All Forum Posts by: Taz Zettergren

I like the idea of the HELOC or cash out since rates are so low right now. Yes your monthly payment will go up but I'd get as many loans as you're comfortable with right now while rates are low. You'll have a resident paying your note off while values around you increase and rents will eventually increase to help pay off your notes quicker. Now as far as the area goes that definitely depends on your risk tolerance. I personally will give up some of the monthly cash flow for a better area, which is normally more expensive, but provides a better resident and typically more consistent appreciation. My .02 cents but good luck with the decision and investment!

It depends on how much time you have to spend as you get ready to make the investment. If you are a more hands on do it yourself type person I'm sure you could find an agent but this will also include more work. If you want to truly be passive the turnkey option would be a great option but I would do lots of digging with the providers you're looking at. This route you would spend most of your time on the front end vetting providers and if it's a true turnkey company you work with they will hand hold you through the entire buying/managing side of things and do most if not all of that work for you. 
If you went the turnkey route I would definitely find someone that manages their own properties on the back end. This way there is mutual interest and they will be married with you through the longevity of the investment. 

I can't speak to SC directly but get ready to work. The toughest part is starting off but there are websites like REWW.com that can help you connect with buyers/sellers through either phone calls or direct mail campaigns.