All Forum Posts by: Baha Acuner

@Taylor L.

How do we join Chesterfield REIA ?

I just made an offer to a SFH in the city limits. That is my first.

@Besnik Kadriu

Not an app but I have been pretty big fan of apartments.com

I own two single family homes and the website manages everything. The tenant pays the rent through their bank account. I can keep track of the expenses. I am a newbie on this thing as I have been a landlord for less than two years but it is still working for me.

@Johnny Awwad

I have been using apartments.com for my 2 (soon to be 3) properties. It’s free and they also process the rental information. No need to track down payments, the money goes into my bank right away and reporting / expenses are pretty cool.

I have been investing in the Richmond,VA area on some single family homes. Recently I have run into a very nicely priced duplexes in Newport News area.

I haven’t done any duplexes before, but I like the idea of investing in a building where one unit pays the mortgage and the rest is cash.

Do we have any people from that area that can give me some pointers about the neighborhood?

Thanks

@Travis Lewing

I recently looked at apartments.com yes , the website that you look for rentals.

They have a great portal for owners. Rent collection is done through ACH. All free.

@Kenneth Garrett

Thank you.

Do you all think this will be a repeat of 2008? I mean 30 million jobs lost and we still have people buying like there is no tomorrow.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $220,000
Cash invested: $6,600

I bought a house then I started to rent it out

What made you interested in investing in this type of deal?

I used to live there and moved to Europe

How did you find this deal and how did you negotiate it?

Through real estate agent

How did you finance this deal?

FHA loan

How did you add value to the deal?

None

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes

I have been renting out my property that I used to live in for two years now. It is in Richmond, VA area.

I have been pretty happy with it and been saving up to buy the second property for last year. 

Now , Covid hits, the real estate market goes insane. Almost the same level of insanity like it was in 2007. 

I want to invest in the same location as the first one, becuase I am familiar with the market. I cannot necessarily do the BRRR method , as I live overseas. Cannot deal with a contractor to get the place fixed all the way from Europe.

Cannot go to the courhouse. How am I going to get the properties for pennies on the dollar when there are cash buyers all around that can walk in and close the deal. 

So I have been shopping for houses trough Redfin and zillow but they are gone in a matter of days. 

Last week, I put an offer to a place with good income potential. It turned up being a dump after the inspection was done. 

I read people having multiple properties here. It's nice. is there a mentorship program through Bigger Pockets ? Sort of a way to show the way to the people like me, who cannot find the next deal. Tired of watching countless hours of YouTube bigger pockets and not being able to know how to approach the house hunt from overseas?

https://www.synchronybank.com , no minimum balance requirement. I currently get 2.5 % on a money that I am parking. I know it is lower than inflation but it still is something.