All Forum Posts by: James You

Welcome to BP!  I'm located in LA as well. Looking into investing out of state at the moment. 

 That's what I hear about KC.  Just a bit skeptical of the TK providers out there

 Send me a message. We can chat!

 Thanks Ali.  I think I've already read your blog about PM.  Great article, really enjoyed it.  Thank you for sharing your thoughts!!  PM, PM, PM will be very crucial for me

i'm very interested in this subject as well.  @Tim Dunlop what areas are considered B areas with price point around 80k~100k?  

@Brett Snodgrass @Michelle T. Thank you for sharing the information.  Where would be areas you would suggest taking a look at?  I'll be looking at SFRs around 70~100k.    I'll be there on March 23~24th by the way.

Hey everyone,

First time investor here.  I've narrowed down the cities I'm looking to invest into two areas.  As title states, Indianapolis and Kansas City.  I did a thorough research with the statstics on both regions, and it appears that both have its pros and cons.  I'm hoping to gain insights and opinions from out of state investors who have experience with both regions.  There could be many factors that can be brought up like taxes, insurance, cash flow, Cash on Cash, vacancy rate, etc, but what's most important to me is working with a PM that is responsible, savvy, and communicative.  Nothing against KC, but I did hear that Indy TKP are more responsive and act quicker.  I consider communication as one of the important aspect in moving forward.  

I plan on working with a turnkey provider and have been in contact with few so far.  Also I just booked my flight to Indy for March and would love to connect with people from the region as well.  Hope it warms up by the time I get there :)   Thank you BP community!

James (Kee June) You

@Cliff Hoberman thank you.  I realized I made my post very complicated to understand that it should've been.  Yes, when I meant sole I meant ownership of severalty.

me and my wife are deciding to whether buy ownership in severality or concurrent/joint.  Is it true that it will be beneficial in terms of qualifying for more loans if we buy via ownership in severality? 

Hi All,

I have not consulted with a lender or CPA about this yet, but I was hoping to get the community's opinion aboutgetting a conventional loan based on Sole Ownership and Joint Tenancy.  

Me and my wife are looking into purchasing our first investment, and we are deciding on whether to buy under sole or joint. I've heard that if we buy sole/seperate, we will be able to obtain more loan this way in the future and have more flexibility to grow our portfolio. For example, 10 REI under my name and 10 REI under her name.

Also if we buy sole, would this property be considered a community property?  Would it still have the right of survivorship to the other spouse?  What are the pros and cons of sole and joint?

I hope I addressed this correctly for people to understand.  Your expertise and comments would be very appreciated.  Thank you.

James

@Chris Nordella congratulation on your first investment!  I've been exploring this area as well.  Good to actually see someone share his experience.  Just wondering if this wastenant ready with PM in place?