All Forum Posts by: Dennis P.

Thanks for the reply. PenFed's agent has already contacted me and I emphasized the importance of going and getting a high-ROI property. I also have a couple of agents in mind.

Good point on possible discrimination! Any thoughts on how to achieve this goal without entailing lawsuits?

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Originally posted by @James Austin:

You may also want to look into Property Management Companies, unless you want the late night phone calls for minor issues.

Forgot to mention, but the beautiful thing is that I have a friend (LLC secretary) who will do property management for me. I have to watch that my friend is satisfied and not let the money to ruin the friendship.

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Hi there,

Never owned a home in the States, getting to ready to buy one in a small city near a university with the plans to rent it out to female students. I am investing out of the States. Here is what I am doing, and I would love to receive feedback and recommendations.

- getting an LLC, the secretary will do the work, should I still give him Power of Attorney?

- looking at 15 years and 20% down, PenFed seems like the lowest, also checking out Schwab,

- for houses, looking through trulia and zillow, PenFed also recommends an agent, which results in discounted fee;

- will be reading Landlords and tenants section.

What was helpful to you when you bought your first house?

Thanks!

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Originally posted by @Bryan Castro:

Facebook and LinkedIn groups!

Can you please recommend one or two?

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Originally posted by @Gino Barbaro:

@Dennis P.

Hi dennis

this blog may help answer a few of your questions

http://www.jakeandgino.com/blog/how-you-can-start-...

Gino

Gino, your blog post is a great place to start. Appreciate you sharing. What are some other resources you can recommend on the topic?

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Originally posted by @Jack Aduwo:

I think it depends what you’re trying to buy.

1)If you’re trying to buy a single family or duplex then it is probably better to go local. I am sure you can find a good deal within a 3hr drive from where you currently live.
2)If you're trying to buy a commercial multifamily like 5plex and above, then you need to expand your radius beyond 3hr drive. Because unlike SFR, the MFR are not abundant everywhere. With MFR there are a lot more factors to consider. Here are some of those factors: 1) Landlord friendly states like Indiana, Texas, Colorado etc. 2)Demographics. 3) Growth trends. 4) Economic activities 5) Keep away from over inflated markets like the California Bay area . 6) Reliable and trustworthy boot-on-the-ground partner
3)At the end of the day it boils down to the numbers, where can you find a good deal.

Thank you, Jack, for a very helpful reply. I have been thinking along the same lines, and you've delineated it for me. Thinking about the 2nd point. Is Florida a landlord friendly state? I've concluded that CA in general is either overpriced or very close to the top. Where does one find this and the other information?

I am also curious how does go about finding a trustworthy partner. What are your thoughts on this?

If you do not mind me asking, how do you pronounce your last name? I know of people whose last name is Ardoyno, and it is pronounced as Are-Do-We-Know. Fascinates me ;-)

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Originally posted by @Eugene S.:

Hello everyone! I live in Singapore and have been investing in real estate flips in Nevada for about 2 years.

Eugene, I am curious how are you going ensure that the deals are safe and avoid possible fraud? In an essence, you are going to give your funds to strangers.

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Hello everyone,

I am wondering how does one choose a market (US) to invest? For example, if one is looking for a quad to house hack with a perspective on commercial property. How does one find a market that will be growing in foreseeable future. Demographics may be one clue; how to go about researching them? What else factors in?

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Originally posted by @Thomas S.:

Also fear of the known. Many investors in real estate go bankrupt for many different reasons.

It's not simple, it's hard work, stressful, challenging and risky.

It's easy to make mistakes when starting out that can end your path to success not the least of which is the nightmare of a bad or worse professional tenant.

Anything that places your life savings at risk should be approached with extreme caution and extensive knowledge.

Yes, it is like people's own mind argues against them. In another post, someone called it a "mind fart". I also read somewhere that it should not be a property that excites an investor but the numbers.

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All Forum Posts by: Dennis P.

Dennis P. has started 9 posts and replied 47 times.

Post: Buying 1st investment home

Post: Buying 1st investment home

Post: Buying 1st investment home

Post: New to purchasing/referring notes

Post: New to purchasing/referring notes

Post: How to choose a market to invest?

Post: How to choose a market to invest?

Post: Buying, Rehabbing and Flipping from outside of US

Post: How to choose a market to invest?

Post: What's the catch?