All Forum Posts by: Eric Wang

I'll bump this post. Hopefully we can get a first person review of how working with him went.

2 Million should easily get you far more than 20K per month if you were to invest it wisely. Turnkey would be a good idea if you really aren't interested in the more active approaches to investing. My question is why not leverage your 2 million to 10 million dollars worth of properties? Hypothetically that could be dozens of properties of cash flow and dozens of properties with growing equity to utilize for even more properties.

Another idea would be to look for syndication into larger multi-families. If you're really looking for a passive investment into real estate then maybe look into that.

Thanks everyone! All of your perspectives has been very insightful. I'm thinking at this stage in my life I should be making connections for more TurnKey style of properties and/or lighter rehab work type of properties. We'll see how comfortable I end up feeling with a rehab type of model.

My eventual goal is to get in to larger multifamily/apartment style of properties, which I assume would require more contract work rather than my own.

@Account Closed I posted in the Seattle Forum intending to reach out to more of that community as that's where I am from. Seems like I need to start learning to do some handiwork myself.

My main concern is that I won't be able to find an effective deal at all in the state if I don't do a value added deal. What I was kinda probing for was how often have the local Seattle Real Estate community been able to invest effectively in distant locations within the state and managed to do it with less rehabbing work them selves.
 

@Brenda E.

Thanks for the response! I didn't quite mention that I am from Seattle, so many markets that make sense in terms of ROI are far away. Is it worth it do value added real estate investing if the market I want to invest in could potentially be over 2 hours worth of driving away? Especially with the busy schedule?

Hi all, I'm quite new to investing and am jumping in feet first with a full time job and part time student. I've looked to Turnkey in the Midwest to get my first deal, but now am looking closer to home as that seems to be how most of y'all recommended and have done. I'm looking into the value added type of properties, but am reluctant to take most of my free time to work on the properties myself, especially when most properties are incredibly far away (my research pointed to Spokane with my budget) and me not being quite handy myself.

How many of y'all rehab your properties yourself? Is it efficient monetarily enough to exclusively hire contractors to rehab the houses into rent ready conditions?

Congratulations Toben! Did you happen to find a way to address the earlier concerns? Specifically with the full time handy man and property manager?