All Forum Posts by: AJ Singh

@Sagar S.

Take the next flight out and review your property at once. There are plenty of threads on tunkey operators not doing their rehabs as sent to their clients.

Meet some local PM companies during your visit and find out how long does it take to rent a house in your neighborhood

@Account Closed is spot on

@Kat N.

i live down in Seal Beach, Southern Ca and have invested in Memphis rentals using realtor and prop mgt combo

i take a video tour of the property, do an inspection and calculate maintenance costs to bring it up to rental stage

In some we bought leased properties and inherited tenants. 

Its doable.. i go twice a year to meet up with team and review any off market deals

Libby Baugher I would buy a property each year debt free. Slower pace to creating a portfolio but your goal of cash flow will be achievable in seven years Less stress in life. You can easily do that. Real estate investing is a full time responsibility. Even if you have prop mgt overseeing your assets. You need to be ready to embrace the role of landlord once you acquire your first house You can easily do value add plays with your realtor friend. Buy property at a discount using cash and then refinance if needed. Since you don’t need cash flow from the house to survive, you can easily do 7/1 or 10/1 ARM product to save on interest cost and get your money out My two cents

They are one of the pioneers of turnkey product in Memphis Please direct message for any questions on memphis investments. Happy to help

@Suzanne Chan

I would definitely recommend you to visit Cleveland.

FYI @@James Wise is a provider from Cleveland on BP forums

definitely can refer

please private message

@Lindsay Wyatt @Lance Rush-Mills

it is still possible to build a portfolio locally in riverside and san bernadino county. Yes, cap rates are lower but with appreciation and reduction of principal, you will do as good as mid west or mid south.

OOS investing is great but u have to scale quickly to budget for your trips at least semi annually.

Good luck to both of you!!

Brandon Koser For financing, you will go to commercial loan brokers who usually charge one to one and a half percent of loan amount as commissions Or you can go to a credit union who specialize in commercial loans It’s achievable

Brandon Koser I recently acquired a six unit mfh in souther California at 10x grm I have been primarily in sfr investing and I have learnt following in first month 1) quality of tenant is superior in sfr 2) cost of operations is higher as well 3) lot of upkeep through out the year 4) tenant does not do any small fixes as compared to our sfr tenants 5) turnover is frequent 6) market rent can be achieved after upgrades only I would carefully scrutinize your areas of investment even though numbers look great I thought there would be multi family oppty in Indianapolis so why not look local

James Martin Can u send over the investing map as well