All Forum Posts by: Anthony D'Angelo

Hello All,

California native here, Realtor. Property appreciation here is great, cash flow and landlord laws are horrible. I see all these gurus on social media encouraging out of state Section 8 rentals in places like OH, MO, etc. I've looked into it, but some of these properties are junk and these Gurus selling these courses or "you can use my guys" feels kinda scammy to me and probably make more in course fees than actual cash flow from their 100s of doors they supposedly have. I mean don't get me wrong $75k - $100k a door, cash flowing $500 a month sounds great, but is it really that easy?! I manage properties where I live and one bad month, one eviction, one water heater goes out, you could be upside down on cash flow for months and I am thousands of miles away so I have to trust their "Trusted Property Manager"

Sorry for the long rant, the question I have is what about Tennessee? I've heard nothing but good things about that state regarding rentals. They have nice appreciation, decent cash flow, and friendlier landlord laws. The biggest problem is the cost per door is a lot more than OH, MO, etc. Has anyone on here invested there and can give me some advice, the pros, cons, better cities is TN, etc.? Your help is greatly appreciated.

-Anthony

Hi Investors, Brokers, and Realtors:

What do you recommend to a California investor that wants to invest in Ohio for Cash Flow? I know the appreciation is not the greatest but cash flow is great. I have heard good things about both. My criteria is pretty much cash flow, landlord friendly, I want multi-family over SFR, Section 8 tenants mostly.

Thanks!

Hi BP Community,

I am a Realtor in California and also a property manager that deals specifically with Section 8 tenants. I have saved my commission and other money throughout the years to finally invest, but where I live in San Diego, it's very expensive and cash flow is almost non-existent on a 20% down conventional loan so I have decided it is best to invest out of state.

I have been doing a ton of research online (mostly BiggerPockets) and came to the conclusion the Mid-West (Cleveland, Akron area) is a good place to start. It seems as those there is an abundance of properties for sale there. I am looking solely for cashflow.

Has anyone invested there? Are they landlord friendly? Should I look more for a landlord-friendly city and state?

I'm getting analysis paralysis, am I making the right decision, is Cleveland/Akron oversaturated with investors, should I choose another place? HELP!!

Thank you in advance!

 Anthony

@Douglas Spence Hi Douglas, I'm in San Diego also, even being a Realtor and having access to the MLS I can't find anything that makes sense for buy and hold investments. May I ask where do you invest in now and they manage the property for you? Thank you for any advice.

@Rachel Morgan-Curet Hi Rachel, welcome to BiggerPockets and congratulations on getting your real estate license. I’m in San Diego too and a Realtor it’s tough here. Just keep reading as many posts on here as possible, BiggerPockets Podcast, they have many books here to purchase too if that’s your thing. Also, they have a BiggerPockets YouTube page. A lot of people I speak to, especially about investing tell me to look into the Midwest, if your looking for investment advice also. San Diego is a tough market to cash flow in, unless you get a crazy good deal.

Hope some of this informative helps you! Good luck with your journey!

@Katie Lepore that’s was great post Katie! I lot of valuable information.

Any San Diego Multi-Family Investors out there? I've been looking for awhile but nothing makes sense. I'm a Realtor so I look on the MLS all the time and would love to invest in a property here but the returns are horrible? People I've talked to say to invest out of state which I've never done but I would consider. Advice? Realtors with pocket listings from San Diego?

@Ebi Amiri

Hi Ebi,

We’ve been using KTS, they are one of the best in the business.

https://www.kts-law.com/

Hi BiggerPockets Friends,

I'm a San Diego real estate agent and I manage around 60 or so doors. I lot of 2s, 4s, 6s, a few homes a 7 and a 10. I love real estate and I love when I pick up the rents each month, there are definitely pros and cons but definitely more pros. My questions goes out to successful multi-family investors or anyone who owns multi-family rentals. HOW? How do I get started buying my own properties? If I don't have the money saved up too bad? Should I invest in less desirable cities, states? Should I wait for the market downturn? I have a some money in the bank but my market in San Diego is very high, duplexes go for $300,000 a door sometimes and getting loans are not easy to come by. After a 20-25% down payment your cash flow doesn't even make sense after all the expenses. I always was taught to buy a place where you can kick the tires, but with the prices here in San Diego is it worth it? I would love to one day own 100s even 1000s of units, I would love to have my team of handymen, plumbers, electricians, etc. and I definitely don't mind working 7 days a week if I have to, but it seems with the market I'll never get started. I'll take any advice. I'm hungry. There is many articles on here but I'm tired of researching I want to take action.

Welcome @Aaron L.

I'm in the same boat as you and @Traver Freeman , stay at home Mom to a 1 1/2 year old, one income. Bigger Pockets is great place for advice and to learn. I'm in San Diego also it's a little tougher market over here since prices have sky rocketed and the banks require a large down payment unless you're doing FHA or all cash of course. I've been looking for awhile since I'm a Realtor and it's easier to access the MLS all the time, but it's tough to make money unless you know what you are doing, out of state investing is also another way to invest if you want passive income.

If you have questions on San Diego properties or want me to look up something for you on MLS let me know.

Take care and good luck!

Anthony