All Forum Posts by: Jay Bhatt

@Jeremiah T.@Matt Bontrager  Getting the first property under your belt is the key. I had heard that lines so many times before I started investing. Once I acquired first two properties in Dec.2016, I understood the value of that advice.

Take your time to analyze the deals and ask questions but set a timeline to get to your goals and just do it. You will become so much comfortable after you have your first property in your kitty.

People are investing from out of country into US. It is not so challenging anymore to get over the commonly held belief of "investing in one's own backyard".  Reach out to people on BP, they will be more than glad to point you in right direction and share the mistakes they would like you to avoid.

@Eric Jan Congratulations on getting started with the first property. Wish you the best

@Jeremiah T. I  began investing in Real estate by purchasing my first two properties out of state. As mentioned here couple of times you need to look into building a team. If you are not up for that, you could buy a turnkey to ease your way into out of state investing.

Feel free to reach out if you have any questions.

@Matt Bontrager Based on my personal experience I would say not a lot of travel. However, I had visited several markets before deciding on to the one where I would invest. I believe it definitely provides you a scope of meeting local investors and other real estate service providers as well as a chance to check out the culture and feel of the neighborhood and city you want to invest. Good Luck!

@Kim Puckett  8 to 10% is the standard. I know three property managers in my market who charges within the range I quoted.

@Jay Hinrichs That's the expectations. Thanks.

@Jeff Petsche PM me and we can chat on the phone during the weekend.

@Jeff Petsche I was in the same boat as you 8 months ago.  Like you I cast a wide net of multiple markets. I spoke with tons of turnkey providers across USA and got information about local market which I then vetted with the help of local investors in those markets. After reviewing the numbers, I decided to not go through turn-key model as I realized I could be more active and develop my own team on the ground.

I had created criteria about renter to homeowner ratio, crime rate, employer base etc. to narrow down the markets. Finally I visited three markets and had the appointment to meet with local RE agents, wholesalers, contractors,attorneys. I  had their information through BP - either they were member of BP or some local investor recommended them.

Once I visited the local markets, looked at the properties , it became evident the market I wanted to be in.  We got 4 proeprties in last 6 months and eyeing to scale up in the upcoming months. We are in North West Indiana market. We are focusing on buy and hold strategy.

Feel free to reach out if you need any more information. 

WIsh you much success.

@Michael Swan Congratulations. I have been reading your post for a while. Being an out of state investor myself, I find it inspiring on what you have achieved in a short time frame. I am investing in SFR right now but surely looking into MF- getting my education as we speak.

I would check out the books you have recommended. Your enthusiasm and passion is amazing. Good luck to you and @Joseph Q. I intend to reach out to you once I have my plan for first MF acquisition in place.

Wish you much success and thank you for sharing your story time to time and again.

@Willie Harris Welcome to BP. We have been investing in NWI remotely. I would suggest attending local Real Estate Investors Association(REIA). @Adrien C. is a great source and runs a REIA there. I believe every second Thursday of the month but He can confirm further.

Meeting local investors and picking up their brain will certainly provide you support to go out there and do your first deal.

As long as you know your numbers, you will become comfortable with each and every passing deal.

Good LucK !

@Elizabeth Goodwin Welcome to BP.  I would recommend  attending Yonkers Real estate meetup and Dealhouse meet up in New Rochelle.

Send me PM and I can forward you the meetup links since I am not sure if I can post them here.

Good Luck!

@Rachelle Rayner Great Agenda. Looking forward to attending it.

@Andrew Kougl

I was in the same boat as you last year. I did exactly the same. Visited the markets I was interested in and met the turnkey providers. Ultimately i decided to go on my own in NW indiana.

As couple of people have mentioned, if you decide to go turnkey route in NW indiana you won't find better product and team than @Sharad M.

If you decide to visit NWI, PM me and I can send you contact details of local brokers, GC , Property Managers.

Good luck!

@Ryan Johnston @Adrien C. is a great source and you can bet on his referrals.

If you want additional options, PM me and I will send you the agent's info who works with lot of investors.

Wish you much success.