All Forum Posts by: Fernando E.

Thanks @Marcy Moyer for the quick reply. I can up this to $400K max and I saw a few properties in Red fin. My timeline is until May so thanks for looking out for deals. I appreciate everyone here in BP trying to help, that makes this community amazing, you guys are rockstars!!!!

Hi Bigger pockets crew I'm from the Bay Area and considering to buy a condo or town house in the east bay with my fiancée. I’m looking into using this as our primary residence as a newly weds (will get married in May) and will be our starter home. I already have a SFH I bought with my sister also in the Bay Area but this one is just for me and the future wife. We will keep the SFH with my sister and family. My budget is a little tight at $350K and knowing that my target area Fremont, Newark, Union City are prime areas i may end up getting a condo or townhouse that need some tlc. I also wanted to have some equity build in to grow wealth, and I can have a good friends contractor to help fix the place. I just don’t buy into the idea of paying $500K for a top class condo or townhome. Wanted to get insight from you folks if this is feasible and if you have any leads off market that will help me land my starter home. Thanks in advance!

@Ross Denman I left you a voicemail yesterday, will appreciate a quick chat next week sir

@James Wise Thank you for confirming my understanding of BRRRR and Turnkey, nice analogy :) At this stage in my life, I have a very demanding full time job in a tech company so I am taking the restaurant route (Turnkey). My aspirations is to have enough high quality turn key properties within this year that can generate good cash flow, I just don't want to over pay, get screwed by malicious, fast talking people so I'm doing my due diligence work by reaching out to the good folks here in BP. I will appreciate your advice James if you have any input, I'll pm you, thanks in advance!

@Mike D'Arrigo I had some initial discussions with some folks here in BP, and it seems that's the consensus. Your comment about the Zillow estimate help me understand why some properties being sold at your site is significantly higher than what is estimated by Zillow. I sent you an email since we're both in the bay area, wanted to know more about turn keys and how can your business help me achieve my goals. 

@Lee Ripma I like the straight shooter question :) I am planning to leverage 20% from the bank. I am will start with 1 and work my way to ten high quality turn key rentals with the help of these good folks in BP. Eventually I'll find the right one with enough due diligence, I work in compliance and it's my strong suite. Thanks for the apartment complex insight, maybe I can explore that once I gain some small success, I need to jog first before I sprint. 

@Matt K. agreed sir! I am looking into high quality turn keys that will generate a good cash flow.  Being an experienced investor, I would very much appreciate your input since you and I are in the same area. I will private message you Matt

@Hank Keller thank you for the input, is 16tec a town in Indy? Anyway, in your experience did you gain any appreciation and who did you use as a turn key provider? Is it fair for me to say that overall you are happy with the experience? Seems like Indy is the place to be :) 

@Ross Denman thank you very much, very insightful.  I messaged you and scheduling a quick time to chat next week.  

@Larry Fried much appreciate the input, I will send you a message to connect. Thanks again both!!

Hi BP crew, Hope you are all well I’m an out of state investor from CA and my goal for 2018 is to buy multiple (targeting 10 this year) small single family homes in the Indianapolis between $50K to $70K with minimum $500 Cash on cash return. Does this sound realistic or blowing smoke? With 1 realtor as my boots on the ground on an area that I’ve not seen, I’m starting to look at turn keys and have reached out to multiple turn key providers here in the BP community. My goal is for cash flow, I felt that if I buy one, I’ll learn by taking action rather than sitting on the sidelines . Only downside I see in turnkey is that it seems there is no appreciation and I can’t execute BRRR strategy since off the bat the property is sold at a higher price (not below 20% market value) and sometimes sold at a price way higher than zillow or Redfin estimate which tells me that the selling price is really high. I will appreciate your input and more so from someone who really made it big and achieving massive success in turn key If that is even possible. Much thanks all!

Adrien S. Hope you are well, I’m a starting out as an out of state (OOS) real estate investor from CA and looking into the Indy market. Planning to buy my first OOS property in Indy and been reaching out to a few experienced folks here in BP. I would very much appreciate a few mins of your time to chat over the phone at your convenience. I will pm you thanks in advance

Nice post Alex Owens !

Hey guys, I'm looking into the Indy market as well. I'm an out of state investor from CA looking to network and build relationships, add value where I can. If I find a good cash flowing deal and the math works, I plan to pull the trigger for my first deal in the next few months, right now I'm learning the market and talking to people. Thanks in advance for the connection and input, any advice, do's and don'ts, cautionary tale and best practices is much appreciated! 

Bo Kim hope your Indy investment is doing great! I’m doing some research there as well, I will pm you and maybe we can have a quick chat. Thanks man!