All Forum Posts by: Ryan Craig

Depending on where in SE PA I use Bold Property Management. I know they don't cover everywhere in the area but there are other options if you let me know towns. 

South East Pennsylvania, greater Nashville area and just started into the Huntsville Market. 

Wholesalers tend to be a good resource in the areas I buy when I can't find any workable properties on the MLS.

Have you tried looking for more cosmetic flips(minor repairs, upgrades and paints) that will qualify for traditional financing while working towards the more intricate flips?

Hey Andres - At least in the states I do business in a Sellers Disclosure is only required on resale properties where the seller is expected to have intimate knowledge of known material defects, i.e. has lived or is living in the home. 

Common exceptions include sales or transfers between co-owners, new construction, purchases from lenders after foreclosure, auction sales, or if the Seller has not lived in the home within the 3 years before the Closing. A quick Google search shows me Texas New Construction is exempt if "As a new residence of not more than one dwelling unit which has not previously been occupied for residential purposes".

I would verify this information with your state or real estate agent though. 

@Alex Leafe  My recommendation is to hire a local property manager to handle this for you so you avoid any potential risks. The wording you can use in advertisements will depend on your area and any local laws that may be more strict then federal laws. Using phrases like ADA compliant, wheelchair accessible etc. is usually fine.  For more clarification read this article. 

As far as rental assistance this  depends upon the individual, I have handicapped tenants on assistance and I've had them not on assistance. 

Anytime I am selling a personal investment property that is a single family home I target owner occupants. Investors are looking for a deal and will negotiate to get themselves a deal. Owner Occupants purchase more emotionally and pay fair market prices for there primary residence. Even with Realtor fees you'll generally come out ahead going this route. 

@Sean Comp What Michael said is pretty spot on. I'm assuming you mean walkthrough before you have the home under contract? In which case, taking photos of all the major items is key, you should have your Realtor with you, if they are investor friendly or invest themselves this is always better as they can help with estimating or making recommendations. I generally don't bring my contractor with me until I have a home under contract but BP has many calculators and I recommend reading the latest version of Estimating Rehab Costs to get a good idea on how to get a relatively close estimate. 

What Nathan said is spot on. If I were in your shoes at your age I would buy a small MF, live in one unit (rent out the extra rooms) and rent the other unit(s) to cover the mortgage and expenses. You'll see this referred to as "house hacking" and is one of the best ways to get into real estate investing as a newbie with limited capital. Since it will be owner occupied and depending on your income and credit you may qualify for low money down options. First thing is to speak with a lender, then find an agent who understands what you are looking for. 

Hey @Greg Lewicki it really depends on what type of Real Estate investing you want to get into. Do you have that narrowed down?