All Forum Posts by: Jared Smith

@La Toya Flowers Butler welcome to the forums! What is a goal you have as you start learning about RE investing? These will change over time but always good to start somewhere.

@Andrew Wade first narrow down if you want to be an active or passive investor. That will start to help form your strategy.  Are you able to find investments near where you live now? Are you open to out of state investments? What are you looking to achieve in the short, mid, long term? If you can answer these types of questions you will know what is important as you game plan for the next 10 years.

@Daniel Vo, sent you a message but I am proof that you can start in your late 30's and figure this all out while still serving and setting yourself up to grow even more when you retire from the military. I was a Navy submariner for 21 years and really focused the last 6 years on growing our portfolio. It definitely takes discipline, a growth mindset, and educating yourself but you can certainly do it!

@Adzo Hidrissou welcome to BP. What type of investments are you looking at to start with? I am working with some NJ clients on turnkey investments in the Midwest/midsouth markets currently. Is that some that interests you?

@Arun Maheshwari we work with clients to find turnkey rentals in Houston, DFW, and San Antonio in TX, but also have 8 other markets we're in across the Midwest/midsouth. TX market has been a popular choice for those seeking higher appreciation. If you have any questions about this or any other markets I would be happy to answer any of those questions!

You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties. If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company. We would never recommend that for our clients.

@Giovanni Magana welcome to BP! We work with lots of clients from both coasts, but especially from CA, helping them find investment properties with residents in place under 2 year leases from day 1! When you are ready and want to learn more about the Mid-South/Mid-west markets that we are in I would love to share more details with you on a call. Best of luck on your real estate future, it's been a fun adventure for me!

-Jared

There are several basic rules for a 1031 for identifying properties, timelines, and uses. 
I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process. I have used George and Bill at www.1031esi.com multiple times. When I was in your exact situation looking for help, they were the only ones that provided solid answers and walked my wife and I through the full transaction.

We help clients in your exact situation all the time but we are located in the South/Mid-South and only deal with SFRs. If you don't find what you are looking for near your area, we would be happy to help.

You can hear more about what we do here on this BP podcast: 

Best of luck!

@Mattin Hosh I work with clients that invest in the Memphis and several other markets in the South. I'd be happy to provide an overview of what our clients are experiencing and would ever offer to get you in touch with some recent clients to discuss their experience working with us. Your first step is definitely learning about the markets you are interested in and figuring our what your desired end state / goal is that you are hoping to achieve through real estate. This will likely change through your real estate journey, but I always recommend starting with something in mind.