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All Forum Posts by: Jaden Jung

Jaden Jung has started 2 posts and replied 8 times.

Hi,

I am planning on setting up a multi-member LLC either in North Carolina or South Carolina to house the rental properties under, and wanted to reach out to the community about which state is more favorable to holding rental properties - assuming that the property can exist in either state.

Thanks in advance!

Quote from @Jay Hinrichs:
Quote from @Samuel Diouf:

I think you can invest out-of-state quite passively without using one of these companies as long as you develop a solid core-4. 

There are some great OOS investment opportunities here in Ohio. 

The biggest thing you'd have to manage after purchasing the right deal for you would be the property manager, so you can make sure he's managing your property how you'd like. 


OP the core 4 while sounding cool is very very risky .. I would NOT recommend that approach at all .. its just as easy to lose your butt as to gain a little bit of equity do all that work.. Buy rehab and refi works if you can personally manage it all..

Thanks @Jay Hinrichs

Is there an approach you would recommend if not the Core 4?

Quote from @Samuel Diouf:

I think you can invest out-of-state quite passively without using one of these companies as long as you develop a solid core-4. 

There are some great OOS investment opportunities here in Ohio. 

The biggest thing you'd have to manage after purchasing the right deal for you would be the property manager, so you can make sure he's managing your property how you'd like. 


 Thanks Samuel. What would you say are the biggest advantages of developing a solid core-4 vs. a more established turnkey company that are a few clicks?

Hi BP Community,

I work full-time and am interested in some of these turnkey solutions I see online that almost seem like one-stop-shop and hassle-free. It seems to be a good way to diversify my investment portfolio if the numbers make sense compared to other asset class options.

I can't buy in my current market, so I'm looking for more affordable options out of state.

I was curious about people's experiences using turnkey real estate investing solutions, and if anyone recommends a different tool.

Thanks!

Quote from @John Morgan:

I have 8 properties I self manage out of state. I found a wholesaler who found me the deals. It’s pretty easy. I also know of a good RE agent/investor that can find you good cash flowing houses in Columbus, OH.

Hey @John Morgan mind if we chat about your self-management system out of state? Would love to learn more. Sent you a private message.

Post: Norada vs. Roofstock

Jaden JungPosted
  • Posts 9
  • Votes 5
Quote from @Jason Pabon:

@Brad Eckhardt I know someone that's used both. Happy to send an intro.
Roofstock offers a lease up guarantee and a 30 day money back guarantee on all properties. 

Have you tried considering both and seeing which one gives you a better experience? (assuming you're looking to build a portfolio)

 @Jason Pabon been reading through the Norada and Roofstock options. If you're able, would love the intro!

So since markets are hyperlocal, it would be helpful to separate the "crash" from local market corrections.

As for the macroeconomic "crash", as long as institutional investor ownership is involved, the market will be mostly stable. They are conservative in their acquisitions and carry little to no risk, and are well-funded to protect their downsides. For more info here, look into market stabilization after '09 with the advent of institutional investors. While banks and lenders caused the widespread crash, these real estate institutions also stabilized prices. I'm not advocating anything here, I'm just stating as they are.

As to the hyperlocal market correction, this will have to happen. High inflation, wages not keeping up, supply slowly rising, demand slowly falling, rates pending for a controlled easing... these factors point to a correction but nowhere near the depth / breadth of '08.

NAR ruling is also another factor (though many agents will disagree) that will take much longer to see its effects but is pending for some housing adjustments. I wouldn't count on this in the near-term, however, to force a housing correction.

Not sure what you do with this information - if you're looking to buy or just curious - but hope this helps!

Hi Nate,

Wondering if this was ever done. I'd be interested!