All Forum Posts by: Todd Anderson

 We look in citron markets in 3-5 states now.  I still am bullish on Florida 3 different markets, the growth is still there.  Charlotte is a growing market in the suburbs.  and we just got inventory in Birmingham

Hector, great question.

As some others have said I would look to do what you are good at for a career.  something that makes you happy to do and makes you money.  save enough for a down payment and invest in loge term hold.  I always thought that in need to invest where I lived and for may years invested in bad areas that I thought I needed to.  

If there is one thing I would do different is: I would invest Out Of State in markets that had sustained growth, strong job numbers, were safe and desired, and had favorable Landlord laws. 

When I invest  today and many of the investors that I work with, find investing in newer areas, in newer properties, and in areas that the appreciation is obvious, is a great strategy. Today I look for deals that are turnkey and give me less headaches.  The investors that I now work with find that new construction 1-4 unit is the easiest way to find this property.  

Best of luck to all in 2025 

Jennifer,

As others have said you have to expand on your investing goals.  Real Estate Investing is not a "get rich quick" situation.  It needs a proper investment strategy to reach the goal you are looking for.    There is no doubt that Real Estate is a great way to become wealthy, but it will take more than one deal.  

At 40, you have time to invest and let your portfolio grow. Find a property type that you like SFR, or duplex-quad. Then find an area that you like. Many of the investors that I work with find that since they are not planning to manage the property investing out of state in a turn key investment strategy is the best route to good appreciation in a growing area and good cashflow.

If you are planning on investing $80k that is a great start for a down payment and is enough to get very favorable rates on a loan. Make sure as others have said that this is the number that you can invest. The investors that I work with find that they can get at good COC return on new construction. There is very little surprise maintenance cost and the builder can get rates that are way below the secondary market

We have an off market inventory of new construction properties in a number of areas that fit the goals of many investors.  

Best of luck finding the best place to start.

Kent,  You are getting suggestions of good markets all across the country.  

I have worked with many people in your situation.  Many of the out of state investors I work with come from the west coast.  The investor that I work with are looking for a market that they can get cashflow right away but also the the area growth makes appreciation obvious.  There a number of good markets that have been suggested for cashflow but is that area growing?  Will an investment there appreciate over the time you owned it?

When I talk with other investors in your situation they are also looking for a turnkey way to invest out of state.  they are not looking for another job.  I have four a way to offer investors New Construction Investment properties that solve for all the issues that investors face today.  There is a turkey way to purchase,  financing that you can't find in most places in this market and boots on the ground to make sure the property is right for you. 

I have a list of off market properties that will solve for all the problems.  let me know if you would like to connect and talk further.  

Best of luck!

Rea,

Congrats on getting the first one, that is the toughest.  Most of the investors I talk with have a hard time finding deals that work on the market.

The investors that I work with are finding that New Construction is a good option.  In working right with the builder I can offer the investors properties that are off market but have incentives that on market properties can't offer.  With these incentives the properties also are able to cashflow day one.

let me know if you may have interest in this off market inventory.  

Markus,  I agree with what many others have said.  

I think the most important thing that you had in your Cons is location.  The investors that I work with that invest out of their area are most concerned in the projected area appreciation.  If you invest into an area that has strong growth and good employment numbers it can overcome many other Cons.  This will make the property appreciation obvious.  

there are many properties that you can make work but if the area is not growing you are going to miss out on one of the most important money makers in Real Estate, Appreciation.  

There are too many good markets to invest in poor markets.   

Henry,  this question would depend how you buy the new construction.  As most strategies it also depends on your investing goals.  

The investors that I work with have found that there is a way to purchase New construction without most of the risk and time it takes to build.  They let the builder take on the construction financing and just are able to come in with the end financing.  With this proses the investors I work with are also able to take advantage of some great incentives including solving for the biggest problem in the field, interest rates.

The investors I work with also appreciate a turn key process on Single fam up to Quads and larger community development.  

connect if you would like to talk about investing goals or see an off market inventory.

Caleigh,  Welcome to BP and real estate investing.  

I think you are having good thoughts about your first property. I to would highly recommend to anyone in your situation to house hack in a good growing market. When I talk with the investors I work with That have used this plan they find if they are buying right in a good appreciating market with conventional financing they are able to drop the PMI after the first year. You can ask the lender to reappraise the property and if you are at the 20% equity you can ask to drop the PMI. This lets the investors that I work with have a property that cashflows as soon as they move out.

You could then do that with the next property.  I have worked with a number of investors in the Charlotte market that have done this exact strategy. 

Connect with me and I can help you with a list of off market properties that may work for you.

Best of luck Khalid, and welcome to BP.   It's great that you give some info on your project.  That is a big lift for your first project.  I hope it all goes to plan.  

I have done a few development projects for myself and it seems that in every one you hit a bump and wonder why.  I found working with investors from around the country it is much easer and safer to let builders do what they do best and I will stay on the investment side.  

Please keep us updated on the process and completion.  Having a new building to rent out or sell the units will be the nice part after the construction is done.