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All Forum Posts by: Tim Robinson

Tim Robinson has started 14 posts and replied 54 times.

Post: Looking for Prop. Management recs., Houston and Albuquerque

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Thank you all for the feedback! Much appreciation for everyone who reached out with a recommendation and some guidance.

Post: Looking for Prop. Management recs., Houston and Albuquerque

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

@Davartay Miller thanks! I may be reaching out about Houston appreciate the feedback.

Post: Looking for Prop. Management recs., Houston and Albuquerque

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

@Davartay Miller thanks for the response! Do you guys manage properties that are not sold by REI Nation?

Post: Looking for Prop. Management recs., Houston and Albuquerque

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Thanks @Jens Nielsen! I’ve heard from @Joshua Christensen and look forward to speaking with him.

Post: Looking for Prop. Management recs., Houston and Albuquerque

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Hi All,

Anyone own property in Houston or Albuquerque and have a rockstar Property Management recommendation? I browsed the provider section but would love to be able to narrow down the search with some direct recommendations from satisfied clients if possible. I've had good luck with recommendations coming directly from the BP community, so please reach out if you have personal experience with good management companies in these cities.

Thanks in Advance!

Tim

Post: Turnkey Locations Offering Good Appreciation

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

@Nicholas Di Giugno you may want to take a look at Houston and Dallas for markets with good potential for appreciation with a modest price entry point (inventory is obviously incredibly low but worth tracking). I also just purchased in Birmingham and also like the appreciation potential up in Huntsville, AL. As others said, KC is a solid market too especially in some specific neighborhoods 

Post: First rental property: DC, MD or VA?

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Glad to hear you’re getting started investing @Leticia Otero! I agree with a lot of what many people have posted in response. I own properties in both DC and MD, but I have owned them for quite awhile and they have appreciated to a point where they now cashflow nicely. If you’re trying to get started in this insane market, it is going to be difficult if not impossible to get something that cashflows there, and MAY be better off looking out of state, even if it sounds a little scary;)

That being said, I want to echo some of what @David Fernandez said in his reply. I don't know VA That well, but in MD pay special attention to the taxes. They can be ridiculous, especially in special townships and cities like Takoma Park and Baltimore city, as well as rent control. In DC, I have been very fortunate with my tenants over the years, but the landlord laws you mentioned being favorable in VA are the opposite in DC even with the revisions of TOPA. There's also a lot of regulatory red tape, licensure and inspection mandates, and some weird lease restrictions.

I don’t say all of this to scare you away from the DMV, but just to set your expectations, I also own properties ion the Midwest and down south and they are exponentially easier to manage (even though I currently live in Europe) and cashflow much better. Either way, just do your research and you’ll be good to go. Good luck!

Post: Lenders for foreign investors

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Hi @Andrea Proeber, I can put you in touch with a lender that can offer some options for your foreign investors. PM  me and I’d be happy to connect you.

Post: Experience with Rent to Retirement Turnkey?

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

@Henry Chu I realize that I am just saying what other folks have been saying but I can add to the recommendations for Rent to Retirement. @Zach Lemaster has always taken good care of the clients we have sent to him and we have a client going to closing on a property with them in a couple weeks that couldn’t be happier with his experience. I would say you are in good hands.

Post: First property purchased - Living in Denmark

Tim RobinsonPosted
  • Realtor
  • Silver Spring, MD
  • Posts 55
  • Votes 36

Congrats @John Van Der Merwe! I love to hear of overseas investors running into the hurdle of not being able to get financing because they are not US citizens and just jumping right over them! No financing? I’ll just buy it out right and refinance later....Love it. Keep us posted on your journey!