All Forum Posts by: Taylor Marks

@Taylor Marks

Welcome to BP. I used to live in SLO and loved visiting SB. I've since moved to Tahoe, NV and work in the greater Reno market. We work with many clients looking to invest out of CA. Nevada is landlord friendly, low property taxes, and close to CA. Happy to connect and hear about your ideas on investing.

 That's good to know! I was curious about meetups locally. I'm trying to find keywords... Said the newb.... 

Hi @Taylor Marks! I'm in Santa Barbara too :) I've been here for 14 years, started as an investor and am from an investor family, and am now a full-time real estate agent with Village Properties. You mentioned that you're not interested in investing in California which I totally understand. Santa Barbara specifically is a very, very nuanced area for investing. It's almost like everything we hear on the BP podcast doesn't actually apply to us haha. But if you're interested in learning more about the intricacies and the huge potential upside in SB, let me know. I'd be happy to chat! 

Also, one of my favorite local lenders, Julie Angelos, and I are creating a webinar for investors. I'll chat about the realtor side and she'll go deep on lending. Is that something you'd be interested in? If so, I'd love to get a few questions from you that we can incorporate into the session!

Welcome! I'm just over the hill from you. There's a monthly meet-up in the Funk Zone. Set your keywords to SB and follow @Baird King and when he posts, it'll come up for you. He's done a great job growing it from just a few people. While I still have an investment in CA, I bought it in 2014 at the right time, and I've since moved investing out of CA because of the lack of cash flow. Lots of great info on here and you could also check out the Strategy book to help you find some focus. Happy to answer any questions I can help with.

I would first find a market that is suitable for you and showing signs of potential market growth. Then I would focus on growing relationships and building your core 4. The core 4 is essential to long-distance investing. It consists of a realtor, contractor, property manager, and a lender. Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.

If you're interested in out-of-state investing, there are some great opportunities in the Ohio markets. Many investors from California are investing in the mid-west because of the yearly cash returns making more sense in these lower priced markets. I moved from the Florida market to start investing in Columbus.

 Hey @Taylor Marks congrats on taking the first steps in your real estate investing journey! I'm originally from San Francisco, CA and started off investing out of state back in 2021. 

Best thing to do, in my opinion, is to do some research:

1 - Figure out what your end goal is and how you plan to get there

2- What niche you want to invest in (single-family, small multi-family 2-4 units, large multi-family). I recommend a single-family to start b/c you're going to learn a lot from your first property. Single-family properties present less wear and tear on your investment and allows your to limit your financial liability. 

3 - What type of market your looking for (cashflow primarily, mixture of cashflow & appreciation, primarily appreciation). 

4 - Get in touch with local boots on the ground - as others have mentioned, the core 4. A solid investor friendly agent will be able to help you navigate this one. 

Good luck on your new journey and let me know if you have any questions! 

Hey Taylor! Welcome aboard! I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Here is a summary of the book.

https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greene

The book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.

I invest locally in Columbus and Cleveland. I can send you a list of contacts in Ohio to help you build your team, property manager. Let me know how I can help!