All Forum Posts by: AJ Singh

@Naga Avinash Raya

You need to be patient in your RE journey and sometimes it gets referred as paralysis analysis. When you are ready to invest, you will do for sure. 

your discount is in the buy price. which will not be in a turnkey provider price for sure.

your best option will be in getting an off market transaction in todays maket. whether you BRRR it (which is not for everyone) is your personal decision.

a rental will be a good choice as well locally. 

@Michael Hren

first identify the cash flow market and the neighborhoods to invest in. 

finding a rental is the next step. that can be done via turknkey providers or a realtor. in both cases, you will have to use a third party property mgt co.

just have to be patient to start the RE journey

@Joaquin M Dugan Jr 

We Invested in Memphis 5 years ago for cash flow reasons and got appreciation as well . If you keep your goals to B neighborhoods and Assets, you will do well. Research the city and visit before you invest. It has a lot of positives. 

As @Kiera Underwood mentions about turnkey operations, there are good and bad neighborhoods in very USA city. 

DFW area is so hot in multifamily, why wouldnt you invest locally? just curious

@Bryan Hancock 

you said it right. multifamily syndication tax writeoff is overblown. Also at the end of the cycle, if asset is sold then the depreciation captures comes back and is added to gains. And Yes, Syndication also carry a lot of risk if assumptions and proformas dont pan out

@Gabriel Rodriguez

Congratulations! Memphis is a great cash flow town and you have chosen your turnkey provider well. You may be able to find great bargains in the off market but sourcing reasonable vendors without a local partner is tough. Best of Luck!

@Sarah Singh

try to connect with Simmi Ahluwalia on LinkedIn. I am not sure if he is on bigger pockets. He should be able to guide you in the right direction.

i have a local banker in memphis and will ask him how to finance for an overseas investor as well.

@Axel Enriquez

you can always ask the seller to deliver you vacant premises. whatever the seller has to do with lease of the tenant is upto seller and seller can also do cash for keys. That will be best strategy for you to capitalize on BRRR strategy and a true value add.

Dont go turnkey route unless you want to remain passive and collect 100-150 a door.

@Jennifer S.

They are a great family and following the FIRE strategy. we wish to do the same next year. Covid threw a wrench in our plans.

Congratulations. 

@Lane Kawaoka

i know cost seg is the big buzzword. But caveat is that one needs to be a real estate professional to take the K1 depreciation. Also at the exit strategy, all the depreciation write off gets counted in the taxable structure.