All Forum Posts by: Trevor Finn

Hi @Nathan Frost,

Given the missing items and delayed inspection, you’re in a strong position to negotiate further. You could request a price reduction or additional seller credits for the inconvenience and security risk. Suggesting security measures, like motion lights or cameras, is also reasonable given the circumstances. Emphasize that these extra steps would protect both the property and your investment. 

@Brett Jurgens,

With strong equity and a good tenant, you have a few options:

• Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.
• HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.
• 1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.

Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new. Interested in what you decide!

 You're welcome, Darrell!

 You're welcome, Judy!

Hi @Sunny Chen,

Indiana is a great market for steady cash flow, but if you’re looking for stronger appreciation and diversification, exploring out-of-state options makes sense. Texas still has solid growth potential, particularly in cities like Austin and Dallas, but prices have risen, so returns may vary. Consider emerging Sunbelt markets like Phoenix, Tampa, or parts of North Carolina (like Raleigh or Charlotte) that continue to see high migration and job growth, driving both appreciation and rental demand. Diversifying into a high-growth market could balance out your Indiana portfolio nicely.

Buying an investment property in Las Vegas @Josh Salapare could be a smart move, especially if you’re set on moving there in a couple of years. Renting it out now could help cover the mortgage, and you’d benefit from any appreciation over the next two years. Just make sure the rental market can support the property’s expenses and have a plan for property management if you’re still in California. If the numbers work, it’s worth considering as a step toward your future home!

@Gash Nookala,

Renting can indeed be slower in winter, but here are some tips to boost interest:

1. Enhance Listing: Ensure your listing has detailed descriptions and high-quality photos—consider professional photography if needed.
2. Competitive Pricing: Double-check local comps; even a slight price adjustment or incentives (like a reduced deposit) could attract more interest.
3. Broaden Marketing: Beyond Zillow, Hemlane, and MLS, use social media, community boards, and local business connections to reach a wider audience.
4. Flexible Lease Terms: Offering shorter or month-to-month leases might appeal to tenants during this slower season.
5. Local Property Manager: A local pro can tap into their network and help fill the vacancy faster.

These steps should help you find a tenant despite the seasonal slowdown.

Hey @Joey Samudio, congrats on doing your first remote deal!

Helpful BRRRR Tips:
To manage a remote BRRRR successfully, start by building a reliable local team and using project management tools like Trello to track progress. Set up a clear scope of work and schedule regular video check-ins with photo updates. Consider remote monitoring tools (like security cameras), and budget an extra 10-15% for surprises. Schedule inspections at key stages, and involve your property manager early for rental insights. These steps will keep your project on track and make remote management smoother!

@Darrell Perkins,

For insuring a high-value, older fix-and-flip property in St. Louis, consider specialty providers like Powers Insurance, St. Louis Insurance Services, or O'Connor Insurance. These agencies often cover vacant or under-renovation properties. A builder’s risk policy is also worth exploring, as it can protect the property, materials, and equipment during your restoration work. I hope this helps!

When transferring funds from Hungary to the U.S. @Judy Jacobs, consider fees and exchange rates to maximize the amount received. Banks often have higher fees and less favorable rates, while online services like Wise offer more competitive options.

As @Ryan Konen mentioned, other alternatives include Revolut for multi-currency transfers and OFX for large transfers without limits. There is also PayPal for convenience (though potentially higher fees) and Atlantic Money for fixed-fee transfers. Each option has different costs and terms, so compare them based on your transfer amount. OFX and Atlantic Money may provide better rates for large transactions.

Hope this helps!