All Forum Posts by: Johnson Michael

I am a relative newbie to REI from Fremont, CA. Since the Bay Area market is crazy, I am looking to partner with someone probably as an investor in the beginning.

Coming from the software industry, I have pretty good project management skills as well.

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RSVP'd for the event

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Excited to attend this event

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@Mohit Asthana, I am planning to go. I am from Fremont, CA. So if you want to car pool I am game. Plus, that will be a factor in me not pulling out at the last moment :)

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Hi All,

After being a basic member of BP since March 2018 and listening to podcasts, webinars and reading BP articles, finally I took the next step, i.e. became a PRO member yesterday.

Johnson

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@Peter Lam,

Welcome to BP. I am based out of Fremont, CA. Pretty new to Real estate investing except that I work as an engineer for a Real estate fintech company.

Let me know if you would like to connect.

Thanks and all the best.

Johnson

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@James Wise, Thanks for the tips. Appreciate it.

Johnson

Originally posted by @James Wise:

Originally posted by @Johnson Michael:

Hi,

I am a newbie into real estate investing. Still learning the nuances by listening to BP Podcasts and webinars. I came across Turnkey investing with Memphis Invest.

Just wanted to know if this is a good option for out of state investors?

Thanks,

Johnson

Whichever market and or company you choose to work with when investing out of state make sure you do the following to ensure a high probability of success.

Don't buy in the roughest neighborhood in the urban core. Pick a solid B-Class suburban area. Perhaps a nice 1950's built bungalow.
Always hire a 3rd party property inspector to give you an unbiased feel for the home. The reports are 40-90 pages long and go through the entire house in great detail.
Get an appraisal. If your using financing the bank requires this. This is good. The bank isn't going to let you blow their money. They have more skin in the game then you do.
Make sure you get clear title. If using a lender this is a non issue. They will make you do this. It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.
Make sure your property manager is a licensed real estate brokerage.
Understand you can not eliminate all risk, only mitigate it. If you are risk adverse real estate, (especially out of state) is not for you.

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@Anthony Chen,

Welcome to BP.

I am from Fremont, CA. Lets connect

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Hi,

I am a newbie into real estate investing. Still learning the nuances by listening to BP Podcasts and webinars. I came across Turnkey investing with Memphis Invest.

Just wanted to know if this is a good option for out of state investors?

Thanks,

Johnson

1 Vote

@Adam Raty Welcome to BP. I am also relatively new to BP. I am from Fremont, CA. Currently in the phase of watching BP webinars and listening to previous BP Podcasts. Am a software Engineer by profession. Would love to be of help in any way.

All the best.

Johnson

1 Vote

All Forum Posts by: Johnson Michael

Johnson Michael has started 8 posts and replied 48 times.

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Post: Took the plunge - Finally !!!

Post: Hello BiggerPockets from San Jose, CA

Post: Is Turnkey investing a good option?

Post: New Investor from San Jose, CA!

Post: Is Turnkey investing a good option?

Post: Newbie out of Oakland, Bay Area.