All Forum Posts by: Joshua Paul

Thanks @Brannan Beasley 

I found an investor group on Meetup.com.

Is the meeting that you are talking about that meeting or is it a different one?

Hello All,

I just finished reading the long distance investing book and I really like it and I want to use this form of investing to build my portfolio. I am so glad there are so many great investors on BP that are willing to share their methods with others. 

This might seem like a silly question that is probably best asked directly to @David Greene, but maybe some of you out of state investors could help me out. 

In the system that David explains in the book he explains the way that he gets the contractors to go take a look at the property and to give him a bid on the home after he has a property under contract. My question is does he have a contractor or another person look at it and estimate repairs before getting it under contract? Or does he get the property under contract then find out the repair costs and try to negotiate the price? If done this way would he be able to back out of the deal if he finds the repair costs to be too much?

Any help here would be great,

Thanks!

Keyword Alerts: out of state, long distance investing, repair estimations, contingency periods, rehab, and deal evaluation. 

@Brannan Beasley If I understand this then the next meeting will be Thursday, March 14th?

@Matthew Fassett I’ll pm you.

Originally posted by @Jonathan McGee:

Hey @Account Closed I think it’s a smart move to take advantage of the Memphis market while you still can!

With your price range, depending on if you plan to buy turnkey or not, you’d be able to pick up some decent cash flow in B areas like 38135, 38141, 38117 and 38125. You could possibly get in some pockets of A areas like 38016. 

You can fetch similar returns in C+ areas like 38116, 38115 (certain areas) 38122, and pockets of 38128. 

If you want get 2 or 3 properties within your budget, you can scout some C to C- areas like 38118 (north of Winchester) 38128, 38109 (east of HWY 61), 38107 (south of Jackson), maybe some parts of 38127. 

Your A class areas are going to be 38138, 38002, 38017, 38018, 38125ish. 

It definitely helps that you are only a few hours away so you could definitely utilize BRRRR!

Feel free to reach out if you have any questions!

I know this post is almost a year old, but I just wanted to say thanks for the zip code info, this helped me find the kind of properties I was looking for in the right kind of neighborhoods. I am going to be in the market as an OOS investor and was curious if you have any referrals for RE agents or PM companies? Or anyone really that can help me with having some boots on the ground. 

Thanks Jonathon! 

@Nate Shields Thanks Nate! In your opinion do you think it would be wise to start with a traditional broker for a year or so and move to eXp later? I really do like eXp and would like to join eventually. Thanks!

I'm in the middle of getting my real estate license and I have recently been approached by a great agent from eXp. I must say that I am very impressed with their business model, but I'm worried it may not be a good place for a new agent to start. Any one have any input on this one? Pros and cons of starting out with eXp? Anyone that is currently a new agent with eXp? All insights are helpful! Thanks!

@John Warren Thanks John, great advice.

@Jacob Lee Thanks Jacob, I appreciate it. It's hard, but very important to get these numbers right.

Hello, I have been driving more into deal analysis and I am not sure what percentages to use for my evaluations. I'm evaluating deals in the Ogden, UT and Salt LakeCity, UT market. What Percentages Do YOU guys Use?