All Forum Posts by: Jared Smith

 I sent you a connection request and message. Let me know if the message didn't come through for some reason. Thanks!

@Shyla Springmeyer it sounds like you're off to a great start. Conducting due diligence on multiple markets can be a daunting task finding a partner that has experiencing multiple markets may help simplify that for you.  The other thing that can help is finding someone within an established track record outside of your area of expertise that also has clients that are willing to chat with a new investor like yourself

Coming to the market for due diligence is important to see the area that you may invest in a home, but these markets are all pretty big. I would say the more important thing is to sit down with the company your are thinking about investing with and get a feel for how they're going to manage your property, conduct maintenance, communicate with you and conduct business in general to see if they truly have your best interest at hand as a partnership and not just a transaction. 

@Mark Trumble once per yer is overkill in my opinion, residents aren't likely going to drastically change how they live from one year to the next, but prior to renewing the lease for the first time is a perfect opportunity. I would think ahead about how it is going to turn out and if you  have criteria for terminating the lease.its always a balance of what is happening in your rental vs. what you are will to put up with. 

@Harkeerat Sandhu welcome to BP and the forums. Are you looking to invest locally or away from your local area? 

@Aida Dedajic, looks like you may be looking to either for or with your mother to find investment properties, is that that correct? There are lots of markets and companies out there to assist. Just remember that every city/market has sub-markets as well. So just like in NOVA, every area of every city does not bring the same value. If someone shows you a deal that looks like you can't refuse, you may want to dig deeper into those for details on eviction, maintenance costs, turnover, etc. 

would be happy to answer any questions you have about out of state investing and turnkey opportunities. My wife and I sold a condo in NOVA in 2017 that we purchased at the height of the 2007 market and was still under value in 2017, but were able to buy several homes in Memphis with the forced appreciation we had. We have never looked back.

Best of luck!

You can check my profile in my signature, also I sent you a connection request with more information.

@Hen Mor Thanks for posting and would love to learn more about your goals for getting a started as well as your longer term goals. Working with overseas investors has become more and more common as the Memphis market is getting more exposure. Would be happy to answer any questions you may have!

@Rich Chen you can have your cake and eat it to! You can do a cash out refi on your existing property for an amount that will leave you with some cashflow and will allow you start the cycle of having someone else pay for your home loan again, then take that money and invest it in something else, other properties perhaps. This will allow you to grow your portfolio base and not be over leveraged, but still taking advantage of appreciation and some cashflow. If you can manage to have roughly the same amount of passive income, but have significantly more assets under management, it will significantly increase your long-term wealth! 

Happy to answer any questions on this comment.

@Joe NA the property or properties you ultimately purchase are the ones that you identified in the 45 day period. You don't have to wait until you close to Start identifying though. You can identify up to 3 properties of any value for the exchange. There is an associated 200% rule that says you can identify as many properties as you want up to 200% of the value of the exchange but if you identify over 200% value, you have to close on all of the properties. The Qualified Intermediary (QI) like @Dave Foster helps keep you straight on this rule. 

An alternative to Mather larger investment would be multiple turnkey properties that always you to spread out your deferred taxes. So if you ever want to harvest some of your gains, you can sell a smaller chunk of your portfolio instead of having to sell the whole thing. Alternatively if you purchase these with cash you can have options in the future to take out a mortgage on these properties as needed to have access to all of that cash you invested but in the mean time someone else is managing and paying all you expenses on those properties.

@Oswaldo Zamora, I truly hope you are able to find a home/market that meets your criteria here in 2025 but my feeling is that it is going to be very challenging, even for seasoned investors. With that being said, you will be able to find some 1% paper deals in various markets, but I would be very careful with those, especially if the price is under $150k. In my personal experience in median markets in the Midwest, where housing prices tend to be lower than most markets, the sub-markets that have these deals available come with increased risk, especially for an out of state, first time and/or first time investor.