All Forum Posts by: Priyaa Kalyanaraman

Thanks everyone for the responses. 

@Daniel Haberkost - Which areas do you recommend I look in CO springs? 

@Linda S. - Fair point, thanks for the tip. 

@Josh Bakhshi - I am just starting out. So, looking at 1 - 2 rentals with positive cash flow/additional income. I know given most of us are WFH through the end of the year, location might not be that important in the short term. But, I know folks in tech who have moved temporarily to states like Goergia, Florida, Texas etc. And, I also think there is a lot of tech investments in these areas that could bring job growth in the long term. I shortlisted the above cities based on research I did. But, open to other suggestions on markets I can look into as well. 

@Amy Kendall - I don't have familiarity with any of the above mentioned markets except Austin. That's one of the reasons why I expressed concerns over not being able to visit any of these places. I used to work in Austin for a bit. I haven't reached out to any property managers, yet. But I think that is a great idea. I will. Are there any property managers/property management companies you recommend ?

@Tony Tai - That is awesome. DM-ing you ! 

Long term rentals for a single family residence. Looking at properties that don't require major renovations and can be immediately rented out.  Minor repairs are okay. @sebastian  

Hi BP Community, 

This is my first post and have been reading a lot of older posts here to learn about RE investing. I appreciate the advice. I am based in the bay area and looking to purchase my first investment property. I have been looking into cities where tech jobs are moving. I still need to shortlist one city and would love to hear your thoughts on where I should look to generate positive cash flow. Any tips on areas to avoid/look at would be super helpful. I am exploring single family homes in - 

1) Atlanta 

2) Austin

3) Salt Lake City 

4) Denver - Colorado Springs - Boulder area ( Though there is room for a lot of opportunity and growth in this area, the prices are too high. I doubt I will have positive cash flow. Curious to know if this is a wrong assessment, and if I have not explored any pockets in the area that would make financial sense)

5) Idaho

Given that there is a global pandemic, I know it is going to be very challenging to hop on a plane, visit the properties and coordinate logistics. Should I wait until things cool down? 

I am doing my research online and going through listings on Zillow/Realtor. Any suggestions for a first timer investing out of state, virtual meet-ups you recommend, I would love to know. Thanks a lot in advance.