All Forum Posts by: Kiera Underwood

I'd say most of the investors I work with are from SoCal or the Bay Area but they're investing out of state. In my market, you're looking at 60-150k properties that are performing at 5-8% cap rates. Low taxes, landlord-friendly. For a newer investor, it's a more approachable step then you're backyard if you're in CA! All of that said I do know a lot of CA based investors is there something they can help you with?

@Michael King Hey there! I'm curious if you're committed to investing in FL or if you have interest in looking in more affordable markets. I say that because the market I'm most familiar with has performing properties for 60-100k, with 20% down you could be in a great place with reserves on a 60k property! 

@Monique Pett I'm curious what market you live in? In OKC you may be able to get away with a lower end buy and hold with just 13k but it would take some hunting. I'm wondering if house hacking may be the best bet for you? 

@Jessica Ponder I am also in OKC! My specialty is investing here so if you ever want to discuss that I'm happy to talk. It sounds like you're most interested in investing in Spain though? I'm curious if you own your house in OKC and could make that a rental, but we could get into those details later! 

@Jacob Ellsworth an out of state brrr is a big first step. Without connections to the vendors and experienced people in my circle I'd be nervous doing a brrr in my own market and I work in real estate. You need to work closely with someone that can guide you in whatever market you land in. 

@Grace Pierce it may be helpful to look at some provider's reviews in the market you're eyeing and connect with people that have worked with them! I've not worked in Cleveland but I have worked with a lot of out-of-state investors. If you have any questions feel free to ask here!

@Curtis Lipsey I can't speak to investing from out of state to Louisville, but I can speak to investing out of state to Oklahoma City. I've overseen almost 500 transactions with out-of-state investors coming into this market. I help in a way where investors can follow my lead and a lot of the heavy lifting is done for them, but if you're working with a typical real estate agent I'd become proficient in what to factor as far as maintenance, vacancy, taxes and insurance. That way on every property you can plug those things into your calculator quickly, just add purchase price and likely rent rate to get a quick answer as far as return. Is Louisville a long-term buy-and-hold cash-flowing market or more of an appreciation play?

@Hannah Paitchel I've overseen ~450 investment deals over the last couple years in OKC and am happy to overview what it looks like here. If you'd like to jump on a call feel free to connect or I'm happy to type out some highlights! Big picture: low price points, steady low appreciation, easy to cash flow, low taxes, landlord-friendly. Good luck!! 

@Sheetal Patel I've worked with hundreds of new investors and am happy to walk you through what it looks like in my market. I'm hoping that you can develop an understanding of different questions to ask and what things to compare in different markets. My market is different from yours in that it has lower price points and it's more focused on cash flowing today and long term appreciation rather than big exciting jumps in appreciation. We can discuss it all if we talk. Just let me know if you'd like to chat. Exciting that you're working on getting started! 

@Leela Gutta I'd be curious to see what you think of Oklahoma City. Price point is super approachable. You can buy from 60-100k. These are properties that are already performing in C class areas. Taxes are about 1% of the purchase price annually. It's very landlord-friendly.