All Forum Posts by: Susan Little

I think your strategy is what I am most comfortable with. I would prefer a safe first investment with a lower return to high risk. Thanks for your input!

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Thank you, that was my feeling too!

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Great advice, thank you for taking the time!!

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Not only is it loaded with chemicals and now illegal to use in my market, it is insanely thin. I had a listing with Chinese Sheet Rock and when I would lean against the wall, it would bow under my weight (I am not a big person). You could also see the beams inside the walls throughout the condo despite there being a lot of very bold colors on the walls.

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Originally posted by @Raul R.:

Something else to consider and sometimes is overlook is ease of transportation to your market from where you are living..

Both your top market rank high as you know, no experience in Idaho market but in CLT its very competitive.. You will find the top markets competition will be high..

I see you have lived in CLT but I highly recommend boots in the grounds, too many over analyze and never visit the market or end up going with a turn key provider having no idea where they are investing..

Identify neighborhoods in both markets where you find potentials and visit both market to make the best decision. My advice when starting out is stick with one market and focus your energy there, finding your Core 4 is great plan but you dont need all 4 right from the get go..

Start by finding a good Realtor, a good Realtor will point you on right direction for Lenders & Property Managers or will give you options. Dont be surprise you might need to fine tune your Core 4 on the way.. I had to get rid of my first PM in CLT wasn't a good fit but once you know what to look for it gets easier..

Best of luck in your journey...

Great advice, when you say easy access to location of the property, what are your guidelines? Are you suggesting it should be drive-able from where you are, or would a quick and inexpensive flight suffice? I am considering an out of state market as well. Thanks for your help!

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Hello All: I have been working successfully in residential real estate and am ready to buy my first rental property. I am definitely starting small so I am looking in to out of state markets. My question is about foreclosures. I must say, there are so few of them in my market that I am ignorant when it comes to the pros and cons. I was thinking I should start by buying something turn key for my first, but wondered if anyone thought there was an advantage to buying a foreclosure. Are most in pretty bad shape? Does it have to be an all cash purchase? Thanks in advance for your insight. So far I am considering the Pittsburgh, PA and Cleveland, OH markets.

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All Forum Posts by: Susan Little

Susan Little has started 2 posts and replied 18 times.

Post: How We Bought a Duplex With No $ and Got $10k at Closing

Post: Buying my first rental property.

Post: Buying my first rental property.

Post: Buying my first rental property.

Post: Buying my first rental property.

Post: Anybody knows about Chinese sheetrock??

Post: Buy and Hold Out-of-State: Market Analysis from a Newbie

Post: Buying my first rental property.