All Forum Posts by: Parker Fairfield

I don't want to double post - but thin kthat this forum might have been better ....

original post is here

https://www.biggerpockets.com/forums/432/topics/33...

Synopsis:
I'm American, living overseas for >20 yrs. Wanting to invest in the USA now. I've got enough money I think to get 2 decent properties. 
I will 100% use a property mgmt company to manage the properties - so ANYWHERE where my YIELD is best IS BEST! :-D

Thoughts?

check the SUPERFUND CLEAN UP database 

she'd PAY for someone to take them if there is some sort of toxic hazard on the property

I recall a long time (20 yrs?) ago reading a book about rentals, and how most states have made it illegal to charge a 'late payment penalty' on tenants that pay late .... 

And that the author recommended saying something like
RENT = 1300
EARLY PAYMENT DISCOUNT = 300

EARLY PAYMENT MEANS 15 DAYS before rent is due.

There for, if the tenant routinely pays the rent 15 days prior to its due date, then they get a discount ....

The other upsides are that the SECURITY DEPOSIT and LAST MONTHS rents quantity is higher.

Is anyone doing this? How many days earlier? 

Great article. 

If you read my profile, you'll see that I'm planning on doing SUPER out of state REI .... (from China).

I'd love to know any of your thoughts to this FORUM discussion I started here

https://www.biggerpockets.com/forums/55/topics/335...

It's got all the background etc. (I'm in China, want to buy multiple properties in the USA ... etc.) 

Awesome write up

@Tarl, QUESTION

What's the name of the wood flooring? It looks phenomenal.

I am American (www.gg.gg/PAFresume is me) live in China, and am looking at buying several pieces of property in the USA.

BACKGROUND:
I was thinking CT (my mom is there) but she's too old to help take care of anything I buy... so I'll end up with a property management company handling them.

So as I'm in NH taking 6 kids to summer camp (www.FairfieldTrips.org) at the moment, I found a great thread here - which is how I found this website -https://www.biggerpockets.com/forums/86/topics/166452-new-hampshire-areas-for-buy-and-hold#


I want to buy up to a 4 unit MF home maybe 5-15% on it ....

Then I'll buy an investment property on a mortgage ... I have about $300,000 for that, and I plan on considering anything from 300k - 1 M.

I am 100% focused on CAP rate, and long term buy and hold. . . I'm hoping to get another $7000 per month passive interest so I can retire, so these properties might not get that much - but would be a healthy contributor to it.

I want to buy them relatively close to each other so that I can have more leverage with the Property Mgmt company I'll hire to manage them.

I would be happy to do long-term tenants OR AirBnB .... I have a friend in Conway NH that rents out her townhouse ($125k purchase price) on AirBnB with crazy numbers (rents it about 140 days a year at $200 a night, and after property taxes ($2500, and HOA fees of $250/mo) has NOI of $20,000, a CAP rate of > 15%)

THE MID TERM GOAL:
Once I've purchased the two properties, and have some factual data on them, I plan on going to my network in China and getting investors in properties in the USA. That will allow me to:
- open a RE Agency to buy said properties for clients
- open a Property Management company to manage said properties
- open a Handyman company to handle changes, improvements for said properties

So if you're interested, connect with me. I'm going to build a team in the area I invest in.

I'd love to know anyone's thoughts on WHERE they'd go now, if they could go ANYWHERE for buy and Hold ....

What are your thoughts on:
- state?
- city ?

THE MID TERM GOAL:
Once I've purchased the two properties, and have some factual data on them, I plan on going to my network in China and getting investors in properties in the USA. That will allow me to:
- open a RE Agency to buy said properties for clients
- open a Property Management company to manage said properties
- open a Handyman company to handle changes, improvements for said properties

So if you're interested, connect with me. I'm going to build a team in the area I invest in.

I am an American who lives in China, and am looking at buying several pieces of property in the USA.

BACKGROUND:
I was thinking CT (my mom is there) but she's too old to help take care of anything I buy... so I'll end up with a property management company handling them.

So as I'm in NH taking 6 kids to summer camp (www.FairfieldTrips.org) at the moment, I found a great thread here - which is how I found this website -https://www.biggerpockets.com/forums/86/topics/166452-new-hampshire-areas-for-buy-and-hold#


I want to buy up to a 4 unit MF home maybe 5-15% on it ....

Then I'll buy an investment property on a mortgage ... I have about $300,000 for that, and I plan on considering anything from 300k - 1 M.

I am 100% focused on CAP rate, and long term buy and hold. . . I'm hoping to get another $7000 per month passive interest so I can retire, so these properties might not get that much - but would be a healthy contributor to it.

I want to buy them relatively close to each other so that I can have more leverage with the Property Mgmt company I'll hire to manage them.

I would be happy to do long-term tenants OR AirBnB .... I have a friend in Conway NH that rents out her townhouse ($125k purchase price) on AirBnB with crazy numbers (rents it about 140 days a year at $200 a night, and after property taxes ($2500, and HOA fees of $250/mo) has NOI of $20,000, a CAP rate of > 15%)

THE MID TERM GOAL:
Once I've purchased the two properties, and have some factual data on them, I plan on going to my network in China and getting investors in properties in the USA. That will allow me to:
- open a RE Agency to buy said properties for clients
- open a Property Management company to manage said properties
- open a Handyman company to handle changes, improvements for said properties

So if you're interested, connect with me. I'm going to build a team in the area I invest in.

I'd love to know anyone's thoughts on WHERE they'd go now, if they could go ANYWHERE for buy and Hold ....

What are your thoughts on:
- state?
- city ?

What a great thread. Exactly what I am interested in.

My family has a long term connection to NH ... Here's some background and a request for an update on comments.

I qualify for the "First Home Buyer's" government program - so I can buy up to a 4 unit MF home with it, and only put down 5 percent .... and pay off the large mortgage.

Then virtually immediately, I will buy an investment property on a mortgage ... I have about $300,000 for that, and I plan on considering anything from 300k - 1 M
I am 100% focused on CAP rate, and long term buy and hold. . .

I want to do them relatively closely so that I can have more leverage with the Property Mgmt company I'll hire to manage them.

I have a friend in Conway that rents out her townhouse ($125k purchase price) on AirBnB with crazy numbers (rents it about 140 days a year at $200 a night, and after property taxes ($2500, and HOA fees of $250/mo) has NOI of $20,000, a CAP rate of > 15%)


I'd love to know anyone's thoughts on WHERE they'd go now, if they could go ANYWHERE for buy and Hold .... would it still be NH?  AND WHERE (I love'd the info on knowing the SCHOOLS!)


Thanks