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All Forum Posts by: Keivan Cross

Keivan Cross has started 11 posts and replied 36 times.

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19
Quote from @Drew Sygit:

@Keivan Cross

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

https://www.biggerpockets.com/...
(BP search feature can be problematic, so we’ve also added links @ our website under View Cities & Neighborhoods We Service)

Please send us any feedback via email, as we do not use the DM feature here.

 @Drew Sygit thank you for this information. I will check out the link!

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19
Quote from @Brett Goldsmith:
Quote from @Keivan Cross:

@Olivia Radziszewski I am open to any market that makes sense. I am from Los Angeles and a first time homebuyer. I am looking for out of state property that will produce a minimum of 10% COC return in an area of that wil appreciate. Again, I am new on this journey and will do a deal in a state that makes sense.


If you are looking for cash flow and appreciation, probably need to buy in a more coastal state. May want to look into a duplex or triplex. Many times you sacrifice appreciation for cash flow from my experience in many states. This is why it's important to buy an asset at a discount or that is being utilized below it's highest and best use. This way  you walk into equity and can force appreciation. 

 Thank you for this information @Brett Goldsmith

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19
Quote from @John Warren:

@Keivan Cross I would start with where you live. Your local, boots on the ground, advantage is so strong, and investors overlook this all the time. If you have to look at an out of state market, then I would pick a larger market so you have options in terms of who you work with. In smaller tertiary markets, there may not be a ton of property managers, agents, or contractors. 

@John Warren we have been looking but the Los Angeles market is tough here. Any other suggestions?  

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19
Quote from @Eliott Elias:

Austin Texas 

@

My fiancé and I were considering Texas because we have family there. What are some good zip codes? Would like to connect if possible. 

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19

@Olivia Radziszewski I am open to any market that makes sense. I am from Los Angeles and a first time homebuyer. I am looking for out of state property that will produce a minimum of 10% COC return in an area of that wil appreciate. Again, I am new on this journey and will do a deal in a state that makes sense.

Post: Out of State Investing

Keivan CrossPosted
  • Rental Property Investor
  • Los Angeles
  • Posts 37
  • Votes 19

What are some good up and coming markets to invest in? How do you analyze to determine if the area/zip code is a good area to invest in?