Account Closed
The next big thing in Middle Tennessee
21 July 2024 | 15 replies
Seems like there are plenty but hard to tell which ones are reputable.
Deepak C.
Realtor for tenant placement in San Diego
20 July 2024 | 5 replies
I am trying to find a reputable realtor / agent who will help me place tenants, but also be able to help with semi-annual / annual walkthroughs (for a fee of course).
LUIS M SANCHEZ
Dustin Hans course
20 July 2024 | 12 replies
There is always a wealth of information on the web for FREE.
David Charles Edwards
Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
My best advice would be to to look at quality sponsors that have a track record to back their reputations.
Karolina Powell
Questions to ask when touring a multi family
21 July 2024 | 12 replies
Thanks Hi Karolina, I meant to comment on your previous mixed use post, provided 50%+ residential and 85% occupancy should be several reputable lenders that can provide workable terms.
Neil Narayan
Elon Musk plans to move X, SpaceX HQs to Texas
22 July 2024 | 37 replies
This is true but 1) the problems in LA has extends beyond the city's core and 2) the city's core is essential for the city's reputation, which in LA has nosedived which will make it harder to lure in new companies or even keep ones there which are considering moving.
Zack Hellman
Out of state investing (Newbie)
21 July 2024 | 15 replies
Thank you for your email I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors.
Courtney McCall
If you could start a property management co. from scratch…
19 July 2024 | 12 replies
Your competence will ultimately drive your reputation.
Darrell Kirby
Buyer backed out after closing
20 July 2024 | 21 replies
My agent is from a reputable firm (KW).
Grant Stepanic
10 Steps To Take For Out Of State Investing
18 July 2024 | 2 replies
Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time.