All Forum Posts by: Peter Cung

Hi @Nitin Agrawal. I'll be there this weekend. PM me and maybe we can link up. I'm from the Bay Area and eventually will move to the OC at some point. Would love to chat if you have time!

Hey @Travis Raila! I'm from the Bay Area too and have walked your footsteps, so I wanted to share my 2 cents.

I agree narrowing down your market to 1-2 should be a good start. You should probably decide what your out-of-state strategy will be:  straight cash flow and less appreciation vs. moderate cash flow and more appreciation. Based off that, I think figuring out the markets will be much easier.

Turnkey investing is not a bad option at all for starters. Regardless on which route you choose, IMO, the most important thing is property management. Without a solid one, you are toast. So, vet your PMs heavily. Once you get that right, it'll be a good passive income generator and your first win, which I am sure will snowball to bigger things.

Best of luck to you - it's an exciting journey that's for sure! 

Welcome to BP, Gus!

I am an out-of-state investor in Memphis. While I can't really speak on the house-hacking and MFH part (I think you're looking at small MFH) of what you're looking for, there is a great group of turnkey providers, wholesalers, agents, and PMs from Memphis right here on BP. I typed those keywords out in hopes someone can reply back to you because I am sure they set some keyword alerts! haha. 

My suggestion would be to do some searching on the forum and reach out to the more active Memphis BP members. You can learn a ton from them and at least establish some sort of relationship as you never know how you can help each other.

Best of luck!

I’m not a healthcare professional (was definitely on that path years ago!), but know many professionals who contemplate active v. passive investing.

Of course it depends on your scenario, such as how much bandwidth and REI experience you have. But if you're starting off or are very busy, I would suggest turnkey investing. There are many cash flowing markets – you just got to find the right operator/turnkey providers you want to work with and properties that meet your criteria. Eventually you can move on to bigger and larger deals once you're comfortable, but I think it's a good milestone you can easily accomplish and learn from in the beginning.

It also doesn’t hurt to listen to podcasts (I listen podcasts such as SimplePassiveCashflow). I like that one because it’s specific for people with W-2’s and/or good jobs who want to invest in real estate passively.

There’s some good comments here, but wanted to share my two cents. Best of luck to you!

Welcome to the board, Ahmed! Used to travel a lot to Southeastern PA for work (Delaware County). Hopefully your SFR's are doing well in that area.

I do not have a strong recommendation on an agent, but I think you should get in touch with @Alex Craig. He runs a turnkey company in LR and they do offer small MFH properties every once in a while. 

Hopefully that helps your search. Good luck!

Thanks for sharing @David Hodge! Not too often do I read about personal experiences re-selling turnkey, so I value your post immensely.

Could you provide details on how you sold your turnkey property? Did you just work with an agent and sold it as an investment property?

Nonetheless, I am glad this investment went well for you and hope you're feeling better!

Hi Aaron. Welcome to BP! 

I too am interested in LR and will likely go the turnkey route. So, if you're looking into investing turnkey, you should reach out to @Alex Craig. They've been operating in LR for several years now and it's worth a discussion if you want to get started there.

Best of luck to you!

Thanks for sharing, @Anton Ivanov! 

Your course, Turnkey Rentals 101, helped me a ton. So, I am glad to learn all about the detailed activities you have done beyond that. 

@Logan Allec great comment. I was see-sawing too between having more leverage or putting cash up-front. Depends on the numbers of course, but like you, I'd prefer to sink more cash into other deals so will keep this in mind.

@Daniel Siapin @Christopher Suh @John Acheson thanks for the information guys. Yeah, I think it depends on the purchase price, but was going to either aim for 80/10/10 or FHA. Could be possible with 20% too. Fortunately, my credit score is good and DTI is low.

@Logan Allec appreciate your comment. Yeah, I would suspect it would be more competitive now. Glad you found something in Santa Clarita and hopefully it's cash-flowing nicely!