All Forum Posts by: Lee Ripma

@Yee Elias - I was on BP 373 talking about it, have a listen! 
It’s really hard to get started in CA with limited funds, I am a huge fan of going out of state to get going on RE investing. 

 @Aaron P Englert - your story was my story 5 years ago. Now I own 70 rental units in the midwest while still developing and flipping in the LA area. I'm an agent in both CA and KS/MO. I'm a huge fan of investing out of state, changed my life. 

@Andrew McElroy

Love it! Excited to hear where you pick. I personally picked the Kansas City market and am so happy I did. You can be successful in any MSA, just make sure you vet your specific locations within the MSA! 

Checkout vestmap.com! 

@Kari Morales 

Costar has the data so if you know a broker with costar, you can have them look it up. It’s usually different for different unit types and different submarkets. It’s pretty standard to use 5% but it’s good to check. I don’t want to invest in areas or unit types much beyond 5% vacancy rate. Vacancy is a killer. 

https://www.vestmap.com/the-hu...
try DIY, link to article above with a discount code. 

@Alex Shaughnessy - DM me for my KC guy, he’s great. 

@Bronson Simmons

I pull my crime data as part of a DISCERN report on vestmap.com. 

I would add Vestmap.com to the market research and analytics. Know your location before you calculate your cash flow! 

@Danica Moeller

I was in the exact same boat as your starting out in 2017. I recommend doing value add without massive rehab. Checkout my podcast 373 on BP where I talk about it!