All Forum Posts by: Justin H.

@Adam Widdicombe "The President just announced that FoxConn will build a huge plant just south of Milwaukee."

Worth noting that FoxConn has made announcements many times before about building giant plants in the US and, to my knowledge, none have ever come to fruition.

I haven't really seen anyone talking about how you fill your SS properties with tenants. Seems like you're basically running a business at that point, albeit a fairly simple one. Is filling the property that easy?

I'm considering using an FHA loan to buy a 3-4 unit property. I have a pretty demanding job and I'm not really interested in being a landlord. Is it crazy to hire a PM in this situation? Anyone have experience with this?

On the one hand it seems kind of silly since I'm literally on-site 24/7. On the other hand, being the PM to my neighbors seems potentially much more annoying than being a PM tenants 50 miles away.

I've read repeatedly that it takes a lot of searching to find a great deal, or even a workable deal. If that's the case, who is buying all these other properties?

I know there are plenty of bad/failing landlords, but by definition they're going to be in the game for less time and own a lot less property than successful owners, so I don't see how they could make up a majority of deals.

Is it simply that the industry is lucrative enough that even people making bad deals can still stay afloat? Is the recent surge in housing prices over the last couple of decades contributing to this?

 How does one go about determining which markets are generally stable/flat appreciation and which have bigger swings? Looking at Case-Schiller? Are there other resources?

I've read a lot about the importance of cash flow to keep you afloat, and how to buy property with as little money down as possible. A lot of this seems to be targeted at people who have minimal money or income to start with.

My savings are pretty modest for my age (~$50K in my mid-30s), but I have a pretty good job and live frugally leaving me with ~$3,000-$4,000 added to my savings each month.

I assume this gives me an opportunity to scale up faster (once I know what I'm doing), but are there specific strategies I should be looking for to best turn my situation into more money in my pocket? Or are the rules pretty much the same?

I'm brand new to this looking to buy a first property. My question is, how do you go about estimating expenses to bring a house up to standard when you have no expertise? I have no construction experience. I've never worked with a contractor. Etc, etc.

I watched the Bigger Pockets webinar yesterday and he talked about analyzing dozens of deals in your area before making a purchase. Some of these properties are presumably almost totally ready to go (but again, how am I qualified to know that?), but for the others that need a non-zero amount of work, how can I even begin to analyze it before I see the property and get a reliable estimate of how much investment it needs?