle class, Blue collar). If you are looking for a buy and long term hold then you will want a very strong area with good growth. 

I personally don't like the smaller stuff because I want more units of cash flow and don't want to depend on appreciation (to me thats gambling). 

If you feel more comfortable in a smaller property in a real nice area then go with that, just make sure you underwrite it extremely conservatively. Alternatively you could invest your money as a passive investor. I know some guys investing in 100 unit apartments in FL so DM me if that is an option for you.

Hope this helps! 

@Rick Giles

I would say you don't need one. Its all about building relationships with commercial brokers and being responsive to them when they send you deals. There are tons of commercial real estate investors on here that are dealing with millions of dollars work of real estate and don't have any type of real estate license, they just build relationships with brokers, follow up and pull the trigger when they get a good deal put in front of them.

@William Orrock

Take a look at @David Thompson recent blog post on BiggerPockets https://www.biggerpockets.com/member-blogs/9145/83...

The article is based around multifamily investing but goes into depth about what you should be looking for in quality markets and a couple of cities that Dave believe will be strong throughout 2019 for investors.

Hope this helps!

@David Corboy

From what I have been reading Vegas is experiencing some strong rent growth. Check out this recent post from a guy named Trey Knight. He is also looking into the Vegas market and would be good to connect with https://www.biggerpockets.com/forums/432/topics/67...

Many of the Florida markets, like Phoenix,  have been slow to recovery from the 2008 financial crisis. Due to this, these markets are now showing strong growth in both rents and development. @Omar Khan recently purchased a 138 unit apartment complex in Jacksonville Florida and very active in acquiring property here.