Rental and Cashflow Property - Management, Strategies and More

If you guys invest in a state your not in how do you make sur eyour not buying a swamp water. Do you use your pm as your real estate agent? Do you hire an inspector. I see many cheap deals in OH and Detriot . I would love to do something like that maybe in the NC or Fl area.

For those of you that have tenants, you'll need one of these...and a camera!

Form attached below is from "Legal Survival"

Are there downloadable tenant "property condition checklist" forms available.
Thanks in advance,

Robert

We are looking for properties to buy. If you know any ForSaleByOwners or REO/Short Sales or simply just great deals let us know and we will pay you for your efforts. We are looking for serious bird dogs who will follow-up with us regularly. Please, if you are not the serious type that is willing to stick with this in the long haul then please don't contact us as it will be a waste of time for the both of us.

Please either PM or reply to this post to express your interest.

In watching deans video today I was thinking and thinking and just got to the point where I got stuck.

I know how to lock up a property and sell it to an end buyer. How the heck do you buy a property, fix it up and keep it with out any money?

If anyone knows the answer to this or has any suggestions please let me know. This is something I want to seriously get into. My goal by the end of the year is to have at least 6 rentals on my hands.

Thoughts? Comments? Ideas?

Have six townhouses (one bldg) In Virginia. Might consider selling if we could come to terms on price. Relatively new (5 years old). In excellent condition in quiet, older neighborhood in Shenandoah Valley area.
Would also consider a second on the property instead of a sale.

I was shocked at how they have alot of these cities sale prices lower in 2014 then now but the rents will be higher. Charlotte didn't make the list but I think we are up there in places to buy and hold. Enjoy the article.

http://money.cnn.com/galleries/2011/real_estate/1107/gallery.best_invest...

Just wondering if anyone knows of any property managers in Buffalo NY. If so, is there one that you can recommend?

Although this article was written almost a year ago, I thought it would be a good post for some of the new investors who want to buy properties to rent...
Valerie

Investing For Cash Flow
August 3, 2010 by Jeremy
"What is just as important as location, location, location when analyzing a piece of real estate? Cash flow, cash flow, cash flow! The Lucrative Investor defines cash flow as the net profit left after expenses. This includes all of the expenses associated with owning real estate such as mortgage payment, insurance, taxes, property management, maintaince and in some cases a property owners fee (commonly referred to as an HOA). Too often, investors purchase an investment property without throughly conducitng their due diligence.

http://www.allpropertymanagement.com any one try this?