All Forum Posts by: Min Zhang

TL;DR: If capital was not an issue, where do we start?

Hi everyone! My husband and I are new investors in the Tampa Bay area. We ran a successful business that provided us with a lot of capital, but we will be selling it in the next few months. We are in a position where we have cash but will not have an income soon so our ultimate goal is to create an income stream through real estate investing.

We live in Tampa Bay where housing prices are through the roof and we cannot make the numbers work to BRRRR. We are working with a wholesaler to do our first fix and flip, but due to the slim margins, are unsure if this is the right path to follow.

My question is do we look at out-of-state investing to make the numbers work? Is it foolish to start our first project out of state? If not, are there other specific regions or cities you would recommend us to research that provide strong cash flow in the current market? What would be the smartest first move to learn and get experience with a successful deal to start our RE journey.

 Thank you for the advice Min! I do have a question for you. If I have a 250k budget on purchasing a home how high of a price range should I be looking at properties? Should I be looking at properties in the low 300s and offering 250. I see many overpriced homes. 

Hello folks - this is my first post after silently trying to consume as much info as I can from reading the wealth of information on here.

I live in the Bay Area in California and I’m looking to invest in Ohio primarily because the prices are a lot more attainable than what we have here.

I personally don’t have a lot of money to play with, but I’m looking to be able to acquire a multi family in Ohio (less than $100k in a good neighborhood if that’s do-able?) - I just can’t decide what city to focus on. Looks like the big contenders are Cleveland and Columbus.. any recommendations or advice you have that would aid in my decision making would be greatly appreciated.

Also looking to get recommendations on real estate agents with expertise in investing in these areas

Thank you for the help!

Hi-

Novice investor here, I have been following bigger pockets for a number of years. Over the past few I have acquired 4 units that I have been self managing. Jumping through some hoops to begin and now moving along smoothly, I still run into some barriers. Figuring out how to scale and what direction may be best, I would really like to find a kind of mentor who is well versed. I'm eager to learn more and grow. I'm knowledgable to make a good decision, I'd like to find someone to guide towards the best decision. In real estate through managing and analyzing the market and opportunities, I'm open to learning something new. 

Western New York here, Buffalo. This doesn't have to be local, e-communications are great. Thanks.

Hi all - I am looking to get started with my first investment property. I have consumed so much information in the last 1-2 years and I am ready to stop the information gathering and get my first property. Since I don't have an unlimited source of funds and therefore cant afford an expensive mistake, I am seeking one of the safest options in this space to get started with just to get my feet wet. I am okay with low cash flow and just go for the appreciation play. Any advise from this great group will be highly appreciated. 

Thanks!

Hi, my name is Shawn I am 28 and I just moved to Charlotte with plans to invest in a fix and flip property. I am here to build connections with new people like myself as well as all of you professionals. I don’t have much knowledge to offer but would try and answer any questions I can, and would like any advice you all can give to me. I am actively searching for a single family home that is a good deal for my first fix. I am ready to buy at any moment. Look forward to starting this new journey! 

Looking for some thoughts/advice. I recently purchased a home at an auction and am deciding whether to use FHA and living in it for a year or so until I can buy a duplex and move into the duplex then rent it out or just flipping it and taking the profits to go find another deal? I am leaning towards keeping it as a rental due to a couple of reasons such as findings multi families in my area now is pretty scarce and it is in a good rental area near military base that consistently has people renting. I got it for $67K and conservatively would appraise for $130K, most likely more than that. Thanks for your input!

Hey folks! I own one unit in a strip of 4 individually owned townhomes. We are seeking offers from developers/investors to purchase all 4 units. We are all on board with this for the right price. Each unit produces excellent cash flow as-is, and the home values have increased by %50 since 2020. With so much development in the neighborhood, it should be a great opportunity for the right investor to acquire the full plot of land near Downtown Nashville. 

Should I sell or hold, and what is the best way to find this type of buyer?