All Forum Posts by: Danny Simard

My partners and I just got our first buy and hold SFR in Georgia. We asked our property manager if we could use their business address (and their PM business entity) as our registered agent, they said yes. If you use property management (I assume you would if you're out of state and you own rentals), ask your PM!

@Dan H. - Thanks for that recommendation. I'm joining now. 

@Cj Powderhorn - I recently moved to Tijuana and am exploring investment opportunities in the bigger municipalities of Baja California. I'm happy to connect and share ideas. 

Hi Jesus, your post just came up in the search. I know it's four years old, but I'll share my two cents on Mexicali. While I'm sure it's possible to make money in a place like Mexicali, I'm skeptical there is much money to make in the city. Housing isn't a particularly limited resource, and while it's the state capital and a job center for the region and the country (I'm thinking about the maquiladoras), the rents don't really justify a BRRR or similar buy and hold strategy.

Hi Abraham,

Congrats on getting this deal started! I visit Mexicali often, so I'll be sure to look around for your project. Be sure to let us know once construction is done and the units are ready for tenants.

Danny

Hey Cedric,

I think it's a great idea to be an agent as a means to get experience (and raise capital) for real estate investing. That's exactly what I'm doing right now. My broker had to also join the local MLS before I could, but it was an immediate turnaround (not sure why you're having that trouble with HAR).

My short-ish term goals are to learn the process and understand the transaction of buying and selling residential property, and to make money doing it. Plus, I enjoy it. I don't mind working with retail buyers and sellers. 

As far as your broker goes, I guess you should try to figure out if you'd rather have the independence to learn as you go, or if you want a mentor to guide you through the process of residential sales. 

Are there any brokerages in Houston you're considering switching to? One aligned more with your goals?

Thanks Jon. 

This just dropped into my inbox from RealtyTrac. I can't say I'm surprised that California is so terrible, but wow, look at Florida!

Would you say this heat map matches your target market?

Link: http://www.realtytrac.com/content/foreclosure-market-report/best-and-worst-markets-for-buying-rentals-in-q3-2014-heat-map-8153

Nice! And that's a pretty solid spread on the deal, too. 

Great question, thanks for asking! I was wondering the same thing a few weeks ago.

Hi Ben! Welcome :) Lawrence is a cool town! One of my best friends went to KU and took me down Mass a few times. 

Enjoy the site!