All Forum Posts by: Greg Parker
Greg Parker has started 2 posts and replied 601 times.
Post: Looking to network/partner up.
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Contact
Post: Out of state investing
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Either should work. Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state. That is how it is in Alabama. That may differ by state.
Post: Rookie question on negative cashflow investment
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Negative cash flow is not bad. As others said, if you have good equity and could sell if you get in a bind, you are ok. And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. And, appreciation is always a nice bonus.
I assume a long term hold is your plan.
Post: Diligent and Determined Rookie!
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Post: Scaling out of state while busy working my W-2
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Post: Sign on rental properties yes or not?
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
I agree with Caleb. Depends on the area. B- area or less, the sign notifies the neighborhood thugs that the house is vacant. Not necessarily squatters, but vandels, kids, appliance thieves.
Post: Scaling out of state while busy working my W-2
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Yep, gotta have a great PM that will not only handle the management, but coordinate renovations, turnovers, aquisitions.
Go meet them, look at a few of the properties they manage, ask about their systems, processes, etc.
Post: Hot mess with a renter/squater how to get hew out ASAP
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Sounds like my x. Is she less than 5'6", has an A or an E in her name, stomach issues, anxiety, and depression?
Post: Hot mess with a renter/squater how to get hew out ASAP
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Thats a mess. Find her a new boyfriend she can move in with. Pay him cash.
Post: Hot mess with a renter/squater how to get hew out ASAP
- Realtor, Contractor, Property Manager
- Montgomery AL and Dauphin Island, AL
- Posts 653
- Votes 530
Yep, lawyer. And, then offer her some cash to sign the paperwork.