All Forum Posts by: Sam Mukunda

Hi all,

I'm currently in bay area, looking into out of state rental investments. I'm a total newbie at it.

Want to understand best possible route to take in this field.

1. What are the top states/cities that are hot right now for making a purchase ? Im looking at SFH/MFH under 300K.

2. Do you recommend buying tenant pre-occupied properties whether SFH/MFH?

3. What is the typical cost associated with out of state investments ? What are some of the hidden costs ? 

4. What is the usual cost associated if I were to hire a property manager to manage the house ? 

5. What is the expected ROI after deducting property management costs ?

6. Are roofstack /rentToRetirement reliable sources ?

Appreciate your thoughts. Thanks in advance.

Hi,

I am just getting started in the real estate investments for diversification and for my FIRE goals! I am currently in california, and i want to buy cheaper rental properties in places like Ohio, Virginia,Texas, Vegas...etc.. I want to start with 1property, and i will be dependent on property manager to manage everything as i will be out of state. 

What recommendations do you guys have in terms of deciding the final zipcode for my 1st rental investment ?

My goal is to find something less that 150k and aim to get atleast 1% in monthly rents. 

Appreciate your help!