All Forum Posts by: Amanda Hensley

Great thread to read, so much good information. Thank you all.

Bumping this topic, as I'd like to know if anyone has any recommendations as well.  Thanks!

Thanks everyone - this is great info.

I must be missing something - is it the additional maintenance/expense component of managing rentals?

I guess it depends on how long YOU plan to hold these investments.  If you plan to get out quickly, then maybe you should worry less.  But if you plan to hold until your retirement or something, and that hold date is past 2020 - then I would say it does warrant some concern.

Question, when you say - these requirements were set for 2020 and are impossible - do you mean that the buildings which house people now, would be deemed unlivable, and that would be impossible to get people out and raze the buildings by 2020? or to repair them by 2020 would be impossible?

I'm not sure where in EU you're looking but one angle I would think about is cultural heritage.  EU seems to strongly support that, and so if you could make a case at all that these buildings are part of the cultural heritage of your city and as such, can't be torn down, you may not only get a "pass" on certain requirements, you may also be able to get funding help to get them up to code.

@Jay Hinrichs 

 - You saw where I was going with my question :)  We have two rental properties in TN that are variations of the 2% rule but I'm always interested to hear about appreciation plays and how people find/decide.

I haven't looked much in PDX - only because I've been focused on TN acquisitions, but deals in that market aren't nearly as great as it was in 2011 when we first bought there.  So now I need to branch out.  Thank you for those pointers!

@Brie Schmidt - thank you for the tip on wards! - I'm sure there's an equivalent in my area.  

@Brianna Schmidt, a question for you on your strategy.  Where are you looking for these redevelopment plans and city initiatives - in the newspaper?  Or do you go to the town hall/city council meetings?  It probably depends on your market as to where these are advertised/discussed, but I'd love to hear more about how you do this...

Welcome!

Welcome - there are several folks here who invest at a distance.  Do you know the Detroit area well?  That will help you, and also choosing your property manager carefully will serve you well.  That part is kind of hard to do at a distance but I bet BP folks could give you good advice there, too.

Congratulations!