All Forum Posts by: Carl Murray

From what I've seen... 

Urban = Appreciation and moderate cash flow.

Rural = Less appreciation and (possibly) better cash flow (IF you self manage! )

There can be great contractors in rural areas. There can be terrible contractors. Same with property managers. You have to run numbers based on your personal goals and financial situation. Normally, I'd stick closer to urban areas (jobs). BUT, there have been some ridiculous rural cash flow deals cross my desk.

(for what that's worth)

@Brandon Terrazas

Nothing is perfect, but being conservative with numbers helps. Where are you looking to invest?

@Kevin George

Probably an LLP, but I wouldn't do business with family unless I have 51%+. They don't make decisions. It's still very risky from a relationship standpoint.

@Max Katelouzos

To make sure it’s as close as possible, get some written bids.

@Paul Lionetti

That's some ROI….

@Paul Lionetti

Congratulations!

@Tina Lucio

Do it right… have an attorney do the paperwork and transfer title.

@Bryan Berrios

Market rent goes up regardless of whether or not you update the property…

@Bryan Berrios

When the lease expires, raise the rent. If one leaves rehab the other and offer them the rehabbed side at the new rate. If they don’t want it raise their rent and rent the rehabbed side. If they leave, rehab that side and rent it.

@Brandon Terrazas

You don’t.

#1… don’t take a property manager (or real estate agent’s) word. They might be honest and great. Things still change.

Build in cushion.

Estimate expenses high.

Do the management yourself until it’s too much. No one cares about your money as much as you.