All Forum Posts by: Timothy Lewis
Timothy Lewis has started 6 posts and replied 357 times.
Post: Investing and then moving out of state.
- Investor
- Miami, FL
- Posts 377
- Votes 258
Originally posted by @Brandon Goldsmith:
Columbus is a great place to get started. You can always hire a PM if you end up moving out of state. @Kohl Taylor
I agree. I think this is an excellent way to get started in RE. During the leasing period, do your due diligence. Meet PMs in your area that can take care of your investment once you move away.
Post: Memphis BRRRRR [Calc Review] Help me analyze this deal
- Investor
- Miami, FL
- Posts 377
- Votes 258
I've found it hard to make those lower price point properties cash flow with the 1% rule due to allocations for maintenance, CapEx, vacancy, etc.
Post: My first investment property - An out of state deal
- Investor
- Miami, FL
- Posts 377
- Votes 258
Huge Congrats
Post: Which areas in the Midwest are luxury airbnbs doing super well?
- Investor
- Miami, FL
- Posts 377
- Votes 258
The condo market in Miami is booming for luxury STRs.
Post: Coffee with Investors Virtually & IN PERSON on March 13th 2021
- Investor
- Miami, FL
- Posts 377
- Votes 258
Awesome
Post: 38109 Westwood Memphis Buy & Hold
- Investor
- Miami, FL
- Posts 377
- Votes 258
Originally posted by @Jason Hopkins:
I own one in Westwood and it has been a good rental. Proceed with caution because this one is west of 61. I hope you trust your boots on the ground to give you a good/trusted review of street in question. Good luck.
Agree
Post: From Vacant to Residential
- Investor
- Miami, FL
- Posts 377
- Votes 258
WOW. Only 2 months for the actual construction?! Huge Congrats!!!
Post: Virtual lease signing
- Investor
- Miami, FL
- Posts 377
- Votes 258
I use Cozy as my PM Software and Docusign for virtual signatures
Post: Purchasing Home with Tenant
- Investor
- Miami, FL
- Posts 377
- Votes 258
It's all about protecting your investment and yourself. You did the right thing. Alternatively, you maybe could have negotiated a cash-for-keys situation before closing so you could have purchased the property vacant. Of course, everyone would have had to be on board with this option.
Post: Selling an investment property that's rented
- Investor
- Miami, FL
- Posts 377
- Votes 258
Same