All Forum Posts by: Account Closed

if all investors stick together and help each other we all become better investors.  

I think the key words here are education, networking, and action. By doing all these things you will eventually find people the right people to help you. In my opinion a lot of investors enjoy helping others. It's a "pay it forward" thing. We all have that special someone that helped us get our start and it's only right to be that special someone for someone else.

Thanks everyone for your responses.  As I predicted it seems like the best opinion is your own.  But get educated before you make that opinion.  I made this post for the newbies (I guess I'm no longer a newbie now...woo hoo)  as when I started over a year ago I was ready to trust and listen to the first guy I met with no due diligence what so ever.  After hearing different options from every investor I started to think I better take a step back and decide what information to follow and which to set aside.  It was very eye opening in the beginning.

Snehann Kapnadak Listen to Steve Lehman. He is "boots on the ground" in that market and helped me get my start over a year ago. He is a great resource and asks for nothing in return.

Snehann Kapnadak In my opinion you have narrowed your research down to 2 great markets. My advice would be to start looking for reputable turnkey providers In these markets now. See what each have to offer and then go from there. Don't let statistical information alone to steer you one way over the other. Statistics are only one piece of the puzzle as there are tons of other pros and cons that you will not find on a statistical chart. Talk to people that actually invest in these markets and get there take on things. I invest in Indianapolis and use a company called FS Houses. I do not invest in Memphis however I have heard great things about both Memphis Invest and Mid South Home Buyers. I would contact all 3 and explore your options.

As a beginner investor I was overwhelmed by all the help that was offered to me. However it eventually became apparent to me that most of the people I had been talking to were actually turnkey providers trying to sell me a house. I get that they have a buisness to run and this is all part of making a sale, but what concerns me is that newbie investors are getting a biased opinion because their is clearly a conflict of interest if the person giving you advice is also trying to sell you a house. So the question is, how do you get a unbiased opinion in this game?

Adrian Smalls I would recommend you speak to an investor friendly insurance guy named Jason Bott. He may be able to help you. Good luck

Does anyone know a bank or credit union in Canada that could do a HELOC on a rental property. Both me and my dad own some properties in Alberta that we would like to take out a HELOC to use to buy other properties. Any advice or referrals would be appreciated. Thanks.

Matt R. I agree with you 100% and I am a turnkey supporter all the way. At least the goods ones that is. From my experience using a turnkey provider simply helps make things a little smoother, especially for the inexperienced and out of state investors. If you find a good one, they are basically your eyes and ears for your properties and your market. It's more of a convienence to have your whole team under one roof. But still requires you to be involved regularly. It's definitely not as passive as people may think but perhaps a more guided approach to real estate investing instead of just jumping in all by yourself.

Matt Gaines Best advice I can give you is for you to find a good turnkey company from referrals from actual investors who have actually used them, and actually own property in that market. You find the turnkey company...Instead of them finding you. And with a post like this you are about to be approached by all of them. Good Luck.