All Forum Posts by: Elenis Camargo

@Ron Singh Good question. Florida doesn't have state taxes so we do not pay double taxes right now. I believe Texas does not have state taxes either. There are only a few states with this perk. Worth looking into! Maybe posting on BP to get insight from other investors in those states.

@Stacee Evans Thank you! I am glad this was helpful. I have definitely made very valuable connections on BP!

@Edward Porter Thank you SO much for your kind words!! I am so happy that it helped you that much. I am sure that you can get started on your dream and be successful!! Just dive in and do whatever it takes to get that first deal done. Once you do the first one, it gets A LOT easier from there. A lot of people liked this blog I wrote a year ago and it was featured on BP so maybe you'll enjoy it as well :) https://www.biggerpockets.com/... Keep my posted on your journey!

@Tasha McCray Thank you for reading and commenting! Fellow Floridian  :)

@Nick Peters Thanks so much!

@Nickolaus Cabcabin Loved David Green's book on long distance investing! Highly recommend it but I did read that one and Brandon Turner's book on managing rental properties AFTER buying our first rental. We listened to a lot of podcasts and read a lot of forums/blogs on BiggerPockets. That's how we prepared. We saved about 25k before investing in the first deal. 

@Caleb Brown Agreed! And yes, love OOS investing  :)

@Myeasha Jones Thanks so much! I am sure you will be successful as well!!

My agent knew the owners of the off market property so he was already in contact with them. After that it is the same as any other deal as far as communication and placing the offer. They ended up listing the property right after my investor made an offer so it ended up being on the MLS but we all moved so quickly that we got the offer accepted the day after it was listed.

@Ron Singh Thank you! Sure, I'd be happy to answer that. Since I am out of state, I use a property manager to list the property for me and find me a tenant. Once they do that, I take over and manage the property myself. I wrote a blog about managing long distance, here it is if you are interested: https://www.biggerpockets.com/...

Now on the tenant that abandoned the property, I also wrote about that one. It was my first blog and an interesting story: https://www.biggerpockets.com/...

My contractor is easy to work with but yes I have heard many horror stories about contractors. Once you find a good one, it is a life saver and I was lucky enough to find one right off the bat here in BiggerPockets. You still should be very involved even if you have a great contractor. I always make sure to send them a list of what I want and also make it clear that since they are my eyes on the ground, they need to point out anything else that needs done. We communicate with a lot of pictures throughout the process and they also send pictures of the work once they are done. There are always issues that come up along the way and the key there is also communication. You'll quickly know if you have a great contractor or a bad one. Hope this help!

@Torend Ebner 100% agree!!!