All Forum Posts by: Kiran R.

Congratulations @DvsPatel !! Wish you more success and looking forward to hear more successful deals form you

-Kiran

@Johnson H.  @Jay Y.  Thank you for setting this up. I will be there. Let me know if I can help with anything

Thank you @Jay Y.  for putting this together.

It was a really nice meeting and learning your experiences. Looking forward to more of these.

Thank you all, this has been good and helpful discussion. I have been looking into Student housing in/near College towns. and in these towns most of the properties are rentals owned by small/mid sized investors and parents.

Any one with experiences in the college towns, From my little research I see that the cons are - frequent turn over, and younger tenants might be irresponsible, so more maintainance.

Thanks @Account Closed

I think you are right about the hedge fund activity. Are there any signs the hedge funds pulling off form the markets(more inventory, lower prices anything else), that might be a good chance to grab more properties.

Hi

I have been researching on which markets I should go after for my Buy and Hold Investments. Some of my criteria have been Jobs/Economy/Diverse industries, population growth.

As I narrow down to few cities/markets, I am learning that in some markets/neighborhoods the rentals to owner occupied is more than 50%, which is a strong indicator that its a good market for investors. Memphis, Atlanta, Dallas, Indianapolis, Las Vegas, Cleveland are few examples, where I think there is a large investor activity.

I have a couple of concerns buying in a neighborhood which has more investors than owners.

1. Since there are many rentals available, there will be pressure to lower rents to attract tenants, to keep the low vacancy rates.
2. My second bigger concern is, home prices heavily dependent on when investors(hedge funds/mid sized investment firms) decide to sell of their portfolio in the neoighborhoods, increasing the inventory, and having a downward pressure on the prices

I feel #1 is more likely to occur, and I am sure some of the BP members may have experienced or know some places where that has happened.

But for #2, I am curious to know if its just a stretch of imagination, or is just as likely as #1, and any markets/neighborhoods you have seen in the past

Looking forward to your opinions, thoughts and experiences !!

Congrats @Zachary Lowe !! Love your goals

Congrats @Jessica G. !!

Welcome @Vinod S. Wish you all the best for hitting your goal !!

Not sure if I am qualified to guide thru the next steps, but if I were you I would do the following

1. Connect with other investors, mentors both on Bigger pockets and in your area.

2. Break your bigger goal into bite sized goals. Come up with a plan on what it takes to achieve the goal. Need not be very detailed. Lets say your goal is to have passive income of 5K per month, break that into smaller bites - add 1K of income every year, so you reach your goal in 5 years.

3. If you haven't already picked your market, (the city you live in, or some city with in your state, or out of state) do your research and zero in the city, neighborhoods etc

@Mussa Kiroga Welcome, and seem like we both have a lot in common. I am also looking for investment opportunities in the Bay area, as well as Central Valley but I am also pursuing out of state.

As you said its hard to find a SFR or MF in the San Jose area with the 2% rule. But the appreciation potential of the property makes up for lesser cashflow. Would love to catchup with you !!

@Brian P. I think the $150 mentioned was for website/biz cards etc.