"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
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I am from the bay and I have never seen a bandit sign that says we buy houses around here. It is kinda weird.Another alternative is to have the home owner contact you, and that is why you will see those sign that say things like "we buy houses, pay cash" or "we stop foreclosures", which are targeting distressed sellers.
Definitely true. Some people say deals are everywhere, and in fact that's a true statement, yet why work A LOT harder to find good deals when you can just extend your horizon and invest in other parts of the country. I was living in the Bay Area when I first became interested in RE, and everything on the market was above my purchase price, so I decided to invest in Arizona (which is were I'm from so I knew the area quite well). Within no time, I found many superb deals, and within a month I had a contract. Oh, yes, and then I rode the wave and experienced an unbelievable rate of appreciation. If I would've stayed local, such wouldn't of happened.Living in expensive areas does not help when buying properties that cashflow (or at least break even) as rents are not even close to mortgage payments......Given this situation, WHY NOT INVEST IN AREAS THAT DO MAKE SENSE?
How long did it take for you to find the right investment? Did you have to keep going back and forth from Cali to Arizona? Also, did you have any trouble finding the right property manager at the start?I was living in the Bay Area when I first became interested in RE, and everything on the market was above my purchase price, so I decided to invest in Arizona (which is were I'm from so I knew the area quite well).
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