All Forum Posts by: Ty Coutts

Hi Chris

Managing out-of-state investments can be a great way to diversify, but it comes with unique challenges like relying on property managers and handling long-distance communication. Many investors prefer to work with experienced local property managers to oversee day-to-day operations and ensure the property is well-maintained.

For apartments, they can be solid investments due to economies of scale, but it's important to carefully assess the location, rental demand, and potential for appreciation. To determine if an apartment building is a good deal, look at the property's cash flow, cap rate, and potential for rent increases. Perform due diligence by reviewing the financials, market trends, and property condition. It’s also worth getting pre-approved for financing to ensure you can handle the property’s price and upkeep. If you need any help on that end, Aslan is licensed in over 30 states, and we'd be willing to help on whatever venture you wanted to get into. Feel free to contact me with any questions.

Start by attending real estate meetups, BiggerPockets forums, and local investor groups to connect with potential partners. Consider reaching out to private lenders, accredited investors, or real estate crowdfunding platforms. Structuring a joint venture (JV) or equity partnership can make the deal appealing by offering a share of cash flow and appreciation.

Have you considered reaching out to local real estate attorneys or CPAs for investor referrals?

Hi Nancy,

being licensed in GA I'd say Carrollton, GA can be a solid option for long-term rental investments, especially with its growing appeal as a commuter city with proximity to Atlanta. When considering single-family homes (SFH) or small multifamily properties, it's important to analyze rental demand, local property values, and rental rates to ensure you're getting strong cash flow potential. The area has seen growth in both the residential and rental markets, making it a potentially lucrative investment.

For financing, you can explore options like conventional loans, FHA loans (for owner-occupied properties), or even local programs that might offer lower down payments for investment properties. Keep in mind the costs for property management, maintenance, and vacancy rates to ensure you're budgeting appropriately. Connecting with local real estate agents or property managers can also give you a clearer understanding of the market and potential for appreciation. If you have any more questions, I'd be happy to schedule a call, feel free to DM me.

Hi Zoey

Being licensed in NC I would definitely say investing in a multifamily property in the Raleigh area can be a great opportunity, especially for house hacking. Raleigh has strong rental demand due to its growing job market, universities, and overall population growth. When house hacking, consider the area's average rents, property values, and financing options, such as FHA loans or conventional loans, which may require as little as 3.5% down for multifamily properties (if it's owner-occupied). Be sure to factor in property management costs, repairs, and potential vacancy periods. It's also worth speaking with a local real estate agent to identify the best neighborhoods for rental income potential. If you have any other questions, feel free to DM me.

Hey Tyler

I'd say it's important to weigh the risks and rewards when considering a house hack, especially in a market like Denver. While purchasing under market value is a great opportunity, stretching your budget too thin can add significant financial stress, especially during the renovation period. It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.

The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income. House hacking can certainly be a great way to build equity and reduce living expenses, but it’s essential to have a cushion in case your rental income doesn’t come in as expected or renovations take longer than planned. If you have any questions concerning especially the funding of this project, feel free to reach out.

Hi Damien,

I work at Aslan Mortgage Lending and we are licensed in Ohio. Let me know if you want to connect.

Hi Matt,

Both Ohio (Cincinnati/Dayton) and Texas (Houston) offer great opportunities for BRRRR, but the impact of location depends on cash flow, appreciation, and competition. Ohio has lower property prices, strong rental demand, and better cash flow, making it ideal for BRRRR. However, appreciation is slower. Houston, on the other hand, has higher appreciation potential, a growing job market, but also higher entry costs and more competition. If you prefer steady cash flow and lower risk, Ohio is a solid choice. If you want higher appreciation and scale faster, Houston works. An alternative city in Ohio could be Columbus as it's a growing city with a large university, so ideally, always people to rent to.

Any more questions, feel free to DM or email me.

Hi Adam,

I'm a licensed loan officer in 8 states. If you need help with a loan or anything else, feel free to DM or email me!

Hi Andrew,

I've found this to be helpful to people I've helped with investment properties. Do your research on the best in your area.

Hi Benjamin,

Start by reaching out to relocation companies, insurance housing providers, and major employers in the area who may need temporary housing for executives or displaced employees. I've also heard that traveling nurses are good mid term occupants, so try reaching out there. List your property on corporate rental sites like Blueground, Zeus Living, and Furnished Finder to attract high-income tenants. 

DM or email me if you have any questions!