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All Forum Posts by: Rosario Aiello

Rosario Aiello has started 1 posts and replied 3 times.

Post: Looking for a few new potential markets

Rosario AielloPosted
  • Investor
  • San Diego, CA
  • Posts 3
  • Votes 8
Quote from @Chris Davidson:

 David Greene's book long distance investing is great and covers everything you need to know. The key to OOS investing is finding a market and the team as both are critical.

currently on chapter 8 of that book right now! 

I think im going to run some hypotheticals to see what you mean. 

Post: Looking for a few new potential markets

Rosario AielloPosted
  • Investor
  • San Diego, CA
  • Posts 3
  • Votes 8
Quote from @Chris Davidson:

By that what is your goal? Do you need the cashflow to live off, or looking to build wealth? If you need the cash flow to supplement your income there are some heavier cashflow markets out there think mid west with teams in place. However with these make sure you set enough aside to fix large capex items. 

 Thanks for your reply! I think we are mainly looking to build wealth. We will not be relying on the cashflow. My guess (please correct me if I'm wrong) is that in the current market, buying properties with good cashflow (vs buying properties for appreciation) will be a better investment because of the "correction" that is looming. 

Post: Looking for a few new potential markets

Rosario AielloPosted
  • Investor
  • San Diego, CA
  • Posts 3
  • Votes 8

Hi everyone,

My wife and I have been saving up to make our first move into real estate investing together. Our plan is to purchase a buy-and-hold property with long term renters. We are looking for properties under $300k and with Living in southern California, local property prices are a little too high so we decided our move should be out of state. We’ve began our research but keep going in circles. With so many options, it’s hard to know which city/state is best to make a move in. So I figured I’d ask the forum for some options.

What are some good markets for us to begin looking into? Any and all advice is welcome. Thanks in advance!