All Forum Posts by: AJ Singh

@Denise Sieg

we have riverside and san bernadino counties doing very well rental yield wise .. they are a one hour away from metropolitan los angeles.. You can get in 2-4 multifamily units at a decent price and be at market rent within a year or two...

@Adam Schroeder

We were focused on Cordova, Bartlett, east Memphis, Southaven , olive branch

Even five years ago, turnkey providers were selling properties in above areas for $150k and above

We could not get any value deals five years ago in collierville or Germantown which are A + areas and have gained much appreciation

@Adam Schroeder

I can say with certainty about Memphis market since I have been investing for 5 plus years

Houses that were at 100k five years ago are closer to $275k to 300k price point yielding 1600 to 1800 rent.

Houses that are for 120k to $140k right now were at 60k price point five years ago and we did not touch them in those neighborhoods that time

Nowadays some of those neighborhoods have gentrified so are turnkey provider favorites and most buyers are oos with limited knowledge about neighborhoods and don’t even visit the city of Memphis before investing

When the market does correct, some of these neighborhoods are going to be severely impacted.

In California , there are counties which are not under rent or eviction moratorium and rents are steadily increasing where it does not make sense to go to oos anymore.

Since the OP is California native, that’s why asked her to check locally

@Tracy Wang

i am a fellow OC investor. try first researching Riverside and San Bernadino counties . You can get into entry level condos or townhouses and make the same kind of return locally rather than OOS. 

Please remember that OOS prices are triple of what it was 5 years ago and most of the cheap housing available to OOS investing / turnkey is what a local investor of that city is not buying..

@Chirag Shetty

why dont you check your local area ( maybe an hour out from seattle) for a duplex type of investment. Most of the OOS markets have a lot of appreciation already and we dont know when a correction may take place.. a local property makes more logic than one a few states away in todays marketplace. 

Real estate ownership is not as passive or turnkey as the forums might lead you to believe.  Exhaust all your options in the local area before you go OOS and if you do decide to go OOS route, you should be able to scale to 3 to five units in next couple of years..

@Dimple Gajra

You can focus on B class neighborhood like Cordova, bartlett, east memphis or even southaven and olive branch in Missisipi.

Collierville and Germantown are a little pricey but solid appreciation and excellent school districts.

@Vierra Wong

There are multifamily plays in riverside county with 25 percent down. you can get in a quad with breakeven cash flow right now and within 12 to 18 months convert the tenants to market rent.. a 4 unit can gross 72k annually on market rent and with the low interest rates cash flow nicely . its not an easy play but not too difficult either.

Mom and pop landlords are exiting and creating an opportunity for next generation of landlords to enter.

@Melanie Johnson

Reasonable real estate yields are achievable

in riverside and San Bernardino counties. We just have to be patient to go to market rent in a Year or two.

@Nancy Tran

i would recommend using a cement guy to shore up the foundation. Lots of older buildings have loose bricks plus cracks in the wall. They all can be resolved for far less than a " foundation company "

@Srushti Khairnar

Hopefully you listened to the inputs on the thread and took action. This is why i dont advise buying one house as an OOS investor. 

I am not even sure if you saw the property, had an inspection done to find any deferred maintenance or safety related items.

Get your learning curve up fast