All Forum Posts by: Nate Baum

Thanks again @Larry Fried , do you mind sharing tips on finding a good turnkey company? From my research, I have heard some good and bad things. Do you happen to have a recommendation? 

Thank you for the advice @Art Mimnaugh ! I will PM you directly.

Thanks, @Robert Ellis ! when you say "Curb Offers Only" is that because some places are inhabited by current tenants? Or something else?

I see you are an agent, so on the flip side, do you have advice new investors as they build a team. Like things to avoid doing that would push you away from working with them? Does that question make sense?

Lastly, have you recently compared investments in Columbus to Cincinnati? I see a lot of affordable multi-families in Cincinnati and slightly less in Columbus. Should I open my search to include Columbus? 

Best, 

Nate 

Thanks, @Caleb Heimsoth! 

Haha, I appreciate that. Do you invest in NC or all across the country? We almost purchased a house in Charlotte and the market was crazy high. Have you been able to find good deals in the research triangle area?

Thanks for the reaffirmation on the team part, I am still trying to figure out the best place to focus on. I would hate to waste someones time and switch cities with the potential of burning a bridge.

Nate

Thanks, @Sam Josh ! 

I appreciate that, the financial analysis part was really fun but with so many indicators and no real focus on one location it was a bit overwhelming. 

How did you find your first property?

I see that you are in Sunnyvale, CA. Are you investing in CA or Out of the state?

How are you liking ibanking to tech transition? (I will never go back)

Thanks, @Larry Fried ! Love the Do Good Investing mission! 

After your first experience with the Turnkey company did you start doing deals on your own?
How did you find which city to target and then contact a TK in that local?

The goal is to learn as much as possible for the first few purchases and gain the practical know-how to build wealth. I actually have the time to spend on finding deals and am worried that turnkey could slow that process of success and even lesson filled failure. 

Thanks,

Nate

Thanks, Mike! The goal is to get the first one in a B area, not a ton of rehab and use a 30yr/25% down mortgage, that will allow us to have a solid base and get our feet wet, hire a property manager, handymen, contractors, lawyer, accountant... Once we get a handle on that it should be easier to pursue a BRRR or SFR. The issue is how we make sure we pick the right one, and make sure we are looking it the right city since we are not limited to one location. Do you invest in the Bay Area or long distance?

Hello BP community!

I was unable to find a good 1-800 number for analysis paralysis, so I figured this would be a great place to start. Thank you for building such an amazing place with a treasure trove of information, podcasts, fascinating books by David Greene, Brandon Turner, Anson Young and data... data.... data.... o man, there we go again.

My wife and I are new to the world of real estate investing. For the last 7 months, we have been getting ready to get off the sidelines and invest for our future. We moved to Mountain View, CA from Charlotte, NC about a year ago, I am a financial analyst and she is an analyst in the field supply chain management. We were both unemployed before the move, living off of savings and are truly blessed to have amazing jobs in the Bay Area while saving close to 70% of our income. 

Our goal is to invest out of state in one or two Duplex/Tri/Quad "Mom and Pop" houses, get a solid cash flow of around 10-15% and get rich slowly. We built crazy models with censuses, Zillow, labor statistics, crime rate data and have little to show for it other than wasted time. We did Identify Cincinnati & Pittsburg as a possibility along with the usual suspects (Austin, Denver, Phoenix...) 

This out of state is a little nerve wrecking and I am wondering if there are others out there that had the same reservations/fears before they invested far far away from home.

How did you determine the best location to peruse?  

Is now a good time to get in or does it make more sense to wait?

What was the "Aha!" moment that pushed you over the edge to take that first step?

What do you wish you knew back then that would have helped things go more smoothly?

Is there an active community in the Bay Area with meet-ups?

Thanks,

Nate