All Forum Posts by: Daniel Castellano

Hi, 

Does anyone have any knowledge or experience in purchasing properties where a majority of the tenants are under section 8 "low income assistance" where the government pays most of their rent? I am concerned with the quality of tenants however I believe there are tax benefits etc and occupancy could remain high due to the government assistance. Any advice is appreciated.

Thanks in advance!

@Chris T. fantastic advice! Really appreciate the help :) 

Hi,

I am looking to purchase my first real estate investment out of state, an apartment building with 18 units. I am unable to inspect the property myself due to work commitments etc so I was seeking advice on a company or type of service that I can have perform a thorough inspection on the property (foundations/plumbing/wiring/roofing) etc to protect myself from major costs later down the track and for my own piece of mind? any suggestions / ideas would be greatly appreciated :)

Thanks in advance!

50 units may be slightly out of my price range for the time being however could be possible if a few other investors joined in, nevertheless a great idea I will certainly look into @Chris Tracy and I appreciate the advice. Would you suggest hiring a property manager company to manage smaller apartment buildings (say around 10 units for example) if that is the only investment I can currently afford, and is there any other option with regards to finding someone to manage the property for me being interstate if cash flow from a small apartment complex doesn't allow for the additional expense of a property manager? 

Thanks!  

Great to hear your business is doing so well, I am working for Schlumberger mainly around the williston and watford areas. Im not too familiar with the water side of things, the clients we work for usually use Rockwater as their water company. Northern Idaho sounds pretty good, a lot of the guys on my crew are from there so might be able to get some good info from them. I will check out that podcast thanks for the recommendation!  I had a similar issue not too long ago with getting a loan as i have only lived over here for 18 months despite earning great money and having decent credit. Let me know if you make any deals before i get a chance to, i would be interested to see how you go! 

Thanks for the fast responses, great to see I am not the only one in this situation. @Landon Eskew I am also working in the Bakken, as an engineer. Agreed, the market here locally is far too volatile and oil dependent, I am definitely looking elsewhere. My only real option at the moment is investing around the salt lake city Utah area as I live in between there and here in ND on my weeks off so I have a little knowledge of the areas etc around those parts. Besides that it is very difficult to know where to start looking, which I am finding to be the most difficult part of this whole process. 

I will definitely check out some of the Podcasts too as most people recommend them, I am sure there is one related to out of state investing. 

Hi all,

I am new to the real estate game in the US, I am from Australia and have experience in investing back home and am trying to learn as much as I can about real estate investing within the US as i live and work here now. I am looking to invest in a multi family property (such as a quad), I have quite a bit of savings ready to go but my main issue is I live and work in a very isolated part of North Dakota which makes it very difficult for me to scope out potential neighbourhoods and out of state areas which might be suitable. Any advice or tips on effective ways to effectively invest in this situation would be greatly appreciated :)