All Forum Posts by: Dennis Li

Find the mediocre cities that you believe could have a future growth spurt. Research online can show jobs coming in and government adding assets to the area, etc.

Go in early to the market and buy cheap. Hold and ride the wave up...

So, realize that the big number cities may have already had their day, and you missed it. Be careful investors.

Thanks Tim, that's a great advice! I can filter the cities by the price, and sort them by job growth, then take a look from there.

0 Votes

Quote from @Jordan Ray:

Quote from @Dennis Li:

Hi BP!

I'm new to real estate investment, and plan to invest in long term rental properties. I live in Los Angeles so I'm looking for out-of-state properties. Would really appreciate to suggestions on which area/market I can research on!

Here are some of my wishes:

1. Positive cashflow, ideally if more than $200 per door

2. Purchase price less than 250K

3. Landlord friendly

4. Locations with good potential for future job growth and non-fragile economy, diversified industry/business

5. Locations OTHER THAN Columbus/Dayton OH or OH in general (I'm checking the area now, but would like to know places in other states too:) )

I've looked at Tucson and Tempe but the price seems too high. Las Vegas maybe suitable, still researching...

Thank you very much for any suggestion! If any of my bullet points are not clear or too naive, please let me know!

You just described Memphis TN!

Thanks Jordan! Could you give a more concrete example on what kind of cash flow is possible in Memphis? Maybe from a deal you recently closed?

1 Vote

Quote from @Thomas McPherson:

Quote from @Dennis Li:

Hi BP!

Here are some of my wishes:

1. Positive cashflow, ideally if more than $200 per door

2. Purchase price less than 250K

3. Landlord friendly

4. Locations with good potential for future job growth and non-fragile economy, diversified industry/business

5. Locations OTHER THAN Columbus/Dayton OH or OH in general (I'm checking the area now, but would like to know places in other states too:) )

I've looked at Tucson and Tempe but the price seems too high. Las Vegas maybe suitable, still researching...

Thank you very much for any suggestion! If any of my bullet points are not clear or too naive, please let me know!

Hi Dennis, Phoenix has had massive population spikes and the TSMC Manufacturing plant is bringing a ton of high-paying jobs to the area, I foresee growth. Regulation is also landlord-friendly. Prices will be steeper but definitely keep your eye out for off market deals.

Best,

Thomas

Thanks Thomas! Yes, Phoenix seems hard to find a deal now.

0 Votes

Quote from @Stephen DeThample:

Unfortunately Las Vegas is going to be only condos in that price range.

Thanks Stephen for the info! If a condo can rent out for a good cash flow, I'm fine with that.

0 Votes

Thank @Trevor Finn for the suggestions!

I've heard Indy before, and I've been to there couple of times. I've heard the neighborhood is pretty complicated over there. Also, I read a post from Becca F. here that her investment in Indy with $176 cash flow on paper is actually negative in reality.

https://www.biggerpockets.com/forums/48/topics/1216810-what-...

0 Votes

Thanks @Kaylee Walterbach for the resource!!

Do you know when was this excel last updated? I didn't find a year/time on the file.

0 Votes

Hi BP!

Here are some of my wishes:

1. Positive cashflow, ideally if more than $200 per door

2. Purchase price less than 250K

3. Landlord friendly

4. Locations with good potential for future job growth and non-fragile economy, diversified industry/business

5. Locations OTHER THAN Columbus/Dayton OH or OH in general (I'm checking the area now, but would like to know places in other states too:) )

I've looked at Tucson and Tempe but the price seems too high. Las Vegas maybe suitable, still researching...

Thank you very much for any suggestion! If any of my bullet points are not clear or too naive, please let me know!

7 Votes

All Forum Posts by: Dennis Li

Dennis Li has started 2 posts and replied 17 times.

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations

Post: Newbie to Rental Property Investment, looking for suggestions on locations