All Forum Posts by: Refayet Anzir

@Alecia Loveless

Hi Alecia, 10 doors in just about 2 years sounds amazing .

@Caroline Tiala

Hi Caroline ,

I am in a similar boat as you are . You might be able to qualify for non QA loan programs with private lenders at a a bit higher interest rate . There are lots of private lenders out there offering asset based lending. They do look at your credit score and you usually have to apply as an LLC .

@Lee Ripma

Hi Lee ,

I have been a long time lurker here on BiggerPockets still waiting to pull the trigger on buying my second investment property . I have seen your posts on Kansas City and really appreciate sharing some golden nuggets from your experience investing there. I am kind of trying to decide between 3-4 markets to buy my next investment property out of which Kansas City is one . It would be great if we could connect so we could discuss a bit more on real estate in that area as an out of state investor .

@Mary Smith

Hi Mary ,

I am a new investor currently in the process of picking a market to invest in . Toledo , OH is a market I am considering . Are you actively investing there ?

@Joseph Crunkilton, thank you. I would like to connect with Zach Lemaster some time 

@Andrew Weiner, thank you . I will definitely reach out to you when Cleveland comes into the picture. 
@Taylor L. yes, all these factors are so important. There is a plethora of places with data on these but are there any fixed common websites that you check to verify the factors you mentioned? I know these data are not served on a plate , it takes time to do the due diligence but can you recommend some websites where  do some fast fact checking of these factors that you mentioned?

-job growth, population growth, rent growth, diverse industries and employment, MSA of adequate size (not too small), a friendly legal environment, and stable or falling vacancy rates.

@Ali Boone, you are very right; Housing demand are high now I am presuming because of an inventory issue as well as the low interest rate? My thought is as government relief programs like ppp and the 600$/week unemployment benefits end and if inventory level goes up next year, and as unemployment levels remain high this may have a negative impact on real estate prices right? Moreover, the tax programs that Biden is proposing are also a deterrent , so that is also a possibility. These are just I am thinking but then again demand for residential properties in the suburbs as opposed to ones in the city should be high post pandemic. You would obviously know better than I would since I havent really been following the industry closely until recently. 

Nevertheless, I do not want any of these to stop me from taking action . I have been researching different ways and the BRRR strategy appealed to me the most because it seemed the most scalable way to me to build equity and a rental portfolio. Then again I will be moving overseas for work in a few months time so rehabbing wihout physically being here especially since this is brand new for me does not seem practical.

That is why I am looking for some quality turnkey companies that I can work with to get my foot wet now with out of state investing so that even while I am away I can continue investing and building my rental portfolio. 

What I trying to  to figure out is  an action plan with regards to financing and a systemic way to move forward. 

Hi Tayor,

Thank you for the tips. I will definitely check out James Wise's Youtube channel. You are very right, I am still on the fence about perceiving the risk/reward scenario property offerings. 

Right now, I just want to keep things simple without over analyzing. That is why I have not yet looked at other means in depth even though I did download the pdf file from Passive Wealth Strategies.

 I am looking at markets like Indiana and Cleveland but want to make sure that the turnkey companies I would deal with in these markets have a solid reputation of backing up their financials with the results they claim. 

Aside from checking out James Wise's channel , if you have any recommendations with regards to markets and reputed turnkey companies, that would be great.

Thank you.

Hi guys, 

I am looking to invest in my first rental property with the goal of building a rental portfolio in the coming years. Bigger Pockets has been  a great resource of knowledge so far but the information on the internet is so overwhelmingly broad that I am finding it quite challenging to set up an action plan.

One of the places I have looked at is Roofstock to buy out of state properties in the affordable range within 100k. I am based out of Houston so Houston is also an option for me but I am willing to to look other cities and states depending on its future prospects.

If I could get some insights on what markets you have found to be the most appealing in recent time in terms job and population growth , stable rents and healthy returns , it would be a massive help for me find a starting point for doing my due diligence. I will mostly look at Turnkey Properties as I lack the experience and time to Rehab properties for better returns

Secondly,  due to the economic downturn and high unemployment rate overall I am feeling that we may see a housing crash some time next year. For a first time investor like me , would you suggest that I play the waiting game or am I overcomplicating things?

Thank you so much.

Refayet