All Forum Posts by: MarieChele Porter

@Tom Ott When you say turn key is much more passive are you referring to the fact that you are not doing the renovation itself?

Ahhhh nice ok good advice thank you! @Kristopher Hanks

Ok, I like that... Do you invest out of state if so how do you get together construction crews for rehabbing? @Kristopher Hanks

@Jay Hinrichs You are so right as of right now SF is waaay out my budget! Lol I should have mentioned earlier that I plan on buying out of state!!! However, SF has a lot of protection on tenants so its a very tough place to invest in buy and hold properties. Not saying it's a bad thing to protect tenants, but if you get that 1 nightmare tenant you may have a hard time as a landlord getting the city on your side!

@Ned Carey Great points! What about investing my first time as a newbie. I plan to buy out of state since California is out of my price range. I'm a little nervous about buying a property that needs renovations out of state for my first property. I'm leaning towards turn-key because all I would have to worry about is closing and getting set-up with a property manager and getting a tenant in... Have you ever bought out of state and would you have any suggestions for an out-of-state rehab? 

I'm looking to get into buying, buy and hold properties and wanted to get some opinions. What's your personal preference on whether to buy property that needs rehabbing, slight touch-up, turn-key, or do you buy them all if the price is right? Just trying to get a since of what has worked, not worked and why did/didn't it work for others in the past. 

Also if anyone prefers or has ever invested in manufactured homes for rent I would like feedback on that experience as well.

Thank you guys, as always any feedback is greatly appreciated! :-) !!

@Scott Steffek that is a great point that I have not considered yet either after researching some markets I will see what's ideal for me between a SFH and MFH. Right now I'm swaying towards a SFH just because that it would take me years to be able to save for a MFH in California and I'm not ready to move out of CA just to get an FHA loan for a MFH.

I agree I like the idea of house hacking I'll check into it more! @Linda DellaRipa

Ok great input will do !!

Will that's a great aspect of saving on taxes I haven't thought of the income tax portion of it! As far as family everyone is here in California I would like to invest here but I'm just not sure if I can afford it just yet, but I'll look into places in SoCal they tend to be more affordable than here in NorCal... Thank you !