All Forum Posts by: Kim Rose

Thanks @Joe Schmitt! We are not set on it needing to be a vacation rental. We just thought it may be covenient and with all the halted evictions in various states, LTRs are something I was a little nervous about. Have you found Duluth to be a good area for LTRs? How has your appreciation been? 

Thanks for all the advice

We are considering buying a vacation rental on the lake (focusing on Grand Marais but anywhere down to Duluth) that will become our primary residence in the next 10 years when we retire. We don't own any rentals let alone an out of state rental (we are located in Colorado). Does anyone have any advice on this area for vacation rentals for absentee landlords or where we might start? I have done a little bit of airdna research and see that 67% vacancy seems to be the average. Thanks!

Does anyone have recommendations on zipcodes in Huntsville? Any property managers in the area? 

Has anyone here purchased land destroyed by wildfires? If so, what is your strategy and has it been succesful?

Where do you suggest starting with financing? Any bank?

How do you get started once you've narrowed down your market? I'm an out of state, first time investor. I am experienced in owning businesses--but have never branched out into real estate. Do you visit the area first to meet with realtors? How do you get started with building a team from out of state? I am interested in the B neighborhoods outside of Cleveland (i.e. S. Euclid).

Would anyone be able to provide some recent insight into Salisbury? 

I have been a listener of the podcast for years, but haven't jumped into real estate yet. I live in Colorado where it is hard to find deals and am interested in out of state rentals. I have no real estate or rehab experience and would be looking at buy and hold rental properties (single family or duplex). Where do you even begin with learning about your market? How do you even narrow down a market to focus on?   I am interested in a few--but they are all places I have never been and have no experience with. Do you travel to these areas first? How do you go about finding people on the ground to give you sound advice? I don't know how so many people are making all of these out of state deals work for them without any real intimate knowledge of the area themselves. 

Gary,

Do you have a residential properties or condos?