All Forum Posts by: Rose White

HI Michael, 

How many people are you wanting to have to create the Zoom meeting? 
What are some topics you are curious to know in these cities? I may not say much during the meeting, but I would like to join to hear people's thoughts/updates.... 
Also, if anything you are curious to know, I can reach out to my broker if she could join us on the call as well and I went to a meet up right before COVID19, and met a few people there- maybe i can hit them up as well. 

HI Trevor, 

You may be right, that most realtors do suck, that's why a lot of us become realtors.. to be the better realtor than who they dealt with in the past ... lol
But it could also be that they are new to your approach in their market or have difficulty understanding your strategy in those states. Like most said, it takes time to invest into these realtors to get to know them. Also, it could be that because the conversation wasn't going anywhere, they didn't put in the effort (you not being motivated to buy or they might be thinking you're wasting THEIR time! who knows!) as much as you wanted them to. Worst case, you could move on and find someone else. 

I am not sure how you met those realtors you came across, but BP has a lot of active members here - you should target those people and talk to them, because most of the people that are active on BP are active investors/agents/lenders, the whole nine. 

Good luck to you on finding the best partner in crime from out of state! :)

HI Amanda- 

everyone already has shared great ideas, but I would also like to add, maybe act like an HOA person as the landlord?
like have the tenant fill out a sheet to get your approval on certain type of plant/trees and/or outline what type of items you'd like to plant in your property (you were planning on doing anyway) and put cost you'd approve spending for and deduct it out of their rent? also give them outline where they should plant these items (like previous comment says, too close to the property could damage it in the long run depending on the tree) 

Also, you can say potting is allowed but that's for your personal expense/hobby.
if its edible plant(herbs and vegetables), definitely only at their yard or potting use only.... 

Hi Grant, 

I personally bought a new construction for primary residence in suburb of Atlanta. While my husband and I were looking for houses to purchase last year, most of the issues were common with the fixer/turnkey homes that were older. 

As far as "building new" for your investment house, i think "buying new construction already in place?" is better than you doing the building ground up- I am not sure if that's what you meant already but wanted to mention that (potential for attachment if building ground up? lol and could take longer period of time to complete) 

with fixer/turnkey older homes: (which you probably know already) 
con: 
- had to worry about HVAC, water heater unit being old and not replaced yet
- if it was somewhat fixed already - dealing with potential short cut work from previous contractors 
- find any unforeseen issues that you'd have to have trustworthy people in place to find out for you (with your due diligence in place)
- could have issues after purchase when you try to do your rehab 

Pro: obviously even with those issues above, there "could" be more ROI in place when its done.

New construction: 
con: 
- not much addition to do to add more value to your home 
- Hoa fees could be higher - because newer neighbors use CPM (community property manager) in the beginning
- Need to know if the neighbor has a cap of rental properties before purchase, and need to purchase quick

Pro: 
- like you mentioned, less capex and maintenance 
- potentially find a tenant faster
- most of the things in the house has warranty up to 5 years 

Also, if you do end up buying new build, look around the area to see if there are more new constructions going up, it could indicate that population in the area is growing and the area is in demand. 

With it all said, i wouldn't think new build is a bad idea for rental (ps. i live in an area with 60 homes with 10%-12% rental restriction and all the houses are already rented out since it completed building a year ago. those tenants were there since investors bought it)

Good luck :)

HI Kai, 

I love Brenden's response (always). 

I would also suggest you could study real estate investing as much you can in a certain area you are interested in putting your own money, and ways to do investments, generally. When you have knowledge, you will attract people, even if you dont have a W2 job to support it or even if you dont have money at all. Please study as much as you can ..... next step is to go to networking meet ups in the area! With you starting with low capital or little to none, you could start your percentage low for the investors who could fund it so they could "try your service". its called low money down or no money down

I hope my response opens up different avenues for you! 

good luck :) 

Hi Brandon, Hyunwoo is a good name, too! 

Atlanta has a sporadic communities of Koreans, there are couple cities where Korean communities are big.. I am not sure what led them here (whether its from state to state move or they came here immediately) I came here because my parents had few friends who already settled down here but we are originally from Detroit.. we left in 2009 when the market crash. 

If you want to experience 4 seasons in 1 week, Atlanta is a great place to be! (+ everything booming right now) 
Best of luck to you!! 

Hi Orane, 

There is a good old sending "check" method, but you could also do zelle as mentioned above. 
How many properties are you renting? if its not above 10 or amount you cant manage, i wouldnt worry about using certain programs because thats just extra expense.. 

Hi Thomas,
I am not an investor (yet) but i've rented homes before, and i love wood laminate as both landlord/tenant perspective.
it looks like wood (but it isnt), its durable, its easy to clean (if you spill anything), the liquid doesnt seep into the material (as if its wood), its "cheaper" than wood. 

i have friends who bought close to half million dollar houses and installed actual wood in their house and hated it because the liquid would get absorbed to the wood and it would bend(?). They have to immediately clean it before it gets absorbed- i have never worried about this while i was renting a home with laminate floor, so this made me realize i dont want "actual hard wood" 

Hi Chandler, 

Banks do ask if its for investment or primary residence. 
If its primary residence, the loan can be conventional/fha/va and with "lower" down payment. 
If its investment property, they usually ask for higher down payment.... roughly around 15-25%... (this may depend on the bank/lender)

@Brandon Peery

Is anyone representing Atlanta here? haha 
Hi Brandon! I am Korean in America! (And love the name Brandon as well)

I am from Atlanta, and Atlanta market had been pretty hot lately. a lot of the suburb areas are blowing up, and anywhere in Atlanta city itself, is hard to find any type of property (i think 2 weeks might be the longest the house will be on the market-if longer, you might have higher hand as a buyer)

Anyways, if you were to be in Atlanta, i would recommend suburb areas like Canton, Adairsville, Lithonia, Lawrenceville to be your investment location. Housings in Atlanta is really expensive but its because all the jobs are compact in that area as well, so many people who work in Atlanta live out side the perimeter (OTP) to balance income to mortgage. Atlanta has Coca cola, NCR (its not the HQ), they are building Thyssenkrupp by the braves stadium and Home Depot, just to name a few. 

And whether you live in that state or not, if you build connection/relationship with those who are in that state, you really dont have to be in that state at all (you could read long distance investing by david greene)

Good luck with your investment journey and coming back to the states! ☺️