All Forum Posts by: Brianne H.

Thanks @Mike Mocek , I'll have to look into some of those other programs. Are they mostly charity or faith-based groups that offer housing support or something different? 

@Tony Kim thank you for the insight, that's good info to know!

Hi @Ibrahim Elvis , I'm in the Calgary area. What type of property are you looking for, and around what price point? That will probably affect which areas to look in the most. Feel free to message me if you want to chat more. 

Hi @Account Closed , how thorough are the inspections? Not that I plan to keep the property in bad shape, but just wondering things like old/original windows in an older home - do they get picky about those and require replacement? 

I'm also wondering how the amount that section 8 pays is determined? For example, let's say you have a 3 bedroom place and it would likely rent for about $900 for the area. The Lucas Metropolitan Housing Payment Standards say $1,148 for a 3 bedroom. I know there's a portion of the rent that the tenant will pay, let's say $200 for example. Will Section 8 pay $700 ($900-200), $948 ($1178-200), or something else entirely? 

I've also heard in some areas that it takes several months to get the first payment from Section 8, is that usual? Do your Section 8 tenants typically stay longer and have less turnover? Sorry for all the questions! 

I'm an out-of-state investor in the process of getting my first property here, and considering going Section 8. I've never dealt with them before, and I hear every location can be a little different. Just looking for some insight on the good and bad of the program in Toledo. Thanks! 

@Marc Rice true, what I meant was more that locally if I can get a property stablized with $0 in, I'd more than likely be losing money every month. I'd probably be looking at and ARV of $350k-400k, and rent on something like that would be $1700, being generous. I just don't see a way to make those numbers work since at this point I'm looking for cashflow.

@Ramon Jenkins Thank you for the suggestions! 

@Drew Sygit Thank you for the suggestions. I like the idea of having an independent inspector too, and staying on top of everything as much as possible. 

@Raymond Temprano Thank you for the suggestions. I've been majorly burned by a contractor before on our personal residence, even with having a contract, checking references, etc so having someone well recommended is crucial. 

Thank you all for the replies! 

@Mike Dymski Yes, I agree, I know it's certainly not the easy way. The problem with my local area is that even if you get a deal and get your cash out in the refi, the monthly rent is maaaaaybe 0.5% of the ARV if you're lucky and cashflow is questionable at best, so that's why I'm looking to go long distance.

@Dan Portka Thanks for the tip! I will check into PMs. Do you have any in any particular area that you would recommend? 

@David M. Very good points, thank you. Trust is big, which can be hard sometimes because I have also been burned before. 

@Lawrence Minor Thank you for the offer, but I probably won't be in WI. Hope you're able to find someone local who you can learn a lot from! 

Hello all, I'm from AB Canada and looking to do long distance BRRRRs in the US. (I've done 4 local flips/developments.) I'm not married to a particular market yet, though I'm looking at Midwest or Southern states that are landlord friendly. I'm most apprehensive of managing the rehab aspect from a distance and making sure the estimated costs are correct, and would really feel a lot more comfortable having a local person oversee the project. (I expect to factor in this cost when running my numbers.) 

Does this service exist? By whom - property management, realtor, hiring a local independent investor, another investor/wholesaler that specifically works with long distance BRRRR buyers? What's the best way to do this, and how much would you expect to pay for this extra layer of management/oversight? Any recommendations? Thanks so much!

Based on the posts I see on a few real estate groups I'm in, it seems like the market is red-hot all over right now. Beyond the debate on whether or not it's a bubble or just supply and demand, I'm curious if anyone is in an area where prices may but up, but not so much that's it's difficult to find deals that still make sense. I understand people moving to warmer locations so I completely understand why those local markets are booming, but I also see a lot of rural, or "unsexy" markets taking off too. Thoughts and experiences? 

Hi @Jason Shackleton, I'm just outside of Calgary. I'll message you!

Thank you @Jonathan Leblond! @George Despotopoulos I will message you, thanks!