All Forum Posts by: Michael S.

@James Pettinelli sure no problem. I've sent you a connection request. Let's touch base.

Please RSVP Here (Meetup Link): https://www.meetup.com/BAYOSI/...

Let's meet at Big Al's in Milpitas. We'll spring for a round of Appetizers. This will a social and networking event. We're looking forward to seeing all our returning members again. We'd also like to see some new people as well. We're looking forward to seeing everyone!

We'll be at the "bar" tables toward the back.

Please RSVP here: https://www.meetup.com/BAYOSI/events/263198897. 

We will be stepping through how to analyze markets and going through 2 real example markets. How to use this knowledge to insure your market aligns with your goals and strategies.

It was great meeting everyone today. We really enjoyed ourselves. Great group of folks in attendance with tremendous experience, energy, and curiosity. A diverse mix of experience as well. We’ll get the date and venue locked in for next month as soon as possible. We look forward to seeing everyone again soon!

We’re looking forward to meeting everyone attending the event on 7/13. For our experienced OOS Investors, what market(s) are you investing in? For our newbie OOS Investors, what are your main challenges or obstacles to getting started?

@Marian Henares Ohio being and terrible place to invest is an oversimplified hasty generalization. There's too much evidence to the contrary. Many investors are making serious profits by investing in Ohio. Many different strategies work for these investors. We invest in Toledo and we're OOS in Cali. Over the last few years, we've refined our approach to effectively take what the market gives us as aligned with our goals and circumstances; OOS, decent W2s, time obligations, family, etc. What we've learned over time is, we don't feel the return is worth the effort trying to BRRR from a distance. We're focused on our criteria and transaction execution that simplifies the efforts and processes to generate us cash flow. We're in it for cash flow. To me there are too many moving parts and risk factors to attempt a BRRR from OOS. I suggest really dialing in your goals and desired outcomes. Then study a few markets and narrow it down. At the end of the day, it will come down to your team on the ground. The people matter most in this equation. Investing in any market has the potential to be a disastrous failure. The point is to mitigate the risks through education and leveraging the experience and connections of others. There will be plenty of people along the way to tell you why not to do something. Align with people to help guide you to do something right or better. There are people killing it in Ohio. How are they doing it? There are also people flaming out in Ohio. How do you learn from their mistakes?

@Brian Garlington we're looking forward to meeting you!

Please RSVP Here (Meetup Link): http://meetu.ps/e/GRtDN/KF8xh/f

Let's meet at Big Al's in Milpitas. We'll spring for a round of Appetizers. This will be an introductory networking meet and greet. Let's get connected in person and start building our relationships and connections. Of course, we'll discuss our OOS investments with anyone who'll listen!

We'll be at the "bar" tables toward the back. Will place distinctive BAYOSI signs on tabletops.

@Account Closed We’re Out of State investors from San Jose CA. We’ve done several deals in Toledo over the last couple years now. There are plenty of opportunities in Toledo. Success or failure there will certainly depend on your ground game. Without the right team, it can potentially be a nightmare scenario. That said, buying right will also be of critical importance. Being at a distance, and from my experiences there, you’d need to take a very critical look at your strategy and criteria. Focus will accelerate your success. Build the right team, and buy right. Simple right? Feel free you reach out if I can be of help.

@Shanae Swaby $15k can be a good starting point. If I was starting out in Toledo OH, I'd focus my efforts on SFRs in 43612 and 43613 zip codes. Mutifamilies come with a bit more complexity and potentially "unexpected" bills. SFRs are more straightforward. In the zip codes I mentioned you can find decent properties for $50k list that rent for $800 a month. Your expenses would be: Principal, Interest, Insurance, Taxes, Repairs/Maint and Reserves. Multis you likely also have Water/Trash, Gas, Snow Removal, Landscaping, Pest Control, etc... From my experience in Toledo an 3/1 SFR in the right neighborhood is the way to go. The D Neighborhoods there aren't for the faint of heart. Sure, there's money to be made. I would focus on the more stable less risky properties to start. We also prefer Section 8 tenants.