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6 March 2024 | 12 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.
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4 March 2024 | 46 replies
No legitimate company will speak to someone like that.
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4 March 2024 | 1 reply
Does anyone know a good lawyer and a good title company to help write up a purchase contract and complete a seller financing transaction in Davenport Iowa?
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4 March 2024 | 1 reply
Any recommended companies/people who would be able to assist with handling such transaction?
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4 March 2024 | 10 replies
Very hard without the LLC not holding assets for collateral.There is a trick out there with getting company credit cards and then going to a company who will cash you out of those cards and those cards usually hold a very low APR or no APR for the first 12 months.I know someone who got 150k like that, BUT, what if you blow that money then you have that debt hanging over your head.
5 March 2024 | 26 replies
I live in Seattle but started in 2020 by buying in Memphis through a turnkey company where prices were much lower.
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4 March 2024 | 4 replies
Unfortunately I don't think I can get checking accounts with these companies.
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4 March 2024 | 1 reply
I have a management company and I personally invest myself as well.
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2 March 2024 | 3 replies
When renting long term to a company to arbitrage your property as a STR, how does this affect the rent value?
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4 March 2024 | 8 replies
You can learn to scour through the county records or you can establish a relationship with a title company to run preliminary searches.