All Forum Posts by: Tatyana Rimar

@Tatyana Rimar call them all!  There likely won't be that much difference among the big banks, but you won't know if you don't ask.  What product are you looking for - a standard 30-year fixed?  Or something else?

I am from Hawaii and just purchased a single family rental in IN last July using a company called Done For You Real Estate. We bought 3 using them so far and love the ease of process. Feel free to reach out to me if you are interested in learning about them. 

Hi @Tatyana Rimar! Glad you made this post. Deals are absolutely still being done right now as we speak. In fact, I am seeing rents just exploding in all areas of our city. You simply need the right team in place to help you invest out of state -as safely as possible. As investors we are not necessarily doing everything ourselves. We simply source the best providers for each task we need. As an agent I have been helping a lot of my out of state AND out of the country investors navigate the Indianapolis market. I hope to hear from you!

@Tatyana Rimar the reality is that most of the things that can go wrong with an investment property can happen whether the property is OOS or right in your local market. You can get a bad tenant anywhere. Things break regardless of where the property is. The 2 biggest challenges with OOS investing are 1. Not knowing the neighborhoods and consequently, buying in the wrong area. This can be overcome relatively easy. I've written a blog here on BP on this topic. https://www.biggerpockets.com/... The 2nd big challenge is managing your property from out of state. Obviously, you need a great property manager that you can trust. The most difficult and potentially expensive part of management is handling repairs and updates at tenant turn over. It's hard to know if everything the PM is recommending really needs to be done and whether they're quoting a fair price for the work. Always ask for before and after pictures of any work that was done and get receipts at least until you know and trust your PM well,

@Tatyana Rimar the reality is that most of the things that can go wrong with an investment property can happen whether the property is OOS or right in your local market. You can get a bad tenant anywhere. Things break regardless of where the property is. The 2 biggest challenges with OOS investing are 1. Not knowing the neighborhoods and consequently, buying in the wrong area. This can be overcome relatively easy. I've written a blog here on BP on this topic. https://www.biggerpockets.com/... The 2nd big challenge is managing your property from out of state. Obviously, you need a great property manager that you can trust. The most difficult and potentially expensive part of management is handling repairs and updates at tenant turn over. It's hard to know if everything the PM is recommending really needs to be done and whether they're quoting a fair price for the work. Always ask for before and after pictures of any work that was done and get receipts at least until you know and trust your PM well,

@Tatyana Rimar the reality is that most of the things that can go wrong with an investment property can happen whether the property is OOS or right in your local market. You can get a bad tenant anywhere. Things break regardless of where the property is. The 2 biggest challenges with OOS investing are 1. Not knowing the neighborhoods and consequently, buying in the wrong area. This can be overcome relatively easy. I've written a blog here on BP on this topic. https://www.biggerpockets.com/... The 2nd big challenge is managing your property from out of state. Obviously, you need a great property manager that you can trust. The most difficult and potentially expensive part of management is handling repairs and updates at tenant turn over. It's hard to know if everything the PM is recommending really needs to be done and whether they're quoting a fair price for the work. Always ask for before and after pictures of any work that was done and get receipts at least until you know and trust your PM well,