All Forum Posts by: Daniel Kim

Are you buying in cities near to the Seattle area because you are going to manage the properties yourself? Have you already found the bank to give you a HELOC for the paid off single family rental property?

As much as California prices are ridiculously high compared to the Midwest, South, etc., I would probably want to learn the ropes with a property close-by, at least in driving distance, before going out-of-state. Real estate just has so many running parts/things that can go wrong (realtor, property manager, contractor, etc.) that you really want to know what you're doing before giving feeling helpless thousand of miles away from a property...

Sounds like a good plan. Where do you plan to buy multifamily units?

@Jared Smith

I haven't bought in the Phoenix area yet but my go-to real estate agent out there is @Jared Smith

Oh man thanks for reminding me lol... I'm such a procrastinator when it comes to taxes. I don't know if my agent's referrals will work for that one - I'd want to find an accountant who has experience working with out-of-state investors. I might hit some up on BP actually...

I found a real estate agent I trusted first. From there he already had a lender, property management company, lawyer/title, contractor/handyman, etc. that he used frequently...

Have you tried Penfed? I opened an HELOC on an investment property over the summer.

My real estate attorney is named Kurt Mueller, based out of Towson.

Hi Briana,
I'm no expert but I'm in the same boat as you. I live in Southern California and am about to close on my first out-of-state property in a few days - I fly to Baltimore tomorrow. Let me know if you have any questions and best wishes on buying!