All Forum Posts by: Jasraj Singh

@Jasraj Singh. Build a team ( contractors, PM etc) where your looking to invest. Join the local REIA. Read there are many resources available on the subject. BP is a great place to start.

We are looking to invest 4 hours from where we live and we plan to manage everything ourselves. Any further than that I would defiantly be paying someone to manage my properties for me. I would take great precautions making sure whoever you choose to partner with has the same mindset and goals you do for your properties. Good Luck!

@Jasraj Singh I highly recommend visiting or temporarily living in the area you want to invest in. I also highly recommend the Midwest as a good starting point of your in-person traveling in USA because many properties in Midwest meet the 1% rule: the total monthly rent is at least 1% of total purchase price + total rehab price. Google street view does not tell the whole picture of a neighborhood, so please refer to researching online all the safety maps, population demographics, median income, median sales, and all the info about a neighborhood.

Please read David Greene's book Long distance investing and then come back to this forum for more questions.

 The first thing you wanna do is find a good property management that you can trust. They will be able to help you out the most. Also try to reach out to people in the area you are looking to invest in and build a good relationship with them. They can be a great help for you in the future.

@Jasraj Singh. It depends on what investment you want to make - do you want to purchase your own SFH or do you want to invest in a syndication ?

I have plenty of out of state investors. They have decided on texas and then Dallas first. I help them along the way. I am their boots on the ground. But they still run the numbers and come to the closing table.

Syndication is a whole different animal and can add to your portfolio and let you get comfortable with investing in Real estate. Different lingo but still either investment can be advantageous.

I agree with @Susan Tan, a good team is crucial. I would suggest narrowing down a couple of areas and finding a rockstar team @Jasraj Singh

Hello! I'm located in Denver, CO and I've done deals in 15 other states.  I find that depending on the strategy there are benefits for investing at home and remote.  Most of all I build a good team and do some market research prior to diving in too much (employment, market fluctuations, crime areas, etc).  The actual strategies are the same, but often take longer in remote investments.  

I live in Canada but started investing in Mexico a few years back. I now look at the whole world as my playground but I'm focusing on the best markets, which are in Latin America and Southern Europe: Mexico, Costa Rica, Panama, Dominican Republic, Colombia, Brazil, Uruguay, Portugal, Spain, Italy, ...

That approach is best for diversification. Most investors are taking huge risks without realizing it by having all their assets in the same city, state or country and in the same currency. Moreover, at any time, there is always at least one market that works and you can switch your focus depending on how each market is performing at any given time.

Of course, if you want to do something like this, you need to acquire the knowledge and have the necessary connections on the ground. It takes time and ain't easy. Alternatively, you can invest along with investors who have what it takes and know what they're doing.

@Jasraj Singh

I would suggest reading Landlord on Autopilot.

Thats all i read and honestly 99% of managing is learned on the field.

My advice is keep coming on biggerpockets when you're not sure about a situation until you get the hang of it. AND ONE OR TWO GOOD HANDYMAN