All Forum Posts by: William Kim

@Jonathan Oh Thanks, Jonathan.  I am pretty risk adverse/conservative, so iId preferably stay out of C class neighborhoods and want to be in markets that are stable and have projected growth.  But I know with that comes higher property prices though I'm unsure if that prices me out (considering my range).  

@Shital Thakkar That's a good point about a major employer in OH.  Still interested in Houston and Dallas.  Any advice in looking there?  Have you considered any city in NC?  

@Ryan Mullin have you seen good signs in KC and Charlotte?  I heard some good things about NC, but need to dig in some more. 

@Jason Graves thanks, Jason. So these are not turnkey rentals I assume? What are the prices of these homes that you’re investing in?

@Ali Boone thanks, Ali. Do you work with any turnkey providers outside of those cities? Any in Atlanta? Memphis? What kind of cash flow are you seeing in Houston, Dallas, Phoenix?

@Tom Ott thanks, Tom. I’m not sure which markets to start with as I’m hearing good things about a number of places. What makes Cleveland stand out to you? Or is it because it’s local to you?

I've been reading and receiving a lot of great advice/recommendations on BP about certain investment strategies and how to go about them.  One of the strategies that we are seriously considering and likely starting off with (have yet to purchase first investment property) is an out-of-state rental property (whether it be SF or multi).  As the preference is to continue working full-time with my current job, we are looking to find turnkey properties as we currently don't have the time to manage the property, don't have experience with any boots on the ground, and want to gain experience through working with the provider and the potential PM.  

In looking for a good deal, we are trying to determine a market that would be turnkey friendly and have cash-flowing opportunities (positive of course) with appreciation not necessary but icing on the cake.  This would be a long term hold/play.  In browsing the forums, I've been seeing cities thrown out here and there such as OKC, cities in OH (Cleveland, Dayton), Atlanta, Dallas and Houston.  Have also seen Phoenix.  

Has anyone had experience investing in these cities?  With turnkeys?  Or any other cities you would recommend?  And perhaps cities/areas of cities to stay away from?  We're looking to stay in the B/C class neighborhoods (preferably B) and maybe in the $100-200K range.  Would appreciate any feedback here!  Thanks in advance.  

@Charley C.  Thanks, Charley.  I can't say I'm currently interested in new construction at this point (still haven't made my first investment), but I'll keep you in mind.

@Theo Hicks Thanks, Theo.  I'll certainly check them out in the forums on BP.  Have you worked with any of these syndicators?  What has your experience been?  

@Joel Florek Thanks for sharing, Joel.  And congrats on the great work so far.  Did you start off with multis?  Or SFRs?  Turnkeys? 

@John Casmon  Thanks, John.  I don't think it can be emphasized enough to get to know the syndicator/sponsor.  Since the investor will be relying completely on the sponsor's experience and project management skills, it's certainly worth the time and effort to know who you are investing in (in addition to what you're investing in).  

@Eric Schultz Thanks, Eric.  I agree that a visit in person is needed for investing that amount of money.  Re: accredited vs non-accredited, do you know if there are different benefits given the accredited investor as opposed the non-accredited if both are allowed to participate in the same deal? 

@Nate Marshall Thanks for the suggestions, Nate.  I'll add them name to my list.  Have you worked with any of these people?  If so, what has your experience been? 

@Trevor Ewen thanks Trevor. Yeah, I’m not at that point where it makes sense to leave and I’m uncertain how involved I’ll want to be with the day to day matters of real estate rentals. I’ve heard that it’s a lot harder than one imagines. Maybe if our portfolio gets to the point where the income streams replace our expenses, then we can consider that? Lots to think about here...

@Taylor L. Thanks Taylor! I certainly agree that building relationships is key. Just need to find myself a great mentor as I think that would be the right next step in embarking on this REI venture! How do you build your relationships?