All Forum Posts by: Kais Rona

@Barbie Melendez thank you that is reassuring! This process can be overwhelming, especially when you have no business background and all you’ve focused on for 10+ years is a single subject (i.e. medicine in my case)

@Nate Sanow thank you for the words of encouragement! Appreciate the advice.

@Guy Gimenez  I am looking for long-term rental property to build passive income. I understand and don't expect to score big on my first investment but I also don't want to make a bad decision and allow that to deter me from pursuing investment real estate further. At this point I'm learning how to analyze properties using 1% rule, neighborhood grading, etc. I'm not a very risky person in general but just afraid I might stay in the analysis phase for way too long. I appreciate the advice!

@Aaron W. Thank you for your response. My goal is to create cash flow through long-term investments. I do not want to be dependent on my practice as a physician and would like to create some passive income. I am really interested in BRRRRing the future but at this point I just want to purchase a rental property with positive cash flow (at least $200/month) that will not require too much rehab. 

Hey guys, I have been watching the BP youtube videos and have been totally inspired to invest in rental property. I am a physician in Southern California with about 400k in educational loans to repay although I have some capital to invest. I can't afford the real estate in my area and have been more interested in long distance real estate. The first step is to choose a location and I'm having a lot of trouble with that. I'm not sure if it's analysis paralysis or I'm just being indecisive. I'm thinking I want my first investment property to be relatively close to California (i.e Arizona, Nevada, maybe even Texas) but I also want my first property to be a 3Bed2bath, less than 200k, and in a state that is land-lord friendly. On the other hand, I keep reading that the midwest is good for renal property investing so I'm just not sure. I'm hoping that someone can help with some direction (i.e. potential cities to look into) or advice. Would be much appreciated.