All Forum Posts by: Kent Fang ching

Thanks Kerry! From what I understand, Indianapolis has good good growth potential and seems to be heading in the right direction. It’s also been on investors’ radars for a while, still plenty of opportunity? What area code should I look for in my budget and best area possible for that budget? Best area meaning hopefully at least a B neighborhood. Bring out of state, I’d rather not deal with neighborhoods with too much crime and problematic tenants. Any input is greatly appreciated, thanks!

0 Votes

San Diego, California

Quote from @Taz Zettergren:

@Kent Fang ching I work with a couple hundred clients that live in California and they're doing the same thing. They prefer the middle/southern part of the country because the laws are friendly and prices are more affordable. Markets like Memphis TN, Little Rock AR, Tulsa or OKC, OK. You'll be right around that median priced home where the most demand will be, not only for rentals but for owner occupants looking to purchase as well.

Thanks for the input Taz! I did look into Memphis a little bit, prices seem like I can work with my budget. Don’t know much about Memphis as a city itself though, I just know crime was a problem back in the day, is that still the case or is the city getting cleaned up and growing? Don’t know much at all about Little Rock or Tulsa and OKC, any input on those? Thanks for your help!

0 Votes

San Diego, California

Quote from @Bruce Lynn:

@Kent Fang ching Those numbers are pretty aggressive for DFW-Dallas area in my opinion. In the past year or two we see lots of rentals and investors and rent prices have not kept up with home price increases. I think that will change in six-12 months when the apartment building boom slows significantly. Then hopefully we have a 3-4-5 year window to increase rates. Plenty of growth still happening.

I think duplex at $180,000 might be pretty tough to find, but maybe single family around the outskirts of the main metroplex.

Thanks Bruce! Yes, out of my mentioned cities, Dallas seems to be a bit of a stretch for my budget. I definitely see some single family homes in the price range but they don’t look like the best neighborhoods. Any insight on Waco or El Paso? I have a pretty good idea of home prices but trying to find out more about growth in these cities, any large corporations moving to the area providing more jobs, etc… thanks for your help!

0 Votes

San Diego, California

Hello BP community! I am looking to get into out of state investing. I live in San Diego, CA and as you all know, it’s a very high entry point here so looking to get into a long term rental elsewhere. I am looking to use all cash, under 200k, preferably under 180k for a single family or a duplex if viable with my budget. I am a small business owner, business is not doing too well right now so that’s why I’m looking at an all cash buy, so I can get a nice cash flow to supplement. Would like to be in a city where I could get potentially $1,500 to 2k in rent. The list of cities that I’ve come up with so far by my own rookie research is the following, but always open to other suggestions from members that have experience else where.
Waco, Dallas, El Paso, TX

Indianapolis, IN

Pittsburg, PA

Looking to connect with locals who can help build a boots on the ground team as well. Thank you guys so much for any help here.

9 Votes

San Diego, California

All Forum Posts by: Kent Fang ching

Kent Fang ching has started 1 posts and replied 4 times.

Post: Guidance on OOS markets to get into

Post: Guidance on OOS markets to get into

Post: Guidance on OOS markets to get into

Post: Guidance on OOS markets to get into