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All Forum Posts by: Rahul P.

Rahul P. has started 1 posts and replied 3 times.

Post: New investor here looking to make first investment.

Rahul P.
Pro Member
Posted
  • Posts 3
  • Votes 3

Thank You  @Wale Lawal and @Robin Simon 

Yes I am leaning towards BRRRR, though still figuring it out as to criteria of how much distressed a property should be or how to determine how much work it needs. I am also not sure yet on if it needs to be SFR or a small multifamily.

Post: New investor here looking to make first investment.

Rahul P.
Pro Member
Posted
  • Posts 3
  • Votes 3
Quote from @Mason Weiss:

Hey Rahul, I'd encourage you to go to some local meetups as well and connect with investors in person. I know plenty of my client's are cash flowing here in Phoenix it just depends on your strategy. Feel free to reach out and we can connect further. 


 Hi Mason 

Thanks for responding, I will reach out to you to connect further. 

I might be very wrong here, but entry point into the local properties in phoenix metro seems to be very high which makes cash on cash return seems to be very low or difficult. 

Thats why I was considering markets which might have lower barrier to entry probably capped at about 300k 

Post: New investor here looking to make first investment.

Rahul P.
Pro Member
Posted
  • Posts 3
  • Votes 3

Hello to everyone!

I have been following up the content here and on youtube which has been really insightful. I am finally ready to take a plunge on my first investment. But I am still not decided on strategy or market. I am currently divided between straight up SFR or use a BRRRR.

I am not looking to house hack as I am already well established in Phoenix metro.  My main objective is generating a cash flow which pretty much eliminates local market.  I have been researching on  several markets but not yet close to deciding on one. 

Any or all suggestions are welcome. I am open to connecting with experts and also growing my network.