All Forum Posts by: Zachary Brenner

Hello everyone, I'm new to BP and am so thankful for the members here who share such great insight and information. I joined BP with the intent of networking/ gaining knowledge with the goal of investing in buy and hold properties in cash flow markets. As I continue to read forum posts and listen to the BP podcast, I thought it would be wise to ask for feedback regarding my overall situation before moving ahead with my original plan. I currently rent in West Hollywood, Ca which is a rent controlled market. I've been in my unit for about 5 years and am paying about 1250/mo which is probably $400 or so below the market rate. This allows me to put money away on a monthly basis while also enjoying the area in which I live and work. Because housing is so expensive here I felt that buying a cash flow property or two (presumably out of state) while continuing to rent myself would be a better choice than putting my investment fund (60-80k) into a 350-400k condo that is smaller and offers less amenities than my current place. Would it make more sense to buy here and live with the high mortgage or to purchase a couple rental properties instead? Any feedback would be greatly appreciated, thanks all. Best, Zach

Wow, thank you all for reaching out!  Your help is really appreciated.

Best,

Zach

Thanks guys, I really appreciate the responses.  Everything I've learned here points to the PM being such a huge factor when investing out of state.

Hey everyone, my name is Zach and I was born and raised here in Southern California.  I've been binge listening to the BP podcast for a couple weeks and so appreciate Josh and Brandon's honest and direct approach.  You guys are the "Motley Fool" of real estate.

Investing has always interested me and I'm currently looking for buy and hold cash flow properties (most likely out of state) and had the following question:  once I've decided on a market in which to invest, what is the next step?  Contacting a turnkey?  Or a property management company?  

Thanks to everyone who has shared their knowledge and experience, I feel like you've already saved me from just throwing money at a property without doing the appropriate legwork.

Best,

Zach