All Forum Posts by: Joe Butcher

I have been investigating the possibility of buying a rental property out of state.

If you are an investor who has bought out of state, what informed your decision?

Jobs? Economy? Population? Cheap deals? Unsaturated markets? Inventory?

Lets hear it, y'all.

Hello Cody and welcome to BP. New investor here. How did you find that first deal...was it through an agent/MLS or through other means?

Maybe @Jon Klaus has some thoughts to offer?

I have used the Shur-Line edger quite a few times. If you load even slightly too much paint on it, or put the wrong amount of pressure on it, it will run out and make a sloppy edge. You should practice with it first to get a feel for it. Even then keep a rag handy.

Personally I prefer tape......the green Frog Tape is way better than blue tape, albeit more expensive and produces better results.

You could do it like the pros and cut in. http://www.youtube.com/watch?v=GPuhH8KHwQw

I did the last room I painted like that and it came out great....you just have to be focused.

Have you searched youtube for "how to buy foreclosures?" Theres a ton of videos there. Theres quite a few forum posts here as well.....just use the search function at the top of the page.

Buying foreclosures seems like a lot of time consuming work.

IMO it is easier to buy from a wholesaler (if you have cash) or buy via Homepath or HUD.

Any investors in the DFW area who buy/hold mobile/manufactured homes?

I am considering this as an option and am not quite sure what areas to be looking in....any input would be appreciated!

Thanks!

Welcome! I am a newbie as well and I have found this site to be about the best source of knowledge for REI's anywhere on the internet.

Good luck to you in your endeavors.

Thanks Chuck....that cleared things up a lot.

So if I were interested in a property from a wholesaler, would I be using conventional financing? Are most wholesalers looking for cash?

I would imagine that if it were conventional financing I would need more than just pre-approval, correct? i.e.: have the money in the bank?

Would a conventional financier loan money on a property from a wholesaler?

Maybe @Jerry Puckett could chime in here?

Thanks

Phenomenal meeting! When are we doing this again?