All Forum Posts by: Jason Tinder

Hmm... living in Venice Beach and investing remotely in different markets. Sounds a whole lot like the American dream. Glad to hear that someone is having a positive experience with turnkeys. I've been leaning toward going that route. My own market just doesn't quite pencil out, and even with slightly lower returns, I'm thinking going that route is still a better return than I'd get in my backyard and being hands on. It just might pay to do less!

Interesting site, by the way. I'll check it out more when I run across a little time.

Phoenix has the advantage of connections for you, so plus one for Phoenix. From what I've been hearing online, though, AZ does seem to have been bid up quite a bit. The chorus of voices seems to be saying Texas at the moment. That's not necessarily me, that's just where it seems more people are looking for a better return. So all other factors being held equal, Texas might be the best bet. Maybe the best idea might be to shop both and see where you find the better buy while taking into account you AZ connections.

Hey, Matthew. Sorry to hear about the headache. Pretty unbelievable that something like this could happen. I'm not a lawyer, so I can't give the best advice, but I do know that transactions in real estate must be in writing, which it sounds like some weren't. Unfortunately, I suspect the missing funds will be difficult to recover if they were cash, and you would probably spend more recovering them than they're worth if he makes it difficult. Unless there's more money involved... Fingers crossed for you though.

Side question - I'm in a situation similar to yours in that I am looking to invest somewhere with better returns. I've heard Indianapolis is great for cash flow. Just curious how that market has worked out for you overall (aside from this headache) and whether you'd recommend it to another investor. (I tried to PM you with this question but had a little trouble)

Elizabeth Colegrove - That's a very interesting set up you have going. I've never considered that a property could be maintained out of state without a property manager, but then, again, I can see how it's possible in the situation. The military situation and renters sounds like it has paid off really well. The most surprising thing to me is that you've managed to gather these up in different states, but hey, if it works, it works.

Thanks for the response. Really, eye opening in a lot of ways as to what can really be done from a distance.

Elizabeth Colegrove - Ha, I had to laugh at the part about never knowing which "sh**ty little town" is the place to invest. That's probably very true.

Mind if I ask a few questions?

- How do you structure your deals? Are you just doing traditional financing w/ 20% down?
- I read your profile and it says you manage them yourself. You don't use property managers at all, even out of state?
- Do you have to do a little rehab on the houses to get them into rentable condition, or do you focus on those that are already in great shape?

Just curious.

Jenkins Ramon - Thanks for keeping me posted on those. Pretty valuable threads here, for sure.

Rebecca Chapa - Thanks for the input on Texas. That goes well with what I've been hearing. Everything has been telling me that Texas is a great market to invest in, and that may very well be the route I end up choosing. If so, I'll keep you posted.

Hey, everyone. I'd like to learn from all you and how you went about picking an out-of-state market to invest in. I believe that in this digital age, I can cherry pick the best markets in the nation and invest there, and I've read that many people are doing this successfully.

I don't have many connections in other markets, so it would be especially nice to hear how people picked an area and made it happen. How has it turned out? Will you being doing more of it? What are you goals and how does that market help you meet those goals? Is there are particular market (aside from the one you're already in) you would recommend now?

I really want to hear what worked for you and learn from your experience.

Robert Steele - What do you mean when you say that you expect prices to normalize in Texas? Do you feel that it's still under priced?

Yeah, we are kinda neighbors, in a distant way. I'll look forward to July, for sure. And nice job on putting this place together. I started a forum once, and it was a whole lot of being helpful and answering questions at first. Definitely not an easy thing to do.

Mehran Kamari - Thanks for the book recommendation. I just put in an order on Amazon, and I really think it's right up my alley. I do have a lot of questions and would like to hear what your experience has been, since you seem to have a similar strategy. Maybe there's a way you can benefit from using some of my time in exchange for what you know, and I know a good amount about website building, if that's part of your strategy in any way. I'll PM you.