All Forum Posts by: John Haveman

Sorry, I do not. Feel free to contact me with questions about properties you find. Even though I don't live in those areas, I can quickly analyze the surrounding neighborhood.

Thanks Brian, I appreciate it, and I'll definitely take you up on your offer!

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Originally posted by @Brian Ploszay:

I find that turn key providers often are selling investments that are mediocre. Cheap houses in areas that will not have growth.

I like Houston and Atlanta on your list.

Thanks Brian

Do you have any providers you can point me to, in the Houston & Atlanta area?

Appreciated

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Originally posted by @Dave Ramirez:

My cities are all one with high densities of duplexes and multi-families.
These cash flow and the vacancy rate is the same in the pro-forma but in reality I never have to worry about paying the full mortgage note without tenant payments to assist.

Hi Dave

In which markets are you currently in, and why?

Thanks!

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Originally posted by @Tom Ott:

If you are looking for markets where you can get a decent ROI you should use the link below. There are a few markets that you can get a decent return for your Turnkey and you want to make sure you know which ones work best! Good luck!

The Best Types of Markets for Profitable Turnkey Properties

Thanks Tom! Cleveland looks interesting as well - I'll look at your website for more info.

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Originally posted by @Christopher Cousin:

@John Haveman The key question that you need to ask yourself is who do you want to serve? Within each of those cities that you listed (and every city for that matter) there are distinct sub markets that have unique characteristics, so understanding who you want to serve will help you determine the BEST location for your investments. For example, you mention single family homes, but does that mean low income housing or single family homes in areas with great school districts? Understanding who you truly want to serve can provide the insight to help you assemble the team that is necessary for manage the property you choose.

Feel free to reach out if you have any additional questions. Best of luck in your investing.

Thanks Christopher

I appreciate the advice - I do need to be more specific with a view to getting the team together. I would focus on single family homes, as you say, "in areas with great school districts."

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Hi guys

I am a foreigner, with cash, looking to invest in single-family buy-to-hold properties.

Big question is: WHERE?

After spending a while on research (forums and podcasts!) I am considering diversifying into 3 large cities (to reduce risk) and acquire 3-4 properties in each, using a reputable provider in each city, with a view to expanding the number of properties in each city later.

My list is currently as follows:

1. Houston TX

2. Atlanta GA

3. Birmingham AL

There is sufficient cash to be able to put down the deposits, and financing the balance doesn't seem to be an issue.

Income is really important. Capital growth would be nice.

What does the BP community think?

John

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Originally posted by @Patrick Connell:

In Texas, we have Serial LLC's.

My rentals are held in a Serial LLC, with each property having its own Series. Essentially, all it takes for me to create another LLC is to fill out a one page piece of paper and give it to the bank and title company.

So, each property is in its own Serial LLC and insulated from all the others for liability sake.

I also utilize just one set of accounts, one accounts receivable checking, one repair account, one tax/insurance account, one advertising account, and one vacancy account. All rents go in and get distributed as necessary.

I can't imagine having 5 accounts for each property, that would be insane.

Hi Patrick

May I ask which bank you use for your Texas Serial LLC's?

I'm banging my head against Wells Fargo and Chase.

Thanks

John

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All Forum Posts by: John Haveman

John Haveman has started 4 posts and replied 17 times.

Post: Choosing cities to start investing

Post: Choosing cities to start investing

Post: Choosing cities to start investing

Post: Choosing cities to start investing

Post: Choosing cities to start investing

Post: Choosing cities to start investing

Post: LLCs and bank accounts