All Forum Posts by: Amy Meza

One thing to make sure you're on top of are the laws regarding short term rentals in your neighborhood. Some cities are cracking down and actually fining hosts, and I think in SF they're going to start charging hotel taxes. Here's an article that mentions the Silver Lake area of Los Angeles: http://abcnews.go.com/Business/users-airbnb-breaking-law-critics-claim/story?id=20148183 If you google "airbnb local laws" or "airbnb nyc illegal" lots of articles come up, worth looking into just to make sure you've got yourself covered!

Actually, you're right, @Darren Sager ! It would be more accurate for me to say that I don't think I can afford to get into cash flowing deals in the NYC area. Given what I have to spend, it seems to make sense to reach out into a market where my money goes farther. I'm new at all this though, so I still have a lot to learn and I'm open to all ideas and suggestions!

Hi, I'm jumping in here because I'm in the same boat. I live in NYC, cash flowing deals are just not possible around here. I'm very interested to learn what strategies seasoned investors use for successful out of state investing. Brant Richardson , I would be interested in talking to your contacts in Kansas City as well! Thanks everyone!

Hello @Justin Joseph and @Shawn Holsapple , I'm jumping in here because I have just started talking with Vision Equity as well and would love any feedback you can share! This will be my first time purchasing investment property, so I'm a bit nervous and want to make sure I'm heading in the right direction. From what I see and hear so far, they seem to be a good and trustworthy company. Perhaps we can talk a bit more in a PM, I would also love any recommendations you can give me regarding a great home inspector! Thanks so much!

I haven't bought any properties yet, but this is a subject I'm definitely interested in, so I wanted to jump in. I live in NYC, so investing locally is out of the question. I know that your property manager can make or break you if you're investing long distance. I'm curious to know how the seasoned investors out there go about choosing a property management company long distance. What are some key questions I should be asking of property managers and turnkey companies when interviewing them? Thanks for sharing your thoughts!

Aaargh!! I'm going to be in Ecuador on March 11th! I'll have to make it to the next one, @Christian Lincoln did you see this post?

Hi everyone, thanks so much for sharing your ideas! It's great to have the perspective of experienced investors. Sorry for the delay in my reply, I've been away from my laptop. I think the idea of a NYC meetup and brainstorming session is a great one. Let's do it!

Hi, I'm curious to know how the seasoned investors out there feel about single family homes vs multi family homes for buy and hold investing? What are the pros and cons, how do you prefer to invest? Do turnkey companies have multi family properties for sale, or do they stick to single family? I'd love to hear your thoughts!

Hi, I'm new to REI, and I'm wondering if investors tend to stay away from disaster prone areas, hurricanes, tornado zones, etc. Are the insurance rates outrageous in these areas? Do added stress and extra repairs make it not worth the time and money? Any feedback you could give would be great! I'm in the stage of choosing a market a market. My local market isn't feasible for me, so I'm interested in turnkey properties out of state for long term buy and hold. Thanks so much for your help!

Hello all,

I'm curious to know how big a part do property taxes play in your decision when choosing a market for buy and hold investments? Is is best to stay away from states with high property taxes?