All Forum Posts by: Jason Carter

I also recommend  @Rob Drum and @Mark Byers. I've worked with both as well and they're great. I can't wait for them to talk me into something that makes money! :) (thanks @Jason Cory)

@Prashant Kamath @David Saget check out @Mark 

@Mark Byers at signalrents.com

I like this strategy @Roderick Smith. I tried to do it on 2 in Centerpoint but couldn't get the seller to complete the deal. They insisted on some cash and then sure enough, they lost the property to foreclosure and now have that on their record. I would've saved them from that. 

If you get any you don't want, please send my way. I'd love to take a look. 

I agree with @James 

@Jim D.  People have been saying the next downturn is around the corner pretty much since right after the last downturn needed. And if you are cash flowing who cares? 

Just don't over leverage and be sure there's room in your numbers in case rents drop a little. 

Congrats @Kelsi Dockins. Did the contractor send you pics of the completed work? I always demand those before I pay anyone anymore. Learned that lesson the hard way from a contractor I had used successfully a few times before too. 

Also, be careful letting the tenants do their own repairs. While it can sound like a great arrangement sometimes giving them free license to do things creates much more expensive problems when they move out. I learned that lesson the hard way too. :) 

@Brandon McLendon I agree with

@Todd Dexheimer. Investing out of state is all about property management. I'd start there. Pick a few cities for the obvious reasons (jobs, population, diverse economy, etc.) and then start calling managers to interview them. Search for them here on BP - each city has threads on recommended property managers. And start reaching out to investors in those cities and ask for recommendations.

You can also search BP to find lists of questions to ask property managers. 

Talk to a bunch and the cream will rise to the top. Also doesn't hurt to pick a city with more than one management option, in case your first choice doesn't work out. 

School districts are huge in LA. I had no idea about it before I had kids. But it's one of the biggest, if not the biggest, reasons people move in LA. Unfortunately, a lot of LAUSD is not that desirable. It's why I moved to Culver City and I know people are always trying to get in here b/c of the schools. And we've definitely seen that affect pricing in a positive way. 

Having said that, I also agree with @Nina Grayson. I think Inglewood and View Park are probably going to do very well. 

Sounds like you've found some good options. 

I've done business with MartelTurnkey. I'm a private lender to them. (But my money is spoken for so no need for anyone to hit me up.)  

Antoine is top notch. That's why I invest with him. I've bought turnkey in the past, not from him, but I've been investing out of state for over 12 years. He's one of the best I've seen. I've walked his rehabs and witnessed his process with his customers. 

In my experience his houses rent relatively quick b/c they look great and they are at or below market prices. His values are also spot on. He has told me if an appraisal comes in low he just  adjusts his numbers accordingly. But you may want to ask him about that.

Overall I've been impressed with his operation. But good luck with whatever direction you go. And just LMK if you have any other questions. 

I'm selling one that showed up online exactly like this. Buyer said the line goes right through the neighbor's house, which it did online. So I agreed to get a survey. Surveyor said it happens all the time. Said the lines on the computer don't match the lines in the real world, just a computer error. We got the survey and sure enough the line does not run through the neighbor's house. Everything was fine. 

@Melissa Nash how is Huntsville for flipping? I was thinking of looking at that there.