All Forum Posts by: Joseph Schweizer

Hi @Troy Scottaline!

I have similar goals to you of eventually having freedom from a strict work requirement and having the ability/flexibility to do things on my own schedule. I am not a medical professional, but I am an engineer so I have a decent source of income. I recently started my real estate investing (about a year ago) with my first property (see post below). I recommend making sure you have a solid foundation of knowledge about real estate, but do not get stuck in what most people call "analysis paralysis" and actually make that first investment. You will learn so much by taking this step. You are going to want to identify the various different RE investing strategies and determine what strategy will best fit your skillset/goals. 

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

Best Wishes!

Hi @Nicholas D Volonakis!

I felt like turnkey was a good way for me to get started with RE investing given my current situation. I purchased a turnkey property (see post below) about a year ago and things are going well so far. I learned a lot from going through the process of evaluating a real property, performing due diligence, purchasing the property and owning the property. I am currently saving capital for my next investment and I plan to go turnkey for that property as well. 

Turnkey can be a good strategy for some depending on your specific goals and experience. You will definitely want to perform your due diligence on the team, the property, neighborhood, etc.. This goes for all investments though. With any of the various RE investing strategies, there are pros and cons. You will need to evaluate those pros and cons and determine if a specific strategy will work better for you. 

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

Best Wishes!

Hi @Guillermo Novo!

I found BP about a year and a half ago and I have learned a lot from the material available (webinars, forums, podcasts, books, etc.). I was able to secure my first investment about a year ago now (see post below) and I am currently saving capital for my second investment. You learn a lot from reading/listening and you learn even more by doing. Make sure your foundation of knowledge is strong, but make sure at some point you take that next step.

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

Best Wishes!

Hi @Jennie Sanders!

I don't think I would have done anything differently for my first property. My plan right now is to go turnkey for my next few investments and I plan to use RTR when I have the capital ready. 

Hi @Artem Shum!

I went the turnkey route for my first investment (see post below) and I am very happy with my experience so far. If you go the turnkey route, no matter who the provider is, make sure you perform your due diligence on the property and location, to include your own inspection even if the provider provides their own. 

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

Happy to discuss more if you have any questions.

Best Wishes!

Hi @Jason Capalad!

If you have not done so already, search the forums for rootstock. There are a number of posts where users have asked the same question and you can find some good information there. 

The most important thing you will need to do is due diligence on the property, neighborhood, PM, etc.. This goes for any RE investment or for any turnkey company. 

I went the turnkey route (see post below), but I did not use rootstock so I can't speak to any experience with them. 

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

Best Wishes!

Hi @Anshul Pandey!

I made an investment in Kansas City, MO (see post below). This market is growing and might be worth it for you to look into.

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

Best Wishes!

Hi @Karen Braddy!

I would like to echo James that due diligence on the property/neighborhood is the most important aspect. At the end of the day, the property is yours.

There are many popular turnkey providers mentioned all over BP. I would recommend searching the forums for "turnkey provider" or "turnkey companies" and you will find many mentioned. Then search for any specific provider you are interested in to find forum discussions and reviews. Once you narrow down your search, call each provider you are interested in. You should also contact investors who have made a purchase with the provider recently and investors who have worked with the provider long term with multiple transactions. Some investors also go visit the providers in person if that is something you are interested in. 

I purchased a turnkey property for my first investment (see post below). I would be happy to answer any questions you may have about my experience. 

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

Best Wishes!

Hi @Gopichand N.!

I recently made my first RE investment and it was out of state for me (see post below). You are really going to have to define your goals with RE investing before selecting a market. Also, if you search the forums, there are many posts with recommendations for markets to invest in. Most people are going to recommend a market they operate in, so this does not necessarily mean it will be the right market for you. You will have to do your own research on the market and the opportunities available. City data and census data are a great place to start for general market data. To get specific neighborhood info is more difficult and may require you to contact agents, PMs, local investors to get reliable detailed information. 

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

Best Wishes!

@Ignacio Monchetti

I also work a 9-5 outside of real estate and I recently made my first RE investment (see post below). There will always be more to learn. One thing I will point out is you will learn a lot from making your first deal. If you are confident in your ability to analyze deals and build a team, I would recommend taking the next step and working on finding a deal and moving forward. Make sure you have clear goals for what you are trying to achieve with your RE investments.

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

Best Wishes!