All Forum Posts by: Ramsey Blankenship

@Maxwell Lee thank you!  What do you consider a strong cashflow?  Also, I invest in the North Florida market and love it. Have you seen any issues with insurance premiums in South Florida?

What are the primary economic drivers in these locations. I know Hickory used to be a major furniture town however if I am not mistaking, the major factory shut down a long time ago. $20k is very inexpensive - I don't think I could buy a mail box in San Diego for $20K

@Bo Kim are you only doing turn key investments?

@Derek Robinson what specific markets outside of Asheville are you looking at and what are you finding?

@Ian Walsh, what are those markets and what do you like/dislike about them?

I found myself sticking to local real estate mainly for the fact that I could be there, on site, to fix a problem when it occurred. Now that I am across the country from 21 of my units, I am happy that I am not there fixing the problems. I have a great partners @Nicole Ludwig, and @Brandon Magierowski who take care of any issues better than I could. I think the thing I loved the most about being there in person was the relationships I built with people who are now key players in my investing. No doubt there are better markets out there than Panama City, Fl. However a decent market with a great team will outperform a great market with no team IMO.  

Ramsey

@Mike D'Arrigo What three markets are you researching and why? Love hearing how experienced people think!

@Mike D'Arrigo I am currently under contract for what will put me at 30 units.  I became self aware that I was simply wanting to have more units when i chose to invest in a market I knew nothing about (Shreveport, La). I invested with a partner who lives there.  My Panama City properties pay very good cashflow however we are struggling in Shreveport due to vacancies. This lesson has taught me to take market research much more seriously, and to stop worrying about the quantity of units I own, and focus on the quality of the investments I make.

Ramsey

@Kelly Zimmerman i am headed to Salt Lake City next week for work. Hadn’t considered it. What should I check out while I am there? 

 OHHHH SNAP!  Did I just get a comment from a BP Podcast Guest?!  I will check it out for sure!

@Todd Dexheimer

@Kelly Zimmerman, were do you go to find your information. Also, what market/s do you find yourself researching?