You would be putting too much risk on a new area that may or may not work.A 4-unit property has 4 furnaces so you could have 4x the cap ex as a single-family on mechanicals.

I started a real estate business with the focus on educating others on the value of homeownership.

We obviously handle the ones near us in-house, but hiring someone in another market to work one day a month is a bit of an odd task.My guess is that remote property management companies need to have a sort of Swiss-army-knife person in the area that can do many variable tasks for them and works on an hourly basis as there may not always be things to do, but I don't know that for a fact.How do remote/long-distance property management companies overcome the challenges of not being in the area?

I am curious if any of you have some good intel on getting started with section 8 in the indianapolis area.

I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes.  

@Daniel Correa Welcome aboard and Congrats on your pre-approval—that’s a huge first step! 

Hello everyone, Wanted to know some of your thoughts on this situation I have. 

I’m considering getting a HELOC for a down payment on another property.

If so, what were your initial investment, return, and overall thoughts on the experience?

Are there lenders that will do a cash out on a property with no mortgage?