All Forum Posts by: Kyle Karges

@Mark Callahan It sounds like your still deciding if real estate is an investment vehicle you wish use or not.  It sounds like you do have money so you don't necessarily need to start with wholeselling and learning to find the good deals.  You might be better off find the right person that can bring those deals to you.  Although there are many methods or ways to invest they all take some of your time from one degree to another.  Many times this may dictate which direction you go.  Hopefully this gives you a good starting point.  Don't forget you can use self directed retirement accounts to invest with.

@Ryan McElroy It definitely matters.  First every market is different and is either growing or shrinking in population.  Employment and other factors will be going up or down as well.  You want to be investing in a market that is on the way up.  This is important even for Buy & Hold so you can find good quality tenants with good cash flow.  Other things like landlord tenant laws, taxes and others should be considered as well.  It helps to know what area of real estate investing you intend to start with.

There are plenty of them.  Search "hard money lender" in google.  The question isn't where is the money, it's what would the rate be.  These rates can be really high and you should only be doing them temporarily.  You would need to find a house with lots of upside and either flip it or know you can refinance into a bank loan in 6 months or less.  Good luck.

If it was the same tenant for the last 2.5 years and were never late, that does at least give you a good indication how they will be if you did do owner financing.

Willie,

I don't know what type of retirement account you have but I would look into a self-directed IRA. You can take control of your money and invest in real estate property, ones that cash flow of course.

Hey,

The best method to find a property management company is to get a referral from another investor.  The best ones are the small ma and pa shops that work with the investor that gave you the referral.  When you call you tell them that they referred you so they are more inclined to do a great job and especially if the other investor has multiple properties they will not want to lose their business either.  You also get the same person each time when you call and can explain exactly how you want things to function rather than a large companies polices.  Good luck!

@Harden Barkley You are right on target.  Always remember there are multiple ways to acquire properties.  Many people lose sight of this and get caught only buying properties in weird ways.  There is no reason to not have traditional AND unconventional ways of acquiring property.  Good luck!