All Forum Posts by: AJ Singh

Amit Kumar There are equal number of success And horror stories on OOS investing It’s your money at stake in any investment If you don’t have confidence in turn key operations or willingness to develop your own team, you should invest locally only. Plenty of deals in riverside and San Bernardino county.

@Tim Zajicek

i am in contract on a six apt bldg in southern ca but primarily two to three bedroom units.

i was warned by a multi family investor to have as less a one bedroom units since the renters keep on moving once their families become larger. he advised me to concentrate on two bedrooms and three bedrooms.

just my 0.02 cents

Even on SFR my min criteria is 3/2

Best wishes...

Clifton Frazier There are still deals in riverside And San Bernardino county You won’t get one percent but will make it up In appreciation Look OOS if you can scale to five properties quickly

@Daniel Mulberry

your guess is right. scale to ten houses in the same city. much easier to manage the pm as well

@Lane Kawaoka

every turnkey provider is not out to scam OOS investors. 

i think buyer needs to do their own due dilligence since the down payment is coming out of their pocket. 

IHMO you can't post a blanket statement

Caleb Heimsoth Jay Hinrichs I agree with your input and discussions BTW turnkey rehab is way better than what I can achieve as an individual investor remotely IMHO out of state investing is great if we can scale quickly.

@Amit P.

Get yourself approved from mortgage broker/company to the maximum allowed. Be ready to pull trigger at the oppty. 

Research your area to for a real estate broker / real estate investor as well. They usually come across off market opptys

Good Luck!!

@Jay Hinrichs

i did go out to memphis and stayed there for brief trips to learn about the city and neighborhoods. i am grateful to @Chris Clothier 's company Memphis Invest who took me on a tour and told us which areas in 2016 were they investing in for their investors. 

through an investor/broker, i built my portfolio using off market deals at that time .

there was a twenty percent difference in mls and turnkey prices in 2016. i bought leased homes with tenants already in them and we put them under prop mgt co. of course maintenance was deferred but was negotiated in purchase price as per inspection reports

my comments are based on 2016 and 2017 investing after reviewing prices on MLS and similiar turnkey product

In 2018, at least in memphis you can get wholesale/off market deal but will need 15k to 20k rehab easy and difference of final price is maybe 15k to 20k pricing between MLS and turnkey.

u can get wholesale deal for $95k with 15k rehab needed and ARV is $125k in the last deal I reviewed and above all CASH only.

IMHO it is the neighborhood that is more pivotal to real estate investing than just numbers all the time.

@Jay Hinrichs

my experience is limited to memphis or southern ca market.

there are neighborhoods in memphis which are called " turnkey zones" its one investor after another taking a beating in those tough neighborhoods and low quality tenants.

secondly you are not saving $5k or $10k in turnkey vs mls, sometimes its three to four times that margin. that was in 2016 when i built our rentals in memphis. now it could be more.

its an investors own due dilligence. BP can only help to an extent. 

Hard work cannot be surpassed by posting and looking for advice.