All Forum Posts by: Jason Huber

Thank you all for rhe feedback. I am trying to get pictures sent to me by the Realtor but they seem to be taking thier time. Not sure if that is a bad sign or they just don't operate at California speed. LoL. I will most definitely be hiring an inspection and wil arrange for travel if I can make it happen. Definitely worth the money and who knw I can use the time to land another deal or two. Thanks

Question on OOS investing sttategy and doing your due diligence.... Background: I am based in California and have been doing P/T REI for about 6 years. I have 4 buy and hold SFR and 1 vacation rental. In this time I have done 2 successful flips. With this strategy I have grown my equity around 500k. With the California market the way it is I am planning to sell two of my rentals that are equity heavy and cash flow light and buy OOS in search of better cash flow. Question: I am quite interested in a property that I have found for $175k that has 7 units and generates approx 3200 / month in stable rents. I plan on putting as little down as possible ( no history with commercial loans) and financing the rest. The agent has sent me the last three years balance sheets showing me rent collected , maintenance, taxes, utilities ect. and disclosures. The biggest issue I have is that there are no pictures to go on besides the 1 that is in the listing. How do you OOS investors go about doing your Homework on the overall condition of a property? Do you request video? Hire a PM company to walk through? Pay for a 3rd party inspection? I would love to hear any and all advice about my decision to change my strategy as well as to solve my OOS investing roadblock. Thanks

Mike, You might look at the Temecula Wine country. Its the only area that I can think of that has not all ready been mentioned. Secondly, I have a vacation rental in Big Bear and I am currently shopping Property Management companies since the one I have been using does not seem to help me much. Was wondering if you are taking on new clients and if you would be interested in analyzing my cabin's history to see if my expectations are too high? Let me know.