All Forum Posts by: Antoine Martel

I only do out-of-state investing I don't invest my local market. I love out-of-state investing in it allows me to diversify into multiple markets. Kansas City and Indianapolis are both great markets Indianapolis is getting a little harder to find great projects right now and I'm not sure about Kansas City. The key to out-of-state investing is finding a great team on the ground. This will take most of your time and it would be best if you can go and visit the projects in the neighborhoods and the boots on the ground before you invest.

While it's great that you have 150 grand in the bank you have to figure out how much work you want to do to grow that money and what rate of return would help your lifestyle. For example if you were just looking for some passive income right now so that you can eventually quit your job I would recommend buying turnkey rental properties or by multi family properties that are rented up. In terms of location I would definitely invest out of state with that amount of money. You can do a lot more out of state with 150 grand then you can do here and the returns out of state are way better. Of course you have to do a lot more due diligence in terms of the team in the boots on the ground that you have but I believe that with a little bit of work in finding the right team you can make way better returns than a property here in Los Angeles. I live in Los Angeles and invest solely out of state. I'd love to connect we're always looking for investors to come and work with us on our projects. We would love to include you just shoot me a message and we can meet up.

I think that right now the real estate market in California is very close to its peak I believe that the market will go a little bit bigger for the next year or so but then I am anticipating a crash. All the wholesale deals and rehab deals in California that we found are very hard to come by and it's getting very very competitive. Real estate is also becoming a very popular investment strategy. It seems like right now everybody and their mom is doing real estate. For about a year we try to do some rehab projects in Los Angeles and every project that we bid on got way over bid and there is a lot of competition to where the only way to make any money was to buy the property all cash and pay for everything and all cash. But we don't have that kind of funds right now hopefully when the market crashes we will be able to do this.

We always get permits on all of our construction projects. Some minor things you don't need permits for of course but your contractor if they're licensed and insured should know what needs to be permitted or not.

Very good idea. Congrats on the move and I hope that it all works out for you. Keep me posted as I am investing in Ohio as well.

Jaron,

Those numbers look great and it seems like you have found a great property. House hacking is a great way to get started and many investors get their feet wet with house hacking. Just make sure that you run numbers on the property based on the assumption that you are not occupying one unit. Then what does the analysis look like in that scenario?

Sambit,

While I have been investing for a few years, I do not think I am the right person to be a mentor at this point. However, I would love to connect with you and follow you on your investment journey.

@Account Closed How is it going with your investments in Philly?

There are two way to do wholesaling, one is to assign a contract, the other is the double close.

If you are to assign a contract then you do not need to deal with title company, you just assign your purchase and sale contract to someone else.

If you want to do a double close then you have to deal with title and escrow company to close on the property, then immediately after you close you sign another contract with another investor. 

Many videos on youtube can explain this for you.

You're going to have to find some comps and figure out what the property will appraise for.