All Forum Posts by: Robert Duffer

Hello everyone, I'm new and in the middle of expanding my portfolio for the first time via a 1031 exchange. - Jumping into the deep end of the pool.

I have my sights set on a couple of properties but wanted to do my due diligence a bit and ask those that may have greater experience in the Turn key market.

I was looking at Alabama and Florida but was wondering if anyone had any recommendations for turnkey providers in either of those markets or others?

Any recommendations/assistance is greatly appreciated!

Thanks in advance - All the best!

Rob

Bill Gulley Thanks too for the quick response and insight. Depending on what investment opportunities I may come across, I may think about just saving for a time and/or pay down the loan. It's rough out there.

Will Barnard Thanks for the quick response and good advice. I believe I can honestly be consistent and will take a look around to see what kind of opportunities are out there.

I recently found myself in the process of restructuring my finances to rekindle my real estate investment goals.
I currently have a single family home (with a decent interest rate) rented in Annapolis Maryland. I've been living in Seattle Washington in a home with an interest rate higher than most because my house (given the current market) is worth less money than I owe (about 45K diff). In the past I did not see the logic in refinancing to dig the hole deeper via refinance closing costs (10K deeper) if I was not planning on staying in the house long term. However, I recently refinanced from 6.75% to 4.3% at no cost whatsoever given the new refinance rules (HARP). The new loan amount remained the same and no closing costs so the hole did not get deeper. This obviously makes for a smaller mortgage payment hence my question is this...do I continue paying the old "larger" amount (which I can afford) in order to close the gap loan to value on my home? I'd like to be able to sell it (break even) at some point - or do I take the extra cash and invest it elsewhere? (i.e. save it for a down payment / invest on a new property opportunity).

Thanks in advance for any advice / feedback.
- Rob

Thank you for welcoming me in - Ned, Rob, Brandon, Will and James, I look forward continuing on sharing thoughts, ideas and experiences.

Ned, I do go back to Maryland at least a few times a year, I will definitely drop you a line beforehand to see if we could connect.

Rob, Good to know a lot of "Robs'" are out there! I'm looking forward to continued investment growth and learning. Thanks for the offer, I'm certain will be asking for assistance.

Brandon, Greetings indeed from the northwest, thank you too for the offer for assistance..I will be accepting the offer.

Will, thanks for the early advice.! I will do my best to stay active and stay engaged to learn quickly and proceed down the path expeditiously.

and James, thanks for the well wishes and it's good to know that even by accident this could work. I am looking forward to the assistance and getting started.

- Rob

Hello everyone, my name is Rob Duffer and am originally from New York. I am new to REI and became a landlord / investor by accident. I was living in Maryland and my job relocated me "temporarily" to Seattle WA however, I didn't want to sell my home in Annapolis Maryland so I rented it and hired a property management company to help me oversee it from a distance. Well, needless to say, my "temporary" assignment has run long as I am still in Seattle but my Maryland home is still rented with great tenants. The experience has been a positive one and the situation worked out well for both my tenant and I. As a result, I became interested in REI, to seek out other opportunities where I may be able to invest and help others at the same time.

I feel very fortunate to have come across this site as it appears to be a veritable wealth of information and experience. I am grateful and impressed by the willingness of members to share their knowledge. - Thank You!
I’m looking forward to learning and sharing experiences with all Bigger Pockets members.

- Rob

Yes, thank you. I would be very interested, if it's as informative as the resources on this site I'm betting it would a great educational addition.