All Forum Posts by: Alaina Donofrio

Wow to both the pics you posted! Interior is beautiful, and yep I've had to clear out vegetation, SUCKS! Literally back-breaking work.

Good job on lessons learned, and thank you for sharing your story.

Property is 2 houses on one lot, NOT a duplex. And I found it on Redfin, oddly enough he had taken it down from the site he had it listed on but it didn't get cleared from the aggregate sites. I was specifically looking for properties that had been active for a long time, this will sound weird but my thinking is this: when I go to outlet stores I always look at things that are NOT my size because some items just have off-sizing so people who are a small like me fit them, but anyone looking at their size (like a large) won't fit. So I was looking for the oddballs where maybe the SF didn't match county records or the price looked ridiculous, but then you read the description and find out it's two houses, or the house and adjoining chunk of land. I also look for 1033 exchanges because they're usually motivated to make the deal happen (time constraints). So I was looking for mislabeled or motivated properties. I bought my last few primary residences this way and, except this last one that I HAD to have due to it fitting everything that I want and need, have made money on them above appreciation when selling. 

If I sell my perfect place I'm in now I'll still make money, but I love it here and don't ever want to move :)

Well I did it! Found a FSBO deal, did all the math and while it's not the most amazing deal, but it's still really good: positively cash flowing ($200+ per door) in a solid up-and-coming area (I'm buy-and hold) and it's close enough for me to self-manage. Dealing with the mortgage company now, I have excellent credit so I'm not worried at all about getting the financing, it's making sure I'm not paying too much for it. Inspection is Wednesday, getting a sewer scope as well as it's an old (1920's) property.

Wish me luck! I'm excited! I feel like the dog that caught the mail truck :)

Hi! I'm looking to do my first deal and would love a recommendation for a realtor and property management company in Pueblo. I have my ducks in a row when it comes to financing, just looking for the boots-on-the-ground team there. Looking to eventually get up to 10 doors in the next two years.

Also, any advice for that area?

Thanks in advance :)

Thanks for the guide! I grew up there and have family in N Olmsted and Strongsville, so I know a little bit about the market. Granted I haven't been back in a while, so I'll definitely read up on trends! Thank you :)

Thanks for the response! What's your take on buying in a market where population is declining? I'm looking to buy and hold, I want a fairly passive revenue stream so not exceptionally worried about appreciation other than I don't want to lose money if/when I sell...

Thanks everyone for the responses! I'll look into local meetups :)

Hi everyone! I'm new to real estate investing, and my head is spinning from reading so much the last few months! I'm pretty sure I'm looking for a turn key property outside of Denver as it seems to be a bit crazy here, possibly Cleveland or Phoenix (as I've lived in both areas). Any advice? Is it worth going to any of my local real estate meetups if I don't plan on investing here?