All Forum Posts by: Dustin Cook

 Thanks.  She has been very happy with it.

 Hi Ali, we are in downtown LA.  My wife grew up in the California as well.  She bought rentals in Las Vegas and Murfreesboro as an investment several years ago.  She has since sold the properties in Las Vegas.  These properties she bought on her own, they weren't turn-key.  They've all done pretty well, besides a multi-unit low income apartment building in Las Vegas which was a nightmare.

Thanks for the contact Darius

 If we were to buy in LA it would be for our primary residence.  In fact we are currently in escrow in Lincoln Heights, though I am expecting it to fall out of escrow as we are difficulty with the bank and the seller.  Definitely not interested in rental properties in LA.   Riverside County may be an option though as it looks to have great price to rent ratios. 

Oh ok, I didn't realize you were describing turn-key and full-service provider were one in the same.  I'm learning the technology on the fly.  I've been listening to podcasts on the subject.  I've pulled yours up and will listen to it now.

 Thank you for the welcome Marco.  I play 20/40 limit hold em mostly, but I play all of the games.  I prop at one of the big casinos out here.

The issue with finding a reliable agent is indeed my main concern.  This is part of the reason I was considering acquiring a turn-key rental.  Do you have any opinions on those?  Since you say that full-service provider of investment properties are best for 80% of out of state buyers, I would probably fit into that category.  Do you have any tips on how to find such a provider or have specific providers that you recommend?

@Joe Villeneuve

Thank you for your insight, what you describe is very appealing to me. 

Hi BP.  I live in Los Angeles where my wife and I have been having trouble buying a home for our residence.  We took a cash out refi on a rental property that she owns in Murfreesboro TN, which we were going to use for a downpayment.  We've been in escrow twice now, this second time is looking likely to fall out on Monday.  It's starting to look like we are priced out in our market, as anything that we can afford always seem to come with major flaws.  

We are considering changing direction and buying a rental property out of our Los Angeles market.  I would like to hear some feedback and advice on how we should proceed.   As I said my wife owns a condo in Murfreesboro TN that is valued at $109K.  It is about $200 a month cash flow positive.  She owned the condo outright, but we took a cash out refi for 80% of which we have about $75K remaining.  So like I said we are considering using this money to buy another rental property.  Cities we are considering include, but are not limited to Pittsburg, Philadelphia, Memphis, Atlanta, Milwaukee, and Riverside County, CA.  Any advice on how to proceed?  Keeping in mind that I won't be familiar with any of these areas should I use an agent or let the seller's agent double end it?  What about turn-key rentals?  That seems to be a hot button issue.  If yes on turn key, would like to know specific reputable companies to buy from.  Any other advice appreciated.