All Forum Posts by: Dan Hilton

@Kevin Nalley and @Allen Hayes I'm also searching for a REA in the Louisville area if you don't mind sending me a PM with their contact info as well.

Thanks!

Thanks for the informative response @Darren Sager. Is it as simple as asking the agent to acquire the Schedule E form from the seller (assuming no direct contact with the seller)?

Hey BP!

Beginner question about getting the financial statements from the current owner regarding their rental property. When is the best time to try and acquire this type of information? Specifically is this information that you can (and want to) request prior to making an offer? I understand that we want to analyze the deal with our own number/research. I'm curious from the perspective of pointing at the owner's pro forma to justify a low-ball offer.

Thanks,

Dan

Hey Louisville BP!

I've got my eyes on my first HUD home purchase but I'm unfamiliar with the purchase process. I'm looking for an experienced HUD broker who's willing to guide me through the process. If anyone has any referrals I'd greatly appreciate it!

Thanks,

Dan

Good point @Alex Hamilton there's no reason for bigger companies to decouple their custom systems to use a larger, singleton network. I hope there is more integration of available data with day to day tasks like getting a notification when you walk by a house that's been on the market for over X days, or under $X, etc. But meaningful data is almost too valuable to share publicly.

I like the idea of automation that a few of you guys mentioned. If you can get a robot to paint a unit for a fraction of the price of a contractor then why wouldn't you choose that route. @Joe Splitrock, Rently seems like an interesting product, cutting the middle man out will obviously cut down from the bottom line. On a similar note, I think there will be more realistic virtual tours that will come out as the technology for VR is improved.

I agree with @Meghan Rowe, there are excellent resources readily available as @Ray Hespen has pointed out (thanks for the links btw) but the 'next big thing' to me is something more centralized and linked. Imagine using one tool that can encompass property management, tenant screening, contractor work, financial reporting, etc. I envision one platform that interfaces with third party apps so that you just need one login to access other software products. The beauty is that it doesn't have to be all encompassing by itself as long as other companies are willing to interface through it (but gaining access to third party products is the most difficult aspect I presume).

@Russell Brazil- Cool, what ZIP code(s) are you primarily looking/buying in? Also do you invest in SFH or MFH? Sorry for all the questions, I'm just curious to get a better idea of how investors are thriving in this market. Especially because I live in DuPont so I'm mostly exposed to large corporations dominating the market.

@Tony Sepassi- Thanks for the suggestion, I've looked into that a bit before but never fully researched it. What kind of REI do you do in the area?

@Russell Brazil- That's encouraging to hear, what kind of properties do you look for/have in your portfolio? 

Hey DMVers,

I am an aspiring investor looking to break into the buy and hold market. I've been looking at properties in the greater metro area through the MLS for a few months and it seems impossible to find deals in this region (at least through public avenues like the MLS). This made me curious how people are obtaining deals around here and what type of investing strategies others are using to make money in this region.

All input is welcome!

Thanks,

Dan

Welcome to BP, @Jared Yates! This site is a great place for REI education as the amount of resources are almost overwhelming. Do you know what type of REI you want to get into or what market you're interested in? Being specific about your plan and goals will help others help you.