All Forum Posts by: Jonathan Oh

@Michael Silverman In addition to other people's advice, know the neighborhood before you actually pull the trigger. It's about the location as much as the property. Don't get enticed by super cheap properties without fully understanding the pros and cons. And if you invest OOS, plan to scale. If you're looking to just buy one and be done with I wouldn't do it. Hope this helps.

@Avery Rustad
For it's price and what it delivers, it's absolutely worth it. Like @Mitch Messer says property managers are a good resource as well. I wouldn't be surprised if they used it themselves. But using them along side rentometer can give you an even better gauge. The more information you have, the better. Hope this helps.

@Gary Garcia My goodness these are some CHEAP properties. And you have to ask yourself why. Without even knowing where these properties are, I can almost guarantee that it's not the best areas. Remember, you're not just investing in properties, you're investing in the neighborhood. Try to research the macros - population growth, unemployment, incomes, etc. Maybe it is a decent area.. but we won't know without knowing where these properties are. I don't know what your full background and goals are, but just be sure to know what your getting yourself into with such low price points.

@Barry Truong Read up about the pros and cons of turnkey. It's not meant for everyone. One of the biggest con is that you're buying at-least at market price with not much room to add value. But if you're looking to own rentals and be hands-off as much as possible, then it might work for you. Hope this helps.

@Shant Ohan Very curious about this app like everyone else lol. Turnkeys is just a terminology for rent-ready rental properties with tenants in place.

@Mason Adelman I'd read long-distance real estate investing by David greene. One of the best RE books I read for out of state investing.

@Andrew Z.
There are good markets in all those states with great turnkey providers. But I think you should first start with what your goals and then go from there. Turnkeys have its pros and cons, so be sure to know what they are. And as a Californian, the prices in these OOS markets can get real tempting because some properties are dirt cheap. But careful when you do because they're cheap for a reason. Look at the median home prices in the markets and try not to go too far from it. Hope this helps!

@Lokesh C. Keep reaching out to them and start looking for other PMs. 5 days no response is unacceptable.

@Doron Mizrahi I agree with @James Maradits comment right above. Everyone will have their own definitions. For example, some look at crimes, some look at age of homes, some look at income levels, etc. The best way is judge neighborhood character is to look at all these factors as a whole. Think about the property you intend on purchasing and the rent price you are targeting. Then look at all those factors and ask yourself how well would this investment fare in this type of environment/neighborhood. For example, if you're expecting to charge $1,500 in a neighborhood where median incomes are $40k you probably will have hard time finding qualified tenants. Hope this gives helps!

@Kendra Fowler Huge fan of house hacking if you can do it in your backyard. But starting out, I would educate myself as much as I can on whichever strategy works for your situation. Hope this helps.