All Forum Posts by: Antonio Verderosa

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@Patricia Steiner This will be my second (out of state) property, first of which have tenants in place so i'am trying to due as much due diligence as possible. Your response was extremely informative and helpful, thank you!  

Being that the property is out of state i will not personally be able to walk it. However my property management team and broker will be able to, is there any key things that i should ask the to look out for when walking the property? 

@Brock Mogensen great advice. The thing that concerns me is that the property will be getting managed by a property manger once i close on it. Do you have any experience/advice on transitioning a tenant over from dealing with the landlord to dealing with a property manger?

@Brock Mogensen thanks for the response. How would i go about that,from reading around i thought that i could not make any changes to the lease agreement until the lease is up?

Before purchasing a property with a tenant currently living there,what are some of the questions/things i should look for to insure i do not have problems in the future?

@Dan Weber, @Mike D'Arrigo. Thank you for clearing that up for me. What are your guys thoughts on doing a minor rehab to just clean the place up and get it rented versus a major renovation?

Hey Group,

So i'am a bit confused and i was hoping for some guidance. Currently i own a single family home which i bought from a turn key provider. Personally i felt that it was a too hands off, and that i would like to get a more involved in my next property.

My game plan is to scale and acquire property to hold for a long time. Currently i'am looking for homes that don't need major renovations (5000-10000) worth of work. I'am confused if i should do the BRRRR strategy or put 20% down.

I understand if i do the Brrrr i could pull majority of my money out in 6 months, but if i did go the 20% down route wouldn't i be able to pull the 20% equity out at some point if i needed it? 

Also instead of locking up a bunch of money doing a brrrr wouldn't i be able to buy multiple homes in that time period by putting 20% down? It seems like that would be a more effective way to scale quicker.

Like i said i'am just confused on which method would be more effective, and the pros/cons of each. Any advice or guidance is much appreciated.

Thank you!

Hey guys hope all is well! So I have a question,I’m a new investor and I’m currently buying my first turnkey property. I just received the contract from a property management company and wanted to check with you guys if you recommend any questions to ask them before signing. Thank you!!