All Forum Posts by: Ketch Bays

@Jaycee Greene 

I noticed this after I had already posted. I am following this discussion and mistaked it for my own post that I had posted. Sorry my bad.

@Jaron Walling 

Thank you for the response. I'm eager to invest and I hate to put it off forever. I appreciate the input. I'll continue you to read on the forums I've learned so much in the little time I have engaged in the forum.

At the moment I have only been looking at SF and 2-4 MF I would not mind either just making the numbers work is hard. 2-4 MF are hard to find in the Las Cruces market right now but they exist. Also I do plan to live in Las Cruces after college. I have 20-30k right now and I am looking at properties anywhere from 100-350k. I would like turn key properties for my first deal but not opposed to fixing some up and then renting them long term.

@Jonathan Greene 

I have 20-30k on hand rn that I can put into a deal. I have been watching the podcast for a while but just started to like at the website. Is waiting to invest in these better markets after I have learned more about investing?

I do feel like I'm to eager to start and I can see how that might get me in trouble. Thanks for the advice!

@Wale Lawal 

I would like to gain experience but like you said that is my long term goal to get appreciation and build a nice portfolio over time. I just don't want to keep waiting but waiting for nicer property that is B to A neighborhood may be better. Thanks for the advice i appreciate it.

I am 19 yr old and am currently trying to find my first rental property and I am very eager to get started. I have to choose between a much cheaper market that I live in that is much easier to cash flow, but finding good renters could be more difficult. Or do I look into a market like Las Cruces, NM, or Lubbock, TX, as an example of bigger markets I have looked at and am somewhat familiar with? The problem is these bigger markets are almost impossible to cash flow and to make them cash flow; I would need to have very favorable seller financing terms or a lot more money. I can make the down payments in the smaller market on cash-flowing deals, but these bigger markets require 40-70k to make a deal the conventional way, and I just don't have that to invest. I have around 20-30k that I can let go of semi-comfortably and that can be enough in the small market. The small markets won't appreciate much but cash flow well.

I'm not against house hacking in the bigger markets either, but my hometown market seems very profitable cash flow-wise. Should I do these 100-200k deals and just start now or should I save up more money and wait and try to make bigger multifamily deals in these bigger markets later on?