All Forum Posts by: Mike Paolucci

Hello All!!

Starting my investing journey in the next few months but have been a BiggerPockets listener for years now. I'm excited to be here and can't wait to bounce ideas off some like-minded individuals!

Hello BiggerPockets community! I'm Andrew from Denver area. I am excited to get started investing in real estate in out of state Long Term Rentals.

Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.

Excited to learn and connect with you all!

I'm new to investing and wanted to get some advice/perspective on 2 things...

1. For someone new to real estate investing that wants to do long term rentals, do you recommend starting off in an area close to them/an area they're familiar with or someplace that will give them the best return even if it's out of state. 

2. Since this would be my first long term rental property do you recommend starting with a property manager from the beginning or managing the property myself.

I understand that there are pros and cons to all of these scenarios, I'm just looking for various insights. Thank you!

Bit of a crossroads here, I'm hoping someone with a similar situation could chime in. I'm really busy with my w2 job working all the time to fund my investments. I've been buying SFH's out of state all cash as long term hold rentals. A smaller paid off portfolio seemed a lot easier to manage so that is the path I was on.. but I've come to the realization if I ever want to accumulate serious wealth I will have to use leverage and scale big. How are you able to scale big when out of state and super busy? My estimation was with leverage I could do about 7 homes a year and each year after it would increase. Soon I would be doing a home a month+. Trying to wrap my head around this being feasible while working so much at my w2. My involvement would go down drastically to where the only thing I'm doing would be funding the deals.

-Do you have a property manager that you turn the home over to after purchase and they take care of everything?  

-How much involvement do you have? 

I imagine this isn't cheap but I don't see another way.

Hello All,

My name is Kemi (Elizabeth). I am new to the real estate investing space. I hold a w-2 job currently and considering transitioning to holding some properties. I am considering investing in the Ohio market. I would like to connect with any member who invests in the Daytona or Columbus area of Ohio.

Question: Is there any recommendations on how to find discounted properties in the Ohio market or is a turnkey property the way to go?

Kindly let me know if possible.

Regards

Hello everyone,

my wife and I want to start our real estate investing journey to boost our wealth and retirement fund. Long-term single or small multifamily rental would be our strategy to go. We live in California at the moment and I have W2 job and my wife a small online business. So we don't have a lot of money to start with. CA is an expensive market and regarding tenant laws in my eyes more complicated/difficult as a rookie landlord. Has anyone experience to share how the get started in a market in a different state? What are things to look our for in this situation? Any tips are welcome. Thank you in advance and happy holidays to everyone.

Denise

Hi, still new to the forums, please pardon any oddities in my post. I've tried to include relative information, without writing a novel. 

I'm a newer investor looking to get some cashflow. My strategy for the foreseeable future is 'buy and hold' with long-term tenants. I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom. My current portfolio includes two 3-Bed/2-Bath Single Family's in my home state. I did minor improvements to both of those, but unfortunately had to replace the roof on each (Flat roofs suck, lesson learned). I have $60k-$100k that I'm willing to deploy, and do some learning with. I also have ~$20k that I've resigned for the scripted "mishap" that always comes up after purchase...lol

I've read a number of other threads and I've seen a fair amount of talk about Ohio. While that is pretty far from me, the prices there are far more manageable than my current state and would let me deploy my capital a bit better. I'd love to hear some more savvy investor's thoughts on Ohio, or a similar market. Normally, my preference would be a Duplex for ease of learning, but after looking at the price point in a place like Cleveland, I theoretically could purchase two Single Family's there. Thanks in advance for your time

Hello everyone! I’m really excited to join this community.

I'm from California. I've been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.

While I haven’t owned any property yet, I’m hoping to take that step in the near future. However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow. I’d love to learn from all of you, connect with like-minded people, and eventually achieve financial freedom together!

Hi, BiggerPockets community!

I’m excited to join this platform and connect with like-minded individuals passionate about real estate and investing.

I'm relatively new to investing but eager to learn and grow. I've been exploring strategies like the BRRRR and am keen to hear about others' experiences.

I’m here to learn, share ideas, and contribute wherever possible. I look forward to connecting with fellow investors, learning from seasoned pros, and hopefully sharing my journey as I dive deeper into this space!

Feel free to share any tips or wisdom—I'd greatly appreciate it! Let’s grow together.

Looking forward to connecting.

I have spent the past 20 years working in health care and have only ever purchased properties for my own use, including a home and office. I am excited to start the journey of real estate investing with my sights set on long term single family and smaller multi family long term rental properties out of state. I plan to use BP tools for finding markets, deals and team members. Undoubtedly, I have much to learn, but I am no stranger to long hours of study and work. Any advice or assistance from this community is welcome and appreciated. Happy holidays to all and wishing you a prosperous year ahead. Mahalo for taking your time to read my intro.