All Forum Posts by: Jasraj Singh

Hi Jasraj,

I live in CA and acquired two properties in different markets (PA and Detroit) last year. I echo what a lot of investors here are advising. I think the most important thing I've learned is to have the right team. I've already switched property management in one of my rentals and it's made a world of difference. Having a property manager who not only does their job well, but also is well connected with contractors, inspectors, etc. is important. This makes the world of a difference if you're not going to be hands on.

Do some deep diving in markets that you are interested in and visit at least once. When I visited my property in MI, I was shocked the world of difference one street makes. Certifications that the city or state requires are worth researching to avoid headaches. I know numbers are important, but they only tell you so much when you're out of the state/country when you're looking for deals. Know your tenant base and the demographics as well.  

I would also advise finding a partner to invest with to minimize the risk when looking long distance. Best wishes on your journey.  

We just started.  Currently in Delaware and just about to close on our first investment in Valdosta, GA.  Hoping to jump into that market a bit more.  Have you started?

Many of my clients are out of state investors. They research the Cleveland market, leverage my insight as a local resident and investor friendly agent, obtain third party home inspections to verify condition of the property, and choose a reputable property manager to handle things post acquisition.

@Jasraj Singh

I'm doing two BRRRR deals in kansas Topeka. Great cash flow market but you need to have the very best team and the only way to assemble a team for a newbie is to read David Greene book. Also ask question on the forums here, read old forum posts. Do a ton of research in the market you are pursuing and narrow down a niche property you want to invest in. For example I look for large 2bed 1bath homes through a wholesaler or a savy investor minded real estate agent. These two sources become a deal system where they are sending you deals. I have my core four send me deals. I am upfront about a bonus I will pay out for a slam dunk deal. 500 dollar signing bonus for closing on a great BRRRR deal. You will be surprised that your core four will start working even harder when they know there's a bonus involved. All there best contacts and connections start becoming yours because they know if you succeed that means more business for each any every member of the core 4. Agent, PM, lender, contractor.

I recommend looking at maps of the target sub market and go INVESTIGATE like you work for the CIA. Write all the data you find, from neighbors, to schools, to rents for different type of houses. Find out what tenants are attracted to when it Comes to renting. Your property manager if he’s a good experienced one will give you a ton of info and paint a picture of life as a tenant in that market your pursuing. Trust but always verify any info you get from your core 4. I verify within the core 4 and I also call additional sources when in doubt.

Pre screen every member of your core 4.

Call 10 agents and pick one

Call 10 lenders and pick one or two

Call 10 property managers and pick one

Call 10 contractors and pick one.

You will get experience talking to people and formulating a even clearer vision of that market. You might even know that market more than where you live If you do This.

Good luck connect with me if you want mire Info on the Topeka market

@Jasraj Singh

If you want to invest overseas, you first need to have goals and strategies to lead you to your goals, as you would if you'd invest at home in India or any state of the US.

You asked how you find out in which countries to invest. This will first depend on your objectives and strategies. Then, you have to select places that are investor friendly, that have a legal system you can rely on, that allows you to own properties freehold (if that's what you want) and that will give you a satisfactory return. You need to take into account the economics and the politics of the place as well.

Yes it's not easy and it takes time and this is why not many people are knowledgeable about it. However, that's normal when you think about it. If it was easy, everybody would be doing it and the opportunity to make great returns might not exist or it might be much less profitable.

@Jasraj Singh SIMPLE surround yourself with a team that is actually doing it daily... 10- 14% net caps ( more after you refi COC ) are to be had 100% hand off !! BTW, Do not over analyze like 99% do . Get the numbers and do it !! So many say I am going to sit on the sidelines and wait . Well the only ones that make money on the sidelines are coaches :)

Good Luck 

 I am not one to live and die by the 1% rule as it does not work in many markets, however we were able to identify many markets that are not even considered "hot markets" to investors that had strong rental demand and we could buy properties moderately distressed, so a little rehab and rent in days for more than 1% of property value. We also then look at property taxes and job market. Many cities in the midwest have demand for nice rentals as they are not considered "sexy" by investors and they are very affordable to purchase.

@Jasraj Singh I self manage 26 doors all of which are nowhere near where I “live” I’m not even sure where I live lol. Nothing to it. I also have a day job.

For the love of God, call every property manager in the city and talk to them in depth. Dont be afraid to sound dumb and be annoying. Ask them how they maintain properties, what do they do if rent is late, what if a tenant needs eviction?

Im new to investing, began investing out of state in the U.S. Had an amazing realtor, went with her agencies property manager and she was hot trash. It was a nightmare to me and now were slowly ironing out the kinks. 

In my opinion, expect hiccups and expect to make adjustments. Its tough to manage from a distance in all honesty, I opted for a property manager but sometimes even they need to be managed.