I am an RE investor from boston, Massachusetts. I want to invest in Des Moines Iowa, and need advice from local investors. I am looking for, RE attorney, property management, contractors. Any preference would help.
if you cannot find someone on BP that is from Des Moines, maybe start with a realtor in that area. They will have contacts. Call a handful to find one that may be good to work with and go from there. Your team will probably evolve over time anyways.
Best of luck.
Hey all, first post for me! I am located in Clive,IA which is a suburb of Des Moines.
I have a rental property (4 units) I use a company cslled Real Property Management. They seem ok. They just changed their fees a little bit. In addition to a 10% monthly rental fee they now also charge 50% of first months rent. I am altering my lease structure to 15 months instead of 12 to help that a bit.
Contractors I have used include Superior. Josh Spencer heads this up. They will do door installation all the way through building a custom home. I have also used Chris Hunt with Double D Construction. He is a one man outfit but did good concrete work for me.
Welcome. Time to build the foundation below.
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Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.
To find out about an area go to IREM.org search for ARM certified property managers. Call 5 ask them what sides of the city they like/dislike and why. Ask what they see them selling for and what expenses are by category. Ask for market occupancy and rents. Ask if they know anything coming up for sale.
You can also search narpm.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Thank you I will look into it, I am a newbie but I'm so into RE, don't know where to start. I am new to forum and try to read as much as I can.
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