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All Forum Posts by: Jay Bhatt

Jay Bhatt has started 5 posts and replied 72 times.

@Arianne L.  Congratulations on your success. Our path seems to be taking the similar direction. We have a buy and hold, doing flips, getting into wholesaling while making our foray into Multi Family space. 

My business Partner met you a while ago when he was visiting FL. We should get in touch again.

Wishing you much success!

Post: New goals, new life starts now. (Chicagoland)

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Rafael Salinas II I invest in NWI and often time need help with properties as I am an out of state investor. PM me. We can figure something out.

@Mindi Rosser Sent you PM.

Post: Turnkey vs OOS Rehab

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Zack P. I was in the same boat in Late 2016 and decided to set up my own OOS rehab operations. I have listed out the steps I followed in a different thread.

https://www.biggerpockets.com/forums/311/topics/54...

I inquired number of  the turnkey providers that were out there in 2016. I would recommend Crestcore in Memphis to help you with your OOS rehab process that you mentioned.

https://www.biggerpockets.com/forums/517/topics/22...

@Douglas Skipworth and Dan Butler were straightforward and I would recommend you to reach out to them should you decide to take that route. Personally, I haven't bought a property from them. However, their operation was quite impressive and I have heard good reviews about the company.

Lot of turnkey companies have moved out of C class neighborhoods and more into 100K +. A good example is Memphis Invest.

I will recommend  @Sharad M. He has great turnkey product in Northwest Indiana market. Again I haven't bought any but he has a stellar reputation of putting out great quality product.

I expect to have more information on Chicago area after this weekend. I am going to attend @Brie Schmidt's  Midwest conference.  She is a great resource in Chicago market.

Good luck!

@Sourabh Bora Congratulations man. Great to see you getting started. I will follow the discussion to get the updates. Wish you much success.

Post: Midwest Real Estate Networking Summit

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Brie Schmidt Got the one of the last three on Pre-Sale. Looking forward to the event. I invest in NWI and hoping to meet other RE professionals investing in that market. Thanks for organizing the event.

Post: Morristown Real Estate Investor Meet Up

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Hitanshu Shah Congratulations on starting and conducting your first meet up. Wish you continued Success.

Post: Done with Portland Metro Market!

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Jay Hinrichs NWI has gotten quite competitive too. The big local players seem to be selling off their properties.

@Rocky Pe Benito What Jay has mentioned here is quite true about  lower end rentals.  Getting a deal is difficult in any market right now. Someone has mentioned the new BP book which I am reading right now and would recommend for sure if you plan to start as OOS investor.

I am out of state investor from NY investing in NWI. Feel free to reach out if you have any specific questions. Good Luck!

@Sal Siddiqui The Yonkers meetup group has been lately inactive. There is westchester REIA and Dealhouse group in New Rochelle that you can attend and network. Follow the links below.

https://www.meetup.com/Westchester-Real-Estate-Inv...

https://www.meetup.com/DealHouse/

Hope this helps.

@Lisa Rispoli Great initiative. Request Sent.

Post: Do you invest outside of your state?

Jay BhattPosted
  • Tarrytown, NY
  • Posts 79
  • Votes 43

@Jeremiah T. I didn't buy turnkey. I managed the rehab from out of the state. It is more challenging for sure than buying turnkey and that is why I mentioned earlier that if you find that daunting, ease into REI with turnkey investing but alway do your due diligence.

If you plan to get into turnkey, you have to extremely vet the providers. I had done fair bit of research in different markets with number of providers before going my own route late last year. 

There are some markets where you can still make money buying turnkey whereas in some market the prices of these properties are too inflated in my opinion.