All Forum Posts by: Stephen Brush
Stephen Brush has started 2 posts and replied 2 times.
Little about me I'm 26 I work overseas as a contractor. Been around the states and have an idea I want to invest in. I have a 100k but I only want to spend 40-60k in cash on either an apartment or a duplex. Considering my limited options I been looking at places near universities in states like florida.
I know its been said that you should only invest in the area you live or know very well. I believe if you set a good price and place near a university you can get a good thing going. I work overseas and I will be in and out of the country 28 days out of the year. So my plan was to hire a management company to keep up with every thing and also a lawyer to keep myself safe from getting sued from a bad tenant.
I understand when looking at house you should have it inspected etc. Can anyone else who rents out duplex's and apartments share some insight about what I'm missing or what else I should be looking at? Thank you.
Hello everyone my names Stephen 25 years old and I been reading on the forums for awhile. I am currently relocating back to Northern Virginia from Afghanistan. I been looking at potential real estate to buy and I believe I finally found the house. Real estate in the Fairfax area is generally high and didn't have to much of a dip from the recession.
I feel safer in investing in this are because of the public and govt economy that is intertwined with each other. The house is 75k and its been going down 5k every few months since the start of the new year. I have 94k saved up and I feel pretty good about this even though the house doesn't look spectacular it was built in 2006 and looks remodeled on the inside. Has everything it needs to attract renters.
I emailed the realtor today and there's a few potential things im worried about. They have a HOA, my ability to get renters and whatever inspectors find wrong with the house if I close it. I will be back in the states in 30 days so I will be going through the neighborhood myself.
Any input or comments is appreciated