All Forum Posts by: Cathy G.

If you are asking about either or and not both...I would not invest in 3d printing.

Interesting article.  I know nothing about the subject-so I can't speculate about how it will impact housing.

I did think about if this could be an affordable answer to affordable housing for the homeless.  

I recently listened to a youtube show about LLC. The speaker helped me understand the topic a bit better. I don't know if we are allowed to link to to youtube. Here is the title:

Proper Use of LLCs for Real Estate  The group was real estate asset protection.  You can google it and find it in youtube.

I take my dog on a walk in our neighborhood. There are several homes that are 150 feet from the creek. None of these homes were in the flood plain until they were.  The foundation of his home was cracked and his house was condemned.  Make sure you have rental insurance if you pursue it. 

If you are a long distance investor, what strategies should I employ to ensure I have done due diligence before I fly out to see the property?

I can think of only a few things and I'm sure there are plenty of others.
Some maps tell me if a neighborhood is high crime- but what does "high crime" really mean? The entire area is D or F? or only some streets in that neighborhood.

A property manager might tell me if they are willing to work in the neighborhood. Can I ask if they have properties in the area? Can they show me photos of homes they manage?

I recently read about the person who almost bought a condemned home. Can I call the city and make sure the property is sellable?

What am I not thinking of? How does a prospective buyer do due diligence?

I bought my first home in 2012. The market did really well and I have the same tenants since 2013.  I hired a property manager and moved to Europe.  Although I have had an investment since 2013,  I haven't been tested.  Things have worked well in my favour.The home has nearly doubled in value and I will have it paid off in 15 years.  

While I am glad that I nearly own it free and clear,  I am considering using the cash equity to buy another home. 

1)  I will buy a turnkey home- do I want to contact a wholesaler? Do they only work with realtors or do they also work with small scale investors?

2) If I am buying in a area that I am unfamiliar with, how do I know if the area is a C D or F neighborhood?  I would like to invest in Michigan- but I could invest in other places.

3)  I have about 140K that I am willing to work with.  In my head, I would like 3 properties. 40K as a down payment for each place and 20K left over.  I would like a tri or quad plex and I will not be living there.  If I look for quads that cost about 150K each- is this likely to be a  C, D or f neighborhood?  What about if it was recently remodeled? Does the fact that someone remodeled it mean the neighborhood is getting better?

4) Last question-  will a bank give a novice investor with good credit three different loans close together? Does having tenants in place help or hurt the loan approval? Does it matter if the tenant is month to month vs a one year lease?

I specifically looked for this post to see if you updated. Great outcome. Good news!

If the furniture is in good shape, you might call a shelter or some other place and have them come and get it.

Thank you, Ramon, it was me who misunderstood. Is there a difference in HUD homes vs Section 8?

I bought a home while on vacation in Oregon.  I left the next day.  I am lucky because I have the same renters since 2012.