All Forum Posts by: Dennis Cobos

@Account Closed 

Hello Eric!

Thank you very much for sharing those resources! They'll surely save me a lot of time and help me learn about other people's experiences with Rent to Retire.

Hi all,

As the title suggests, I'm looking to connect with people who have invested with TurnKey provider, Rent to Retirement. I've seen good reviews on them here on BiggerPockets but I've also learned that part of vetting these TurnKey providers is to talk to their current customers!

I'd ideally like to hear from people who've been investing with them for at least 3 years, but if it's less than that I'd still find it valuable. 

I'm from the San Francisco Bay Area looking to invest in the Indiana market.

Let me know and I'd love to set up a quick call to chat with you. Thanks!

Hi everyone,

I’m a new investor looking to invest out of state in the Memphis TN area. I’m looking to connect with other out-of-state investors that also invest in this area to get some insights on the market, the better areas to buy in, and how you built a team from a distance.

I'm looking for properties that need some minor rehab to do a BRRRR strategy. I'm also looking into turnkey properties. Lastly, any recommendations for agents and property managers in the Memphis area would be much appreciated.

Looking forward to connecting, Thanks!

Neil Henderson 

Thanks for your suggestions! I have heard good things about the book on Long Distance Real Estate Investing from multiple people so I will be reading that soon.

I do want to focus next on identifying a few target markets to invest in, then as you suggest, find property managers there and get their opinions on the market. I think that finding a property manager who has a good network of contractors and investor-friendly real estate agents would be the first priority.

How did you identify the first out-of-state market you invested in?

Young Park Nice! How did you end up deciding on investing in the Kansas City market? Yeah, as with everything else when you’re learning about it it sounds so straight forward but when it comes to the application, that’s where the struggles begin lol I do want to read those books so I’m glad to hear you got a lot from them.

That’s awesome that you were able to find a mentor to help guide you! That’s something I want to do as well. How did you initially connect with that mentor? Any tips in finding a mentor?

Your reply was really helpful, I appreciate it!

 Yes, I agree! Identifying a few target markets and networking with realtors in those areas will be my first step. Once I do this I plan on making trips there to meet face to face with those individuals and build that human connection for sure. Any recommendations or tips for researching target markets?

Hi AJ, nice to meet you, and thanks for your input!

Yes, I definitely agree on starting with ‘why', that's something I aim to define in every one of my goals. I'm mainly interested in cash flow, in SFH to small multi-family buildings in B or C-class neighborhoods. In terms of rehab, I've never done this so it'll be a learning experience for me. Any tips or lessons learned from you on this?

I do need to start researching markets so I can begin to define my criteria in that and select one to invest in. How did you identify the first out-of-state market you invested in?

I appreciate you pointing out the importance of knowing how to analyze properties. This is something I need to start practicing every day. You also mention building a foundation of knowledge for OOS, so how did you start building this foundation of knowledge?

One last question, what’s been your biggest lesson so far investing out-of-state?

I appreciate your help!

Hi everyone,

My name is Dennis Cobos. I live in the SF Bay Area and I work in product management. I had originally started my real estate investing journey back in 2016 but didn’t go anywhere with it, but now I’m restarting it since I’m in a much better place and looking to purchase my first property.

I'm looking to invest out of state and do the BRRRR strategy. I want to do this strategy because it allows you to scale up and build your portfolio faster. Of course, I understand that it's much easier said than done.

I’m trying to figure out where to start, so I wanted to ask those of you who have done this strategy out of state a few questions:

• What resources did you find useful for learning how to do this out of state?
• Are there any courses, books, etc. you recommend?
• What’s the one thing I should focus on now?

I’d also love to connect and expand my network with those of you who have done this strategy out of state.

I appreciate any and all help in advance!

Hello everyone!

I live in the SF Bay Area and I'm currently in escrow buying an investment property in Huntsville, Alabama. While I'm looking up Property Management companies there, I'm wondering if anyone on here that is local to the Huntsville area, or also invests here as an out-of-state investor has any recommendations on Property Management companies? Any insight will be much appreciated!

Also, if I should post this in another forum as well, please let me know.

Thanks!

Hi everyone!

I am creating a software application for real estate investors that are managing their own properties. This application would cover a gap that I believe currently exists when it comes to managing the tenant lifecycle. I would like to do some user research with real estate investors in the Walnut Creek area that have between 1 - 10 properties that are self-managed.

I am asking to meet for around 15 - 20 minutes of your time over a coffee (which I would gladly buy for you) and just have you answer a few questions.

Please reply to this post or private message me through BP if you’re interested.

Thanks for your time and help!