All Forum Posts by: Hadar Orkibi

@Brittney Donathan "Our realtor told us that in Little Rock Arkansas unpermitted additions are not a big deal."

That's nonsens and misleading by the realtor! Did you buy the house sight unseen?

Did you check that the house is not on the flood plain, on the FEMA website?

Little Rock has many flood plains and floods, so this is one of the first things to check.

Did you talk to your insurance company?

The next step would be to check with your insurance company and speak to a local Engineer about fixing the foundation. 

@Andrew Robert Kearney I would use a local PM and have a local bank account with Community Bank.

The reason is to build relationships with local community banks so you can grow your portfolio.

If you have your Friend as manager (not recommended, cant scale, and could be a trust issue), then he may need to hold money back for reserves to pay for R&M.

I use Wise all the time. It's fantastic for transferring money overseas, much cheaper.

Pm me if you want more details on any of the above. 

@Gloria Wang, search for Reed Goossens. He is an Ausi based in LA with a great podcast and book about investing in the US.

I'm base in NZ and have been investing in the US for 5 years, but been in RE for nearly 20 years.

They are few moving parts to consider. One of them is how do you want to invest, actively or passively?

If you can't borrow money in the US, then investing passively or doing a JV may be a good start.

First, I would suggest is to get yourself educated. You are at the right place!

Talke to @Rebecca Moore, she is also in Australia looking to invest in the US!.

In AR and the Little Rock area, we do Termite Policy and sometimes Pest service if required for Roached, etc.

I recommend you take on a Termite Policy, and they come to inspect yearly and treat if needed. 

@Scott Wilson Little Rock is a good area where the price to rent ratio makes more sense.

In saying that, as of late, so many investors from the East and West came in, so Cap rates compressed, and returns are lowered.

The CA investors, for example, come and pay 20%-30% more than what a local investor is accustomed to.

This is the sign of the times when money is cheap, Yields are shrinking, and everyone chases Yields.

Until the bubble burst...! 

Hey @Joe S. referral is the only way.

DM me and I will connect you. 

If there is one thing I wish I have done earlier is to find a great mentor. Luckily I pulled the plunge and joined Jake and @Gino Barbaro and the Wheelbarrow Profits community back in 2017. That was a life-changing move!! 

In my experience, there is a limit for how much momentum you can pick by going it alone. 

As one of my good friends J Bird likes to say, you "Pay to Play or Play to Serve" 

Yes, Davie and Jamie Hoffman from the Hoffman Team. Google them.

Hey Team,

I'm looking into improving the showing traffic for lease-up and considering using apps like ShowMojo or Rently.

Does anyone here has any feedback on these options or any other self-showing tools? 

Cheers H

the seller ended up exiting the program prior to the sale, so the restrictions were off the table.

you need to find a specialist in that specific market.