All Forum Posts by: Mike Ruangutai

Hi BP team,

I'm a first time investor interested in turnkey investments. I've heard quite a bit of negative things about turnkey companies broadly speaking. While on the other hand I've heard good things about Norada here on BP specifically. Has anyone worked with Norada in the past few months? 

Thanks!

Mike

@Steve Olson Thanks! That is certainly sage advice. Would you mind sending me the turnkey guide? I'll send you a private message with my email address!

Thanks @Rosston Smith! I have been listening to the BP podcasts nearly every day and just bought Brandon Turner's two books on rental properties. 

I've been trying to research areas looking ESRI, city-data, etc. What's the best advice on researching areas?   

I've also been researching turnkey as a vehicle considering the out of state situation and from what I have read it's all about sifting through the legitimacy and experience of turnkey providers. 

Thanks!

Hi Ali,

Oh really? Do you also work out of Walnut? Interestingly, I work out near Playa Vista and commute from Walnut. I'm looking to be a sponge so I'll certainly take you up on the offer to share! I'll shoot a private message. 

Thanks!

Mike   

@Carolina E. Thanks for pointing me in the right direction. That video was very helpful. I'll try searching out of state investing as well! 

Hi BP community,

First off, so happy to be a part of the BP community. I recently decided to learning more about real estate investing and joined Bigger Pockets by extension. Now that I am here I am finding things quite overwhelming. There is so much to consider: business plan, market, team, financing, etc. Couple things before I start spraying questions.

Our goal(s): My wife and I are looking to build enough cash flow from our REI in order to retire and spend more time with our two young children. (Shocking, I know.) About us, we are southern California residents who are considering a "buy and hold" strategy out of state due to the purchase prices here. Being new to real estate investing, buying a rental property, let alone an out of state rental property makes us a bit anxious to say the least.

I've read BP's "Ultimate Beginner's Guide" which was great, but also left me with more questions. For the experienced buy and hold investor with out of state experience, where should someone like me begin? How do I find the best markets to purchase a single family rental? How do I find and screen a property manager? Should we even consider out of state investing the first time out?

 Thanks BP community! Any advice is much appreciated.

Mike

Thanks everyone. I'm looking forward to learning a ton from all of you and the BP community!

Hi BP community! 

I've been a BP podcast listener for a few months and looking to get more involved with real estate investing. BP seems like a knowledge rich forum so looking to learn a whole lot from all of you.

I'm from Walnut, CA, a suburb of southern California, and thinking/wondering how to invest in a more expensive area or whether to invest out of state.

Thanks!