All Forum Posts by: John Williams

@John Williams Just bought a property in Clarksville, might be 1% or close to it, I'm projecting 0.00919%, so close but no cigar.  I like Clarksville and Nashville, when I was in the capital this year I counted 16 construction cranes in downtown. Davidson is the fastest growing county in the state and 6 of the 7 fastest growing counties are surrounding Davidson/Nashville.  The one fastest growing county not in Middle TN is Knox County at Knoxville

@Alan NA I've been investing in Central PA, which includes the fastest growing county in the state, Cumberland County.  Prices are up here, as well as rents, but rents haven't kept pace with prices.  To find higher returns and lower prices, I'd suggest looking counties more rural, at least 50 miles away from any metro area, beyond commuting distance from any large job center.  Perry County, PA could be one such county with a population of 46,000 and a density of 83.1 per square mile.  There are no hospitals and in 2010, Perry County got its first traffic light.  The eastern part of the county has more population and is commutable to Harrisburg, while the western part is more rural. Prices are lower in counties that have little to no growth.

I'm screening applicants for my rental. Actually I have had two applicants so far with great credit scores but couldn't provide bank statement showing rent payment history. I went by the addresses showing on credit reports and asked them which ones are rentals and the landlords' contacts.  The 1st applicant told me those addresses are either her grandfather or aunt's houses. The last address was a rental but she couldn't give me landlord's contact.  

For the 2nd applicant, her credit score shows 770. She said she paid all rents in cash. When I asked her to provide the bank statement showing the cash withdrawn, she said she keeps cash at home. When I called the landlord (the contact she provided), the landlord was all over the place too. She told me she owns the house but when I told her the county record it's under a LLC. She doesn't know what LLC is.

I'll pass those even their credit scores are great and their income are 3x the rents.  I found out those two factors still couldn't guarantee they pay their rents on time. 

Anyone have the similar experience?

Thanks
NIna

Hi BP,

I have quite a bit of equity sitting in a rental property I own. Gathering different opinions here. What would YOU personally do with about $130k cash to invest in real estate. Just want to hear everybody's thoughts.

Hi BP Fam,

I am Gathering different opinions here. What would YOU personally do with about $100k cash to invest in real estate & in detail please? Just want to hear everybody's investment thoughts. Cash flow, appreciation and long term holds, is my interest, but I would love to hear some great strategies for what can been done with 100k cash, and also locations (states,cities) to invest?

I'm thinking of buying US real estate as an overseas investor. How important is it for me to be able to easily visit my target market? I can get a direct flight to major metropolitan areas, but it would be much more difficult to get to Topeka or North Dakota, for example.

I feel that I'd like to see the market at least once, to get a feel for the area and to meet the local team. The cost of that trip would effectively be included in my purchase price. Once the initial setup is finished, how often do you visit? Do you ever have to take a last-minute trip?

Looking for areas in eastern PA (as close to NJ as possible) where I can find 2-5 unit properties ideally in the $200-400k range, hitting 1% rule and also having good appreciation potential. 

Hi,

I am an accidental landlord, was part of an inheritance. I have a management company. Tenant started around 6 months ago, was paying on time and then they started with being late then went to bouncing a check to not paying.  Found out that everything the way it has played out and the details I have dug up on the tenant this is part of a an elaborate scam and includes a circle of people involved. We have filed for eviction and the tenant has filed a law suit claiming false allegations. They are suing me, the management company and the owner of the management company personally. I believe they expect us to rollover and let our insurance company handle it and just settle. I refuse to do this.  They will just move on keep doing this to others. 

Has this happened to you or anyone you know?  Would really appreciate anyone's insight or experience in this. I am in California.

Hi All

I am looking to buy my first property for rental income. Given this is first investment, I would like to keep it local.

Any suggestions on neighborhood with good rental cash flow in Middlesex county ?

Thank for your help