All Forum Posts by: Tony Xu

@Ingrid J.

Thanks for the reply. I think I would do as much as I can, but I would definitely need property management because I'm in California. 

I definitely don't just want to rush in to a deal, I would want to vet the property in terms of income, expenses, cash flow etc instead of just taking a turnkey company at their word. 

@Account Closed

Haha, I think Engineers in the bay area are just as bad :P But yeah, I definitely would do what I can on my own if possible, however, being remote I will definitely need some help. I will still run my own analysis in terms of income, expenses, cash flow, etc.

Thanks for responding

@Trevor Lohman

That sounds awesome, lets connect and help each other out! I know what you mean, luckily I'm surrounded by some people that love trying to make money, so people think I'm less crazy haha

@Eric Delcol

Thanks for the response! I think from everyone's responses, and more research, it looks like B neighborhoods in Kansas City are the best bet for me. 

I definitely don't mind putting in some work, but being so far away, I don't think it's possible for me to do it without help. So I'm not saying complete turn key in where I do nothing, but maybe finding an agent to help me find the deals, and then finding a property manager. I would also need contractors. What I'm not sure is how I would find people that's in the Kansas City area that I could trust. 

So any advice here would be greatly appreciated. I will definitely ping you via PM, thanks!

Hey everyone!

So I am still fairly new to REI but have been doing a lot of research on the blog and forums. I am mostly interested in maximizing cash flow, even though some appreciation would be nice as well. I am mostly focused on small single family homes, and maybe small multi units. My ideal investment for each property would be in the ~20-25k range, so putting it around ~100k a property. I would ideally be looking for A, maybe B grade properties if A grade is not possible.

I started narrowing my research with https://www.biggerpockets.com/renewsblog/2016-inve... and started with the top 10 markets for cash flow. Then I did further research, especially focusing on growth in the tech sector, since I work in that sector and do believe that it is the future, and will provide stability in the region. 

With that, I narrowed my focus to 4 cities, Kansas City, Jacksonville, Tampa, and Detroit. 

I am just wondering if there are people that are in those markets now, and have any advice about which one might be best for my situation. I think initially I would probably start using a more turn key service, but then move in to having my own team as I get more experience. I will be remote since I live in California.

Thank you for reading and your advice!

@J. Martin thanks for your response! 

I would love to join the meet up in SF, I am going to the one in Berkeley in a couple of weeks! I am definitely still just learning and doing my research, I do like the idea of buying local but because of how expensive it is here now I don't think it's a good option for me for cash flow.

Maybe we can go grab some Korean BBQ when you are back, it's one of my favorite foods! We can talk about networking and some travel tips, I've actually just got back from the Taiwan and Philippines this year, and I went to Thailand, Japan and Korea last year!  

Looking forward to meeting the Bay Area crew! 

Hi everyone! 

I am fairly new to real estate investing and mostly here to learn and network! I'm currently in my late 20s and work as a senior software engineer at a big tech company in SF. I was fortunate enough to start off with a 6 figure salary, so I have no debts, and am already investing in things like index funds, 401k, my company's stock plan, etc. I am looking to branch in to real estate investing next and looking forward to networking with the people here!

My main goal is to build up my personal net worth and gain cash flow. Since the SF markets is not really currently in my price range, I am looking to make partners in other regions, either the midwest or Texas area, maybe starting with a turnkey service and eventually moving in to having my own teams as I get more familiar with everything. 

Ideally I am looking at single or multi unit rental properties that can be cash flow positive around the ~100k range, so ~25k down. That way, I can get multiple properties and spread out my risk.

I am definitely looking for people from all regions and skill levels to network and learn from. Even though I probably don't have a lot I can help with on the REI front, I might be able to offer help in other areas such as new technologies, etc.

Looking forward to meeting everyone!

Look forward to it.