All Forum Posts by: Alan Grobmeier

@Tyrel Rose, you need a real estate attorney.  Depending on the state, you might be able to do an Aitd (all inclusive trust deed).

Best of luck.

@Reggie Chau, have you ever been to Cleveland?  You may wanna check it out before you jump in.

Also, if you buy local, you can pm & learn the ropes.  If you buy in Cleveland, you will probably need a pm.  No bad stories there.  All pm’s are great!  ;-)  

You will want b/a properties to rent, otherwise you will have a new job.  New job title:  adult baby sitter.  ;-)

Stay close to home w the lower numbers is the real way to go

@David Brownschidle, you have a better chance finding a unicorn than finding a coc of 10% in the Phx area w buy/hold.  If you were able to find a 10% coc return, I would be willing to bet that the risks are so high that you would never hit 5% coc return.  Is that the type of investment you want?

Many multis have cap rates in the 5’s right now.  Valuations are thru the roof.  Even the ‘hood is pricey.

Good luck w your 10% coc.  Let us know how it goes.  ;-)

@Nadir M., if there is more than one bathroom/bathtub, it’s not an emergency.  That’s an inconvenience.  ;-)

Does Tucson have A/B properties?  ;-)

@Nadir M., the PM is ripping you off they knew you have a home warranty.  That should have been the first call. :-(

@Patrick Menefee, I think those rules work for the north/east states where property taxes are high when compared to property valuations.  If I used those rules in AZ, I’d be buying nothing but ‘slumlord’ properties, or not own anything.  cap rates >10% are like unicorns, they basically don’t exist today.  

@Nadir M., if you are ina major city, get a home warranty.  The prices are around $450 a year, $50+ for callout fees and no PM up charge.  ;-)

@DeJarian Dickson Graham, if you have never owned investment property previously you would probably do better if you set fire to whatever cash you were thinking about investing in Detroit.

There is a reason for low prices and high returns.  It’s called risk.

Best of luck.

I wonder is Clayton will have a YouTube on the benefits of immigrating to Portugal?  ;-)