All Forum Posts by: Todd Anderson

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.  

Paul, welcome to BP! you are in the right place to learn about RE Investing. I happen to be at BPCON right now and there is a lot of ways to learn with BP.

There is certainly many opportunities in Florida for Investing.

Please feel free to connect if you would like a conversation on how to get started.

Priscilla, welcome to BP!   you are in the right place to learn about RE Investing.  I happen to be at BPCON right now and there is a lot of ways to learn with BP.

There is certainly many opportunities in Florida for Investing.

Please feel free to connect if you would like a conversation on how to get started.

Jaden,  Welcome to BP.   I would agree with the thought of a house-hack for someone in your situation.  It is a great way to get into a multi family property for very little down.  

I have worked with a number of investors that are very happy with that area in NC.  I have an investor that just moved forward with a new construction duplex that happened to be fully rented when he bought it .

Best of luck to you and connect if you would like to talk more. 

Rahul,

Welcome to the BP community.  This is the place to find all the information necessary to make that first plunge.  

@Wale Lawal,  you are right on point on area.  That is a great list of considerations for what most investors are looking for.  

As for the strategy,  I know all the hype is behind Brrrr,  but this comes with a lot of risk for the first investment.  Many of the investors I talk with have themselves or know someone who has tried the Brrrr and ran into one of the many stumbles that this strategy has.  Not to mention trying to do this from a distance.  Unless you are in the area or have a team that you know can handle the entire proses, be carful.

Many of the investors I work with find, you can find a new construction investment, in an area of obvious appreciation, that cashflows day one.  You have less repairs and own a property for the best years of its life.  Then if you can find this with a turnkey provider that has veneers for you to use,  the investment is much less risky and can have some similar returns over time.   

Please connect if you would like more detail.

Best of luck.

Rocco,

Welcome to the Real Estate world.  BP is a great first step to find your direction.

Your plan on getting started is right on point.  I would recommend the House hacking strategy to any one who can.  Multi family is the best way to do that.  Your exact thought of a quad is precisely what I recommend in your position.  I have talked with 3 Investors this year that have done that same thing.  I happened to be at an inspection yesterday for an investor that will be closing on his first quad in Jacksonville in 3 weeks.

As for where, I think the choice between those two markets is easy.  Most investors are looking for an area that Landlord laws are favorable, and  the economy is growing and the population is growing.  For the investors that I work with Florida checked all the boxes.  I also recommend, If they are not looking for another full time job, to consider New Construction.  That way the investor should have few repairs or surprises in the first 5-10 years because you are owning the property for the best years of the building's life.  There are great markets throughout Florida that are still affordable and growing.  

Please connect if you are looking for more detail.

Best of luck.