SFH Portolio vs. Individual Acquisitions

[Dean B.]

Hey BP SFH Pros! We have been bouncing around ideas of investing out of state because seeing any possibility of buying "investment" property anywhere near our home (SF Bay Area) seems unlikely. It's bananas here (as others have posted) for SFH and Multifamily - multiple bids on every property we are interested in.

I'm curious to hear feedback from BP members with a large SFH portfolio (outside of the state they live in). We're looking into Ohio, Tennessee, Nebraska markets. Our goal is to buy 25-30 homes over the next few months with goal of 100+ within a years time. We have about $1.5M to put to work now with an additional $3-4M to put in a few months.

Any feedback on the pros/cons of this setup?  

How is your experience using local prop management companies? 

Buying a portfolio of homes vs. hunt and peck individual ones at a time?

Any recommended portfolio lenders?

Devils advocate...why not Multifamily? Why do you like your SFH portfolio?

We're liking the numbers a SFH portfolio like this can generate (when buying the right houses) compared to the variety of other options we've evaluated: DST, TIC, NNN, Multifamily, OZ. Any and all feedback would be greatly appreciated.

-Dean

[Remington Lyman]

Originally posted by @Dean B.:

Hey BP SFH Pros! We have been bouncing around ideas of investing out of state because seeing any possibility of buying "investment" property anywhere near our home (SF Bay Area) seems unlikely. It's bananas here (as others have posted) for SFH and Multifamily - multiple bids on every property we are interested in.

I'm curious to hear feedback from BP members with a large SFH portfolio (outside of the state they live in). We're looking into Ohio, Tennessee, Nebraska markets. Our goal is to buy 25-30 homes over the next few months with goal of 100+ within a years time. We have about $1.5M to put to work now with an additional $3-4M to put in a few months.

Any feedback on the pros/cons of this setup?  

How is your experience using local prop management companies? 

Buying a portfolio of homes vs. hunt and peck individual ones at a time?

Any recommended portfolio lenders?

Devils advocate...why not Multifamily? Why do you like your SFH portfolio?

We're liking the numbers a SFH portfolio like this can generate (when buying the right houses) compared to the variety of other options we've evaluated: DST, TIC, NNN, Multifamily, OZ. Any and all feedback would be greatly appreciated.

-Dean

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

https://www.biggerpockets.com/blog/core-four-real-estate-team

I invest and work in Columbus, Ohio.