All Forum Posts by: John Hilyard

@Philip McCleary Okay yeah. I will look them up. Thank you!

@Caleb Jordan Im not sure honestly. I was thinking perhaps I could use my local bank to give me a fix up loan through my LLC that I could use to purchase out of state property, thus buying myself time to find a bank in that city to get a 15 yr loan with shortly after.

@Philip McCleary I have 4 rentals here in northern Oklahoma, but market hasnt had as many homes on it as Id hoped up till now. I have family in Georgia and lived in Atlanta for a number of years. Id like to invest in coastal region near Savannah or Brunswick so I can write off a vacation/business travel to do deals a couple times a year there is the idea.

@Anne Coleman Ive used rentalhistoryreports.com as my primary screening source and tell potential renters its $20, or whatever fee is currently, and that they pay, but if they become renters it comes off first months rent. If they balk at this, its almost always a sure sign they arent legit and it saves you ton of hassle. Real renters will be real and say sure just send me the link. Secondly, I more or less stalk their Facebook to see if they are wild or weird or what. Those two methods, rentalhistoryreports and facebook, been easy and effective.

@Caleb Jordan Thanks Caleb. Thats solid advice on forums!

@Philip McCleary Thanks Philip. That makes sense. My challenge has been getting approved in the areas I want to buy a rental out of state in Georgia living in Oklahoma. Local banks in Georgia havent seemed keen on leveraging my equity in Oklahoma properties as collateral for ones in their market.

@Garrett Ayers What time is the group meeting?

Im at the point where Id like to begin investing in rental houses out of state, nearly half way across country in Georgia. Im seeking a hard money lender partner to facilitate the financial needs for that purpose. Does anybody know of a reputable company or private lender who might work well? Thank you.