All Forum Posts by: Sara Liskey

@Eleanor V. , I have property in Houston and Atlanta.

Congrats @Jon Lafferty! I would recommend you stock up on as many 30 yr fixed rate loans as possible while rates are still this low. You should be able to finance up to 10 properties.

@Richard Michael- I have experience in buying new construction in the Houston market. While it's true that it's like "buying a new car", it happens to be my favorite property. I bought in 2007 in a great area. Over time, I've raised the rent and the value has gone up. I've also refinanced to lower the interest rate. I haven't had one day vacancy since the first tenant was placed (knock on wood). The best part is that because it was new, I've had very little maintenance. Less than $1500 in almost 7 years ownership. At the end of the day, on any property, the numbers should make sense from day one and buy in good areas. Real estate investing is a marathon, not a sprint. Slow and steady wins the race.

Welcome @Eleanor V.! I'm from So Cal, also investing out of state.

@David B., great topic for discussion. Thanks for posting. @Jason Hartman self manages many of his rental properties from afar and may have some good tips to share.

@Chai Sag, you may want to talk with your insurance agent about getting a vacancy policy. They are a little pricey, but you can get them for the short term. I've heard of vandalism claims being denied because the existing policy didn't cover vacancy for more than 30 days. Just make sure you're covered!