All Forum Posts by: Suzy Crawford

Thanks @Marc Freislinger! Any contacts you may have would be appreciated. Otherwise, I I will do my search here on BP. Thanks!  

Hey guys! Need some advice here. 

I have a SFR in AZ with tenants currently in place and their lease lasts until 3/2016. The house cash flows well and is 'turnkey' but I have been saving money and will use the equity in the home to buy another property. So my question is, does anyone have any experience selling an investment property directly to another RE investor without a realtor? If so, where is the best place to find these investors and what is the process to do this?

Thanks!

Suzy

Thanks @Nicholas Varner! Appreciate the insight.

Hi @Ali Boone! I'm in the Marina on Marquesas Way (Esprit) right by the water. :) I work in Venice though right off Rose and Maine. Haven't been to Hinano's yet but just looked it up and definitely want to check it out!

As for geographies, I was doing research and read up on a few real estate market articles/blogs on the site and Cleveland and Minneapolis were mentioned. They are not huge in expected growth but the price points are very attractive. For a multifamily with 25% down we are looking at max $140K price point but in these markets it doesn't seem hard to find that. Goal is good cash flow and not to bank on appreciation so that we can reinvest that cash flow into another property(s) and so on. :) 

@Joel W. Thanks for the input! And yes, once I do pick a market I will definitely be flying out there before I buy. 

@Nicholas Varner Specifically, I'm trying to understand what the best areas are in each market (definitely will be digging into the map Cleveland neighborhood map @James Wise posted on here!) and what I can be expecting for cash flows. I have about $40K to put down so I'm going to be looking at lower priced properties but hoping to get some good cash flow out of them at the same time. Any advice you have on either of these markets and where I should be looking would be great! Definitely need to establish contacts as well because right now I'm only looking at properties online (i.e. Redfin)

Thanks everyone. Very helpful!

@James Wise - Wow that's a a awesome map/post. Extremely useful. We are looking to purchase fairly soon so be on the lookout for a message if it's ok with you!

Thanks again. 

Hi everyone - 

I'm looking to invest out of state and have am considering Minneapolis and Cleveland as potential markets. Looking at low price point multi-family properties with cash flow but I'm out of state so still learning about these markets. Does anybody have any advice or thoughts on these cities? What neighborhoods to look at/not look at? 

Also, as an out of state investor what is the best way to get contacts/realtors in the cities I am considering? 

Thanks for your input!

Suzy

Hi @Justin Dutchover - Welcome to BP! It's great to see another Marina del Rey person here. I'm also new and am going to the LA BP meetup next saturday at 11 AM to meet fellow investors. Here's the link with the info: 

https://www.biggerpockets.com/topics/237617-los-angeles-meetup---october-31st-2015

@Steve HogheAwesome! Excited to have another newbie there. From the looks of your profile it looks like we are in similar situations: new investors looking for markets for buy and hold properties. 

@Billy MaloneyAwesome! Thanks for the information Billy!