All Forum Posts by: Ana Hyler

I have the same questions with a concern....I have a full time job and have been doing real estate on the side for several years....but, I'm afraid I will never know when to dedicate my FULL time to it. I want to everyday...but don;t have the courage to take the risk. If I don't make the same as my full time job...we (my family) will be in trouble.

You know you're a real estate investor:

When the cops know you so well, they come at your house to pick up a key so they won’t break the door down at one of your properties.â€

so Rich... Who manages the properties for you... It seems like you just get the map out and pick a state... my fear in that sense is "management" and not really knowing the areas in those unknown cities for me.

Anson, I guess in my area....these properties are not very popular with the Home buyers...but I get your point...those would be priced for lower/mid level first time buyers. Thanks !

Mike OH, I understand your point also....Rental business...not sale business. I am just trying to think of a possible exit strategy before going in. I don't plan to sell my rentals for years and years to come...not until they are all paid off and I'm ready to retire.

Thanks !

I have heard about it on the news about a month ago...Is it easy to recognize by the smell ? What does to look like....smell like?
Gypsum drywalls....are looking into it as far as I know....There's just nothing to do about it. I pray to God that non of my properties are affected by it.

Mike OH, you mentioned on another post that you buy more of the middle/lower end locations because those are the rental areas. I wanted to ask you...do you see a problem in selling those properties in the future? I mean....those are mainly rental areas...and when time to sell comes....it's more difficult to sell. I have 4 out of 7 SFH in rental areas and I come across more possible good deals... but I'm afraid to get stuck with a property when I want to sell it.
I appreciate your advice.

Yes, I was able to finance all of my rentals....so far so good. It really all depends on the relationship you have with your loan officer...they have to know and trust what you do....it's a trust based relationship.

I run into the same issue...
The houses in lower end areas are selling for 40-60K renting for as much as $850 with good cashflow potential. The houses in betther areas...I cannot buy anything for less then $125K and they rent for $1000-$1300... almost no cashflow left. BUT...I buy both....I have 4 in the lower end areas and 2 in the higher end.... When it comes to appreciation...the more expensive ones will win ! That's what I do anyways.

What would you diversify in beyond real estate?

I lease to students and although the parents are not on the lease because the students work and pay their rent, the parents are always involved. The students are the ones making the demands that everything is perfect, but I know the requests are actually coming from the parents....so what I'm trying to say is....the parents might be involved in the lease anyways so might as well add them in the lease.