All Forum Posts by: Ralph Justiz

In my opinion if you want to invest you need to learn the business and the best place to start is reading books. There are tons of books out there that cater to new investors and they are not expensive.  After you've read a few books (once you know the lingo) you should go out and network with other people in the business. I've found that talking to people "in the game" has taught me more than any course I've ever paid for and you make friends in the process. Win-Win.

Hey man! Welcome to BP! It's a great place to learn and grow. 

I know of a group that is centered around people in the service that invest in real estate.

"Active Duty Passive Income" on FB

I've not joined the group myself but have spoken to some people that are currently involved in it. I would recommend networking with them, they could definitely point you in the right direction! Good luck on your journey. 

@Mike Cahill It all depends on the strategy you are planning to use when investing. I buy nicer properties in nicer neighborhoods that I wouldn't mind living in. I have to pay more for those properties but I am okay with that. Some investors I know only buy cheap properties because they tend to cash flow better. 

A few questions you should ask yourself is what would you want your ideal tenant look like, what would it take to manage them, and what type of property would they like to live in. 

For sure! In each market I would look for:

Job growth

Unemployment rate

Economic growth

Market stability

Purchase price to rent ratios

@Kevin Auyong hmmm.. that doesn't sound right but I could be wrong. You should probably consult your local landlord tenant acts before making a decision on another lease. I am not sure where your property is located but a quick google search with " X State Landlord Tenant law" should find point you in the right direction. 

I don't have much Facebook marketing experience but from the little interaction I do have with it I do not like it. If your Ad has anything to do with real estate it falls into a whole new set of laws and regulations. I once posted a meme with the word real estate in it and my ad was rejected until I removed all targeting criteria (FB said my criteria was discriminatory). Your issue sounds similar to what I have experienced.

You might also need to schedule a termite inspection and bids from contractors if the property needs rehabbed. If you're not using a title company in the transaction you might also need to do a title search to make sure the property has a clean title.

Hey @Brian Ung! Welcome to BP! 

David Greene's book is awesome. If you're looking to invest out of state I would suggest picking a specific market vs selecting one specific turnkey provider. Turnkey investing is great but it has it's pros and cons just like everything else. 

If you do decide to go the turnkey route one tip I would suggest is comparing the prices of like property with the prices you can find on the local MLS. Good Luck!

Hey @Neliann Rivera! Welcome to BP.

I recommend networking with local investors. I cannot tell you how many things I learned just from talking to people in my area. It has made a huge impact in my life and business! Good Luck!

Welcome @Dan Kevin!

I agree with @Abel Curiel multifamily investing is a great place to start investing in. Again Abel is right when he says you will want to analyze your local market and see if MFH are worth the costs there. In my local market MFH are pretty expensive because they are not as common and are a bit older. I still know people that buy those type of properties but that space is very competitive as compared to a SFH.

Another thing I found is that tenants in multifamily units tend to be more transient as compared to tenants in a SFH rental. Sharing a wall and yard with a neighbor tends to bug people and can cause them to move more often.