All Forum Posts by: Mehran K.

Well, I only own a few properties in that price range. They range from $25k to $85k. Personally, I was looking for a place that I could invest in to stretch my limited dollars the most. High ROI was a big factor, along with properties NOT being in war zones. Like I mentioned above, define your criteria first, and see what market fits that criteria.

I'd say the biggest factor for me was having someone on the ground in that market to work with. If I don't have someone I can trust(that also owns investments there), where the feet meet the pavement, I don't think i'd want to invest there. 

Every market and price point has it's own level of risk. It's hard to judge it based on price alone. In LA, a $200k house could be in a worse neighborhood than my $50k house in Milwaukee, catch my drift? This is why it's SO important to get to know the market from people who are in it every day, they know these things on the ground level.

Hey @Dan Veneski , I'd start by narrowing my search down to a few markets that have properties that meet those criteria you have. You could look into the macro-economic factors such as employment, population, income, main industries, etc. After reviewing those things, and the market still piques your interest, you can network with other investors here on the site that actually invest there. 

Craigslist, rentometer, and local property management companies/investors are great for getting a good idea of what the market rents are. Units go vacant constantly as people are always moving etc. How long they stay vacant is important as well! Ask those same local investors and property managers what their vacancy rates are, and have been. You can also ask what property types seem to have the most rental demand, and in what neighborhoods.

Hope that helps!

There ARE lenders out there that will do HELOCs on investment properties. The highest LTV I've seen on them are 75%, unlike the 90-95% HELOCs on O/O properties.

Like @James Syed mentioned above, you won't be getting a conventional 30 year fixed rate mortgage written directly to the LLC. It's actually against the FNMA/FMCC guidelines. There are lenders that will write loans to LLC's, but the loans will be considered commercial/portfolio loans and will have different terms (ARM or balloon payments).

To benefit from conventional 30 year fixed rate mortgages, some people take title to properties in their own name, have the loan written in their own name, then transfer the deed/title to their LLC (while keeping the loan in their personal name) later down the road. It's not illegal but it violates the "Due-On-Sale" clause written into your mortgage. The lender will then have the "option" to call the loan due because of this transfer of interest "event". This is a risk people some people are willing to take! Use the search tool in the top right corner for more information on the DOS clause!

Welcome to BiggerPockets @Lynn Lewis! Thanks for your introduction. I'm sure @Brandon Turner would LOVE to see that his videos are changing peoples' lives :)

See you around the site!

Welcome to BP @Walt Thiessen! 

You might find this article a great read: The Real Estate Agent’s Ultimate Guide to Working with Investors

Welcome to BiggerPockets @Amnon N., thanks for your introduction. Hopefully in the time you spent building a small portfolio in OH, you've learned some about the market and developed a relationship with a realtor. What is it about the sales process that is worrying you?

Welcome to BiggerPockets @Deborah Pyburn! Good luck to you and your husband on your first home. How do you like GA? I'm still here in CA, but might possibly move ONE DAY!

Welcome to BiggerPockets @Jeanetta Cueto, thanks for introducing yourself! You've come to the right place to learn about real estate, no experience necessary!

If you haven't already, be sure to check out the BiggerPockets Podcasts. See you around the site Jeanetta!

Welcome to BiggerPockets @Reggie Maggard