All Forum Posts by: Josh VanVoorhis

@Keeli Green I'm actually familiar with your company since I work at AppFolio -- I'll reach out to connect so we can chat more in depth!

@John Britt I'm likely looking for something more turnkey. I don't have a ton of knowledge yet when it comes to rehabs so that could be a challenge to manage from a distance. Open to connecting anytime! 

Thanks for the feedback here @David Nacco -- I'm open to looking at the Chattanooga area as a whole (including North Georgia). 

About to acquire my first few rental properties & have narrowed in on the Chattanooga area. Being out of state, I'm looking to get a better feel for the area & focus on areas that have solid cashflow (after taking into account property management, cap ex, etc.). 

(My criteria consists of SFR houses between 200-300k)

Hoping for some recommendations on specific areas/Zip codes to potentially find a cashflowing deal, while still staying in a neighborhood that has lower crime + good schools. 

Any recommendations on where to narrow down the search?

Looking for some guidance on purchasing my 1st out of state rental property: 

-125k+ to invest 

-Looking for SFR or small MFR (2-3 units)

-Buy & Hold strategy 

-Living in CA (preference to invest in a close-by state) 

Currently re-reading David Greene's book on Long Distance REI & feel like I'm getting analysis paralysis.

In terms of location -- how do I start narrowing down the search to 2-3 cities? 

Hey there! If turn that my primary home into a full rental and receive $3,000 per month... am I able to claim (75%) of that rental income when the lease is signed? Do I have to wait a set time and/or wait for taxes to be filed?

Trying to lower my DTI so I can purchase another property...

Any suggestions?

If I were to rent the place out for $3,000 per month, how soon could I include (75%) of that rental income towards my DTI? Is it at the time a lease is signed, or only after a set duration of time?

Hey there -- I live in California and my current mortgage is $3700 per month. I earn roughly 100-120k per year. I have about 200k saved in reserves and want to buy my first rental property (ideally out of state) but am worried I wont get funding since my DTI is so high due to my primary home...

Any suggestions?

@Nicole Heasley Beitenman -- I purchased it in October of 2018 

Another option could be to rent it out (estimated rent 3,000-3,200 per month)