All Forum Posts by: Kevin Marques

Thank you for all the suggestions.

I did do / and do do all the mentioned above.

Bryan, I will reach out at some point today.

I will continue to research recommendation as well as any companies folks think I should stay clear of.

Thank you,

Kevin

I am looking for a NEW property Management company. In the Atlanta area.  I have gone through two of them so far.

Excalibur Homes was the first. They somehow racked up over 1k in water bill fees on a vacant property over the course of 3 months including late fees. This and more smaller issues. So I left them.

The second one is not nearly as bad. But they seem off, unresponsive. I 've had what i thought was an expensive repair twice in the same 6 month span.

taking recombination.

I did try google as well

Hi Gina,

I am not a lawyer by any means but in my research I learned there are a couple things to know. You only need to have an LLC presence in the states where you do actual business. Where you reside doesn't matter. There are two ways to do this to my knowledge.

1. Form an LLC in each state you do business

or

2. Form an LLC in one of the states (Baltimore) then file for what is called " Foreign Business" in the other state "Texas." Now what is considered Foreign Business may vary state to state so perhaps it may be easier to do number 1.

Hope that is a start,

Kevin 

Hey everyone,

Thanks for all the feedback. @Anton Ivanov thanks for the info. I have been doing a lot of research lately and reading. I developed my own spread sheet using all the information here and other places. 

A couple rules I set up for myself.

1. 1% rule, rent needs to be at least 1% of purchase price

2. with little to no profit I should be able to pay monthly expenses with half of the estimated rent 

3. Using areavibe.com:

A. Looking for places where renters are = to or > the national average 35% 

B. C+ or better neighborhoods

C. Income rates of renters are = > the national average   30k

4. Income of tenants are 3x rent

5. Looking at places where rent averages 850+ (if there is a turn in the economy I want room to sustain lower rents). Similar to what @James Wise had said.

I making this as i go along.

thank for all your feedback!

Kevin 

Hello everyone,

I am new to the site was well as rental investing. I am looking to purchase rental properties out of the state. I have done some searches through the forums and have found a lot of helpful information. I am currently using Brie Schmidt site to find some tunrkeys. Although not on her site i am currently working with Roofstock.com as well as Epic real estate. I am currently looking at a home in lithonia, GA. 

Any advice? guidance? 

I am looking for cash flow mainly. I have about 60k in cash to go with. 

Thanks,

Kevin