All Forum Posts by: Ishviyan D.

I'm hoping to build out my portfolio in the coming years and may face situations where I purchase properties from different turnkey providers in the same market. Given that each turnkey provider has their own established PM, whether in-house or external, is there any downside to having my properties managed by 2-3 different PM's in the same market? Or is it better to consolidate and bring all properties under one PM? I am speaking purely from an operational / efficiency perspective assuming all PM's in question are equally effective and capable. Curious if anyone out there has any opinions on this. Thanks.

@Robin Hines@Andrew R. - do you have any thoughts on your experience so far with usreeb? 

@Mike D'Arrigo@Ralph R.thank you to both of you for your excellent points. I see why trying to rehab out of state on my first foray into REI can be dangerous. It's just that it's impossible to find any good value around NYC where I am. Go east and you have ridiculously expensive Long Island. Go west and you have high tax NJ. Go north and it's still crazy expensive. South leads to philly (2 hours away) which may be the closest reasonable REI area. Regardless I am pursuing the turnkey route with a property in Indy right now so let's see how that goes. The lure of equity is cash out refinancing but I guess that'll have to wait for now. Thanks again for your help.

@James Martin thank you. @Levi T. sounds like you are referring to a turnkey real estate provider. My issue with turnkeys is that any potential forced equity gained through the rehab is delivered to the turnkey company / rehabber and not the investor buyer. That's why I'm very keen on being able to "own" the rehab phase of the process. 

Hello BP community. I am based in NY and given the poor cash flow around this area in general, I'm looking to invest out of state from beginning to end. This includes scouting for below market / reasonably valued properties, having a designated property manager and contractors conduct rehab of the property, and renting out the property. I understand this can be quite a challenge, and feel like the most critical aspect would be finding the right team on the ground - including an investor-focused RE agent, a skilled property manager, and reliable and honest contractors. If anyone has had experience being in such a situation, or knows of agent / PM / contractor contacts / references (or are yourself a RE / PM) who would be able to help pull off such an operation, or would be willing to partner with me in some capacity, please let me know. Your input would be greatly appreciated. I would like to focus on strong rental markets including but not limited to Indiapolis, KC, Birmingham, Dallas, Memphis. Thank you. 

Originally posted by @Account Closed:

Stick it in the stock market, S&P500 fund or ETF. Let it sit there all of 2016 and by the end of the year it will probably be closer to $180k. So ten you will have $180k to invest in RE. The market is nearing a bottom n a buying opportunity is getting close to presenting itself.

 Seth, that's dangerous advice. No one can predict the bottom in the stock market. And no one can predict it's performance over the next year. If you could with such certainty, you can invest in some call options and become a multimillionaire.