All Forum Posts by: Anne Grello

 Thank you! Yes, the risk involved is what causes me pause in my offers, but you are right!

 Thank you, Ika, that is a really good point and creative approach to consider!

 I do not disagree with you in the slightest. There is undoubtably a large degree of self-imposed constraints in my scenario. It takes some gusto to push past the uncertainty and hesitation when starting out something completely new when I know there is a degree of risk involved that could negatively affect my family, should I make a big mistake. Not an excuse for inaction, I realize that. Need to re-direct my mindset and focus more on the benefits I’ll be missing if I am caught up in fear about risk. 

@Russell Brazil, thank you, I wish it was really that simple. I am restrained by the interest rates on the loans, the cash I have on hand for the 25% down payment and the average rents for this area. The higher bids take me into negative cash flow scenarios :/

Hello, I am just starting out and trying to get my first investment property. I am using a conventional loan for financing and putting down 25%. Surprisingly, (to me), I have put in multiple offers on different properties (at asking.. sometimes a little above) but the sellers choose to go with other offers. Additionally, when a REALLY good deal comes up, then I am competing with other investors that can come to the table with all cash. This is pretty discouraging for someone trying to get started. Any words of advice or encouragement? Thank you in advance!

I am in your same area and considering the same thing. I am having trouble acquiring a property though, the market for 250K and below is competitive here. I do not feel like mid-terms are currently a big thing based off of some of my interactions with local investors and property management (also we don’t have a lot of the businesses and things in Jacksonville that bring in the people that would need MTRs). I feel like its more so the STRs and LTRs. I do know some people request shorter leases but I cannot speak to how often. You should contact some local property managers! Being a Veteran, I was thinking about marketing heavily to military families, however. As you know, PCS is always hard, 10 days of house hunting may find you a house but then you still need to close on that house, etc. I was thinking about how when I came back from Japan, it would have been nice to have a place to stay for 30-60 days that was furnished and more comfortable than a hotel (especially for families) while finding a home to buy. A need/niche unique to military. Unsure how successful that would be because I have not met anyone currently doing it (and yes, if I get an application from a qualified tenant who is not military, there would be no discrimination on my part and I would definitely consider all potential tenants equally, just want to focus marketing to the population where I know there is a need)