All Forum Posts by: Scott Sklare

I’m looking to get into hands off out of state real estate investing. Where are the best places to start? 

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!

New to the BP Community and I have been diving in head first into research, podcasts & books to purchase my first investment property. I live in california & im wondering if it would make more sense to look for out of state properties as opposed to starting here given how expensive the market is here?

Any tips/suggestions/opinions are welcomed! Genuinely open to hearing voices of experience!

Hello Bigger Pockets Community!

I’m new here and new to Real Estate in general, however I am very enthusiastic and determined to learn and invest wisely. Here’s a bit about myself and my goals:

Me:

• - Early 30’s, single, no kids
• - Compensation = ~$200k/yr (most of this is still W2)
• - I’ve set aside between $75 - $100k in cash to invest in RE
• - Current rent = $2100/mo.
• - Credit score is high 700’s
• - I do not own any property
• - Split time between Phoenix, San Diego, and Denver

Goals:

• - I’m a business owner, and still have a full-time job for a bit longer, so those will take my time priority for the foreseeable future
• - My time is critical to my business, so I’m hoping to avoid the more time-consuming options
• - I'm looking for the best way to achieve high ROI and monthly passive income
• - I have friends who are more versed in RE than I am, who I can partner with if needed

I am still in the education phase; however, I am trying to decide what’s the best strategy for me. I am not afraid of putting in the work, but my business will take priority for now. My initial thoughts were single family homes, but I am realizing there may be better ways to scale and reach my goals.

What strategy would you implement if you were in my situation?

Thank you all for the help! This community has been so helpful.

Where to invest 100k in 2022?

I've decided to look to buy my first true investment property in the near future and despite knowing how to run the numbers, I'm having a difficult time deciding where I should be looking to buy. I'm considering either a small multifamily (duplex or fourplex) or perhaps a single family that will be easy to rent and cash flow. Where I live is way too expensive to cash flow so I was thinking a landlord friendly state in the midwest, something with plenty of inventory for me to find a good deal but also strong rental demand. For those who invested out of state, how did you decide on your market? Where are some good areas I should check out?

I am looking to build a team to begin my real estate investing journey. I am looking for multi-family properties that cash flow, particularly in Ohio. I've listened to a number of podcasts regarding real estate investing and read a bit as well. I believe it is time to apply what I've learned.  I am open to having conversations with investor friendly agents who know the market that will help me help them. Thanks.