All Forum Posts by: Alan Grobmeier

Why would anyone want to be ripped off TWICE?  

Hi Erin. The book was Landlording on Autopilot by Mike Butler.  

GREAT meetup.  Look forward to more!

Thx, Alan Grobmeier

@James Wise, just think.  If Clayton had concentrated on B/A properties in Phoenix (like the hedgefunds are now) after the market crashed in 2012, where would he be today?  Answer:  Not Portugal.  ;-)

The real question is when does Clayton get his day in court?

I'm somewhat surprised that someone hasn't tracked him down in Portugal.  He must not get out much.  LOL.

@Ryan Moyer, in my original post:  Don't invest in broke(n) states.  

I did not completely define anything other than my opinion.  Most investors recognize the states which are broken as far as being in real estate.

I don't see where my topic is 'off-topic'.  The OP is asking about real estate, I'm telling him what I think he should avoid.

Have a nice day.

@Ryan Moyer  New York is STILL under an eviction moratorium.  Hence, it's 'broken'.  If you want, I can go thru ALL 50 states for you.  ;-)

Don't invest in broke(n) states.  Those include:  Michigan, California, New York, Oregon, Washington, to name a few.  If you do, you will shoot your eye out.  The Fed & these states in particular, will be the first ones broke.  Where will the $$ come from when they are broke?  Your property taxes.  ;-)

Florida, Texas, & 'Bama are your best bangs for the buck.

@Inna Piskorska, hopefully you have a 'catastrophe' clause that lets you out of the lease gracefully.  I've found that flood situations are not usually covered by insurance unless you have separate flood insurance.

Otherwise, it might be as what Kenny said above:  You might be responsible for finding alternative housing while the issues are being remedied.

Best of luck!

@Darrell D., that's an easy one.  Limo's, jets, drunken orgy parties, hookers & blow.  It's G-RRRRRRRRR-E-A-T.  My inner Tony the Tiger got out again.  ;-)

@Melissa Aughavin, you realize that $hit happens, right?  I would NEVER write a 3 year deal on day one.  Too many things can go wrong here.  What happens if they call you EVERY week for something?  EEK!  

Take the best applicant for ONE year.  If you want them for 2 additional years AFTER you've had some experience with them, that's great.  Raise the rents on the 2 year deal.