All Forum Posts by: Jeff Wallenius

@Marc Lease welcome to BP. Why have you decided on Kansas City for your investing, I think it's a solid market, just curious of your strategy.

Diane G. I'll echo what Chris Mason has posted, buying multifamily in another state is a big deal. The pitfalls are many, but you can do it successfully. You must find a rock solid team who have your best interests in place, and education and transparency will be paramount.

Welcome Harini Rajendran there are many great avenues across the country if your local market is too expensive, just make sure your educated on every option. Best of luck!

@Jaye Seay what are the terms you have been quoted to work with these programs? I have not heard of either one, so can you expand on the services they offer?

@MarieChele Porter the key to investing out of state is to work with high quality partners, I know that seems fairly obvious but seems to get missed by a fair amount of investors. There are many good TK providers around the country, some provide options to buy "prehabbed" meaning you pay for the renovation and should have equity in the property once completed. Other companies offer new turnkey homes which provide a good value as maintenance and CapEx numbers can be reduced for a longer time period than an older TK product. There are shady operators out there as well, education is a must.

@Felix Badillo there are many opportunities across the nation to achieve exactly what you outlined in your post. With your busy schedules the key will be forming a solid partnership with a provider that can take care of the smaller details. My business partner owns an anesthesiology provider company and his clients (doctors and surgeons) have incredibly busy schedules as you know. Buy and hold along with passive investing in funding opportunities and an occasional fix and flip a few times a year would be a great way to diversify and ensure you hit your long term goals. Best of luck and happy to expand on those options for you.

@Jason Schooley welcome to the site and good on you for educating yourself on the ins and outs of real estate investing. Your relationships with your friends as business owners will be a fantastic resource as you move forward, real estate investing at it's core is a relationship business. Best of luck!

Patrick McCarthy welcome to the site, it's a great resource and a fantastic way to connect. Best of luck!

@Fletcher Caulk there are many opportunities for turnkey investing across the nation. Do your homework and see what areas best fit your goals. I agree with @Kaleb Musie that @James Wachob is a fantastic resource for your Memphis market. Best of luck!

@James Allen this is a fair deal, but I think you can do better if investing out of state. If you figure on a cashflow of $200-300 per month per $90,000 investment that you could easily achieve with turnkey products your looking at $600-$900 a month cash flow if you transitioned into 3 single family turnkey products. Make sure you explore all the options prior to investing outside of your home state. I'm happy  to assist always.