All Forum Posts by: Aristotle Kumpis

I have a relationship with a good company that specializes in Cincinnati and Dayton. They offer properties and property management. I think they have about 60 people that work in the management office, and they manage close to 2,000 doors. They really know the market there.

For long term growth, you need to consider where the jobs are growing and going. The 1% rule means nothing without solid jobs and a good local economy. Sure, you can buy cheap houses that have a 1% rent to value ratio in places where there is not much growth. But then again, you do make your money in appreciation. Not in cash flow.

Hey Lenny. I have a few that I can refer to you. They are based in CA as well.

I'm have been a client of Anderson for 5 years now. They are great to work with. I have no bad experiences with them. They have a large team of people to help with everything when it comes to entity formation and tax stuff. I am happy to put you in touch directly with my business advisor there if you want.

You most likely will not be able to finance. Most countries do not have a way that a U.S. citizen can finance. Why not just find a STR in United States? There are plenty of good areas, and you can put 20% down.

Every real estate attorney I know will tell you that you should have an LLC in the state were you own your rental. So if it's Alabama, you will need to form one there in order to get the best legal protection.

Hey Craig. Just curious to know what the insurance costs are in that market. I'd have to guess that it's expensive due to the proximity to the coast.

You could 1031 into something more passive like a DST. I know a handful of people that like them. And you can choose a property that is not in California. Another option would be to 1031 into something like a Taco Bell that is a NNN.

Maybe you should expand your search to other markets. NJ and NY are quite expensive. I have a partner selling brand new 3 and 4 unit properties in the $600K range near Nashville. B class area and brand new. They do cash flow too. So consider looking in markets that are more affordable. North and South Carolina should be something to consider as well.