All Forum Posts by: Kyle Keller

@Thomas Martinez

I recommend working on a bit of your own knowledge first, it will lead you to be able to ask much better questions of someone who is willing to spend their valuable time helping you. Read some books on out of state investing, and just investing in general. A book I really enjoyed and thought it had a great chapter about building good relationships is Who Not How by Dan Sullivan. Once you start doing things on your own, the people will come.

Good luck

@Becky Kaapuni

I typed "property manager near me" into the Google machine and went to the one with the most reviews. They charged me 8%, all the rest that I called offered 10%, I've never heard of 25% except with short term rental... How did you find this 25% manager?

@Marie B Barde

Obligatory - are you working with an agent?

Moving on... You are correct, condos have not seen the same appreciation that sfrs have seen, though they have seen some... Big questions would be - what is he doing with the money he's saving from renting vs buying? How long would he plan to hold to condo for?

DM me if you are interested in discussing further.

@Collin Lee Johnson

I've used list source, it worked well for what I needed it for. You can also use a local title company for foreclosures, but probably will have to pay a small fee for it.

@Austin Bright

Do what you feel comfortable with financially, keep trying to better your systems, and keep in mind that you create your own luck. There's not really a regular timeline, but if you keep at it something will come, just try to figure out what 20% is creating the 80% and somewhere along the way business will pick up... And once it does, keep the ball rolling, don't stop.

@Matthew Moore

I like Brandon Turners books about real estate investing a lot, they break down the concepts well and help walk you through how to use them.

@Jesse Collins

Read books, listen to podcasts, and take what you learn and start doing stuff on a regular basis.

@Cortney Bond

Yes - VA, USDA, conventional with less down... All of these options require for YOUR INTENT to be to live there for a full year. Why can't you spend 6 more months there if it makes the deal work? I would just suffer now and enjoy it on the back end, if I were you...

@Miguel Bautista

Do you have a contract for them to sign, has it been reviews by a lawyer? This is the most important step. Then you will need to put a cloud on title by having the seller sign an affidavit and filing it in the public records so they can't sell it to anyone but you.

It may help to use a RE lawyer for the entire process. If you don't want to go that route you could talk to a title company - which you will need to use anyway - to help you through the steps.

You will need inspectors as well.

DM me for more if you have specific questions about any of that.

@Ryan O.

Not a tax expert, but from what I understand you can do this one of two ways. You can record all costs of driving including gas, oil change, wear, mileage, etc and deduct each one individually or you can record your business trip mileage and deduct the mileage at a certain rate to cover all expenses of a car per mile.