Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

You can use a SQ FT format to guess rehab but that is only good to initially look at a deal.

It mostly means you don't want to deal with banks initially. 

Focus on finding and underwriting deals. 

So find a deal that makes sense with a fair rent and then you can choose a tenant that has a voucher.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

The entitlements would cost 50k to do. we'd make 2 million on the land if we do the deal. stick to the same market and same asset class. we do urban adjacent urban infill for midrise in hotels and extended stays and apartments in Columbus Ohio. what market are you in?

@Kolby KnickerbockerEvery market has deals.

This is critical to understand if they will be a headache to deal with.

I want to start building our portfolio and would love some experienced help with direction.Over the past ten years, it seems like I've had numerous deals/ideas that just didn't come to fruition and I'm just feeling a bit defeated.