All Forum Posts by: Santiago Araujo

Hi All, 

I am trying to narrow down good emerging markets for investment opportunities in multi-family commercial apartment buildings. I am interested in Raleigh/Carolinas, Utah (Provo, Salt Lake), Reno NV, Philadelphia and PA, and some Texas markets. I wanted to get some advice on which states are good from an investment/tax/owner or landlord friendly standpoint. I am trying to follow job growth and markets that are going into the emerging phase. 

Any insight, suggestions or advice would be greatly appreciated.

Thanks!

Hi All, 

I have been studying up on real estate investing for a few years now. Listening to almost all of the BP podcasts and various other REI podcasts daily, as well as reading as many recommended books as I can get my hands on. I have had some major life changes happen, and I have not been really pursue my new found passion in REI. I am looking to make REI a reality and future in my life.

Onto the discussion topic. I was speaking to some old friends and even family and expressing my interest in Real Estate Investing. A lot of the time for people who are not privy to REI, they are kind of shocked and confused, often times saying, you want to be a real estate agent? For many who aren't into it, and haven't opened their eyes to this world, they simply have never thought about it or often times, have unsupported opinions about it.

What is a good way fellow BP'ers would summarize why REI is a great strategy for wealth creation. Now I realize this is a very open ended question, and there are countless successful strategies within REI. But what would you say are some simple and basic reasons into why you think REI is such a great investment tool.

Please let me know if this question is too vague. I can help clarify and articulate. 

Thanks in advance for any responses. 

Hi all, 

I am just researching the future of America's population growth. Trends and shifts in where people are living. What are some resources or strategies BP'ers use to look at, basically, where people are moving. What makes a market a hot market and how do you spot that before it happens. Any insight would be great, does not have to answer my questions specifically, just thought I may open a discussion. Thanks all. 

@Ali Boone Hi Ali, moving to the valley area, not sure exactly yet but around encino, ive heard you cant really find rentals until about 30-45 days before move in date (Dec 1 move in) so i havent narrowed down a place yet. 

As for Indy, Atlanta, Memphis...I picked those markets as some to research first because ive heard so many things about them while ive been learning. Guess it sounds like Im a bit late to the party tho. Id love to connect with you and learn more. Ive seen you about on the site and see that you have very insightful replies and advice, and i thank you for your reply to my post. It seems like youre doing what I hope to accomplish, so Id love to hear more. I need to learn how to analyze markets and pick winners, sounds like you are doing just that. 

-Santi

@Bram Spiero Hi, we play R&B funk music. I have been all around the country and definitely think the way to go is long distance for me. The LA market that im moving to is a bit unrealistic to start with and the more and more i read here and elsewhere remote/long distance investing is very feasible and can be successfully done. Continuing my research and happy to talk and connect anytime. 

Thanks all for the replies. @Joshua Dorkin  Thats interesting, Ive listened to so many of your podcasts, its great to get a reply from you. @Francis A. the name of the band is Bad Rabbits!

Hi All, 

My name is Santiago Araujo, everyone calls me Santi though. I am a touring musician on the road to success with my band. I have worked hard for years looking to save up and invest in something. Within the past 7 months or so I have been put on to REI (thanks @Brandon Turner and Bigger Pockets) and have been reading REI books, blogs, forums, websites and listening to many podcasts to educate myself thoroughly.

I currently live in the NYC area Jersey City, NJ but am relocating to Los Angeles in a couple months. Needless to say I will not begin in real estate investing in the local LA market. I have the goal of accumulating a long distance Buy and Hold portfolio of positive cash flowing properties managed by local property management. Currently I am researching 3-4 markets to do so (Atlanta, Indianapolis, Memphis...) 

My long term goals are to create passive monthly income from the positive cash flow, gain equity and be able to use leverage to grow and expand my portfolio and accumulate wealth. I have always been a renter since entering my college career in Boston 2001. I have moved on average every 2 years. Since living in Boston I have lived in Philadelphia (where i grew up) and NYC area (Astoria, Queens and Jersey City) Every time I have been the one to find the apartment.

I researched the areas, rental inventory, compared prices and have learned a lot as a tenant which I now realized has passively taught me a lot about REI. I would like to connect with long distance investors here on Bigger Pockets, potentially some in NYC area for now and in LA in the future so I can gain some knowledge and learn from their experience.

I am so thrilled that there is a place like Bigger Pockets that allows investors to connect. I have to say that since stumbling onto REI, I am amazed at the enthusiasm and 'pay it forward' attitude most if not all Real Estate Investors have. This is certainly a community I am happy to join in and be a part of. Thank you to anyone taking the time to read this and Thanks in advance for any comments or replies left on this discussion post. Hope everyone is well and that you are making some great deals!

-Santi Araujo