All Forum Posts by: Gary Dezoysa

Good to know, I'd have thought living on the other side of the world would be a black mark for sure. I guess I'll test this out and see first hand.

Originally posted by @Wayne Brooks:

Absolutely useless and counter productive.

Ah, ok. If living out of country, would you try to deal with a bank directly or is it too much of a flag to be that far away (in which case I may fly back to deal in person, but at a fairly high cost)

Hi, I am a US citizen living in Asia. I've heard it may work better to hire a lawyer to arrange financing, than fly back myself (target area still undecided, leaning towards OH or IN). 

Anyone know about this? What are the benefits, drawbacks, and costs to using a lawyer for getting a conventional bank loan? Thanks

Hi, I'd like to establish an auto-bill for rent payments on the tenant's paycheck paydate. The first month he may pay a pro-rated amount. My question is about dealing with property managers. Are they generally open to client/owner stipulations like this? The PM would help the client setup the auto-billing. If PMs are not flexible in this regard, can I tell them I'd like to handle the tenant onboarding over the phone, and have the PM handle the other aspects as usual (including showings)?

Hi Dorothy, I was just asking in advance of doing this, I thought it might help speed things up. Thanks for your feedback!

i have been leaning towards yes. My reasoning is it simplifies research, allows me to use one manager that hopefully is good (may take some trial and error), and may allow for an occasional checkup trip (these would be fairly rare though).

Anyone else buy remotely? Do you like buying in the same area, or do you buy all over?

Hi, I have a question for investors who invest remotely and buy sight unseen with an inspector's report doing the heavy lifting in terms of property condition assessment. Do you focus on properties with little to no repairs? That is what I am thinking is most viable, but the tradeoff is less of an equity cushion when you buy since its turnkey or close to it. Thanks for any thoughts.

I don't think it would be a problem but don't want to make assumptions: if I do craigslist advertising or other things to help find tenants for a property I own that is being managed by a company, is that ok, or a possible contract violation? I would not ask for free reimbursement or anything like that, I just want to help fill the vacancy a bit faster.

I'm not that interested in marketing timing other than getting a sense of when risk is relatively high (due to very high prices). I look at the case shiller index to get a sense of this: http://us.spindices.com/index-family/real-estate/s...

Are there any other things you guys do to avoid risky investing periods?

Hi all,

Let's say I'd like to build a portfolio of 25 SFRs in a median income area with plenty of 3/2 1,300 sf houses. If I'm looking at midwestern markets, is it a fair bet that the area with $60,000 houses will have low appreciation potential and another area with $100,000 houses will have better potential? Or is this not a good shortcut mindset to follow?