Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Brian Ewell

Brian Ewell has started 8 posts and replied 48 times.

Post: Out of state buy and hold

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Douglas Skipworth:
Originally posted by @Brian Ewell:
Originally posted by @Douglas Skipworth:

Memphis!

 I'm leaning toward Memphis because of the lower price point. However, the taxes seem to be higher and the vacancy rates are higher. I thought about using a turn key company, but it seems that you loose most of your profits when you do this. Do you think it is better to find your own team of individuals or use a turn key company?

Hi, Brian.

Personally, I think using BiggerPockets to build a team of honest and competent professionals in an out-of-town market is much better than going the turnkey route.  However, some investors want a more hands off approach.  For them, turnkey is a great choice.

If you want some good turnkey referrals in Memphis, I'm happy to give them to you.  There are several on BP (one of whom has comment above).

If you want a turnkey alternative, there are good options for that, too.  Just make sure that you use BP to vet whoever you choose.

Best of luck to you!

 I would rather not use a turn key company. I think this leaves too much money on the table and not in the investors pocket. I am more hands on, but not a lot of time. Could you give me some referrals that I could look into in Memphis?

Post: Out of state buy and hold

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Travis Scribner:

As a rehabber and property manager in St. Louis, this market can be very profitable. Just have to find the right deal. What numbers are you trying to get?

 I haven't researched St. Louis much. What kind of numbers are out there?

Post: Out of state buy and hold

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Christos Dimopoulos:

Dallas is a great market even though prices seem to just keep going up here due to the shortage of housing. The job growth over the long term is driving the increase, in my opinion, and it is sustainable growth. Texas, in general, has proven to be a good state for real estate investment over the long term.

Dallas is a great market, but the prices make it more difficult to get a good ROI.

Post: Out of state buy and hold

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Douglas Skipworth:

Memphis!

 I'm leaning toward Memphis because of the lower price point. However, the taxes seem to be higher and the vacancy rates are higher. I thought about using a turn key company, but it seems that you loose most of your profits when you do this. Do you think it is better to find your own team of individuals or use a turn key company?

Post: Out of state buy and hold

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9

Where do you think would be a better place to buy and hold property as an out of state investor. St. Louis, Kansas City, Dallas or Memphis? 

Post: Real Property Management (RPM) Midwest

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Marco G.:

They're a franchise, so make sure whatever you hear is about that particular office.

I considered them when looking in Dallas but found a cheaper option.

 What was your cheaper option in Dallas?

Post: Developing a team in Pittsburgh

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Dominic Lucarelli:

Hello @Brian Ewell!

I'm here in PGH and ready to invest in my area. My focus is Southeastern Pittsburgh/Western Westmoreland County. Properties I'm targeting in this area value between $20k-$65k and rent between $500 and $725. I'm looking for ROI in the 12-15% range or better. I'm a first-time investor but I've learned so much here on BP. So much I'm ready to plunge in. I'm willing to manage property, collect rents, and continue looking for great deals. If your looking to move some money around, I've got a few properties I'm looking to lock up. Feel free to PM me if you are interested.

 These properties that you have between $20k-$65k. How much work is needed to get them "rent ready"?

Post: Developing a team in Pittsburgh

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Matthew Bonosky:

Hi Brian! Out of state investing can be tricky. If you get a chance, listen to the BP Podcast number 154 I believe. They are interviewing a California-based guy who invests in Massachusetts. It's a great episode. The biggest take away is you need a solid "boots on the ground" team like what you're looking for. If you need any assistance, I'm a Realtor from the Pittsburgh area and mainly focus north of the city. Best of luck!

 Thanks for the Podcast info. How hard is it to find honest/trustworthy "boots on the ground?"

Post: Developing a team in Pittsburgh

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9
Originally posted by @Helen Bollinger:

Do you know what geographic areas you want to be investing it? Are you looking for turnkeys or rehabs?  If you could provide some more detailed information, us Pittsburghers can probably point you in the right direction for what you're trying to accomplish :)

 I am unfamiliar with the area. I am looking for B/C neighborhoods (3/2, 3/1, 2/2, 2/1's).

What are some good B/C areas that I could look into?

Post: Developing a team in Pittsburgh

Brian EwellPosted
  • Investor
  • Herriman, UT
  • Posts 52
  • Votes 9

I would like to start investing in the Pittsburgh area. I would be investing out of state. What is the best way to find a team that I trust? (Realtor, property manager, contractor). If anyone has any referrals that would be great too.