All Forum Posts by: Ali Boone

Hey! I do have contacts down there now, but I only met all of them after investing myself down there originally, and that deal I believe I found in a RE magazine of some sort? Some kind of flyer/advertisement. That ended up being my first official RE investment! Strangely enough...kind of started out the hard way :) I love it down there tho. It's really an investor's paradise right now!

LA! And better yet, South Bay! I live in Venice but I coach youth rugby girls and a lot of them live in that direction and we travel there for games a good bit. I also did some flying a couple days ago over South Bay.

Welcome to BP. You're definitely not too late. It's not quite the extreme deals, rental property wise at least, as it has been the last couple/few years, but deals are far from lost.

Florida, Air Force, and Atlanta...some of my favorite words! I ws born in Ft. Lauderdale, grew up in Atlanta, went back down there for work for a short time, then worked for Lockheed, a lot with AF guys and my dad is retired AF.

Happy real estating and learning! Just keep studying, reading, and checking out seminars and such and whatever it is that resonates best with you will come to you.

Which part of Fayetteville is it in? North or south side? I grew up there and delivered pizzas for Papa Johns there... I know the roads :)

Can the property you own now that cash flows well cover the payment on this one should something happen? You're also talking about a duplex, so the odds of both sides flopping at once is less than if it were only a single-family.

The numbers are close, but my recommendation would be to go for it because the opportunity to get that seller-financing and with those terms is insane! I wish I could find that for myself! I'd hate for you to lose that. My recommendation would be to save a few months' reserve from the cash-flowing property and from this one when it is rented, so you have a nest egg to go off of in case of emergency.

Unless this is in a high-vacancy area, then it may be too risky. But if it should rent easily, you could be fine, just have to be strategic about it.

If not, pass it on to me, I'll take that seller-financing deal :)

Hey Nils, yeah unfortunately that will be the case anywhere. It's hard to find agents who work with investors. Even the ones who say they do often times don't know much about the investing side.

What are you trying to do in Atlanta? I'm from there and have done most of my investing there. Maybe I can help.

Hey Antonio, I have bought several turnkey properties and have done really well finding good providers. I've had a couple not-so-hot ones but recovered from those fine and learned a lot about what to look for in a company. There are some really good ones out there!The key things that matter are 1. the market, 2. the property quality, and 3. the property management. If any of those three suck, you could be in some trouble. Nail those 3 out, and you should be good to go! I just wrote an article today that will get published this weekend about due diligence on turnkeys and how to protect yourself when buying turnkeys.

Mason, no actually realtors are not your best bet. Realtors mostly only deal with primary home buyers and very little with investors (and if one tells you they deal with investors, be leery and find out for real how involved they are. They will all tell you they are). Realtors typically don't understand what makes a good investment property, and they also don't know anything outside of their own market even if they did know a good investment.

I only deal with unlisted properties and private buying channels. No realtors, no agents, no anything. They can come in handy for their MLS access, and there may be an exceptional agent who really does focus on investments, but you want to talk more to other investors who buy in various markets and see who they go through and where they get their information. Once you hone in on a market, you can definitely talk to property managers about their experience renting in particular areas.

Hey! You bet. You can order my a pizza to be delivered to my house :) Just kidding. Shoot me an email (address in my header name thing) and we can talk more there.

Glad you figured out it isn't worth that much! As soon as I get that hunch about a property, I stick with it. Sounds like it's true in this case for sure.

Totally depends on what strategy you are wanting to do, but if you just want rental properties, everyone I know is heading for Chicago and Houston right now, some people are still finishing off in Atlanta, Indy and Memphis, and Charlotte is still pretty strong. Dallas is picking up as well. Unfortunately Colorado Springs (I have family there), or anywhere in CO, isn't going to pocket you a lot. AZ is tough, and so is NV.