All Forum Posts by: Svetlana Kazantseva

Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent in are "skeptical about providing a quote if they cannot use their own materials". In their experience "it has lead to a lot of headaches and delays with the project". We are out of state investors and were going to stick to David Green's advise of getting quotes without the materials for fair comparison + being able to select the material we want, put it on our credit cards. Do you think it's reasonable for contractors to refuse a quote without materials? Should we keep looking?

Hi BP community! It's a huge day for our family, an offer on our first investment house has been accepted by the seller! We had such a hard time competing with cash buyers in Kansas City, MO. Now I'd really appreciate your advice on the next steps.

Do we book inspection now? How do we provide access for the inspector, or does seller lets them in?

We'd need some works on the house done to get it rent-ready - any advice how to approach this?

Would appreciate any input from experienced long distance investors out there!

Hi BP community! I have gathered the courage to make on offer on my first investment property. The deal seems good:

Good B+ area in Columbia, SC suburb, great schools, 3 bed 2 bath, needs some cosmetic work (repaint interior, a few holes in the wall to fix, 1 broken window to replace, likely replace laminate flooring in 1 room, replace bathroom sealant)

ARV is around 220k, it's offered for 165k and already has a cash offer of 172k (I'll be financing). After cosmetic repairs it may rent for 1.7k

I believe it's a good deal and numbers seem to work. My realtor made a few videos for me and seems like no major work needs to be done. I have no idea of repair costs.

Any advice on making an offer considering I didn't see the property in person? Should I make a contingency of inspection offer? I don't want to loose a good deal but also to get trapped into a bad one. Thank you so much!

I'm an out of state aspiring investor (living in CA, looking to invest in more affordable and cash flowing locations) looking to by my first investment property and wondering whether purchasing a new construction SFH is actually a bad idea? The concerns are obviously not being able to find a great undervalued property deal. However since I'll be owning a rental property very far from where I live and don't have a local network of contractors, property managers etc. yet – does it make sense to consider a new construction as a safe low maintenance option? Would love to hear the thoughts of more experienced investors.

Hi BP community! I’m Svetlana, my husband and I are 1st-generation immigrants raising children here in the US - some brainstorming lead us to real estate investment as a tool to secure our family financial future. We have 1 investment property in Europe (an apartment we initially purchased for ourselves and now rent it out). To begin our RE investment journey in the US we are currently learning about everything and figuring out our strategy. We live in a super expensive place (SF Bay Area) and cannot start investing locally due to the prices. If you can suggest any locations in any states to begin with (good appreciation, cash flow, good schools and single family houses under 300k) we would greatly appreciate it!