All Forum Posts by: AJ Singh

@Peter Schuyler

I would suggest to start lowering rent $25 weekly for next four weeks. it will hit your bottomline and proforma but a vacant house in Memphis can lead to more issues

i had a vacancy in Cordova, needed 3 weeks to do cosmetic rehab, qualified tenant could only move in Oct 19, so 75 days vacancy. Just part of the game. and above all $50 lower than previous tenant.

@Arlen Chou

You are right on austin market. another one that comes to mind is Nashville.

@Arlen Chou

appreciation in midwest and mid south market is in the buy price. cash flow is the major driving factor in most of the OOS markets.

a value add play in the multifamily will force appreciation by increasing gross rents for sure. 

@Ananda Wasan

Roofstock is essentially a market place for buyer and sellers. they facilitate transactions

Memphis Invest is a passive investment provider. you can read posts from @Chris Clothier on BP. he is a regular contributor.

what city are you interested in for investing?

@Jonathan M.

a condo has HOA fees for life of ownership. if you can find a SFR for that price, it will make a better investment.

Some of the posters here do real estate 24/7 so they can find hidden deals and some of them made their buys at the right time during recessions.

If the Austin investment is  in a good neighborhood and you have a performing Prop Mgt team, go for that one. cash flow trumps appreciation at any time unless that asset is sold or refinanced. otherwise its just paper money..

@Frank Wolter

i would not sell a single one. i would delegate the daily operations to a management team. 

You are a sophisticated investor to scale to 120 units and bought at reasonably lower rates.

Nobody can say if this market is going to dive or not and 1031 in another asset may not give the income that u have. 

What you have created is WEALTH and hopefully your future generations will be thankful for.

@Maurice Blackledge

Only do OOS if you are going to scale (using turnkey or direct investing )

If you are going to do one to two deals, stay local. If local market is sizzling, wait till the market stabilizes. 

the extra $150-200 a month is not going to increase your spending.  @Shawn Ackerman already mentioned there is not much equity in turnkey product. 

do your due dilligence on different expenses with owing a rental property. 

Good Luck!

@Kristian Fernandez

If you decide to go turnkey, most operators have tie ins with lenders. 

At this point, you need to focus on what city to invest in and down payment needs.

BTW if you go east from LA in riverside and san bernadino county, you do see cash flowing rentals in SFR and multi family