All Forum Posts by: Jonathan Oh

Yes, I invest OOS and I started with turnkeys too. Turnkeys can be safe IF you work with a good provider and you invest in the right deal for you. Turnkey just means the heavy lifting of finding deals, rehabbing, and finding tenant is done for you. You're going to get a different experience from an turnkey in an A neighborhood vs a C. There are pros and cons to everything whether its the different neighborhoods or going turnkey vs non-turnkey. Just know what these are so you can make an educated decision. Hope this helps!

@Rachel Santos I'd listen to what @Mike Darrigo said. Especially if you're new to REI. Doing a BRRRR remotely is not as easy as you might think. The most important part is to have a team that you can trust. If you're looking for something passive, this is not it. If you're willing to put in some work, go for it!

@Hayden Lyon DFW is a tough market to find cashflow. But its certainly a market for growth. Jobs, population growth, diverse economy are all in favor of the market. 

@David Pryce Welcome to BP! Just curious, what made you choose Columbia, MD?

@Marc Bartolini I don't there is a software/tool that can identify markets before they get hot. Best thing to do is connect with local investors and attend webinars showcasing markets. You can also look at general macro trends as a starting place before you dive deeper into your research. Here's a free interactive chart you can use for some basic research.

@Jovann Thompson I think 15k isn't going to get you anything worthwhile in this market. If you can house hack locally, that may be a better option.

@Roman Serebryakov There could best multiple reasons why owners sell MF such as 1031, cashing-out to invest in other assets, tired of managing, etc. Question is, does the deal make sense for you? Everyone has different circumstances. As long as the deal works for you, that's all that matters. 

@Nicholas Barbera Most reputable turnkey companies are in the midwest. There are plenty of articles on the pros and cons, so i'll let you read up on those. But one thing many of them overlook is the importance of location (a mistake I made when I first started buying oos). If you're investing oos, you prob won't know much about the different neighborhoods. Work with an agent you trust. If you're going to work directly with a turnkey company, do a thorough background check on them. And always do you own DD. Hope this helps.

@Chinyere Orie 
I never paid for a mentor, but I did get a ton of education attending REI meetups and networking. It's amazing how much you can learn in these types of meetups. I met a few investors who I considered mentors, but I didn't pay them. I just befriended them. But try to make it a 2-way street, offer some value yourself. For example, I'm a data geek so I helped them out by sharing with them real estate data that I was collecting at the time. Hope this helps!

@Nina Granberry Congrats! This is a great read for anyone starting new.