All Forum Posts by: Susan Tan

Hopefully you're getting back to real estate investing all these encouraging comments, @Deisy P.!

I trust my property manager to manage my rentals from over 2,000 miles away in USA. I don't have any man in my life to manage the rentals for me so I have to rely on connecting to good inspectors, realtors, and property managers. For any repairs that need to be done, the property manager emails me the bids, and then she pays in installments, and then emails the paid bills to me. 

@Steve K.You win for the best reply on this thread.

@Michael Dang Im interested in doing the BRRR strategy in Independence Heights. Could I schedule a chat with you about this area? Im looking for referrals to hard money lenders & general

House hacking is often considered here in this forum as a good beginner's move to getting started with the first rental property. When does house hacking & self-managing a property NO LONGER worth the time & effort as your net worth grows? I saw the horror movie Pacific Heights, in which a double-income child-less couple buys a multi-family & rent out the other units to horrifying results. This movie has scared me off of doing house hacking! 

What are your favorite online stores to create bandit signs? ie: "I buy mortgage notes! Call me at __-____".

The best way to avoid the bad tenants is to buy in a good location in class B+/A-.

@Diane G. Just from the BP network, I've connected on zoom with at least 1 other SF Bay Area CA engineer from Apple who invests in only Ohio and another investor in Singapore who also invests in OH because they live in very HCOL cities. I would ONLY ever invest out of state in Midwest & South and rent an apartment anywhere in the world I want.

Starting out in a HCOL coastal city means you'll get hardly any cash flow as a long-term rental. 

As I described in  https://www.biggerpockets.com/..., I've purchased this 4plex sight unseen after watching the video tours made by my realtor/property manager, then reading the inspection & appraisal. I trust my property manager/realtor a whole lot after having done 2 past deals with her, including a past rehab deal. I send the MLS deals that look interesting to my Cincinnati-based realtor/property manager from 2,000 miles away while I live in CA. I still haven't seen this property in-person even 1 month later after the 4plex has closed because I'm cautious about getting on a 9-10 hr plane flight during these pandemic times. I'm following the instructions from David Greene's book on out of state investing and it's working out very well for me. I live in SF Bay Area in CA while investing in the Midwest.

If you've done deals out-of-state that are sight unseen for many times in the past, what are some factors that help make you more comfortable in doing these deals? This info could be of help to new out-of-state investors living in the high-cost coastal cities.