All Forum Posts by: Joseph Schweizer

Hi @Alicia Harrington!

I recently closed on a property in October. I made a post about it. If you have any specific questions about my experience, I would be happy to share.

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

Hi Lisa!

I actually closed on a property with them in October. The link below shares my experience.

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

If you have any specific questions, I would love to answer!

Best!

Joe

Hi @Brady Groves!

Welcome to BP! Wish you and your partner the best as you begin investing together!

Hi @Joshua Nackenson!

You are exactly right about the due diligence. No matter what type of investment you decide you will have to invest a lot of time in vetting anyone you are going to be working with. Whether you decide to invest in flips, turnkeys, syndications, you are going to have to make sure you are working with knowledgeable, trustworthy people. 

I recently started real estate investing and I decided to go turnkey because I also work full time outside of real estate. I am an engineer. 

If there is anything I may be able to help with, please let me know.

Wish you the best on your RE journey!

HI @Brent Michael Fannin!

Welcome to BP! 

I recently made my first investment, closed on a property in October. I am from PA but the property is in KC. The link below shares my experience. 

I wish you the best as you begin your real estate journey!

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

Hi @Isaiah Tucker!

All of the posts above have very good points! For me, I work full time outside of real estate and I did not feel like I had the time to manage a whole renovation project and property management. However, I still wanted to start investing. Turnkey sounded like a great option for me, so I did all the proper due diligence and found a provider I felt comfortable working with! The link below is a post I made about my first investment.

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

This is definitely not the route for everyone and there are pros and cons to all the different types of investments. You are going to have to identify what fits best for you and then build a team around you to help you work towards your goals. 

Hi @Nick Shri!

Welcome to BP! BP is full of investors from all over. You can use the network tab and search for people in the Virginia area. You will find agents, PMs, contractors, etc.

Best of luck!

Hi @Chase Maglangit!

Property is located in Kansas City! Property management was already set up before I purchased. I did do some research about the PM once I found out who it was just to see what information I could find. You have no obligation to stay with the PM though if there are any issues. 

@Nathan Yarnell

Some of the factors I liked were the price point for the quality of house, the rent compared to the average income, the returns and cash flow. 

Hi @David Goetz!

The turnkey route made sense for my situation and I just closed on my first investment property in Kansas City in October! It is an out of state investment as I live in PA. I would love to share more about my experience if you are interested. Also, the link below has more info about my investment.

Best Wishes!

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal