All Forum Posts by: Taylor Eilers

I am looking for a new PM in OH, I am an out-of-state investor who has 3 duplexes in Euclid.

Good Afternoon,

Upon replacing a window in one of my rental units, that previously was leaking, severe water damage was noted in the structure was uncovered. It looks like it has been ongoing for a long time (10+ years). Not sure that it goes throughout the unit, but our best guess is that it might. I bought the unit earlier this year and the inspector didn't catch it, I am almost certain that the previous owner knew about it. There is no active roof or window leak currently. I am wondering who has had experience with this and if insurance will generally cover it, and what they will cover? I wanted to get opinions before I notified them. I live in San Diego, so major fixes and rennos are not cheap here. 

Taylor

Hello, I am looking for an app or website that complies data, addresses, phone numbers, etc for certain demographics and property types for cold calling purposes. Any suggestions would be great! Thank you!

I am active duty military in San Diego, I used my VA loan to purchase a triplex that I house hack in but I am looking for a new market that is far cheaper to invest in. Ideally, multi-family homes but I am open to most things as long as the area makes sense as far as deals and numbers.

I also have the potential to move to San Antonio summer of 2021.

@Nathan Brinker

Hey Nathan,

I have been AD Navy for 6.5 years now and I just finally closed on my first property which is a triplex in San Diego. It is very doable, but I would concentrate on building your savings and making smart finical decisions until you advance in rank so you can get that BAH which is crucial in my opinion since that basically doubles your income. If that means waiting a few years so you can maybe get something that more aligns with your goals, not with just what you have in the bank right now. Also take into account maintenance on the property, property management if you deploy or PCS, vacancy rates, etc when you are budgeting. Also something I wish I would have done, start educating yourself on real estate, there are many different niches that work for all types of people, then by the time you have more finical stability and a built savings you will have a better idea on what you wanna invest on. I would really focus on getting through your pipeline, building your savings, and self education on as many real estate topics as you can, but also I am just one person and this is just one opinion, it is great you are proactively thinking about this stuff!

Taylor

@Sebastien Carriere

Hey Sebastien,

I am also AD Navy here in San Diego and I just closed on a triplex using my VA loan. I have lived here for 4 years and wish I would have bought something sooner than spending my money on rent vs something that I own. I had the same mindset about possibly using cash but the more I searched and learned, I realized if I am afforded the ability to do little or nothing down, then why wouldn't I? My triplex needs some updates and that's what I will be doing with some of the cash I saved, forcibly appreciating the property. I also have a dynamite realtor with a lender who understands the VA loan well so feel free to message me if you have questions or want their contact info.

Taylor