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All Forum Posts by: Miles Presha

Miles Presha has started 18 posts and replied 90 times.

Post: Best cities for medium/high end 4-plexes

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

I'd like to know if you ever found what you were looking for.  I live in L.A.  and want to invest as well.  I hear good things about the midwest and South.  thoughts?

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

@Charles A. Thanks for chiming in.  I've heard great things about Cleveland and Ohio and general.  Would love to connect and hear how you did it, and who your awesome PM is.  I agree about the influence some bloggers have.  Hard to ignore some, but at the end of the day I like to go where the numbers work, and sometimes you gotta go outside the box.  Continued success bro....

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

@Caleb Heimsoth yes that message was for you.  Do you self manage? How often do you go check on the properties...if at all?

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

Thanks for the tip.  where are your properties ?  What's your experience been like managing them?  Own any long distance?

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

I'd like that.  I'm open to both of those categories, so I'd love to pick your brain.  Thx for the message...

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

Please do!

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

Thx, Lane.  I have your podcast cued up as well.  I've looked into all those markets - any advice as far a first purchase?  Just nervous about mgmt I guess.  I know I can't be 100% passive, but I'd like to find a perfect match between good unit count, cashflow, and Out of state ownership.  Maybe I should jump in and gain from experience.  Worked pretty good that way w mobile homes.

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

I'll look into it.  Is that what you do - even from Tx?  How's it working out for you?

Post: Choosing a Long Distance Market

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

So....I'm gonna pull the trigger as soon as the HELOC will allow. Walking into a lot of equity from a sweet fixer deal in which I now live. I am binging on podcasts and books and getting educated.

I have a history as a mobile home investor having acquired 5 properties in the last year or so.  All have gone well, but I want to step it up to more of a multifamily thing.  I live in L.A. - so yoiu can see why I chose not to invest here.  With sop many good multifamily deals - apts. and Mobile home parks, I don't really know how to choose a market to focus on.  There are many.  Should I stay as close to Cali as possible?

In considering apartments, I would consider a 12 unit or smaller.  For MHP - 30 plus units, as it's slightly a different monster.  Question is - where to go? What do you guys think?

Post: New Construction - Modular Homes??

Miles PreshaPosted
  • Investor
  • Los Angeles, CA
  • Posts 90
  • Votes 27

@Michael S. I've looked at some land out in the inland empire with utility hookups that was pretty cheap.  Thought about putting some units out there, *** I've success out there with mobile home investing. Is this what people do in the modular world?  Find good land in a good location, and set up shop?  I know there are tons of fees and permits to consider, but - in your opinion does this sound like a good concept?