All Forum Posts by: Shane J. Renard

@Eric Justice - I highly recommend "Rich Dad Poor Dad" series by Robert Kiyosaki. Excellent books for the beginner and to the accredited investor. 

In our local market, we are starting to see prices coming down on listings. In the last 7 days we have had over 100+ listings and 25+ price reductions with longer DOM (Days on Market). The correction is here. 

@Gabe Goudreau - I always call the local tax assessors office and have a conversation on the purposed tax assessments. They will assist you with a formula. 

Go to your local courthouse and look for the foreclosure listings coming. 

@Garry Hoffmann - Check with a good CPA in your area, and have them advise on the proper steps. Also partner with a good real estate attorney. I have done this, and it goes smooth. 

Hey bud! Might have to custom build that. I have not seen or read anything out there geared specifically toward that. 

First and foremost. Do your homework on a good management company in the local area where you decide to buy. Make sure they handle STR's. Interview their clients. Most management companies do not have a good system in place.

There are deals out there, and it's a numbers game for sure. I only deal with investment properties, and never put out deals that do not return 15%+ ROI. Maybe try other suburbs. What are your marketing efforts thus far?

Does seem suspicious. Tread lightly. What does your gut tell you?

If I was starting all over again, I would shadow someone in the local area. Work for free to learn and be mentored by them. Help anyway I can. Ask to trade my time for theirs.