All Forum Posts by: Teresa Buchanan

Thank you, Joseph! I look forward to working with you!

Hi everyone! I am spending a lot of time analyzing deals and trying to find my first market/investment. Is it possible to hire an ethical, expert re professional to walk me through this process? I want to make sure I'm not missing important details that only someone with experience might know. 

Thanks!

Teresa

Bradley, thank you! How much experience is required and what terms are typically offered?

Hi David. I honestly know nothing about this type of investing but would love to learn. Thank you for the offer. I would like to take you up on that. 

My intention was to buy outside my home state and use property management but I don't really consider that to be passive. 

Hi Bryan, 

Thank you so much for replying to my post. I very much appreciate you taking the time. 

The truth is both types of investments are very appealing to me but at this point I only have experience with sfh. My personality type is an all or nothing sort of thing. With that I'm most attracted as many units as I can get at one time. I do understand the advantages/disadvantages of each. 

The numbers are where I'm struggling. In my simplistic example it appears I can achieve the numbers I desire by longer financing terms and less money out of pocket. So that is where my inquiry lies, numbers. My question is (more concisely) which route will get me to 50 units the fastest knowing I need to repay my self (my initial down pmt) in order to buy the next investment. 

Thanks!

Hi!

I thought I had it all figured out. I was going to invest my money in apartment buildings and use my cash flow to buy more apartment buildings. Now I'm not so sure.

Let me back up. My goal is cash flow. I'm interested in buy and hold properties. 

I'm wondering if it would be a better strategy to buy multi units small enough that would qualify for traditional mortgages with the advantages being lower down pmt and longer terms. 

This my example-If I have 300k I could buy one $1m investment and I would then need to pay debt service and hopefully pay back my initial 300k investment in a reasonable amount of time so I could repeat the process. 

Example 2-The same 300k, used for three 500k small multi units, 20% down instead of 30%,longer term means I pay myself back faster ..,

I'm missing something, right?

TIA!

Ali, fantastic! How do you research properties for purchase? Do you travel regularly across the country to check on things? are your properties spread out or do you have them in one area? 

Thank you for sharing and insight.  Right now I'm reading everything I can to educate myself. Any suggestions for books on buy and hold real estate investing? I am currently reading the Brandon Turner book on rental property investing. 

Thank you for your story. That is very helpful. Did you end up keeping the property? Making changes to management, partner, etc? if so, were you able to turn it around and realize profit?

Hi. I'm new to Biggerpockets. My intention is to buy rental income property. I live in the SF Bay Area where re is prohibitively expensive for most, including me. I own my primary residence here but was thinking about buying rental property in other parts of the country with up and coming markets. Is it unreasonable to buy something 1000 miles from where I live and have a property mgmt company handle the day to day?