Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Russell Payne

Russell Payne has started 3 posts and replied 50 times.

Post: When buying an out of state property do you...?

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@Catherine Emert

Hey! Thank you for all that. It is great to know and a lot of helpful information.

Post: When buying an out of state property do you...?

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

Hello everyone!

When purchasing a property out of state what has been your philosophy?

Have you been okay having your agent, property manager, etc handle everything for you? Do you do all your research online?

Do you feel it’s important to visit and see the property, area, etc with your own eyes?

I know there is no perfect way, but excited to hear your experiences.

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@Nick Giulioni

If it was recommended by you, I know it would be. Appreciate your help and guidance thus far!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@John Rankin

Thank you! Looking forward to connecting!!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@Kat He

Thanks Kat! Looking forward to connecting!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@Marlen Weber

Thank you Marlen! Looking forward to growing and learning with the BP community!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16
Originally posted by @Graziano Casale:

Hello Russell, 

Welcome to the journey of RE investing. Like you I live in LA and I'm currently investing in Indianapolis.

Hit me up if you have any question

Cheers

Graz

 Thank you! I'll definitely connect with you!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16
Originally posted by @Joseph Schweizer:

So it has only been a month, but I have not encountered any issues so far. My calculations have the cash flow for this property at around $230 a month. So far everything is going as planned!

 That's awesome. Keep me updated for sure!!

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

@Joseph Schweizer

Thanks for sharing! I saw the down payment and purchase price. Rent for long term Hold, how is it going now? Is there cash flow? Anything pop up you weren’t expecting?

Post: Introduction to Real Estate Investing

Russell PaynePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 50
  • Votes 16

Hello everyone,

My name is Russell & I am looking to get into rental properties. I’ve been doing a lot of research and getting familiar with possible markets.

I am in Los Angeles so investing here is almost impossible to start with no previously generated wealth. We (My girlfriend & I) are looking to establish passive rental income finding good out of state pockets for our first property. We have looked at Indianapolis & Las Vegas with real estate contacts/friends/mentors in that area.

I have been listing to the Podcast which I love. Started all the way back at 1 and I’ve been following a few forum posts. All very educational. Just wanted to hear your suggestions and ideas. Also find potential future relationships and partnerships. We have lofty goals, but want to make sure we do it the right way with really good people along the way.

Thanks everyone, talk soon.