All Forum Posts by: Richard Young

@Elijah Householder

Hey Elijah I grew up in Redlands. Just left a year ago and moved to Idaho. If your looking to get into lower priced homes in Redlands I would start looking in the 92374 zip code which will be on the north side of the 10frwy. In my opinion the lower income side of Redlands is still a pretty safe area. Personally I would rather be in the sketchiest part of Redlands over Riverside. The lowest priced homes(lower income area) will start north of The 10 and east of the 210 interchange increasing in price the farther North and East that you go. Good luck’.

@Bjorn Ahlblad thank you for the advice. Much appreciated.

I am purchasing a triplex that tenants just signed leases in March that are good for 1 year. I was wondering if it is possible to renegotiate those leases being the new land lord or am I stuck with under market rent for the next year?

@Paul Shannon thanks for tour thoughts. It's kind of in line with what I was thinking. My next question would be what is a good market to get the most bang for your buck in your opinion. I know it's all subjective but I'm looking to create cash flow through the BRRRR method most of all. But trying to pick a market can be overwhelming. Any pointers would be greatly appreciated.

I just sold my third fix and flip. I’m now sitting on 100k cash for investing. Looking to do brrr or fix and flips. My question is, with possibility of a recession/correction should I sit on my cash to see how everything unfolds. I am thinking that with the economy being shut down for so long that there will be opportunities to purchase good deals from people that have to give up theirs homes. Also worried that if I do purchase now my value will come crashing down and I’ll be stuck with an under valued property.

I just sold my house and have $120k cash to start purchasing properties. I’m looking for a lower priced market to start out in. Hoping to buy a couple properties in the 100-200k range for rental properties. I am based out of Idaho so hoping to stay in the western part of the country. Would appreciate any input. Thanks!

@Steve Vaughan what market do you typical,y invest in.

@David Asche if you could let me know when the next meet up is I’d appreciate it. Just moved to the area.

@Stephen Akindona I am in Idaho and new to the market. Looking for cash flow first to get myself established. But will look into what your suggestions are as I’m new and not sure what syndication is.

Been saving up for awhile to get started investing. Wondering if anybody had any advice on best type of investing for a newbie to get his feet wet?