All Forum Posts by: Savannah Walbert

Quote from @Samuel Diouf:

Hey Savannah,

 I think Columbus, Ohio is a great option to consider. Multiple, billion dollar companies are investing into our area, such as Intel, Google, and Amazon, due to reasons such as lower costs on land, great tax abatement opportunities, and an attractive cost of living for employees. 

As for OOS investing you need a boots on the ground team that consists of a realtor, contractor, property manager, and a lender. Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.

Columbus on Zillows Hottest Markets: https://shorturl.at/rwyAI

Thanks for the response! Ohio has been recommended to us many times and there definitely seems to be a very active investor community there. Would love to stay in touch to pick your brain a bit as I look more into their market! 

Quote from @Travis Biziorek:

Hey Savannah, I'm a bit north of you in the Central Coast but am down in the valley often (in-laws). It's hard to invest in CA.

I actually invest in Detroit and spent ~5 years on the ground there. I highly recommend checking out the market there. The city has been going through a ton of revitalization and investment over the last ~10 years and folks are starting to catch on.

I see you’re from AG! My fiancé and I were both born and raised in SLO and often visit family there.

Appreciate the recommendation of Detroit. Just spent a bit of time looking into their market and definitely see the potential! Are long term rentals generally what’s working best for you out there? And how has managing your properties long distance been for you?

Hello! My fiancée and I will be beginning our real estate investment journey in 2024 and are looking for any suggestions or pointers as we make some of our initial decisions.

We live in Los Angeles, so it’s probably not surprising that we are leaning toward out-of-state investing. Combined we are making about 250-300k annually pre-tax. However, we aren’t W2 employees, all that income is from 1099 independent contractor work, which of course will limit what financing we can qualify for.

We have 100k+ saved in the bank, but don’t want to plow all of it into our first deal. Ideally we will find a (relatively) low priced market to be able to get into without putting up huge amounts of capital.

If it were possible to invest within driving distance we would love that, since we are a little nervous about dealing with any renovations or even just unexpected maintenance from out-of-state. However, I think the prices in California will cause us to invest out of state and we will just have to learn how to set up the right systems and processes to deal with issues as they come up.

Any pointers on decently priced markets that we could get into in 2024 for a solid first investment property would be much appreciated. We are open to single and multi family, although we’d prefer multi of course. We also aren’t set on doing long, medium, or short term, and would be open to advice about which way will probably be best for our given situation.

Thank you and look forward to starting our investment career!

Hello! My fiancé and I will be beginning our real estate investment journey in 2024 and are looking for any suggestions or pointers as we make some of our initial decisions.

We live in Los Angeles, so it’s probably not surprising that we are leaning toward out-of-state investing. Combined we are making about 250-300k annually pre-tax. However, we aren’t W2 employees, all that income is from 1099 independent contractor work, which of course will limit what financing we can qualify for.

We have 100k+ saved in the bank, but don’t want to plow all of it into our first deal. Ideally we will find a (relatively) low priced market to be able to get into without putting up huge amounts of capital.

If it were possible to invest within driving distance we would love that, since we are a little nervous about dealing with any renovations or even just unexpected maintenance from out-of-state. However, I think the prices in California will cause us to invest out of state and we will just have to learn how to set up the right systems and processes to deal with issues as they come up.

Any pointers on decently priced markets that we could get into in 2024 for a solid first investment property would be much appreciated. We are open to single and multi family, although we’d prefer multi of course. We also aren’t set on doing long, medium, or short term, and would be open to advice about which way will probably be best for our given situation.

Thank you and look forward to starting our investment career!