All Forum Posts by: Kenneth Biason

@Michinori Kaneko Thanks for your response. You are right, I think I am trying to formulate what my end game is. I am leaning more towards BRRR's, because of my apprehension from never doing this before I thought turnkey could be used as a stepping stone to learning the market. My eventual goal is build wealth in a similar manner to yourself. I think once I get one done and have the "proof of concept" for myself I can scale up once I make the right connections and have the right people. Your assessment is definitely true.

@Tom Ott Thanks for the input, I'm considering it as an option to get my foot in the door into an out of state market, as a way to learn the process as someone with no experience.

@Jason Larson Thanks for the suggestions, I will definitely check out the FB page

@Chris Clothier Thank you for your insightful post. I am very new to this, with no experience at all.  I work as a pharmacist, while I consider myself as fairly organized and able to manage a team, this is something different and I know I need to put the time in learning, which is why I come here to hear from people like yourself.  I am definitely not going to rush into things as you said being patient is important. Thank you for your advice.

All valid points, thank you for making me more aware of these considerations when going through a rehab.

@Jeff Schechter that is something to consider that as an out of state investor, since we are not there do we end up paying a premium on contract work? 

@Jason Tressler as working with investors, is it possible for out of state investors to reap those rewards of forced equity in rehabbing properties from a distance even after paying the premiums to keep a team to doing their work

@Clayton Mobley Thanks for that description on pros and cons. I can see the logic behind going that route if that fits your needs as an investor. If your ok with leaving the forced appreciation piece on the table. Right now I have no experience with either turnkey or BRRR but I am looking on which would be the better starting point for myself. I definitely think I would eventually want to do mostly BRRR but to get started in being comfortable with a particular out of state market, I would consider turnkey if the right opportunity presented itself.

@Camilla Sauder That sounds like a good way to enter the market and be able to form a team and gain experience. I will definitely keep my eyes open for deals like that. Ideally i’d like to try to make connections to form a team on the ground.

@Daniel Root Thanks for the input, i am definitely checking out indianapolis

@Michinori Kaneko Thanks for the recommendation i’ll definitely check her out