All Forum Posts by: Jonathan Oh

@Nam Trang Did you already purchase in California? If so, you definitely want to talk to lender again.

Ahh that makes sense lol. Congrats again!

@Aj Parikh

Congrats! Just curious, how is your cash invested 44k on a PP of 415k? Did you do 10% down? And ae you doing any work on the property?

@Lynn Anthony Don't do reits because you lose most of the benefits of real estate. I've invested in syndications and own properties out of state. Syndications are very passive, but you are at mercy of sponsors. As long as you invest with someone reputable, you should be fine. I started with turnkeys, but like you mentioned cashflow is very hard to find now. If you want to own properties, I'd look at deals needing cosmetics at most. If you're looking for cashflow, consider residential multifamily (2-4 units). I know some great agents in several midwestern markets if you want to go this route. It does take more work to be a landlord, but everyone has a difference tolerance level. For me, it's only busy when there's a vacancy or big repair. Other than that, it's mostly just sending few emails to my PM. Hope this helps!

@Jenny Elomaa Not sure where you're looking, but 15k sounds like a huge project especially for an out of state investor. I invest out of state as well and generally stick to properties that require cosmetics at most. It's all about where you want to be on the risk/reward spectrum. A 15k home sounds like high risk, high reward scenario. I personally prefer to stay in middle towards to the less risk side, but thats just me. Hope this helps, good luck!

@Jake Pickett

If you want to self-manage, you can minimize risk by outsourcing to a leasing agent. If you have only a handful of rentals, I think it is manageable. But make no mistake, you'll still need to build a team to be your boots on the ground. Start building a list of these contacts before you invest.

@Jake Pickett if you're looking for cashflow, midwest is your best bet. But make sure you're investing in good neighborhoods with strong demographics and economy. That will be one of your biggest hurdles when investing oos.

@Derek Mittendorf where you getting the 3.5% on the refi?

@Joel Allen How do you handle evictions?

@Saurabh Patel link isn't working