All Forum Posts by: Taz Zettergren

@Nicole Arocha you've gotten same great advice on this thread. If you're wanting to do some of the work yourself I'd definitely recommend house hacking vs BRRRR. If you can get a multi unit to house hack you could potentially do a short term rental of your space while you're out of the countrry if you really wanted to get creative but either way house hacking gives you the experience of being a real estate investor while being hands on and managing a renovation if you chose to do one and being a property manager.

There are passive ways to own real estate as well, like Nicholas said syndication, lending or working with turnkey providers. There are companies that are vertically integrated specialized for helping investors who don't have the time nor the effort to spend sourcing deals, managing contractors, finding residents and managing. Working with a team that does all this in house is essential because there's a level of accountability that comes along with it. Some of these companies have gotten creative with lenders and can offer rates as low as 4.75% on a 30 year fixed loan. Feel free to reach out if I can be of any assistance

@Richard Wilkinson There are several markets in the southern/middle part of the country that are very favorable to investors with positive cash flow and growth potential. Memphis, Little Rock and  Oklahoma just to name a few. Are you looking to work with companies that are vertically integrated or more so with a local realtor and piecing the team together yourself? 

@David Herfel it depends how much time and effort you have to spend on the house itself. If you find yourself with a lot of free time and you want to get your hands dirty then I'd advise looking for something that needs some work, typically you'll be able to get a deal like this a bit under market value. If you don't have the time and don't want to spend the effort then I'd suggest looking for something turnkey. I would recommend talking with an agent there in Louisville so you can get a good idea of what you should expect as far as price ranges go

@Jimmy Leaton yes! This is the best way to start becoming a real estate investor in my opinion, I did the exact same thing by taking out that HELOC to buy a new one.

@Michael Dallas congrats on being way ahead of the game! I had no clue what I wanted to do until well after I hung up my cleats, talk about being caught up in the moment. Memphis and Nashville are great markets, Memphis will come with a few more investors whereas Nashville will likely have more owner occupants with a higher price point. I'd be happy to talk shop with you, feel free to reach out and best of luck this season! 

@James Kiefer welcome to the forums and congrats on the first post! I serve several hundred clients that all purchase remotely here in the southern/middle part of the country. They focus here because the price points are much easier, laws are landlord friendly, and more importantly they have a company they're partnering with that's vertically integrated that they like and can trust with over 20 years of doing business. I'd be happy to connect you with a few if you'd like?

I advise everyone I talk to about remote investing to take your time and take a trip to see who it is you'd be working with before you start buying. Feel free to reach out if any questions arise along the way, best of luck! 

@Tanner Sortillo If I could house hack again I would do it in a heartbeat but my wife isn't too fond of it with a one year old! I'm an active investor so I spend the time/energy in sourcing and managing my own rentals, I am also in a very favorable location to own rentals here in Memphis so I do it myself. In my market and markets around me you can get a high quality rental for 150-300k.

Rentals aren't feasible for everyone especially if you're in a market that's super expensive and not a seasoned real estate investor this is what leads people to invest out of state passively.  I work with a few hundred clients that have the money but don't have the time nor the effort to spend researching, purchasing, renovating and managing properties so that's why they reach out to me so it can be done passively. Again if you have the time and are willing to spend the effort I'd definitely do it yourself. If not there are reliable companies out there that can help. 

@Timothy Floyd welcome to the forums! I'm just south of you in the Hernando area and would be happy to talk ball with you. Feel free to reach out! 

@Tanner Sortillo it depends on his current situation, what the goals are and how much time and effort he wants to spend in real estate. If he doesn't own a property I'd definitely recommend to house hack since this will teach you a ton about real estate investing in general with very little out of pocket. If that isn't feasible for his situation I'd recommend looking for rentals in the southern/middle part of the country where price points are much easier and the laws are landlord friendly. If he doesn't want to invest actively there are ways to passively invest in real estate with companies that are vertically integrated. Some are even offering interest rates as low at 4.9% on a 30 yr fixed loan.

Feel free to reach out if you have any questions, best of luck to you and your clients! 

@Deal H. If you have the time and want to spend the effort then doing it yourself is the way to go. If you don't have the time and are unable to make the effort then passively investing is a great route if you have the right team in place. Like @Tyler Tapley mentioned turnkey can be risky, it's a marketing term nowadays so I would definitely dig deeper into who it is you're investing with and what type of areas they will put you in, I would go as far to say go out and visit them before investing so you can get a better feel of who they are, where it is they invest and the types of renovations they do. 

There are companies out there that have 0 skin in the game and are just referral sources and there are others who are vertically integrated so they own/manage the entire process from start to finish. This type of company will be married with you through the longevity of the investment so naturally their interests will have to be mutually aligned. 

Feel free to reach out if you have any question, I'd be happy to help. Best of luck on the journey!