All Forum Posts by: Joseph Bui

Hi Alex, I'm also based in the pacific northwest (Seattle) and own 9 doors in the midwest (Memphis and Detroit). I've had success in both and would be happy to connect and share my thoughts. I'm also looking into Cleveland as well.

 Hi Megan, I have bought a couple properties from turnkeyinvest and I have a close friend that has purchased 10 plus from them as well. Lets connect and I can share with you my experience with them.

 Just sent you a connection request.

I, personally, prefer not to be cash flow negative assuming 20% down on a deal. Couple reasons for this.

1. sucks to lose money every month when you just put down 20%, which can be a lot of money

2. what if there is some kind of emergency i.e. large maintenance, non paying tenant, etc, then you are really in a bind and obviously that comes out of your personal funds

3. While 25% appreciation in the last 5 years is good, truthfully, its not anything special considering the circumstances the last 5 years. Most major markets did that much appreciation and plenty of markets in the Midwest did even better during that time and those markets still cash flow today. There are cash flowing and appreciating options out there if you are comfortable with out of state investing especially in the Midwest.

I'm based in the Seattle area but invest in Midwest markets where I have 9 doors now. All cash flowing. On top of that these markets have done very well in terms of appreciating in the last 5 year (See Memphis 50% increase, See Detroit 100% increase). Happy to connect and discuss more about your current situation and other options available to you.

With personal loans, the interest is very high. My recommendation would be to use that loan to do a BRRRR in a Midwest market, instead of using it as a down payment. In the markets I shop, there are plenty of properties that will cost around the 80k mark total (including rehab). After rehab is complete, you can work with a lender to do a cash out refinance and get into a conventional loan where the interest rate will be lower. Then you pay back your personal loan with the cash you got from the conventional loan. Be happy connect and chat more if you are interested.

Took me a bit to overcome analysis paralysis for purchasing my first property. In the end, what I thought about was this, my capital needs to be invested "somewhere". I have some in etfs already. I need to diversify. Whats the worst case scenario for investing in Real Estate? Whatever the worst case sceneario is, its much less severe than investing in the stock market. Plus, I realized the only way to learn is to take action. Thats why I started in cheaper cash flowing midwest markets and now sit at 9 doors across Memphis and Detroit and looking to add more. Happy to connect if you want to chat about overcoming the "first property hurdle" and or anything else.

This can be a good option, but, of course, it will depend on how much your current property is worth, whats your mortgage and other expenses on it and how much rent you think you can get on your current home.

Hi, I started back in 2020 with roughly the same amount of capital. I've done turnkey, BRRRRs and now working on my first flip, all in midwest markets. Happy to connect and knowledge share.

Hey Dustin, I’m  a newer investor myself with 9 doors across the Midwest. Would be happy to connect and share about my investments and what I’m seeing in the Midwest. 

Hi, I am a newer investor myself with 9 doors across the midwest. They all cash flow from day 1. I'm still seeing great deals in these markets. Would love to connect and share the deals I'm seeing in the Midwest.