All Forum Posts by: Joe DeSimpliciis

Hello All,

I've been thinking about investing in a short term rental. Some place that I can reasonably visit myself if need be on a weekend. I live in the Bay Area and have been focusing on regions outside Yosemite national park to do my research. Mariposa and Oakhurst areas specifically seem like they could be promising if the right deal is found.

I'm wondering if anyone here has experience with short term rentals in this area. If so I'd love to hear about your experience and what you like/dislike about the area.

I'd also like to know if you have any agents you've worked with that I could reach out to. I'd love to get a referral that you trust.

Looking forward to hearing your stories!

Hello all.

I recently purchased and fixed up a SFH in Independence (64055 zip, South of 78, just west of 291). It's a 3bd/1ba, been listed for a few weeks now, some activity on the listings but not many applications yet. I'm wondering if anyone here has any insight into certain factors that can increase appeal on listings for this region. It's currently listed below $1000/mo. For people with more experience on the psychographics of the area, I'm wondering if theres specific things you'd suggest calling out in listings/showing in photos, and maybe other things that wouldn't be worth mentioning. I believe for the local market the price is very reasonable and the location is in a good place. Part of me is thinking the time of year could be impacting the activity as well but I'd like to get some others' opinions.

Thanks!

I'm currently looking for some contractors in the Kansas City MO area. I was wondering if anyone has experience finding contractors off Houzz and if they can speak to the reviews/rating being reliable and accurate. I assume the highly rated contractors on there would come at a premium and if so do you think they tend to be worth it?

I'm curious what out of state investors do when managing renovation projects from afar. I've heard some property managers will oversee rehabs directly, others may have a trustworthy contractor that can manage the project on their own and maintains consistent communication. How have you approached this in the past?

I'm curious not only about what worked but what didn't? For example has anyone had PMs fail to keep up their end resulting in an unsupervised or infrequently checked on project?

Any other hard lessons learned from past OOS rehab projects? How have you gone about finding the best person for the job?

Hello all, I'm a newbie out of state investor planning to make my first investment this year in KCMO. 

I'm originally from the NYC area, now living in CA, both very expensive areas that are a bit difficult to break into for someone like myself. After researching a few areas and hearing some great things I've decided to focus on KCMO. I've spoken with a few agents and PMs already and am working on narrowing down some specific neighborhoods to give my full attention. I'm also looking to start chatting with contractors so I'm happy to take some referrals!

With this post I'm mostly looking to meet some others who are eager to discuss some of their experiences and knowledge of the area and investing in general. If anyone wants to chat feel free to reply or DM me, I look forward to hearing what you have to say! 

By NY area do you mean around NYC or more upstate?

Hello BP! I'm new here and have a goal of making my first real estate investment by the end of 2020! Given the market in my area (SF Bay Area) I'm mostly looking at investing out of state. 

I work a full time job and was wondering if anyone could share their experience when initially investigating out of state locations/looking at specific properties. Manly in terms of the time management and flying out to the prospective cities.

For example...

How often did you travel to explore prospective neighborhoods?

How did you manage the budget for these trips?

How long do you stay for each trip? Does your job give the affordance to work remotely while on the trip?

Do you try/are you able to group multiple property showings together for a single trip?

etc..

I'm mainly looking to get an idea if the initial lifestyle impact I should expect when diving into out of state investing. I have David Greene's Long-Distance Real Estate Investing book on my reading list as well, but I want to hear what others have to say about their own experiences.