All Forum Posts by: Kevin M.

Put me on the list.

Received my ticket the other day. Looking forward to this. It is what you make it. I am looking forward to meeting all of you. I need to pickup a few new shirts. Going to be a little different in Miami in February than Montana.

@Justin Brown I will be there if he sends me my ticket. I ordered a ticket like a month ago still waiting on it. I will meet up with whoever. Anyone going can drop me a line anytime.

@Andrey Y. Have you seen The Wolf of Wall Street or Boiler Room with Giovanni Ribisi? Where do you think these movie ideas come from? Real Life. I have had two friends scammed. Same bait and switch, One friend took $150k each from 6 of his family members and invested in a fertilizer company supposedly out of Alabama. During the Due Diligence period he went out to Alabama to the the fertilizer plant, and these guys had rented a whole fertilizer plant and showed and BSed him through the whole facility. Ran a pyramid scheme until they couldn't cash flow and jumped ship. Everyone lost everything. The second I had a buddy wanted to start a food truck in LA. Bought two food trucks and found someone who said he owned a shop that could renovate his two trucks. He already had one that was broken down he started with. He went to the guys garage to check out the facilities to make sure everything looked legit and he had rented out the entire garage. He went one day to bring his two new trucks to get wrapped and renovated and gave the guy $60k. While he waited 30 days and even got updates on the phone, he did marketing all over social media. The day he went to go pick up the trucks, the garage was empty and the guy was gone. Just two empty trucks in the garage. He is still going to court over this 5 years later. He'll never see that money again. At least you have a deed in your name. So maybe you go move into that condo and start a blog? Start pumping out on social media about how the economy is booming over there and people should start investing in that neighborhood. LMAO SORRY that's all I could think of. I have no idea what to do all I could offer was some personal experience and humor. I am really sorry that happened to you. Point is some people really don't give a sh what happens to anyone. It just facts. Where is Bernie Madoff?

@Chris Soignier Thank you for commenting.

I just might reply to all of you. Great advice here excellent. 

@Tyler Hodgson thank you for the referral. Submarket is huge I hear that especially in a highly populated area. Blocks in New York or Neighborhoods in Boston can be night and day.

@Chris Mason Chris I am with you all day. I am just not so sure how many times I want to pack, move and throw money out the window. If I can do it on 30 days of research I might tempt it.  Like Tyler said "Submarket". As always thank you for your perspective.

@Share Ross LOL I already looked you up. I love the 80s. Sometimes I rock out to Steel Panther and pretend it's 1984. Jokes aside. Thanks for chiming in.

I will probably use NFCU because it might be the most painless and they have an office in Florida. However I would not pass on a better interest rate. I will have to call around.

Great advice.

@Peter Davis Thank you I checked out your area and I have a question. I will send you a PM.

Excellent Excellent Excellent. I am doing this a little bit at a time, I need to make sure I have all my ducks in a row. Before I get on the phone. Great advice here.

I just wrote the most epic thought out post ever. I thought out ...every... sentence. It was biblical.

Then I tried to put @ Chris to answer the second Chris and *poof gone.

I'll answer one at a time.

@Jim Cummings Thanks Jim. I didn't realize there were all those certs. I hear you on the HOA. HOAs only go in one direction, UP. Then depending on the increase an exit strategy my come at an unexpected time. I will keep your advice in mind.

@Chris Mason

OK so I am going to slow things down a bit here.

We are not talking about some $1.2m syndication deal with 400 units and $500k/m cashflow. 

I am looking for a future investment property as my company is planning on relocating me across country to either Texas or a satellite office in Florida and I want to get advice on going about finding a great Real Estate Agent? I do not know anyone in these areas. I have no relatives/friends in these areas. All the people I work with currently rent and have no Real Estate knowledge. I am unfamiliar with the areas besides Google and even with crime maps nothing replaces actually walking the streets. Weather is also a concern as homes usually do not float.

I am trying to avoid the Broker/Agent to be so hungry they'll sell me anything. I also will be actually living in the unit for at least a year before renting it. So I want it to be fairly nice. Nice condition, nice neighborhood. Maybe some amenities.

We are talking about a Townhome situation. 

Has anyone ever picked up and moved across country to an unfamiliar area using your bank's lender and a found Broker? (How did you find the broker?) And maybe there might even be someone who has been successful and maybe even done it sight unseen? How many times did you visit the property. How did your inspection go and how did you find the inspector? Did you have to visit the area several times or did you live in your car for 30 days while you scouted out the area?

I want the good and the bad. Successes and even horrible failures.

Has anyone done a Skype walkthrough? How willing are Agents to help with this type of situation?

What types of characteristics and knowledge did you look for in your Realtor? What kind of verification/vetting did you perform?

I know there are "relocation experts" but someone passing a 60 question quiz doesn't seem like much of a guarantee they are any good.

How did you find them? How did you verify they were any good? What type of outcome did you have? Did you pay too much? Did your home end up in Tornado alley, in the swamp or in a storm surge area that washed your precious family and all your worldly belongings away?

Where would be a good place to start? What leverage could you use to ensure your agent would be looking out for your best interest and not conspiring with locals just to make a sale. Or not getting you the best price because their 3% would be less. Are there ways to counteract this type of situation and still have the Agent and yourself come out on top? (A mortgage amount lasts 30 years, a 3% payment is a one time payment.)

What are some due diligence steps?

What are some best practices?

A little background on me. I am single, 40s, no family, no children, just me and my junk. Looking for a livable Townhome. Looking in the max. $160k, HOA under $500 (preferably under $350), Rental clause after one year with no option to change in the future, 2 floors, 2+ bedroom, No dog size restriction.

Any words of wisdom are greatly valued and thank you in advance.

@Jeffrey Holst Josh Dorkin is the ring leader. Ring leaders are usually pretty uninteresting.