All Forum Posts by: Eric Inigo

@Keyonte Summers   Thanks so much for sharing! I sent you a PM. 

Hey Group! I am a newbie investor from out of state that just recently closed on my very first rental property in Warren. There's a number of list items from the inspection that need repair and possibly including a kitchen remodel. So far, I have a quote from my realtor and property manager 's recommended general contractor and would like to get another quote or two before deciding who to go with. 

That said, would any of you be open to sharing any recommended, trustworthy general contractors that service that area? Ideally, one who is experienced with out of state investors, but more importantly one who does quality work and is communicative throughout the entire process. 

Thanks in advance!

Hello BPers. New investor that is closing on my very first rental property soon with a property manager in place since the property is out of my home state. I plan to open a new checking and savings account for this property and will be separate from my personal accounts. That said, is there a difference opening these accounts with a credit union or a national bank? Pros? Cons? Thanks!

Thanks Matt and appreciate the pros/cons you listed! I'm looking to cash flow and eventually refinance and buy into another property. On a side note, with all of the valuation methods out there (1% rules, COC, CAP rate, etc.) when analyzing a deal, which ones are the essential/dealbreakers for you?

Hello BPers! I am a new real estate investor looking to buy my first rental property in 2021. Based on your experience, what are your thoughts and experiences on buying a SFH or a duplex as a first rental property? Thanks in advance!

Hello BPers!I am new to real estate investing and looking to buy my first rental property in 2021. With a lot of numbers to look at and filtering through when analyzing a deal I've felt overwhelmed at times. That said....

What numbers or valuation methods are critical for you when analyzing a property and determining if it's worth putting an offer on? COC, 1% Rule, CAP Rate, etc.?

Thanks in advance and appreciate your time!

As a first time investor considering buying out of state combined with the various issues with Biden and real estate investors, COVID, and unemployment, etc. Thoughts on proceeding still or wait and see how things shake out once? Thanks in advance!

Hello Everyone,

New to BP and real estate investing. Wondering if anyone has had any experience with https://livehomeroom.com ? If so, what was your experience like?  They bring co-living to the Midwest and currently focused on Dallas, Austin, and Kansas City. They find homes, sell it to the investors, set up a lease with them with a set cash flow, and then lease rooms on behalf of their investors (100% turnkey during the lease, and free property management. Of course, repairs would come out of my pocket. It's an interesting model and considering it. Would love to hear your thoughts and experience, if any, with them. Thanks in advance!

Hello Everyone. Literally just signed up to BP a few moments ago. I am a newbie investor from San Diego thinking about buying my first rental property out of state in Atlanta, Alabama, Austin, Pennsylvania, and/or Detroit using a turnkey company. Are there any resources or recommendations that you can guide me towards? Thanks in advance and looking forward to increase my intelligence and wealth with the help of all of your knowledge and experience as I start this journey. :)