All Forum Posts by: Robert Hansen

I invested in Cedar because that is where I lived at the time when I started to invest.  At the time I thought it was critical to invest close to home so I could keep an eye on the place i guess.  

I later moved to SLC and noticed that the distance made no difference since I was using a property manager.  With that new mentality I did massive nationwide research which basically took me to Alabama for cash flow focused properties.  For markets that I'm speculating on market appreciation I like Utah and Idaho

I currently rent from West Property Management, from a tenant perspective they do a good job. They do a 6 month inspection, communicate well.  If I ever decide to hire a management company for my place in Kaysville I'll use them

Hey LaRhonda, I just started doing long distance investing in Montgomery. There are some great people in that area and on BP that are long distance investor friendly.  Good luck on your next level of investing

@Karlton Hoskins I love the logic behind contacting the homeowner after he has already vacated the house. Question for you, how do you locate the former homeowner and get his number? I can imagine it isn't a dry cut process for every house but if there is a method or a few methods that seem to be more successful I would love to know.

I've been looking for bookkeeping software that is web based that allows me to allocate income/expenses to individual properties, it's for my Series LLC since all of my series share the same bank account. Rentalhero.io ended up being the least expensive solution that was easy to use. Much better priced than quicken.

@Joseph Back as always thanks for your incredibly helpful recommendations.  That information is exactly what I was looking for.
@Daniel Federico I'm looking to build up my portfolio one by one over the course of probably 2 years

Hi,

I want to use Alabama (specifically Montgomery) as my 'cashflow' buy and hold market to invest in. The goal today is to have anywhere from 4 to 10 cashflowing doors in order to help finance my holdings in higher appreciating markets with lower cashflows. My current thought is to close the house using cash and within a couple of months finance around 50% of the ARV in either a 5/1 or 7/1 ARM or a fixed 10 to 15 year mortgage to help me fund additional purchases. If anyone on this thread has some recommendations to help me find an investor friendly loan officer that would be great.

Thanks in advance,

@Bryan Hartlen, I found this map on a different thread, I thought it was cool.  Unfortunately I can't vouch for the accuracy of the data though (according to this Westgate is D area).  Talking to a local like Greg will always be your best bet.