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All Forum Posts by: Skyler Heimer

Skyler Heimer has started 4 posts and replied 20 times.

@Joel Bongco Hello! I'm hoping to live in it as my primary residence. I would like to rent it out in a couple of years but not immediately.

Hi BP,

I'm looking to purchase my first property in Los Angeles and wanted to see if anyone has or knows of anything that might be a good fit. My budget is $550,000 and I would prefer the HOA to be less than $400. I already have an agent but if anyone is able to help with the search it would be greatly appreciated.

In regards to location, I would like to stay in Santa Monica, or somewhere close and the unit needs to have at least one bedroom.

Thank you in advance,

Skyler

You have to file a complaint on CSLB or get an attorney. It's a long process and an uphill battle in your position.

Post: Construction near power lines

Skyler HeimerPosted
  • Posts 20
  • Votes 9

10 feet of clearance is typically the minimum requirement.

One recommendation is to make sure he approved everything before you cover it up. The last thing you want is to cover something up and have him come back and say he didn't approve it.

The best approach when dealing with inspectors is to only talk to them on site, at least in Los Angeles, they barely answer the phone and email. They are okay with giving pointers on site but will get frustrated if the work isn't ready multiple times in a row.

It's normal to print the permit and have him write his notes on it. ie what he approved talked about

Post: Property Manager Search Lansing

Skyler HeimerPosted
  • Posts 20
  • Votes 9
Quote from @Troy DeLong:

@Skyler Heimer Hey Skyler. I'm a local agent / investor myself and would recommend you reach out to any of these three for Property Management help. 

Sandy Bailey Bristol (Sandy’s Property Management)
(517) 285-5509

Bree Garrett (Good Company Realty)
(517) 706-9294


David Johnson (Simply Live Property Management)
(517) 927-5003


 thank you!

Quote from @Doug Spence:
Quote from @Skyler Heimer:
Quote from @Doug Spence:

@Gordon Cai If you aren't already househacking, I would start there. If you're already doing that, then I'm a big advocate for investing out of state. I live in San Diego, but I've purchased 3 properties in Milwaukee, and done 2 BRRRRs and 2 Flips in Oklahoma. 

You mentioned a downside of investing out of state is that you "won't be able to learn as much about renovations". Unless your goal is to be an expert in learning renovations, I don't think you need to focus on that. Let the experts handle that while you focus on building wealth, acquiring more properties, and spending time with family/friends, hobbies, or however you like to spend your time. 

Keep us updated on your journey, and let me know if I can help with anything. 


 Hi Doug, I'm interested in investing out of state, CA is expensive. What was your process for building a team out of state?


 Skyler, I started with the BP forums! I made a post asking who the best property managers and agents were in my market, made a list, and started reaching out to them. I had conversations with the owners and asked them a bunch of questions. I also asked for referrals for other out of state owners who's properties they manage, and I called all of those owners and asked about their experience with the PM company. 

Also keep in mind that its likely you will have to fire a PM/agent/lender at some point in your journey. Hire slowly and fire quickly! Be very clear up front about your expectations and communication style and make sure its a good fit from the beginning. 

Good luck and keep us updated on your journey!


 I'm going to begin the process. Thanks for your input!

Post: Property Manager Search Lansing

Skyler HeimerPosted
  • Posts 20
  • Votes 9

Hello,

I'm looking to start my real estate investment journey in the next couple of months and, with the high market in CA, am looking to invest out of state in East Lansing, Michigan. Based off my budget I would be more than happy to be anywhere in Lansing where the neighborhood is decent enough and the numbers work.

If you or anyone you know can help with property management I would really appreciate some input.

Quote from @Doug Spence:

@Gordon Cai If you aren't already househacking, I would start there. If you're already doing that, then I'm a big advocate for investing out of state. I live in San Diego, but I've purchased 3 properties in Milwaukee, and done 2 BRRRRs and 2 Flips in Oklahoma. 

You mentioned a downside of investing out of state is that you "won't be able to learn as much about renovations". Unless your goal is to be an expert in learning renovations, I don't think you need to focus on that. Let the experts handle that while you focus on building wealth, acquiring more properties, and spending time with family/friends, hobbies, or however you like to spend your time. 

Keep us updated on your journey, and let me know if I can help with anything. 


 Hi Doug, I'm interested in investing out of state, CA is expensive. What was your process for building a team out of state?