All Forum Posts by: Joshua Haynes

Midwest

I have 0 experience in investing in general so don't believe everything I say. I have just been studying for 2 years (waiting to turn 18).

If I were to long-distance invest I would probably try to find someone to partner with who lives in that area. You could also find a good RE agent in the area you are interested in and ask them for help. They will know a ton more about the location than you will so I recommend having multiple agents to rely on to get the most info.

One of the key components of Long Distance is you have to have good communication and systems in place so that everything runs smoothly when you're not around. Finding a Great partner or Property management company would be one of the best things you could do for a Long-Distance Investment. Even in normal Close Distance investing I would recommend doing this. Having these systems and people in place would help you make money from Thousands of miles away stress-free and have the possibility of making a lot more with your money (or a lot less stress).

Do your research into Long-Distance RE (in my opinion, CA is a low ROI state with Super high initial investment). Anyways I hoped this helped you in some way :D

I believe that Biggerpockets has a calculator for that

I would do 2 but after the repairs are done, I would refinance as if it were a BRRRR.

1. I believe both can be sold as a package or if both are on the same land piece, then yes

2. It depends on if they are 2 properties in different locations. It also depends on if its more than 4+ units

3. As a buyer, I 100% recommend working with an agent as it will cost you nothing since the seller typically pays the commission.

Hope this helps

As a buyer, I 100% recommend working with an agent as it will cost you nothing since the seller typically pays the commission. But It depends on your situation. What if the seller doesn't want to pay commision fees. You could always as a RE attorney for professional help.

Not too sure if your numbers are right. I would also like to know the type of financing you have. 

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