All Forum Posts by: Sebastian Garcia

Hi Brandon, thanks for your reply! So I narrowed to those markets mainly because of the following things, not necessarily all 3 markets have all of these points at the same time:

• affordability / relatively lower entry barrier

• young professionals population increasing or expected to increase which could also mean job market growth

• Landlord-friendly cities/states

• Florida is also on my list because is closer to home (Puerto Rico)

0 Votes

Originally posted by @Ryan Husser:

Hi Sebastian,

Welcome to the real estate game! All the markets you listed are great markets to invest in, but you need to find the best one for you. I would first determine if you have a built-in advantage in either of those cities. For example, do you have family or friends that could help manage the properties already located there? If you know people there already, I would strongly recommend reaching out to them to see if they'd be interested in partnering up or helping you manage and find new properties.

Next, I would research different areas in each to see if you want to go for higher cashflow or higher appreciation. Some cities have both, so you might have decide what strategy you want to go after first. After that, you'll want to interview great agents in the area who have experience working with investors. They can be your biggest asset when trying to find an investment property. If you have time I would also recommend that you visit the city in person and drive the neighborhoods to get a feel for different parts of the city. With Facetime and Zoom you shouldn't need to visit in person when put an offer in, but it is a good idea to see everything in person at the beginning to get a rough idea.

Hopefully this helps!

Hey Ryan, wow thanks for the relply! Unfortunately I don’t have that type of advantage in those cities so I would need to rely and account for property management. My main goal is to find a good cash flowing property so like you suggest, I should look into which cities there’s better opportunities for good cash flow.

Thanks for all the tips, will definitely take all this in consideration 👍🏽

0 Votes

Originally posted by @Brandon Goldsmith:

That all depends on your goals for REI. You have highlighted some of your interests but as far as the cash flow vs. appreciation will play a factor. Good luck! @Sebastian Garcia

Hey Brandon! My main goal is a good cash flowing property.

0 Votes

Got prequalified for a conventional loan and now researching various cities to invest in a rental condo apartment or townhome.

So far I’m very interested in Houston, TX, Tampa, FL, and Columbus, OH. What do you think of investing in any of these?Are there any other cities/areas worth digging and researching more into?

3 Votes

Originally posted by @Sally Carr:

Agreed, do the apartment thing or multiplex. Don't worry so much about what the tenants want. If you are in a good rental market and have a decent product then they will come. Make sure the deal has plenty of profit to make those returns on your money.

I’m leaning more towards an apartment unit, but my concern with that has always been how to stand out from all the other units in the same complex? Because in a single fam home, or duplex, there’s the opportunity (if found) and benefit of renovating the interior/exterior, adding an extra room/bath etc to attract renters (aside from forced appreciation).

0 Votes

Originally posted by @Peter Nikic:

Depends on area, an apartment would be easier for you. Requires (generally) no exterior work/repairs on your part.

This makes a good point, at least on that matter I wouldn’t have to worry about exterior work/repairs. Thanks for your input!

0 Votes

I’m getting ready to invest in my first rental property, have good amount for down payment and about to start pre-approval for a conventional loan. However, I’m still very, very undecided on which type of property to buy: should I do a single fam home, a unit in an apartment complex, a multi fam home, a townhome? What normally is more appealing to a renter, a house or an apartment? All these questions have me kind of stuck and would love to get input on some experiences some of you might have.

1 Vote

All Forum Posts by: Sebastian Garcia

Sebastian Garcia has started 2 posts and replied 7 times.

Post: Which city/state to invest?

Post: Which city/state to invest?

Post: Which city/state to invest?

Post: Which city/state to invest?

Post: Getting ready to purchase my first rental!

Post: Getting ready to purchase my first rental!

Post: Getting ready to purchase my first rental!