All Forum Posts by: Nick Ruffini

Hi BP,

I'm looking to find more information about finding deals out of state. I live in Los Angeles and the homes here don't meet my investing criteria. I'm looking to invest in my home town in the suburbs of Philadelphia. I lived there most of my life, my family has been business there since 1974, I still have a lot of friends who live there (a few lifelong friends who are RE agents) and I know the area/neighborhoods well. 

What I'm having an issue with is finding opportunities to invest in. I'm getting the listings that are on the market (my RE agent friend set up a daily MLS report for me) and I've read David Greene's "Long-Distance Real Estate Investing book but are there any other resources? I can't "drive for dollars" in the area since I don't live there and the houses that are already listed never seem to meet my criteria.

Any suggestions/resources to find out of state deals would be greatly appreciated.

Thanks! 

Following. 

Sounds good

@Jeff Greenberg you're welcome. So, are you not doing the meetups at Unurban Cafe anymore. I didn't see a place to search for the OSMFI meetup. Do you have a link?

Hi all, I'm in LA (West side / Santa Monica area) and looking to connect with other investors as well. I do know of one meetup that happens in Santa Monica on the 2nd Saturday of every month - 11am @ Unurban Café on Pico Blvd hosted by @Jeff Greenberg

@Michael Meagher Following...

We're about to sell a restaurant and liquor license (very valuable in Pennsylvania) and my parents are the owners. They're both in their 70s and want to enjoy the fruits of their labors over the last 45 years. What's the best way to approach this from a tax/capital gains perspective?

I'm not out knocking doors but I'm a newbie in LA looking to connect with some LA people. I'm a licensed RE agent, too. 

Let me know ifn you'd like to chat. 

Hey BP,

I was reading through Gary Keller's "Millionaire Real Estate Investor" book and his suggestion is to work in phases:

Phase 1: Buy and live (especially if you don't have a  lot of money to throw around)

Phase 2: Start flipping to accumulate cash

Phase 3: Buy and hold properties to start building long-term wealth

I'd love to hear other people's journey through the 3 phases. I know @Brandon Turner frequently suggests buying and living (house hacking) first too, but I'm always interested to hear what others have done. 

Thanks!

Nick

@Amy Wan ok, that makes total sense. Thanks Amy