All Forum Posts by: Salman A. Rai

@Ryan Rominger Thanks man I'd appreciate that. How do we go about setting it up?

@Ronald Morris That's a mutual feeling. I also feel inherently more comfortable investing in areas where I have family / friends who can occasionally visit the property for checkups. How do you see the duplex rental situation in TX? Are you solely relying on your friend to help you manage the property or would you still go for a property management company?

@Account Closed This is excellent information. Much appreciated. I am going to review this and get back to you shortly.

@Account Closed shared the list of potential high performing markets this year. Would you pick one from that list or have a different area to recommend?

Also, I have been reading much about the 1% rule and how a property needs to meet this criteria. What's your take on this?

Thanks Tim. The main reason I am eyeing multi family homes is primarily to maintain a healthy cash flow. Based on your experience, what kind of properties have generated the most cash flow for you? 

Thanks Ronald and Twana. Is there a basic framework you guys follow to separate 'hot' areas from the 'cold'? Instead of randomly looking on Zillow, I wish to create a workflow/ framework that can help me first identify the city/state to invest and then find and evaluate good deals there. Any insights on this would be super helpful.

Hello BP community. This is my first post on this platform and I can't be more excited having been recently introduced to this website. I recently immigrated to the US and currently living and working in San Diego, CA. Based on my research, I see a lot of potential in investing in multi-family homes primarily from a cash flow perspective. Given the extremely high property rates in San Diego, I am forced to look out of state to purchase my first rental property. My budget allows me to buy a property under $250k  (25% down payment and conventional mortgage for remaining 75%).  Can the awesome and experienced folks here recommend hot areas in the US that would allow me to invest in a duplex while staying in this budget range? 

P.S. I would prefer to buy a property with decent/ good condition ideally.

Thanks everyone and looking forward to staying in touch!