All Forum Posts by: Kenny Smith

@Nickolas Chapman

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Abel Casillas

You could look at creative financing such as doing seller financing for the downpayment amount.  Have you looked into this?

Best of luck!

@Zane Muckey

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Amanda Wheeler

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Ethan Kudrna

Agree with everyone else, we'd have no idea if this is a good idea or not without knowing what the numbers are? Before you do anything, you need to figure out what you're strategy is, LTR, MTR, STR? What are the HOA's rental requirements, length of stay, etc? What part of town is it in? If you're doing an STR, are you in a desirable travel destination? MTR, are you near hospitals?

Best of luck!

 @Veronica Woods 

Unless their covenants and bylaws are completely flawed, that is not how the HOA is ran. Whoever doesn't pay their dues or assessments, the HOA places a lien on the property and could eventual foreclose on your property to get their money. Also, to further protect yourself from large assessments, a condo owner can get what is called an HO6 or loss assessment coverage through their individual insurance carrier. I do agree the board of directors has huge power within the community though and can affect how it is maintained. It is important to look at the HOA's reserve funds, and look at their meeting minutes to discuss upcoming repairs, etc, and how they tend to upkeep the community.

@Gurjot Grewal

I am not sure how your contracts are written, but here in my US state of Colorado, the buyer has an option to select "specific performance" or not.  I've never had my buyer check this box, because it leaves you susceptible to getting sued for not performing.  Do you not have that option where you are located?

Also, I always HIGHLY advise my clients to NEVER buy a property without an inspection.  I guess if you don't mind losing your earnest money, go for it.  However, in this market, this time of year, there should be no reason why the seller would not allow this.  Unless it is a smoking deal and they have other offers/high interest, I would push back.  And to Taylor's point, it's already fallen out twice from inspection..there are multiple red flags here...

Best of luck!

@Rasheed Ward

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Dainen VanGorkom

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good Luck,

Kenny

@Anna Delos Santos

Check out evolve management.  I believe they do management throughout the country and have heard good things.  I have never used them before though.

Best of luck!