All Forum Posts by: Jonathan Oh

@Gaby Liu
That is a tough one. I see things like this happen to so many out of state investors. If you live in Irvine, you should check out a meetup group called Club 500. They are a group of local out of state investors who share knowledge, contacts, and even invest together sometimes. It's a great network that I learned a ton from. I am sure you can come out of this hole stronger and smarter! All the best..  

@Brooke Brink 
I think you're good. I wonder what they're even asking you to do.

@Andre Lewis Yup, in my opinion, knowing your PM is most important. As long as you limit your investments to properties in good, proven neighborhoods, you've made it easier on everyone. Especially, your PM who has to deal with the tenants.

@Andre Lewis

I'd connect with local investors, agents, and property managers and start building a team. Another route is turnkey. Regardless of which way you go, make sure you do your own due diligence. And remember when you buy a rental, you're investing in the property AND the neighborhood. The latter is something many beginners look past. Read up on A, B, C, and D class neighborhoods to get a feel for it and go from there. Hope this helps!

@Katja Jeschke
50k is a very low price point. Things are cheap for a reason. Just be careful which neighborhoods you invest in. Do your research thoroughly, because the cashflow might look great, but if you get evictions every few months, you're going to be losing money. Good luck! Let me know if you need help researching anything.

@Justin Rockitter Spot crime is a great source for crime. Crime data is difficult to gather because it requires merging fbi data with local law enforcement divisions. NeighborhoodScout is probably one of the best companies out there right now that do this. I'm also currently working on a similar software that breaks down crime by neighborhoods. You can DM for more info.

As for your question on investing in high crime, I generally try to stay away from areas that had high rate of violent crimes like murder. But it's important to look at other factors as well such as rents, incomes, ownership rate, unemployment rate, etc. Hope this helps!

@Thiago Zanetti
First off, good deals are subjective. A good deal for one person may not be a good deal for another. And if I understand you correctly, you're trying to compare two different strategies. If you're looking for brand new builds that cashflow and are located in solid neighborhoods, then I don't see anything wrong with that strategy. As long as you understand that it's a much slower wealth building strategy. The reason people say get 75% of market, off-market only, etc. is for the value-add play. There are pros and cons to both. Hope this helps.

@Nam Trang
For starters the best metrics are ownership rate, unemployment, income levels, and population growth. These 4 will give you an idea of how wealthy the residents are and how desirable the neighborhood is. I'm actively working on a software to pull all this data and much more. If you're interested, check out my profile.

Also, you may want to connect with property managers and other investors in the area to get their opinion as well. They can offer valuable local insights that data cannot such as whether a factory is about to be built right by your property, etc. Hope this helps!

@Dennis Tierney Very unfortunate to hear this happen. This is why I always stick to B class areas backed up by data. Next time, try to pay close attention to ownership rates, household incomes, and unemployment alongside crime rates in the area. I'm currently developing a software to help investors do precisely that. DM if you're interested in trying it out. And I hope this property is stabilized by now! Hopefully, it's an improving neighborhood..

@Jeffrey Allen Congrats. It's always nice to be able to invest in your backyard. Great work!