All Forum Posts by: Zeke Liston

I want to get started investing in rental properties where I live (NY) before I venture out of state but I have 2 major concerns about NY: tenant laws and high prices. It makes me feel like I'm stuck.

I've been networking locally and met a successful investor who recommended section 8 to me. Does that really help with my 2 main issues? I can see buying a cheaper property in a less desireable neighborhood but I'm thinking it'll still need to be rehabbed. What do you guys think? I appreciate any advice. Thanks

P.S. - I just read the section 8 bible. Great book! But I'm pretty sure I can't find any houses for 20k around here

Single. Make $100k as a w2. Just bought my first property which I am going to house-hack 2 rooms at $600 each. I live in CA. Should I continue with my idea of buying my first investment home outside of CA? or should I wait let things settle until next year?

Hey guys, I have done a few deals but still wet behind the ear. I need some advice here. I live in Virginia where I reached out to a home owner who lives in another state who has a house that has been unoccupied for over a year. He wants me to make a cash offer sight unseen and I will not be allowed to get inside the property. What are some recommendations to mitigate this situation? 

Hi folks,

Nice to meet you all. I am a newbie investor and looking to begin kickstart journey. I'd like to your feedback on two options I'm considering. I've read many discussion on this forum, but nothing really comes close to your own experience. 

I have access to $250k (tied to my stock portfolio) that I would like to invest in real estate. I've read several books on REI thus far but realize that the great minds on this forum can also provide significant and relevant insight on strategies they'd apply in current market conditions if they could start over with $250k in cash.

For context, my family and I reside out-of-country, at the moment, but will likely return to the US in 1-2 years. Nevertheless, our first few moves will be executed while abroad. My wife and I have 3 kids, so house hacking wouldn't be an option for us.

The options we had in mind are as follows:

1. BRRRR: All-cash purchase and rehab of a SFH or small multi-family up to $250k. Wait for first few fed rate cuts and refinance to purchase the next property, and onwards. It could make sense to take advantage of minimal competition and relatively "low" home prices while interest rates are still high.

2. Buy and hold a turnkey SFH with 20-25% down. Get our feet wet and gain some experience in this space and, in 6 months to one year, either purchase another SFH with a mortgage or go for an all-cash purchase and start BRRRRing. My fear is that acquiring a of couple properties with a mortgage and then BRRRR later will likely put us in a position where we won't have as much cash left for an "all-cash" purchase and then BRRRR.

A few other points for context:

1. We have excellent credit and can quite easily qualify for a mortgage.

2. We do not own a single property and have zero debt.

3. We have aggressive goals as they pertain to real estate investing, and plan to be fully dependent on it in 5-10 years to replace our W2s (currently at $300k).

4. We're open to other strategies i.e. short and medium term rentals. 

What would you do if you were in our position? :)

Greeting BP,

Curious to hear some general thoughts on how high is to high for home prices. Im looking in the Westerville area of Columbus and some duplexes are going for 400k. How realistic is it to expect much appreciation on a property that high already? With rents as well in the $1500+ range how high is too high before people just cant afford it in Columbus? I know Intel is expected to bring wage growth but can we really rely on that as fact? Even so, how much could that really impact?

Hello Everyone,
My name is Noah and I currently reside in San Diego. I'm still in the research phase but I'm looking to pick up my first SFH property out of state. I'm hoping to connect with other California investors in the same boat and learn from people who successfully manage properties out of state. I Look froward to meeting and connecting with fellow like minded people.

I am trying  to purchase a multifamily house , outside of the city where i live it wis about 150  miles from my location ,  how do i figure out the demographics of the area and also the medium income around the area where i am planning to purchase . do i need to look for any big stores/shopping malls or any govt offices around the area to see if the place would be ideal for purchasing the property for renting it .

I would like to start my REI and not sure how to move forward. I have access to $50-$75K to start. I own my own home for the past 15 years. Have 780+ credit. I am self employed though so not consistent income. I'd like to get into a duplex or something, but don't want to live at the property. I'd like to invest in my own area (So Cal), but if not feasible I'm willing to find something out of state. Also I am open to either start doing wholesaling too if that gets my feet wet and start bring in some cash. My goal is to get good cash flow and possibly flip short term to cash out. I

Starting my journey in Real Estate, focused on buy and hold multi-unit properties in the CT and FL states.

Hello everyone,I was wondering if any of you would mind sharing a bit on how you first began,and give a brief description of what you had to start with and how you scaled to where you are now.Thanks!