All Forum Posts by: Joseph Bui

Hi Eric, happy to connect and help answer questions based on my experience. I'm a "newer" investor as well but have scaled my portfolio to 10 doors across mostly Detroit and Memphis. I've used a combination of Turnkey to BRRRRs and everything in between. Let me know if you have any questions.

Quote from @Deal H.:

Thanks everyone for insight. I understand that BRRRR would provide more cash flow, but from what I've read this method also requires more time and investment. I have a full time W2 job that takes up much of my time, so I'm leaning toward Turnkey until I gain some experience. Has anyone used the company Roofstock to acquire properties?

Roofstock is nothing more than a layer on top of the MLS that provides more information for investors. They don't really "help" in any meaningful way. I've been doing BRRRRs in Detroit and Memphis and I'm happy to share resources.

I've done both across Memphis and Detroit. BRRRRs usually provide better returns, but you need to have the stomach to wait and take on more risk. Turnkeys are safe, but you are likely paying market price and you won't be getting a "deal". Happy to connect and share more about pro/cons.

Hi Ronald, Im based in the Seattle area, but I have properties 10 doors mainly across Memphis and Detroit. I've scaled through turnkey, BRRRRs and everything in between. Would be happy to connect and knowledge share if you are interested.

Hi Tim, I'm a (mainly) midwest investor with a portfolio of 10 doors mainly across Detroit and Memphis. I've scaled thorugh Turnkey, BRRRRs and everything in between. Out of state vs in your area for me comes down to 1. the numbers and 2. contacts in the market. Its about numbers working out plus having the right people in place. If you can make the numbers work plus you have people in that market that you trust, thats a good opportunity. Happy to connect and knowledge share through my experience if you are interested.

I'm not a big fan of people paying for investing "coaching". Mostly because you can find all that information on forums like this one and others like (Redd*t). On top of that, there are countless people here (including myself) that will gladly knowledge share what we know and not charge a penny. I'm based in Seattle but have scaled my portfolio to 10 doors across mainly Memphis and Detroit. I'm seeing strong cash flow and great appreciation. I'm happy to connect and knowledge share if you are interested.

Hi Daniel, I'm also a Midwest investor like you but I'm based out of the Seattle. Over the past 4 years I've scaled my portfolio to 10 doors across mostly Detroit and Memphis. All my properties have been cash flow positive through a combination of Turnkey, BRRRRs and everything in between. I've also seen great appreciation as well when in the right areas. Happy to connect and knowledge share if you (or anyone) is interested.

Quote from @Elaine Jackson:

So month 4 and we are almost done. Ran into some unforeseen issues which I am realizing is the realest ate make or break. I am interested to see what the experts would recommend I do. Should I cash flow for a year or so to get back my expenses before I list it on the market? I don't owe anything so I am under no pressure to sell. I would like to get into a better area for my next home so I could sell and look for another purchase else where. I don't like the dirt road or the slow growth in the area this home is currently in. 

 What were the issues? What’s your expected resale value?

I'm an investor in a couple Midwest markets (Memphis and Detroit) where the cash flow is solid and the appreciation has been very good as well. Still a lot of deals for 100k so I think the midwest is a good place to start or grow your portfolio. Happy to connect and knowledge share.

Are you sure it would be cash flow positive? Its not even close to the 1% rule. Also got to think about maintenance which most investors set aside 15-20% of the rent just in case.