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Thanks for the list Derek. I have family from Seattle/Bremerton who are visiting me now. We've talked about that market and it sounds like it has promise.

You're right. Money can be made in any market. And I realize the bay area has pockets that are recovering, but I no longer want to live in California.

I'm looking for more of a stable market where the first house doesn't take 6+ months to sell. In my area it's nearly impossible to determine an ARV when the market is continuing to fall with no end in sight. I also understand it will take more work to find a deal in an unfamiliar hot market but there will be less of a chance of it dropping while the work is being performed. If an area has a days on market average 60 or less a clean property priced correctly should move fast. I'll be moving into the houses during the rehabs to save costs and time but may not stay in the area if another part of the country interests me later.

Hi everyone. I'm a recently divorced residential remodeling contractor from northern California. For the last year and a half I've been learning as much as possible about REI including seminars preparing to move out of California and start my REI business. The plan is to rehab houses, then start holding and eventually move to multi family. Hopefully wholesaling some along the way. It's not necessary to hold property where I'll be rehabbing. If a market is good for rehab and not as good for holding that's OK. I don't have a problem going out of state to cash flow. Also, I know it's wise to start at home where one is familiar with the market, but my market in Stockton is not going to recover for some time and I've wanted out of here for years. This move will happen in the next 60 to 90 days. So, I'm trying to stay on the left to of the country but would go farther for a better opportunity. Places of interest are in parts of West Texas, the SLC area of Utah and Las Cruses, New Mexico, but where would you go? If you were going to make a new start, rehabbing in this housing market, where would you go and why? Thank you for your time.

Craig

Has anyone tried the marketing tools offered by Richard Roop?

I'm a residential contractor. It may be different in your area but the home inspectors around here don't know the accurate cost of repairs. I'd have a couple contractors give you numbers to avoid surprises. Hope this helps.

Thanks. That makes sense. If I had 40 rentals worth 100k each that made $100 each month that would not be enough. So what's an acceptable or expected amount per month to make on each rental after expenses in the DFW area? I'm thinking of starting with small single family homes to smaller multi units?

My goal is to have a 3 or 4 million in property by age 55. And to know the real estate investment business well enough to teach it to my children.

Hi everyone. This is an amazing site! I'm a 45 year old residential contractor in Stockton, California, one of the most overprice markets in the country. Retiring with a rental fleet has always been a dream of mine but this market makes it hard to get started. I can make a nice living in room additions and remodel but not enough to reach my retirement goals. Also, the area has changed to the point that it's not were we want to raise our family. So, we've decided to move to Texas and looking at homes in the Fort Worth area. My wife was born there. The original plan was to rehab homes and buy a few rentals per year but I'm now trying to learn enough to avoid the physical work and spend more time finding properties. We'll have 200-230k to buy a home and start investing and we should be ready to move in the spring. My time until then will be spent learning everything I can about real estate investment. Any advice you can offer on the market or the best use of my time and dollars will be greatly appreciated.

Craig