All Forum Posts by: Angus Yang

Hey BPers!

Looking for a new property manager in Indy, Mapleton Fall Creek area. It would be for a duplex, wondering if anyone here has any recommendations for PMs especially for out of state investors.

Looking forward to hearing from you!

Cheers

Hey @Sean Fisher,

Did you ever get the submetering figured out? Would love to hear how if you did :)

Hey Jim, 

Could you send more info? [email protected]

Is it actually rented at 2k a side or is that proforma?

Hi everyone,

I'm looking for an agent to help me find 2-4 unit MFHs in Atlanta, preferably in B, B- grade neighborhoods. I'd be looking to use this as a long term buy & hold or possibly as a short term rental (airbnb).

Would love some guidance because I'm an out of state investor and would prefer to work with someone who has invested in property themselves as well.

Looking to move quickly and I'm pre-qualified and can grab a property as soon as tomorrow as long as it's a good deal.

Thank you!

@Vinodh Rajagopalan, MemphisInvest is a premium TK company that looked really good when I was chatting with them. You can search for similar posts about them on BP, you'll see most of the people who have used them are pretty satisfied with their purchased. 

Only concern would be pricing, but it looks like a premium product so it's definitely something to consider.

Hey BPers!

I'm thinking of investing out of state, specifically in value add/fixer uppers. I'm planning on using a HML and from the ones I've talked to so far, they require that I borrow within an LLC.

I've got two questions:

1. When setting up the LLC does it matter what state I set it up in? Do I need one for every state that I'm going to invest in? Or even so far as an LLC for every property I acquire?

2. How would I go about refinancing a property I have under my LLC? Would love to connect with any investor friendly lenders on here.

Thanks!

@Account Closed, thanks for the response. 

That's great, would love to connect and see what areas you would recommend. Currently doing some research on Airdata but it's good to know companies like yours handle the step by step :)

Hi there BPers!

I've been tinkering with the idea of purchasing a duplex and using both sides as a vacation rental. I do have some logistical concerns and would love to hear from anyone else who has purchased a vacation rental out of state.

1. If you're investing out of state but still need to furnish the properties, how do you go about doing that? Do you hire a interior designer then have them purchase everything? Who will receive the items and put everything in place? Would I need to fly out or hire someone?

2. On going maintenance, since there won't be a "PM" but rather a Airbnb manager, how do you make sure the property is maintained on a consistent basis? Do you schedule annual inspections and fix it then?

Those are the main questions, I'm probably missing something but if anyone else here has experience and is willing to chat, I'll offer you a gift card to your vendor of choice. 

Thank you!

Hey @Kenneth Swartz, 

Looks like you already got a lot of answers on this but to give you my two cents. From my own personal experience, knowing that I had student loan debt hanging over me always weighed on my mind, at the time I didn't realize how important knowing interest rates and weighing the options what's a better ROI, invest now or after paying off debt.

It was more of a psychological decision than anything, I decided to pay off my debt first and it's been a world of difference in really allowing me to go head first into investing. It all comes down to whether or not you are comfortable holding that debt. 

Best of luck with everything!