All Forum Posts by: Dan Griffin

Hey folks, I'm wondering if you can add some insight here.
My wife and I will be spending 6 months or so in the town where my parents live. We were thinking that maybe it would make sense to buy something, get a low interest loan as a personal residence, and then leave it with a property management company.

I'm pretty new to RE investing. Is there something I could do with a lease option where I am the lessee? (Something where I take over the owners payments and give myself a pre-agreed price to potentially buy later.)
Or perhaps buy something subject to existing financing to gain some equity?

Looking forward to your thoughts.

Assuming I hire a management company to handle property, how much work will my property be? How often will I have to be involved with issues?

In addition to the property management fee, what have you folks found is a good number to estimate for monthly maintenance expenses?

Do any of you handle tenant screening yourself, but allow someone else to run the day-to-day operations?

Just looking for experiences. (We are not yet landlords, but strongly considering it.)