All Forum Posts by: Kokou F.

Welcome to the club William and great posting! 

BP is a great community to be part of if real estate is on anyone's radar, agent and investor alike. Easy to join, but hard to separate from :) Hope you find more success here. I will be reaching out to you.

It is ok to contact a previous property management company to learn more about a property listed for sale that they use to manage?

Thanks for your opinions.

Hi @Lee Ripma I agree there is profit to be made in any market. Every single contribution to my question so far has helped me indirectly in the narrowing down process of which market will be the best for ME :)  

I think I have more to gain, learn and more fun to have along the way if I go the BRRRR way in this beginning than taking the passive approach and let someone else have the fun. Especially since the cash I can start with is limited and tiny, I think I can grow it faster or at least make it work more using BRRRR.

Maybe when I start running into walls I can get in touch for tips since you have already walk the walk :)

@Aaron Winters

@Aaron Winters I have looked a lot at Kansas City and its vicinities and will not turn it down if numbers play out right. As a starter I am indecisive when it looks like many places have potential with varying degrees of distinguishing characters. I am looking to invest in residential 1 - 4 units.

Thanks for chipping in.

Hi everyone!

 @Jeff Schechter

Thanks for your input. My plan is to do Buy/Hold using BRRRR with focus on long term cash flow. But if it makes more sense to start with turnkey in the right market and the numbers are right I am ok with that. Doing Flips are also on my radar since the gap between BRRRR and Flip shouldn't be that wide.

I would like to focus on two different markets where I will target SFH in one an MFH in the other and then Flip whatever makes sense in between the two markets. My challenge so far is where to plant that first seed. I hope with members tipping in their $0.05 :) and by the time this thread goes dead my path will be clearer.

@Sam Shueh

@Sam Shueh I agree with your suggestion. @Jay Bhatt also made similar point earlier: Demography, crime rate, Landlord friendly state, population growth, job growth, flight time from your base to visit the market, weather, Homeowner vs Renters ratio. I have some research to do. :)

@Rick Pozos In theory focusing in my town will be ideal, but in reality I think it is easier said than done in my area if long term cash flow is the goal. At least in this current market condition where it seems the norm is more like "0.5% rule" instead the 1% or 2% rule. However if appreciation or flip is the goal then the San Diego County market can be good. But again I could be totally wrong and just not looking at the right place.

@Mike V. thanks for the response. So do you go see the properties before you buy them? Or you rely on the agent to fill you in on condition and scope of work that may be needed?

@Darson Grantham

Congratulation on the first deal. That must be exciting. I wouldn't mind finding similar deal. Is your property in Des Moines? Was it already rented before you bought it? and did you have to put any money into it for repairs?

I will sent pm and we can talk more.

Thanks

@Shital Thakkar

You are probably closer to that gold mine than I am. I am in San Marcos California :)  I haven't given much thought to that region but I will have to check it out and o my homework.

Thanks for sharing the 2019 RE article. It is pretty loaded with information

@Dan H.

I will send you a PM and we can connect if you don't mind since you are only few miles away.

Thanks for the input.

@ Jay Bhatt

Thank you for the input. My question may have come out wrong, but what I am asking is not so much to be told where to start but to see which market other people, based on their own experience will pick as their top 3 from the list I provided. I expect people will pick different markets for various reasons. So my hope is to take the opinions from various investors to assist me in my choice. So ultimately the market I decide to go in will solely depend on my conclusion taking into account what others have said. 

And definitely I see every single reply to my answer as a source from which I can learn something.

Can you point to the link of your 10 steps list you mentioned. I searched but couldn't find it ...yet...

Hi Mike,

Did you manage the rehab from CA? If so, can you share the steps you took to comfortably handle the project from distance?

Thank you.

Hello BP community,

Kokou here from San Diego CA and I am glad to be part of the BP community. Totally new to real estate investment with zero experience and zero deal under my belt, but I am already a PRO…well…at least so says my BP badge… :) Thank you BP and the community.

I have done lot of research, reading and listening to educate myself on RE investment, yet I am unable to select the right market in which to start my journey. If some of the experienced investors here on BP could help me narrow down these possible markets I have been studying that will be awesome. Of the list below, please suggest in your opinion:

• the top 3 markets for best cash flow for an out of state investor
• top 3 markets to focus on flips or applying the burrr strategy

- El Paso, Texas

- Harrisburg-Carlisle-Lancaster, Pennsylvania

- Atlanta, Georgia

- Des Moines, Iowa

- Kansas City, Missouri

- North West Indiana, Indiana

- Fayetteville-Springdale-Rogers, Arkansas

- Chattanooga, Tennessee / Georgia

- Oklahoma City, Oklahoma

- Jacksonville, Florida

Hope my question makes sense  :)

Thank you all.