All Forum Posts by: AJ Singh

@Alex Saepharn

i would not suggest you to invest in below 60k houses in memphis. you will expose yourself to rough neighborhoods that only local savvy investors can handle

go for rentals producing $900 and more in rent.. they will be in better neighborhoods

@Jack Martin

Congratulations. I am a residential property investor in Shelby and Desoto county. Great work

@Celeste Mina

@Tina Sandoval of Kaizen Realty has managed our potfolio since 2016. Please Pm if you need their contact info

you can reach out to @Douglas Skipworth for mgt needs as well.

@Boris Muchnik

you can still find positive cash flow in riverside and san bernadino counties. you have to reach out to 

local realtors in these counties to see whats available.

i like @Michael T. advise for you to house hack a multi family. you cant go wrong in that..

if you want to go OOS route, make sure to have capital to scale to 5 properties in a couple of years. Otherwise 200 to 300 bucks is not enough to reserve for capex and vacanies.

@Jonathan Cox

Roofstock is a market facilitator for sellers and investors. 

Identify your cash flow market, visit a local realtor and PM and then you can evaluate the prices for single family rentals. 

As @Larry Fried posted, be prepared to pay retail and we are at the peak in most of OOS markets.

BE patient and do your due diligence in evaluating the deals

@Charles E Bernard Jr

i am going to suggest not to get a loan on your rental property. buy first property cash and have some reserves for capex and vacancies. I think you mentioned you are retired and i would not fall in the debt leverage trap at 68.

also you should visit the city and neighborhood of your intended investment before signing on any contract. 

you can scale upto 5 properties in next couple of years easily. property prices are at peak right now in most of mid south and midwest markets. they were cheaper three to five years ago and have barely reached 2006 prices.

As far as buying your investment, wherever your number makes sense, invest with that company. If you have identified your cash flow market. there will always be local realtors and prop mgt companies willing to work with you.

@Doug Peters

You can invest in single family or multi family in Victorville, Hesperia, Apple valley and adelanto In high desert area

You can invest in Redlands, Beaumont in riverside county

I am told Yucca valley is also promising

In the metro area, you can network on different real estate meetups and check on duplexes, triplex or quads in long beach, wAtts, Inglewood etc

I do invest out of state in Memphis but prices have increased in last couple of years and cap rates in decent areas have lowered. Again it only makes sense to invest out of state if you can scale to five properties in a couple of years since vacancies And maintenance repairs are part of the Game.

@Ricky Nigro

you should reach out to @James Wise for advice on Cleveland neighborhoods. He is a frequent poster on BP

@Calvin Clark

i second @Sammy Paul comments. Desoto county is a great area. southaven and olive branch schools are rated very highly.

in Shelby county ( memphis) the better areas for investors are Cordova, East Memphis, Bartlett. you will hardly see any properties of these areas in marketplace. The best areas are Germantown and Collierville but very low cap rates. 

neighborhoods in memphis zip codes change street by street so please do your due dilligence before investing through wholesalers//MLS//Turnkey...

@Luka Milicevic

there are areas in southern california that do cash flow positively. 

Many of the locals are on the OOS // Turnkey bandwagon and excited by the proforma numbers and dont go an hour or two away from metro areas to find rentals