All Forum Posts by: Spencer Brett

If you are looking to invest in multi family remotely, I would start off with an analysis of property price to rent ratios. When property prices continue to rise, but rents remain stagnant, that is not where you want to be.  Yes, I would look into the information that you provided as well as other factors to ensure that the location that you choose is ideal. If you listen to BP podcast then I am sure you hear them rag on Detroit. This is because non-investment related issues make the area hard to be successful in. 

As far as doing market analysis, I would go with MLS. This will provide you with a lot of data in relation to real estate, but Im not sure how far it goes outside of that. Real estate is not just about numbers. Real estate is local, and it spans further than rents and debt service. I think your best bet would be to look for a mentor that does remote investing in multi-family and see how they are choosing their markets. I know that there are podcasts on the topic.

Hey Chelsea, 

Welcome to biggerpockets. You look familiar, I could have sworn that we have met someplace. 

Good luck finding your multi-family. 

@Corey Donahue, that would be awesome! I'm new to the are, so not familiar with potential locations. 

Shoot me a DM, and let's tag team this thing. 

Hey all, I am in the middle of closing my first deal, and most of my time is being ate up by that process. I still plan to host the meetup, but I'm probBly going to have to push it back to next month. 

Do any locals have recommendations for spots to host? 

excellent Ricky. I'll follow up with details in a couple of days. 

Looking forward to it! 

@Tom Parris

That would be great. DM me with your cell number if you want. 

glad to see that we have an interest. What areas of investment are you all interested in or currently engaging in now? 

@Greg Woodard. Cool! I will definitely be in contact with you about it then. I am hoping to have it kick off before the end of August. 

Hello All, 

I would like to organize an investor's meet up in the Tampa Bay area. 

I know that Bigger Pockets encourages starting meet up groups, and I would like to start one. 

If you are interested, comment below and let me know! 

I will start ironing out the specifics of meeting place, time, etc. 

Thanks, 

Spencer McDuffy

Hello, 

How do you all recommend going about analyzing a house-hacking deal? 

I have used the rental property calculator. Is there anything to consider in running the numbers considering a temporary owner-occupant situation?