All Forum Posts by: Jacoby Atako

@Kenneth Garrett I'm REALLY intrigued by that. Can you tell me what issues you've run in to? Or what to look out for?

@Jonathan Greene I like it. Thanks

@Terry Lao that's interesting but I'm my research in Vegas those multi family spots are in TERRIBLE locations. I've driven to a couple and it was clear it would benefit be a place I could spend extended time.

Condos have great pricing, but between the HOA costs, the only cash flow opps I've seen so far are foreclosures in which I don't feel comfortable pricing the rehabs yet. But, in fairness, I haven't started REALLY looking for deals, I'm still in the analysis paralysis phase of over preparation.

@Jonathan Greene I'm actually thinking the same things which is why I'm trying to prepare for any deals. Renovations out of state, in my expectations, wouldn't be too different than the process of renovations in state, just easier oversight. But I'm trying to build my foundation.

@Caleb Heimsoth bonds tie up too much money and don't allow me the opportunity for leveraging profit. That is the appeal of real estate to me. I don't mind 5% in A property with good potential appreciation, but that number would include property management obviously. Tell me if I'm way off in my expectations.

@Kenneth Garrett I'm REALLY interested in that. I would appreciate any info you could share.

@Greg Dickerson

That's an avenue I hadn't thought about. I'll look into that. Any resources you could recommend would be appreciated.

@James Gleeson I would prefer to stay in state if the numbers work out. I'll see what I can find in a few months

Hey guys, I'm looking to purchase 2-3 single family homes out of state. Up to this point I've only owned my primary residences, but I've been able to save up about $150k that isn't doing much in the bank.

I still have a full time job and just looking to find properties that can meet a 5-10% return in good neighborhoods. I've only really been able to find the type of deals that can get me this outside my market of Las Vegas (at least for now even though things may look drastically different in a few months).

In thinking about your first renovation projects, how did you get comfortable determining the costs of rehabs? Especially for property outside your ability to go see it yourself, what ways can I improve my understanding of determining rehab costs?

Any help is much appreciated! You guys are awesome.

@Harry Neal

Start with analyzing why mutual funds are a better investment, which carry higher fees than exchange traded funds and do not outperform them consistently.

Also, investing with no capital leads to higher leverage and more risk. If he's had little sides doing it he's probably the wrong person to take advice from. If rather listen to someone who has done it successfully and have that person analyze the deal.