All Forum Posts by: Maria Burks

I’m actually not even sure if that’s the correct terminology.

I am basically hoping to gather feedback from investors who chose the route of buying from a turnkey company. It’s so tempting to go this route as it seems so easy!

What’s the catch?

Do you regret your purchase? Are you happy with it? What would you have done differently? How did you choose a company?

Like many others, I’m going over my options of what to do with my capital.

I'm currently reading BRRRR and I feel like I'm totally sold on the process! If only I lived in an area where House Prices made sense. House in front of us is asking 648k and I think it sold in a day or two. and totally trash houses are being bought by cash investors.

:) 

Currently looking for a market a little bit more friendly for beginners

Hence the allure of turnkey rental companies. I’m currently looking into Hipster Investments. Anyone have experience with them?

Is there a ton of companies like them? 
A question I have would probably be why they do that, wouldn’t they be better off if they just kept all those properties for themselves?

@Matt Higgins - When you first started out, did you do the BRRRR method when you paid cash for the SFRs?
Your path to success is a great read!

Hi @Rachel Luoto, I have family in Washington so I thought it would be comforting to invest there. I live in California. 
I understand there are other places out of state that have better cash flow, but I was intimidated to look. In the last couple of years, I have invested in places outside the country. I am now telling myself that if I can do that, I should be able to invest out of state. Location question is still hard to reconcile though...

How did you decide on the places you chose to invest in?

@James Marszalek - I can’t believe how time flies! Over 3 years since my first post. 
I know you have been busy and it looks like not slowing down any time soon. 😁

Do you think your initial advice to me 3 years ago still holds true to today? 

@John Morgan - Will you eventually buy Multi-Family as well? or are you liking SFRs?

You have quite a bit of them! 👏🏽 That’s awesome! I hope I can grow a portfolio as fast as you have.

@Michael Corso - What are your 2020 goals, given the challenges you mentioned?

Hi, When investing, is Cash on Cash ROI super important? I'm a newbie. I only have one rental property, a condo that cash flows at 160$ and with Cash on Cash ROI of 12.6%

I recently bought another property that cash flows at 200$ but had Cash on Cash ROI of 5.6%

I thought I had more cash flow, but after watching the last webinar, I set aside more money for the other things that Brandon stated and I guess my cash flow was a lot lower :( 

I thought I was cash flowing at 450$ a month, but I wasn't putting things aside for CapEx, maintenance, vacancy, etc.

Anyway, I don't mean to vent. I just wanted to get people's feedback on the Cash on Cash ROI question.

Thanks everyone! I have some family in north washington, so I thought maybe investing there would be better than some place that I have no clue about.

I want to buy at a market that I can afford. I'm still researching around where I live now (SF Bay Area) but it's not looking good so I'm thinking about investing out of state. I'll definitely look into South of Seattle then and I will also try and find an agent that I can talk to regarding deals. Thank you for all the advice!

Hi BP! I'm looking into purchasing some duplexes or multi-family in cities around Seattle, WA. I was thinking of selling my home in CA right now and using the money for the investment. Very scary as I'm new at all this so I'm trying to do my research and trying to do it well. How did you guys get started? How did you decide a specific location is a good place to invest if you are not local...

Thanks everyone for the encouragement and advice! I'll definitely look into all of them. I'll read the beginner's guide and will seriously look into getting my license. 

I'll also study if the math works for my family as far as getting a 2-4 unit, I haven't considered that as a possibility in the bay area. All the prices seem so out of reach. I bought my townhouse for 345k and zillow says it's worth around 600k now but I'm not sure how accurate that is and I'm still studying how to best make use of that info.

I work in the biotech industry, have a daughter and a son on the way, own a townhouse at one of the most expensive markets in the country, San Francisco Bay Area. 

Specifically, in Castro Valley.

My parents live with me as well as my sister and I have been realizing that working a full time job will not get me enough money for retirement as I take care of my parents and try to safeguard the future of my kids. I have been interested in real estate but have not done anything about it until now, and I'm hoping that the new commitment to this path can gain me financial freedom.

My goal is to own enough rental properties to replace my current income. My plan is to do thorough research first (I have been listening to the BP podcasts, will start to read books suggested by the guests, watch webinars, try to analyze deals everyday). I was thinking of getting my real estate license. I would love to house hack but I can't because I'm taking care of my parents as well as my sister, then there are my kids as well. It's a full house. I'm hoping to be able to post a success story someday. I have all the excuses (no time, no energy, no capital) but finding this community has motivated me to get over it and at least try. Good luck to me. Thank you for reading!