All Forum Posts by: Luis Malvar

my PM is also in Florida so he can't

Hi everyone,

I just bought one duplex in Youngstown, Ohio. less than one month after I was told the tenant didn't pay the last month to the previous PM and of course didn't pay my first month, my new PM gave him the 3 days notice and we tried to negotiate with him to leave the unit and forget about the amount owed but I guess he doesn't care. Next step is eviction, for that I need a lawyer that does eviction but I don't have one

if anyone can share a lawyer's contact with would be great!!

thanks

Quote from @Alexander Blake Summers:

Hello!

I currently live in Boardman, just a few blocks south of Youngstown City. I also have a method of analyzing locations to find out how in-demand properties are there compared to surrounding areas. That being said:

Most if the points above are correct, both good and bad. Youngstown as a metro region is still on the decline. The strong industries that built the region are not coming back, at least not soon, leading to way too much housing compared to the amount of people wanting to live here. 
However, while there are too many housing units and the population will likely continue to decline, there are still desirable neighborhoods that even as populations decline, will have the highest demand for housing due to infrastructure and amenities. This allows you to buy into a great neighborhood at a substantial discount, as the stigma of Youngstown will force a discount on all properties in it. In other words, you will get one if the best bangs for your buck here, provided you pick the right spots. Good neighborhoods within the city are harder to find than in the rurual areas or suburbs do to the urban flight still continuing. 

Heres a map of the county (sorry if its a bit hard to decipher.) As you can see, because the city is on the decline, the more Urban the area the less likely it is to hold its value, as they are demolishing many more houses than they are building. 

Heres a more detailed map of the the top right of the county on a magnified level. Blue, Green, Yellow, Orange, and Red are A, B, C, D, and F, respectively. 

 its difficult to understand that map, do you know the best and worst zip codes on the city?

Why not Youngstown? if you don't mind sharing some info

@Alfath Ahmed

That would be great, thanks

@Bob Stevens please do, thanks

Hi, I am a new out of town investor in Warren Ohio. About to close on 2 duplexes in 1 month. I am in need of a property manager, please reach out to me or send me a local property manager’s contact. Thanks

hi there, I have kin insurance and everything was going good until I bought another house so my primary residence became a rental house, I tried to get kin insurance on my new house and when I was talking to them I told them that and they said that my wind mitigation wasn't working to rewrite a new policy and they advice was to cancel the policy and get one from another company. I really don't understand that kind of stupidity  but I can't do anything at this point. my question is, what insurance company you guys use for rental houses in Orlando Florida.

thanks

@Christian Weber

Maybe if you buy using a conventional loan the 100 miles rule doesn’t apply

Please someone correct me if I am wrong.... To my understanding you can't rent your primary home with a FHA loan in the first fiscal year of buying, after that you can house hack with leases( in order to be able to depreciate that part of the house) and have more income so you can buy another house but it has to be 50 miles away or more from your home if you want to do another FHA loan, if you use conventional loan it doesn't matter the distance... right?