All Forum Posts by: Maureen McCann

Hi Martin. I live in SD too and I have been investing in real estate for 16 years. I'd love to connect with you to help you along your real estate journey. Since you are in my backyard it would be cool to meet up in person.  I have a lot of RE knowledge to share and I am happy to share it with you. I remember the kindness of others who helped me when I first started and I believe in paying it forward.  

Feel free to connect with me anytime. 

Cheers!

Hi Erik! 

I can help with understanding and knowing which markets to consider in the SE USA. I have 16 years of experience in investing in real estate in the SE. If you are looking for a turnkey property (meaning one that has already been rehabbed, rented and managed by the same company that sold you the property) then I can help you with your quest for providers in specific markets. 

Feel free to reach out.  Cheers!

Maria...Congratulations on closing on your first investment property! Wow, girl...you soaked up the information and took quick action. BRAVO!!  Investment real estate is such a great way to build long-term wealth.  New BTR properties are exceptional and perform very well.  The new builds tend to attract better-quality residents.  They tend to stay longer and take better care of the property. 

I'd love to see your follow-up message in 60 days. 

I have been in investing real estate for the last 16 years both as an investor and as an operator.  I love helping women create wealth in real estate. Keep up the great work! Cheers!

Hi Matthew...Congrats on acquiring your first rental property! You are now in the game. I have some great connections for you in Huntsville, AL. Building the right team is important. I can help with contractors, agents, PM Co etc..

Feel free to reach out. Cheers!

Hi Bonnie...It is nice to see a fellow female investor on BP! Starting on your own (despite your extensive experience with your family rentals) can be an overwhelming task.  If you are looking for some coaching on how to go about investing on your own then I have a couple of companies I can recommend based on your desire to grow your RE investing knowledge.  I am happy to make the connections to help you along your real estate journey. Feel free to connect with me and I will give you the intel you need. Cheers to your Investing Career!

Hi Amy...Have you considered investing out of state? Instead of investing $500K in one property in CA, you could leverage your capital into many SFRs outside of the state. There are companies offering interest rates sub 6% for a 30-year fixed mortgage with only a 20% down payment required. 

Think of it this way...real estate pays the investor through 5 channels: appreciation, cash flow, amortization, depreciation, and inflation profiting. The overall year-over-year rate of return on 1 rental property in CA vs owning 11 rental properties outside of the state will produce a higher overall yield for you.  This is because you will earn the 5 ways on 11 properties outside of CA vs earning the 5 ways on just 1 rental property within CA.  If you are interested in learning more, then just ping me back.  Cheers!

Welcome to BP Nestor and congratulations on finding this valuable site along with identifying real estate as your long-term wealth builder!  You are going in the right direction.  I have 16 years of investing experience and have been involved in over 5K real estate transactions.  There are some good meet up groups in LA. I am in San Diego and know of a few of them. I would be happy to make the introduction to a good group led by my good friend Lloyd Segal. Feel free to message me and I will make the intro. 

Investing out of state can be done easily as long as you align yourself with the right company. I can help you with some recommendations too.  Cheers! 

Hi Lucy https://www.biggerpockets.com/users/lucyy17

Welcome to BP and Congrats on finding your way to investment real estate!  With 16 years of experience with investment real estate and involved in over 5K + transactions, I can tell you that you can still get a conventional loan with 1099 income. You will need 2 years of tax returns showing consistent income. The lender is looking to ensure you have a way to repay the money they want to lend to you. All you need to do is show them your income and it doesn't always have to be with a W2. While it is true the lender feels warm and fuzzy with the consistent income of a W2, there are other ways to secure conventional financing as long as you can show a track record of consistent income.  

Additionally, there is an outstanding investment group in your backyard. I am happy to introduce you to SeeWing Yee. He runs a RE Investment group in the San Jose area. He is exceptional at what he does. Happy to leverage my network to help you along your real estate journey.  Cheers!

Hi Brandon!  Congrats on finding your way to BP and to the real estate investing world! You are looking in the right direction if you are wanting to build long-term wealth for yourself.  There is a lot of good info on this thread shared by other BP members.   I determined from your initial post that you are looking to invest in a property vs buying one, rehabbing it and then renting it out yourself.  There are a handful of turnkey companies that do all of this heavy lifting for you and present you with a fully renovated and rented property. If this is the route you are looking to take then let me know as I can help direct you to the reputable providers.  Ryan Porter made some good points about the South East markets offering what you are looking for. Feel free to connect as I love helping new investors learn more about investing in real estate. Cheers!

Amen brother! I, too, have been on the poor side and the rich side.  Real estate isn't always pretty but 80 years of home price appreciation data in the US does not lie.  Real wealth is built through doing 3 things consistently IMO...Invest in assets that appreciate in value, generate monthly cash flow and reduce your tax liability.  RE does all 3 and then some. :)