All Forum Posts by: Daniel Han

Wow! Thank you for all the replies! The reason for wanting to invest out of state is because of less landlord friendly conditions in LA. Luckily, I only have one unit that hasn't been paying since the beginning of the pandemic. I love my tenants and but these mandates are really incentivizing/rewarding bad behavior in my opinion. Regardless, this isn't a political post. 

Some of you mentioned syndication. I'm so new to this. Does syndication bring in the COC ROI, Appreciation ROI, and building Equity ROI? This is the main reason why I love rental properties. Three fold wealth building strategy is truly a thing of beauty.

And does anyone have any resources on where I can get involved with syndication?

I was also looking into self storage but it seems like I need relocate to the location of the business at least when it's first set up. 

Truly thankful for the wealth of knowledge in this forum and for all of your generosity in sharing!

Blessings,
-Dan

I know there are a multitude of answers to this question and each will have positives and negatives but I was just wondering....

What would the best real estate investment be with $200k? I'm in Los Angeles and I am pretty wary of investing here due to the eviction moratorium and problems with the State's/City's policies. I'm looking into Turn Key properties but there doesn't seem to be much return these days. 5% cash on cash return seems to be the average based on some properties I've seen. Texas properties seem to break even for turnkey properties. I do like that paying off principle and appreciation is there but cash on cash ROI would be great.

Does anyone have any other suggestions?

Wow!  That's a lot of awesome information, Mr. Cuttonaro! Appreciate it!  Better to be overly cautious I think.  Thanks again!

Do you recommend any specific Skip Tracing service, Mr. John Anderson?

John Anderson, 
Aren't these just credit rating agencies?  How does one check if these people have scammed other people based solely on their credit?  Thanks for your help!

Thanks Brandon McLean!  I'll look into SmartMove.  

Tasheana, I've been interested in Notes and Turn-key real estate in the Mid-West. 

Thank you!

Hello BP members,

I've been a member of BP for a little over a year now but I have yet to jump into investing with partners. I would like to partner with some people but I don't know the best way to do a background check on them. 

The reason I ask this is because I've been browsing the forums and there are some discussions of BP members getting scammed (even by other members of this site).   I have yet to find recommendations of good background check agencies or companies. Can anyone recommend a good vetting agent or professional organization? 

Thanks in advance!
-Dan

Can I rephrase my question? I have about $400k to $500k to invest and the property I'm selling is being sold for $900k cash buyer. Which strategy would you bring the best return for properties that I could possibly invest in within the next 6 months?

Thank you for your swift reply Mr.  Foster! I'll look into buying a real estate property.