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Anyone in SoCal?
Additional Posts in The Real Estate Bowl
Can I get a commercial loan without 25% down?
Are the <3.5% rates gone for good?
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I wonder how many DMs you will get from would be scammers due to this post lol.
I hope zero and i hope i actually get some advice.
I am actively involved in my firm’s real estate industry group. I could think of a number of variables and considerations I would suggest to a client with your question. Reliance on local third parties for active management, local laws, tax considerations, unfamiliarity with local real estate markets, legal and tax differences could all impact potential cash flow and investment appreciation and the NPV of the investment and your ROI as well as peace of mind.
Real estate is a long term investment and if I were to invest in a different state, you can’t afford to not do due diligence on the properties as well as any partners you may take on to help manage the investment.
Your own capital? Best to invest in public equities. RE’s purpose as an investment is to diversify and act as a ballast to large portfolios - think pensions, family offices, etc. Most individuals will be far better off in a broad market equity index.
If OP had done what I said when he posted this his 100K would be worth 104K by now and he wouldn’t have had to lift a finger.
Find a college town, find an affordable 4-5 bed, inspect, then brrr (buy refurbish rent repeat). 10 years you’ll be chilling
Brrr is buy renovate refinance repeat. The refinance is a way more important part than rent. 100k liquid isn't enough to brrr imho
Mentor
Find an investor or two who can be your mentor.
Once you learn how to properly underwrite, you’ll realize that it’s all just a numbers game.
I’d be curious to hear what you think a “good deal” is.
I second find a good mentor… you don’t want to go into something like this without being educated about how to underwrite deals and the steps for due diligence, financing etc
If you’re set on investing in RE, look for properties near colleges or military bases. My properties have a steady stream of potential renters in locations like this. Multi-door properties are a plus.
If you’re looking for other options outside of RE, message me and I can run some quotes for you at no charge… always good to have options!
Target universities with strong revenue generating athletic programs. You’ll have a steady stream of renters plus the option for short term game day/season rentals.
Im an investor and can help you. First -- why do you want to invest in RE? Returns would likely be lower than if you stuck in an index fund if you're not managing it yourself. You can manage it out of state but it isn't easy.
Messaged you.