All Forum Posts by: William Roberts

I just recently got a real estate license in Montana. I am looking to help people find their next homes as well as hopefully help people find rental properties. 

My goal is is to learn how the process works and eventually begin to invest money in rental properties. 

I have been interested in this topic as well. Being in the military I have seen several people purchase homes either long distance or purchase homes in the local area then move away. From those that I have talked to the key is to get a good deal and then find a trustworthy management company that keeps open communication with you as the owner.

I have not asked about how this would complicate taxes and whether or not an LLC would make things easier or more complicated come tax time. Ive been told that If you own rental properties that are geographically separated that it may be worth the money to hire a professional come tax time.

good luck

I am looking to buy my first real investment property. I have already purchased a single family home that I am currently living in and purchased it thinking I got a good deal (which it was for a primary residence but not necessarily the best for renting)

I have had my eye on a few duplexes and wanted to know. If I make an aggressively low offer on a house or duplex, if the owner thinks it is too low are there any negatives that could come out of this besides a simple rejection?

If the seller was offended, is there was any action they could take against an aggressively low offer with no contract? Id like to start my investment career with a great deal but wasn't sure if being too aggressive with an offer could have any negative consequences on my fledgling investment career.

Thank you

Thanks!

 I am originally from Louisville KY and am in Great Falls for the Air Force. We actually bought a house in Great Falls and plan to rent it out soon so hopefully this will count for the property that has longer term tenants.

The reason I planned on buying there was so that when we go back to visit family or friends we would be able to check in on the houses in person.

I am looking to start purchasing houses to rent in the near future and, currently, I am considering purchasing in Louisville, KY and wanted some feedback on the type of property to invest in.

I was wondering what people experiences have been with starting in real estate investing by purchasing cheaper older houses expecting a higher turnover rate vs. spending a bit more and trying to find longer term tenants .

I have thought of pros and cons of both but I am considering starting out with cheaper houses and eventually, after having several units, purchasing more expensive units to try to get more long term tenants.

cheaper houses higher volume pros:

1) allow me to pay off the property sooner

2) allow me to purchase more units faster

3) Easier to afford if unit goes un-rented

cons

1) higher maintenance costs due to age of house

2) higher turnover rate for tenants due to proximity to college campus

3) depending on property manager, turnover rate could drive up the cost of management

more expensive, lower volume pros

1) lower maintenance costs

2) possibility of lower turnover if long term tenants are found

3) nicer houses allowing higher rent

cons

1) would take longer to save up to purchase

2) possibly more straining to pay mortgage if unit goes un-rented

3) possibly lower profit margin due to higher mortgage payment

I know there are many more pros and cons for both but those are the top 3 of each for me.

Again, I am leaning towards first investing in cheaper houses to be able to pay them off faster and purchase more units down the line. the goal is to own both types of properties eventually to diversify.

I just wanted to know everyone's experiences, ideas and maybe if you have had better profits with renting houses in volume  vs lower volume higher quality unit rentals

Hi everyone,

I am looking to start purchasing houses to rent in the near future and, currently, I am considering purchasing in Louisville, KY and wanted some feedback on the type of property to invest in.

I was wondering what people experiences have been with starting in real estate investing by purchasing cheaper older houses expecting a higher turnover rate vs. spending a bit more and trying to find longer term tenants .

I have thought of pros and cons of both but I am considering starting out with cheaper houses and eventually, after having several units, purchasing more expensive units to try to get more long term tenants.

cheaper houses higher volume  pros:

1) allow me to pay off the property sooner

2) allow me to purchase more units faster

3) Easier to afford if unit goes un-rented

cons

1) higher maintenance costs due to age of house

2) higher turnover rate for tenants due to proximity to college campus

3) depending on property manager, turnover rate could drive up the cost of management

more expensive, lower volume pros

1) lower maintenance costs

2) possibility of lower turnover if long term tenants are found

3) nicer houses allowing higher rent

cons

1) would take longer to save up to purchase

2) possibly more straining to pay mortgage if unit goes un-rented

3) possibly lower profit margin due to higher mortgage payment

I know there are many more pros and cons for both but those are the top 3 of each for me.

Again, I am leaning towards first investing in cheaper houses to be able to pay them off faster and purchase more units down the line. the goal is to own both types of properties eventually to diversify.

I just wanted to know everyone's experiences, ideas and maybe if you have had better profits with renting houses in volume  vs lower volume higher quality unit rentals.