All Forum Posts by: Steven Le

@Kerlous Tadres  Yea that B class area definitely seems like the sweet spot for first time investor that's investing also out of state haha! I will definitely take that into consideration thanks 

@Ryan Rominger It's definitely a scary route trying to mitigate and calculate my risk as much as possible and your right that B class does check a lot of boxes what are your thoughts on a turnkey C-C+ class neighbourhood? 

@Kasi V.  Thank you so much Kasi for your information and will definitely will be a big help! And I would be more than happy to connect and see you list of tools that help you become a successful investor! 

@Min Zhang  Thanks for the insight Zhang! 

@Todd Anderson  Thanks Todd for replying on my post! New construction investing is an area I have not looked into yet but I can see how it will mitigate all risk from everything being brand new, but in my most ideal situation with slightly older homes turnkey I can possibly buy at a better deal then going for a full purchase price I'm never opposed to any idea and will definitely look into that as well if numbers make sense I see why not. 

@Jeremy Taggart Thank you Jeremy for your insight I'm guessing a trip down to my area of choice to invest is ideal would you say? 

@Jared Smith being a out of state investor what are your processes on determining An area being a C or B class area, are you doing the google street view curb view also do you leverage your property managers knowledge, also the Real estate agents knowledge? or would you recommend I take a trip down to my market of choice and stay for a week long trip and visit the area? 

@Steve Daddeo hey Steve this was incredibly helpful and I appreciate you taking your time out of your day to help give me more insight on property management! I'm currently reading long distance real estate investing by David Greene he speaks on how to find a good property manager but I was wondering how do you go through your process on finding a property manager? If you have the time thanks Steve! 

Hey BP,

I’m a rookie out-of-state investor looking to buy my first rental. I’ve narrowed it down to three options:

1. Turnkey in a Class B area – Lower cash flow, but more stable and less risky

2. Turnkey in a Class C area – Higher returns, but more turnover and maintenance

3. Light value-add (~$5K–$10K) in Class C – Minor updates needed, better upside, but more moving parts

I’ll be using a property manager either way, and I’m not planning to be hands-on. My goal is to start with a property that’s manageable but still cash-flows well.

For those who’ve been here, what worked best for your first deal? Did you prioritize simplicity or potential returns?

Appreciate any advice!

@Tim Welfing unfortunately I am not a dual citizen, but I have spoken with a cross border accountant that works with investor cross border unfortunately LLCs aren't recognized in the Canada which can cause double taxation, but I do plan on purchasing personally which doesn't cause double taxation. Just wondering Tim what were your biggest challenges investing in the US?