All Forum Posts by: Dan D.

@Jeff Schechter Thank you for reaching out, Indianapolis is one of the markets I am looking in to. I will reach out to learn more.

@Tom Ott Thanks for the links, I'll be keeping those thoughts in mind as I continue my research.

@Larry Fried Thank you for the suggestion, I have considered planning a trip out to the area once I get a better idea of market to invest in. Being a new investor I think this could give me a bit more confidence in long distance investing.

@Lane Kawaoka Thanks so much for the offer! I've been checking out your site this afternoon and listening to some of the podcasts and reading some of your posts. Thanks for putting up so much information and insight on your own experience. I find it really helpful to read and learn about how other people have progressed into this world of real estate. It seems like you really have developed a good understanding of real estate in a relatively short time from all while maintaining a full time job as an engineer. This is very encouraging to me. I am also an engineer (mechanical) looking to generate a passive income stream to supplement my day job.

Hey Matt, 

Thanks for the insight. I have seen some turnkey providers deal analysis sheets and noticed that some do have some questionable assumptions built in (very low/non existent vacancy and maintenance assumptions). I'll be sure to run my own analysis with my own numbers and perform my own due diligence on the market itself and the rental assumptions. I agree with you're suggestion to invest in quality products - A/B neighborhoods - to reduce risk. Do you have any tips or resources on how to evaluate a neighborhood to determine the neighborhood class?

Hello BP,

I created a BP account last year, but have only been lurking on the forums, reading articles and listening to podcasts since. I am now determined to get started investing in real estate in the first half of 2018 so I think an introduction  to the forums is  good place to start. I've enjoyed reading discussions on the forums and I look forward to participating in them and continuing to learn and meet other real estate investors through the forums. My initial goal is to purchase a cash flowing property by the end of July 2018. Eventually I would like to generate enough passive income to retire. I currently work as an engineer and plan on using income from my day job to finance downpayments for rental investments.

I am interested in out of state investing as the cost to enter my local market (SF Bay Area) is a lot higher than I can afford and don't typically provide cash flow. Turnkey investments are attractive to me as a newcomer since I don't have experience in renovation and don't have a network of potential teammates. I'm doing research to try to find what markets I want to focus on trying to get into (generally the midwest markets are attractive). I am also currently looking at a few turnkey companies to see what types of markets they invest in and what their business models are like. I know I still have a lot to learn, so I welcome any and all insight into out of state investing or turnkey property investing from CA.