All Forum Posts by: AJ Singh

@Derrick Craig is right on with his advice. 

Memphis is certainly street to street. a lot of good SFR in that price range.

@Tim B.

Look into central california rentals as well before jumping out of state. 

Unless you want to scale to five or ten units OOS within two to three years, you will not be making much money. Do your own due diligence by flying to the cash flow market and taking a tour of neighborhoods before placing any rental under contract

There are lot of reputable turnkey providers and marketing companies on BP . keep reading and updating yourself.

@Austin M.

Turnkey is not that passive or guaranteed rehabbed house. There are plenty of threads on BP that should be read before parking your money in that form of real estate. 

You should either choose your local market ( where your parents or family reside ) or a secondary cash flow market where you can invest one property at a time. You do your own due diligence and make the decisions.

Making $150 to $200 a property is not changing your life in any manner unless you accumulate 20 SFR's and make them debt free as well. Then you are rid of 9 to 5 job for sure

@Jonathan Luna

i would recommend waiting till 2020. lots of landlord have not kept pace with market rents and just lost tons of equity based on proforma rents which was fueling the multifamily craze in southern ca due to rent control laws statewide.

my two cents

@Mark S.

i am using state farm for our 15 rentals in memphis. private message and i can refer our broker

@Raj G.

Sorry to hear about your ordeal. Both Maverick and Hipster are marketeers who will align you with rental house provider in the city of your choice. You are out of money but you are also out of a permanent headache. 

I would recommend you to continue your real estate journey even thought you lost money on this one. Most of us investors have lost money in the learning curve. 

Get a local realtor and a property mgt company in Baltimore and i am sure you can start your passive journey again

@Travis Gibson

please retain your SFR portfolio. There are no economies of scale in multifamily unless you are buying hundreds of units type complexes. When you invest in Multi family, the value add or forced appreciation is only if you move the category from C or D to a B or A.

i have just finished reading a great book Multi Family Millions about repositioning the apartments and reaping value add benefits. I would recommend for you to read that before investing in multi family.

@Dinah Tabora

Check in Riverside or San Bernadino County before committing to out of state. Still deals here locally.

If you plan to go OOS, scale to five units in a couple of years to make the numbers work

@Adrian Jenkins

For one condo investment , I would definitely consider local only.

Just research the HOA board , their financials.

You don’t want to be hit with special assessments every year

You can get a single family in high desert area like Victorville and hesperia for 220k.

@Adrian Jenkins @Darlene Case

You have had interesting inputs. From my experience you only go out of state if you have funds to scale. Buying one or two properties is not improving your financial life in any way

Secondly you have to look in riverside And San Bernardino county. There are still deals available locally.

You don’t have to run out of state because everybody is