All Forum Posts by: Todd Anderson

Antonio, Take your time and look around at areas.  There are a number of choices even on this thread.  If you are looking to build a portfolios and are looking to have the properties managed then you can really choose from anywhere in the country.

When I talk with investors looking at following this type of strategy, they look for areas that the growth is obvious.  This way they get the best chance for appreciation.  We focus on markets that the new construction is solid and the population has a strong track record of growth.  Many of the markets I recommend, that we have off market inventory in, are in the top growing areas in the country. 

With that part said, then look to have cashflow in this volatile market.  Buying a property that cashflows day one is important when the market direction is unclear.  This will give you the ability to weather and bumps along the way.  The investors I work with also look to New Construction because then they can minimize any surprises that may come along.  

With that said, then find a market that is and will be landlord friendly.  Look to areas that the laws are changing in the right direction.  

Let me know if you would like to connect and chat about what we can offer investors.  

Ramatu,  You might want to look at a duplex.  You can get owner occupies financing on this type of property for 5% down.  I work  with investors that are staring their investment journey this way and they find that they can get control of a great property for a small down payment.  Stay there a year and check out the area,  then a year later you can look for your end move and have a two units that will cash flow for you.

Let me know if you would like to talk about this or look at some of our off market inventory.

Eli,  I can definitely help.  I work with investors interested in the same strategy that you are looking at.  We have tried to solve for some of the problems that come with new construction.  I have worked with investors in Florida and North Carolina, to find new builds that are from 1-3 months from completion.  This makes sure that you don't have to get construction financing and can be Cash flowing as soon as you close.  

The investors that we work with are looking for a turn key solution to new construction investing.

Let me know if you would be interested in talking about our off market inventory. 

@Vhernadette Sasing, I would agree with the others that have mentioned that you find a Turnkey provider that can take care of you through the proses.  The investors that I work with in your situation like the option of going with New Construction, because there is less maintenance and surprises.  

With owing a property you can take advantage of the tax benefits of owning Real Estate.  When you couple this with the appreciation of buying in a growing markets, and the Cashflow day one of a property bought with great incentives.  The investors that I work with value that we act as their boots on the ground for the transaction and normally use the equity gain to buy the next property.  

Let me know if I can get you more information

Rod,  Welcome to BP!

I have been in Florida helping investors find their next investment for over a year now, and have worked with many investors who think this is the place to invest.  There are definitely better markets than others around the state.  I tend to recommend some of the secondary markets to the investors that I work with where the growth is obvious and the properties still cashflow.  

Best of luck in your journey and  please connect if you want to talk about investing goals.  

Alyssa,

There are many good markets around the country where you can find good deals,  The investors that I work with from California are looking for markets were the growth and appreciation is obvious and the properties CASHFLOW.  It never makes sense to buy without cashflow in a volatile market.

As many above have said, and I totally agree, the most important part of a team is to have someone with Boots on the ground.  The other part of what the investors that I work with are looking for is a turnkey proses.  You have your life in California, unless you are looking for another job, invest with a group that can handle the transaction for you. 

Best of luck and connect if I can help.  

Emmanuel,  I believe that Brandon is right. Action is the goal.  Going to a meet up is good you can get the local perspective from other investors, but eventually you will need to take action.

Depending on your goal you could partner with someone who has done it before or find a team that can help you. I work with investors who love that market you are in. It is harder to find something right in Orlando because STR is so popular. But, there are great buy and hold opportunities in all directions just outside Orlando. I work with many investors who love the Ocala area for long term Buy and hold with a solid tenant and job base.

These investors are looking for a turnkey solution that makes it easy to invest and create good cashflow in a growing market.  

Best of luck to you, connect if you have specific questions on these markets.  

Maria, as others have said the best thing about SFR is no HOA. I talk with a lot of investors who are stuck when the HOA fee goes up and they no longer cashflow.

With SFR you are in control and have many other exits. I have three homes listed right now that have great revenue form STR. they are all showing occupancy for last year over 90%

Connect if you would like more info.

Welcome to BP.  This is a great place to learn.

Is there a reason that you are trying to make something that doesn't fit to a bad market.  If you are planning on managing  your self or do a flip your self that makes sense, but otherwise look to a different market that works.  

There are many markets in landlord friendly states that offer cashflow and because of good growth, potential for appreciation.  The investors that I talk with have found that looking for the best markets is far easer and better long hold then investing close to home.  The most important start is a good team or good turn key operator.  The investor that I work with are all looking for a turn key that would provide cashflow.  We have solved for the biggest problem points in our market today.

Best of luck and connect with any more questions.  

William,  Welcome to BP.  

I agree with Karen point.  don't cross FL off your list just because the Miami area is not good to invest.  There are many other markets in Florida that have good property prices, strong employment and very strong growth. 

I work with investors who are very happy with the SW area and the Central area.  The investors that I work with like that we have an inventory of new construction investment properties in great markets throughout the state.

Connect with me for more information on some of the areas that other investors feel are the best.