All Forum Posts by: Michael P.

 wow congrats Remington !! :) 

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC 

Like the fact that there property taxes are low, hence the rental comps vs expenses (mortgage + property taxes + hoa + insurance etc) are kind of breakeven or slight positive cash flow is possible. Assuming 7.5% mortgage rate.

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.

Thank you guys! It is good to hear that the changes are starting to show up to the point where you notice them, and it makes sense that we have to sit on the current trajectory for some time to reinforce to folks what the core values here are.

We are aligning around the concept of “The Millionaire Next Door” as the type of person we speak to and we hope that you call out any content that strays too far from this message.

I think that we are making, and have made, big changes to get back to this core message, but understand that it will take time to get there. Until then, I understand that I will continue to get this feedback. It doesn’t matter if I talked about this for the past 5 years on BP Money, if I let other parts of our content let some of the hype in. It doesn’t matter the ratio of “slow and steady” stories to “home runs” on the real estate podcast. BiggerPockets needs to aspire to perfection in every single piece of content reflecting a “rational optimism” about real estate investing - we believe in it’s power, and fear near-term volatility. 

I just hope that some of you, our most prominent forum members, can provide actionable advice as part of that feedback, or just let me know if the frustrations are from things done in 2023, 2022, or before, or are present-day outputs of BP. 

I’ll bear the frustration for the former, knowing it is venting/frustration earned from years past, and I’ll consider feedback on the latter as actionable to inform present-day decision-making.