All Forum Posts by: Subbie Kaur

@Darius Anderson

Just messaged you with some information! 

@Benigno Cunanan

Hey Benigno, 

I ran these numbers through our calculator and the numbers are pretty thin... I would definitely take that into consideration especially if there is only a $100 cash flow with 20% down payment! 

Good luck with your first deal! 

@Darius Anderson

Things I consider before investing in any state..... 

1. State Laws: invest in a state that is landlord friendly
2. Trends: population trends are very important, a growing population= AWESOME
3. Price to rent ratios 

If these three things are good then most likely you are looking at a good market to buy rental property in! 

Indiana specifically NWI(Northwest Indiana)  market is a great one to invest in! 

Hey BP!

Here’s a property for sale in East Chicago, IN

We provide high cash flow properties in Indiana to out of state investors who want better returns than all of the turnkey stuff out there.

I have 10 more properties like these that I'm trying to sell right now so if you like them reach out to me!

If you know someone who would be interested in purchasing these properties, we do give out BIG referral fees for all Buyer referrals.

5033 Melville Avenue, East Chicago IN 46312

Purchase Price: $90,000.00

Asset Class: C+

Duplex in brand new condition. All 2 units are occupied, bringing in $1,600.00 today!

For more information contact our Transactions Manager:

Subbie Kaur

[email protected]

http://www.acenwi.com

@Rashad Jones Jennings

Investing in D class properties is definitely a lot more work and will require you to be more involved. However, once the property is in better condition after renovations you can have a much greater cash flow. The biggest problem with D class properties is finding good tenants that will stick around for a while. Coming from a  family who has invested in D class properties our biggest struggle has been finding tenants that will stick around, but once you have a good system it does become much less of a problem. There is more work you have to put into D class properties, but it's all case by case. From personal experiences,  I would personally stick to C range if you don't want to be spending a lot of your time on the issues that come with many D class properties. 

Good luck! 

@Joshua R.

 Three main things I would look for when finding an OOS market. 

Rent to Value ratio, this is the biggest determinant of cash flow! Markets with low-taxes, and landlord-friendly laws will allow you to have a much more positive, low-stress OOS experience. To help you get a better understanding of the Market, find a few property managers in that market who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title. 

Good Luck! 

@Michael Stanley Nino

Three things I would recommend before purchasing a  property OOS. The first thing is to decide what your strategy is, do you want high cash flow property or appreciation? 

I would personally recommend high cash flow because unlike appreciation, high cash flow is guaranteed. Cash flow of a property can easily be calculated if you have all the information for expenses, taxes, insurance, and the Rents of the property you are interested in. 

Once you have that information it is also important to look into the stats and data of the specific market you are looking to invest it.  You want to invest in OOS markets that have low property taxes, landlord-friendly laws, and high rental demands.

You also want to find a few good property management teams in the markets, get in touch with them and get a feel of what they have to say about the market itself. This will allow you to get a better understanding of the market from different sources. 

Good luck! 

Subbie Kaur 

Ace Properties, LLC 

@Jessica Santiago jones

I work for a group of Investors from Sacramento who invest OOS because there are so many markets out there with high cash flow in comparison to CA. There are a few things we look at before we even think about investing in a particular market.  One of the most important things is to find markets that are high in rents and the cost of the property is low( for cash flow markets). We also make sure to invest in markets/states that have landlord-friendly laws, and low taxes. As far as managing properties we do a lot of research to find a property manager we can trust for each market. A good property manager will allow you to have a much more positive experience. 

Subbie Kaur 

Ace Properties, LLC 

@Aubrey H.

From my personal experiences, having a tenant do repairs in exchange for discounted rent or even paying them doesn't work out so well. I have dealt with a few situations myself where we actually allowed the tenant to do the repairs for our rental properties. The job was originally supposed to take a few months as promised by the tenants but ended up taking over 6 months. We were paying them for their work, so of course, they decided to take longer than expected to make more money.  You will hear a new excuse for why the work hasn't been done, something most people don't want to deal with. You will find yourself in a trap if it doesn't go as planned. I would recommend to just find a professional who will get the job done correctly and in a timely manner. Good luck with this project:) 

As you mentioned that you are looking for properties that generate more cash flow, out of state investing is a great option! 

  There are plenty of markets in other states that allow more cash flow in comparison to NY. If you are Considering OOS, three major things to consider from my personal experiences: 

1. Rent to Value Ratio: This is the biggest determinant of cash flow. Make this your benchmark when you search for new markets if your goal is to be a cash-flow investor.

2. As an OOS investor, you want to invest in markets that have low property taxes, high rental demand, landlord-friendly laws. 

3. A property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title. ( very important if you are not going to manage yourself). 

Subbie Kaur 
Ace Properties, LLC