All Forum Posts by: Jonathan Oh

@Demarcus Crump

It's not just about the numbers, but the location. You want to invest in neighborhoods that are desirable. These areas tend to have better tenants and see a higher demand from renters and buyers. The higher demand, the higher your rents will be as well as the value of your home. I see so many new folks on here get too caught up on the amazing ROI of C class properties without understanding the downsides. Make sure you research and understand the pros and cons of each property class. Hope this helps!

@Lee Scites

If you can work with brokers who specialize in investments then yes. I found that most are more catered to primary home buyers.

@Yippi Jim

There could be many reasons the owner is selling. Does the property need any work? And what are all the items included in the operating costs?

@David Garcia
Being on the other side of the world, the most attractive options for you would probably be turnkey or syndications (if you qualify). Another question is how much time you have on your hands. If you have more time to dedicate towards building local teams to do the work, that may be a good option as well. Hope this helps!

@Scott Sherin You want to be investing in markets that is at least seeing job growth, population growth, and reinvesting into the city (development, services, infrastructure, etc). Once you pick a market or two, connect with turnkey providers. I'm sure you read about the importance of vetting the turnkey provider. While that is certainly important, what's just as important is that you do your DD on the property. Just because you like a company doesn't guarantee you a good property. Hope this helps. I invest in turnkeys as well so feel free to reach out to me with any questions!

@Michael Phillips You will get better feedback if you let us know what you want to get started with. Wholesale? Fix/flip? Turnkeys? Syndications? Notes? There are so many different ways to invest, so your question is very vague.

@Beth Barnes There really aren't a whole lot of differences between long distance rental and long distance turnkey. Turnkey is no different from any other rental other than the fact that it has been fully renovated with a tenant has been in place. Turnkeys are set up so that once you buy, you immediately get cash flow. Think of it as a lazy way to invest. But it's great for beginners who want to get their feet wet or investors who are too busy to put in the time to do the work themselves. Hope this helps! I invest in turnkeys myself so feel to reach out to me with any questions.

@Alison M.

One of the biggest reason for turnkeys is it doesn't require much time and skills. No need to find distressed properties, pay cash, manage rehabs, or worry about contractors running off with your money. One of the biggest downside is that you're buying at market price. One of the best way to build wealth is through value add. You don't get to do that with turnkeys. Turnkeys are really meant for investors who aren't too interested in going through the learning curve. It can also be good for beginners who want to get their feet wet before deciding to tackle things on their own. Hope this helps!

@Corey M. I am not sure how you're getting 2-4% returns. You would need to share how you're calculating your numbers for us to better understand how you're looking at the deals. Turnkeys should always come with a tenant. Be careful of investing on Roofstock. They do sell rentals with tenant in place, but no guarantees of the conditions. Buying turnkey means it should have been fully renovated before it was rented. Hope this helps!

@Steven David

With a little over a 1 million in cash, you have a lot of options. The question is how involved do you want to get with your investments and how much control do you want? Also, you need to determine how much cash flow you need every month to live comfortably. Also, are you open to investing out of state, or only in Dallas? These are questions that will focus your scope even more. Hope this helps!