All Forum Posts by: Nate Waters

@Justin Holwell I am an out of state investor that is investing in NoCo. I am bullish on the I25 corridor in general and I think there are opportunities right in your backyard...they are just difficult to find. The cash flow may not be as good as places like Indy and Memphis but as Denver grows and spreads out, the property on the outskirts of the city will be more valuable and easier to sell in the future...in my opinion. Yes, I am speculating here but I have seen it first hand in Southern California. IMHO population and job growth in and around Denver will not stop anytime soon, especially if Amazon build their 2nd HQ anywhere in the area.

@Kim Meredith Hampton I'm learning you are right about building the team. I have experience managing properties local to me but this is my first attempt at remote investing. Thanks for your reply.

Yeah - I know it is a minor issue and you are right - I would rather know about it and fix it than not hear from them at all! Thanks.

Hello all!

Background: I live in Orange County, CA and I just purchased 2 SFRs in Colorado. This is my first attempt at remote investing. Both homes are new construction and I am attempting to manage the properties myself. I know, I know...I'm asking for trouble, but, here is my logic: The houses are under a full warranty for the first year, so, if I need any repairs done, they will cover it. After the first year, I plan to see how it goes then decide whether or not to hire a property manager. I also have a couple friends in the area that could help me out if need be - but I would rather not ask them for favors if I can help it.

The first crack in my logic: One of my tenants let me know that the sprinklers turn on 3 times a day and the grass is very soggy. I asked if they would mind dialing back the sprinkler timer and they responded that they are not comfortable setting the timer, will not do it, and want me to take care of it. 

Now, I AM the landlord...I get it...but per the lease contract, they are responsible for maintaining the landscaping in a manner consistent with the neighborhood (keep the grass green and cut). In your opinion, is this my responsibility or theirs? If the rental was around the corner I would take care of it and be done with it.

Thanks in advance for sharing your opinions and experience!

Greetings all,
So, I have the desire. I have the work ethic to dig in and do the research, but...Where do I start? How do I identify and find information about a specific market? I am willing to invest outside my region if the financials add up.

I know this website is a great start and I plan on spending many hours reading and listening to podcasts, but, what other sources are there?

I am looking for multi-family units that meet the 2% and or 50% rule I have read about on this site. I am willing to be patient but want to start actively working toward finding a property.

Any thought on this topic are much appreciated.

Thanks, Nate.

Thank you, Karen and Marco, for sharing your thoughts.

Karen Margrave I like your theory on appreciation in California. I have experienced it with my home and my SFH rental. The problem I am having (albeit I haven't been looking for that long) is finding a property in SoCal that can offer income from from the beginning w/o a large down payment.

Marco Santarelli I am definitely going to expand my search to other states. How would you recommend going about the search and what is the best way to become familiar with the rental market in a region?

Thanks.

Greeting BP community! I found this site a few days ago and can't stay away! There is fantastic information on this site and I look forward to learning from everyone. With any luck, some day I will have a wealth of info to share and pay it forward.

I live in Yorba Linda, CA (Orange County). I have 1 SFH rental now but I am looking to invest in multi-family properties. I'm currently looking in SoCal but the market seems tough (high entry $$ for low NOI) so I am open to other areas.

I would appreciate any answers to this newbie questions: How and where do I start my search? What city/state have you found recent good investments?

Thanks and I look forward to getting to know you.

Nate