All Forum Posts by: Taylor Dasch

I think you have an advantage since everywhere you go (travel nursing) is a perfect market for STR and MTR. You will be able to generate much more cash flow than a LTR. As far as appreciation goes, you will just have to do your research on the markets your interested in. Also Keep in mind that if you do purchase a property in each location you go for work, you will have properties spread out everywhere, A lot of management companies prefer to have a whole portfolio of properties to manage rather than just 1 so that could increase your property management costs. Ideally you would have the properties in one market where you have researched and are very familiar with. Hope this answers your question. My gameplan would be to buy for cash flow and acquire as many properties as possible!

I believe half a duplex is a town home. Not 100% on that though. The Pros are that it is typically cheaper than SFH and the rents are pretty much the same at least in my market. The cons are that the lot is usually much smaller and a lot of times there are HOA fees with townhomes.

Man you are in a great position, just the fact that your willing to move away to enhance your investing potential shows that you are hungry for it. Since you have pretty much the whole US to choose from your options are way more than I could even start to list. What I would do if I was in your situation is pick an area that I enjoy. Purchase a duplex - ideally one that needs work- refinance it, house hack it as long as you can, and aquire as many properties as you can. The MAIN thing that I really wish I would have done is to have a clear well thought out vision of where you want to be in 1 year, 3 years, and 5 years and then determine what actions you will need to take, then determine which market will be the best to reach your goals ( this will likely be a lot of research if your picking from the whole US lol)

I am assuming she is older so would like to take less risk. If that is the case then she she would have to get a loan that takes into account the income the property would produce. My initial thought though (a little more risky) would be to use HML to purchase two flips, then use the profit from the flips to purchase a buy and hold property that would get her monthly income. Although it is not ideal to purchase properties in cash, that may be her best option and would lower her DTI so that she may be able to refinance for her next deal. I would speak to multiple lenders personally and see what they say.

Zillow Deals are typically on the MLS or FSBO. I get deals from wholesalers(that I found on my local FB investor page), and by contacting property owners myself. To reach out, I skip trace the address and it should have their phone number. However, if that doesnt work you can find the owner of the property through the county assessment district and then look at the mailing address, this is typically their primary address so you can go knock on their door if that is your thing!

Definitely would be the MLS. It has the most accurate and updated information. Now that would be hard to get access if your not a realtor. But just keeping up with properties that come on and off the market and talking to real estate investors and agents is a great way to keep up with it.

Disclaimer I have not used this but I plan to if I ever do use a partnership.  I would offer some sort of return for the property so if someone invests 100k, I'll offer a 10% return in 6 months. Fix the property up and refinance it, then pay them back their 110k and keep the property for myself. That would be my ideal partnership, but in the end pick a solution that is a win win for you and your partner.

Been trying to find this for a while now, hopefully someone has a better answer than me. Look for the obituary first. Find the mailing address for the property and door knock that address.  Use FB to find people with the same last name. Use the county website and search the persons last name. Just some possible options but I am really not sure. Good luck!

HELOC and Cash out Refi are the obvious ones, The team leader for my real estate team (Envision Realty) uses some sort of portfolio loan where they use the equity in the properties as leverage for purchasing the properties as well as fixing them up. That may just be a regular portfolio loan lol I havent looked into it yet.

It does sound pretty risky and definitely let your own research hold more weight than AirDNA I have found those numbers to be slightly inflated in my market.  The home needs to cashflow from the beginning, if your purchasing an expensive home it should produce results for you. If I understand correctly your planning on having the AirBNB pay the mortgage until the mortgage is paid off then you can retire? That will be 30 years anyways and you could have hge growth in 30 years if you just buy deals that cash flow and let it snowball into massive wealth. You can literally buy a 12-18 unit apartment complex for 1 million in my market that cash flows from day 1