All Forum Posts by: Peter Davis

I own a SFR in a nice part of Houston, tenants in place, and am considering selling so I can buy in a different market. Does anyone have advice on how to handle selling? If there wasn't a tenant in place, I'd just list it with a Realtor, which maybe is the best way to sell a property even with a tenant?

I'm curious who the turnkey company is too. And, why did you end up not buying this property?

Nice story Chris Sciolino, what city in Florida?

How much work is it going to take to get it sold at $69,900? Does it need a lot of renovations?

"I get that this is a forum for investors, and I get that investing is almost synonymous with buying something for under market value. "

I don't think that's true at all. Yes, it's true that you can maximise your gains by buying under market value. But, an investment is simply something that will make you money. It doesn't make it not an investment if you pay above market value, what matters is that you make money on it.

Thanks for the replies. In a state like Texas, Lyall Storandt do you even have to file a personal income tax form since there's no state income tax in Texas? Just saying, I have never lived in a state where there is not any state income tax.

I've been investigating doing real estate investing out of state, since where I live (Massachusetts) is not only an overpriced real estate market but notoriously landlord unfriendly and hostile toward small business in general.

I've been looking mostly at markets in Florida (Orlando area, for example) and Texas (around Houston) because I know that they are, for the most part, business friendly but more importantly they don't have state income taxes.

But there are other markets that look attractive as well. Take Ohio for example, there are a few markets there that look good, Cleveland or some of the smaller cities. But, they have a state income tax code that defines the meaning of the term byzantine. At least it looks like that for an outsider.

If I bought a property in Ohio and rented it, then I'm going to have to file in Ohio too? It would seem to take a lot of wind out of the sails of the idea of investing there.

Out of state investors, tell me your experiences! :)

Thanks Sean Brennan it's certainly nice to see so many people from my area here.

I spend quite a bit of time on Ebay and on occasion I find myself lost in the real estate section and come across stuff like this....
http://www.ebay.com/itm/BEAUTIFUL-3-BR-2-BATH-CONDO-IN-ORLANDO-FLORIDA-CURRENTLY-RENTED-INVESTMENT-HOME-/390564343281?pt=Residential&hash=item5aef72edf1
Now, I was raised to believe that if something looks too good to be true, then you should be suspicious. I can't even get my bathroom remodeled for the price that these properties are selling for, what's the catch?

Hi Ann Bellamy No, nothing even close to MLM. I have a severe allergy to anything that even resembles MLM. My sincere apologies if what I wrote remotely reminded you of Amway or anything like them. I'll do my best to make your 4/23 event.