All Forum Posts by: Uzma Abdullah

@Brooke Wilson Thanks for your input! We have been very picky about staying near Irvine - primarily due to the schools and our networking/social circle is in our corner. We like this area as it adds to overall quality of life for us.

We have been exploring Bakersfield to invest in as there are some great opportunities we have come across with over 12-16% CoC and opportunities to rehab and add value. This play wouldn't be for appreciation but primarily cash flow and the ability to refi and repeat.

Thanks again!

@Brian Kantor - Hi Brian, yes unfortunately super hard to come across. Our eyes are peeled for that kind of opportunity it’s but it’s pretty rare around where we live. House hacking would definitely be a great option!!

Hello BP family - my husband and I are looking for some advice on whether we should buy our own home in Southern California (specifically Orange County) or whether we keep paying rent and invest out of state to build our rental portfolio. 

Here is some background information to help. We are currently a family of 5 paying $3,400 for rent in Irvine, CA. We need more space, so looking at rent around $4500. If we buy, we will likely pay around $1.2M, with roughly $400k down (in order to stay under a jumbo loan which max's out at $822k). 

We currently flip homes in Dallas, TX and have been slowly adding to our buy/hold portfolio. We are have the $500k lump sum that will be coming soon from selling some of our properties in Toronto. Because rent is so high here, does it make sense to buy and build equity this way (so we can eventually take out a HELOC and invest), or do we continue paying the high rent and use this to jump start our portfolio with larger multifamily residences (specifically in Dallas, TX and Bakersfield, CA).

Interested in hearing your perspective. Ultimate goal is similar to many...to reach financial freedom and generate enough cash flow so my husband can leave his W2. 

@Mark Albini Thanks for the info on Evansville, Indiana - will look into this and reach out to you if I end up coming to this area to invest.

@Alyssa Dyer Thanks for your insight! Would be happy to reach out when the time is right.

@Zeke Liston @Michael Reisman @Mikael Winkler @Brandon Goldsmith @Remington Lyman Thanks everyone, seems like Columbus is a popular one!

@Account Closed Thanks for the encouragement and advice!

@Brandon Goldsmith Yes, Columbus seems hot because of the growth market! What percentage rent can you expect there? Is it at 1% and is there appreciation? I’m also curious whether the MFHs would be higher maintenance due to the older age of the units?

Hello BP folks!

I am relatively new to real estate, specifically in the US market. I live in So Cal and have 3 properties in Toronto, Canada. My husband has been doing well with flipping homes to accelerate our cash savings. Our vision is to use these profits in addition to some cash saved aside and invest into buy and holds in the US. We have some ambitious goals to grow our portfolio through BRRRR, and I'm currently exploring markets for out of state real estate (So Cali is not an option!).

We are looking for RE under $100k that will cash flow positive and has some appreciation (but cash flow is priority). We are trying to decide whether we should go with a SFH or MFH as our first "get our feet wet" opportunity. But where I would love to get some advice is on WHERE to invest? Through some research and advice, I've come up with a few locations, but would love to get your thoughts on any of the below locations or others not included. I know I will have to take it further and narrow down the neighborhoods, but once I lock in my "where," I will look for some local agent support (will probably start with finding someone through referral or BP!):

- Columbus and Cleveland, Ohio

- Saint Louis, Missouri

- Phoenix, Arizona

- Kansas City

- Oklahoma City

Looking forward to hearing what you all have to say...!