Gurjot Grewal
What to look for when visiting long distance investment city?
7 September 2022 | 10 replies
Many OOS investors set themselves up for failure because they don't truly take the time to 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.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
James Hixson
Michigan seem like a good 4 season rental market. Please convince
18 September 2022 | 2 replies
Many OOS investors set themselves up for failure because they don't truly take the time to 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.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
Joe B.
Am I doing RE investing wrong? (or not as efficiently)
30 September 2022 | 10 replies
Each decision you make, as far as what to buy and when, will be based on the specific step in the timeline of your Plan, and how a particular market, working with a specific strategy in that market, on a specific property in that market, will deliver the criteria that comes from where you are in the timeline of YOUR plan.
David Caradonna
My first Investment Property
7 September 2022 | 0 replies
I instantly replaced the HVAC system as we are in South Florida and it was over 10 years old.
Sariel Fu
First time out-of-state rental property investment
18 September 2022 | 19 replies
Many OOS investors set themselves up for failure because they don't truly take the time to 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.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
Steve S.
First time a tenant has failed to make rent. What to do?
3 November 2022 | 21 replies
You have to wait a statutory amount of time before you send/deliver a notice that starts the eviction process, then there are further steps to follow.
Abdul Azeez
Need some input of disbursement of funds
8 September 2022 | 1 reply
My closing company received all my documents on Sep 7 (since I am out of state and Fedex picked up on Sep 6 and delivered to them on Sep 7) and passed on to the buyer's attorney and informed me that all documents are fine.
Christine Edwards
Convert the add for a duplex to be recognized by USPS?
9 September 2022 | 2 replies
It really is up to the USPS, as they will NOT deliver to an inadequate or unauthorized box.
Kevin Bonner
Motivated for out of state purchase
18 September 2022 | 26 replies
Many OOS investors set themselves up for failure because they don't truly take the time to 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.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
Liam Smith
Looking for advice on making a move on my first property
20 September 2022 | 7 replies
The way this works is you find a market where the properties in that market, paired up with a specific strategy (or more than one strategy), will deliver the financial required criteria from where you are in the timeline of your financial plan.