All Forum Posts by: Stacey Paulin

Between 15 minutes to an hour. I like being within driving distance even though I use PM.

Yes. Time to consider looking elsewhere. Start searching in markets that are within driving distance. Start making connections with property managers, realtors, contractors in your target areas, so when you find a potential deal all the players are in place and you can move forward quickly. Don't let your location derail or delay your RE goals.

Good luck!

You have to ask yourself why you invest. Are you investing to make a profit starting TODAY, or are you speculating and buying a liability? You can't become emotional about real estate. The deal either makes money or it doesn't. I would never knowingly enter into a deal that would take money out of my pocket every month.

I think you may need to evaluate why you're investing in the first place.

Congrats to you! The rehab came out beautifully.

Just closed on a HELOC about a month ago. 5.25 interest rate. My mortgage is with one bank, and the HELOC is with a different bank.

Has anyone been able to find any banks in GA that don't require a 6-12 month seasoning period?

Hello Cory and welcome!

I agree with @Ben M. that you may want to try investing at home first before venturing into other markets, just so you can get your feet wet and build confidence.

I would also suggest that before you look for properties out of state, find Property management companies in the states you are interested in first.  Unless you plan to manage yourself, which I would advise against, you will need a strong team to help you manage your investments out of state.  Poor management will lose you money.  Ask around and get referrals from investors investing in the states you listed.  Once you vet a few, then you are ready to begin looking for properties.

@Chris Heeren Thanks for detailing your strategy here, and I really enjoyed your podcast episode!

@William Alamillo Welcome!

I think MLS is the path of least resistance. It's easy to sit at home and get on the computer to see what the market has to offer. But the MLS represents a very small percentage of the market. There are lots of ways to find deals, and I believe there are plenty left to be had. It's just going take more effort. I think those who are willing to dig a bit deeper and work outside of their comfort zone will find the deals.