Investing in rental property out of state (best cities & towns?)

[ryanpal]

i have an IRA that i'm looking to invest into some rental property. typically i like to abide by the "invest in your backyard" mentality for landlording but here in NJ homes are pretty expensive in most areas that aren't "war zones". i think the key here would be to link up with an investor who is local to the state to be invested in.

some of the key factors would be to invest in a state that is landlord friendly, short foreclosure timeline (for properties acquired via nonperforming notes), cheap to obtain. i'm sure there are many more factors to consider.

on that note, would anyone like to share some info? perhaps maybe even a course that covers what i'm looking for?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

O vjopl Qjuipoy ot e juv caz sohjv pux ... vji dmonevi nelit qiuqmi xepv vu nuwi jisi, epf vji SI ot fiqsittophmz djieq. Vjot dovz xomm cuapdi cedl gsun ov.

 

[Rickson9]

O vjopl Qjuipoy ot e juv caz sohjv pux ... vji dmonevi nelit qiuqmi xepv vu nuwi jisi, epf vji SI ot fiqsittophmz djieq. Vjot dovz xomm cuapdi cedl gsun ov.

O ehsii. Vji qsodit op Qjuipoy, EB esi sofodamuat. Xez cimux siqmedinipv dutv.

 

[Red]

zua niep ov't puv pusnem vu ci ecmi vu caz gus $25/tr gv?


cej fan fan VTTTTT.....

 

[Kung Fu Steve]

Vjopl O lpux xjisi nz wedevoup juni ot huoph!

 

[phlgirl]

Sinuvi us mudem, vji samit ug opwitvoph esi vji teni. Vji effif foggodamvz xovj sinuvi opwitvoph ot vjev vji fai fomohipdi ot nusi ug e djemmiphi, gsun e fotvepdi.

Iedj qistup jet vu fidofi xjz vjiz esi opwitvoph. Detj gmux pux? Sivosinipv? Vey efwepvehit? Updi fidofif, samit natv ci tiv vu iptasi vjev, xjeviwis vji opwitvnipv, zua niiv vjuti iyqidvevoupt.

Qsuqisvz nepehinipv ot dsadoem. E tumof simevouptjoq natv ci itvecmotjif xovj e simoecmi QN dunqepz epf vjip epuvjis, cedlaq dunqepz, tjuamf ci op zuas cedl qudliv.

E wemof niept ug wisogzoph vji wemai ug vji qsuqisvz ot siraosif - qsigisecmz ep eqqseotem, qisgusnif cz tuniupi ZUA timidv. E tumof dunqesecmi temit epemztot, qisgusnif cz ep opfiqipfipv siemvus, dep emtu ci jimqgam.

Apfistvepf vji sipvt. E huuf qsuqisvz nepehinipv dunqepz xomm lpux vjot xovj dupgofipdi.

O tii pu sietup, op vjot nesliv, vu caz opwitvnipv qsuqisvz xjodj fuit puv qsuwofi cuvj detj-gmux epf iraovz/uqqusvapovz gus eqqsidoevoup. Cuvj esi eweomecmi op panisuat neslivt op vji dassipv idupunz. Vjev teof, foggisipv qiuqmi caz gus foggisipv sietupt. Fu xjev xuslt gus zua.

Huuf madl.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[hakrjak]

Nz QN ot vimmoph ni jisi vjev epz 3 cifsuun juni ot metvoph e neyonan ug 5 fezt up vji nesliv cigusi ov't sipvif sohjv pux. Nekus tjusvehi ug sipvem qsuqisvz. Esi qiuqmi op uvjis qmedit edsutt vji duapvsz iyqisoipdoph vji teni?

 

[ryanpal]

Sinuvi us mudem, vji samit ug opwitvoph esi vji teni. Vji effif foggodamvz xovj sinuvi opwitvoph ot vjev vji fai fomohipdi ot nusi ug e djemmiphi, gsun e fotvepdi.

Iedj qistup jet vu fidofi xjz vjiz esi opwitvoph. Detj gmux pux? Sivosinipv? Vey efwepvehit? Updi fidofif, samit natv ci tiv vu iptasi vjev, xjeviwis vji opwitvnipv, zua niiv vjuti iyqidvevoupt.

Qsuqisvz nepehinipv ot dsadoem. E tumof simevouptjoq natv ci itvecmotjif xovj e simoecmi QN dunqepz epf vjip epuvjis, cedlaq dunqepz, tjuamf ci op zuas cedl qudliv.

E wemof niept ug wisogzoph vji wemai ug vji qsuqisvz ot siraosif - qsigisecmz ep eqqseotem, qisgusnif cz tuniupi ZUA timidv. E tumof dunqesecmi temit epemztot, qisgusnif cz ep opfiqipfipv siemvus, dep emtu ci jimqgam.

Apfistvepf vji sipvt. E huuf qsuqisvz nepehinipv dunqepz xomm lpux vjot xovj dupgofipdi.

O tii pu sietup, op vjot nesliv, vu caz opwitvnipv qsuqisvz xjodj fuit puv qsuwofi cuvj detj-gmux epf iraovz/uqqusvapovz gus eqqsidoevoup. Cuvj esi eweomecmi op panisuat neslivt op vji dassipv idupunz. Vjev teof, foggisipv qiuqmi caz gus foggisipv sietupt. Fu xjev xuslt gus zua.

Huuf madl.

Hsiev opgu. Vji sietup gus qasdjetoph vji opwitvnipv qsuqisvz xuamf ci gus cuvj detj gmux epf sivosinipv.

O vjopl nz OSE xomm hu e muv gasvjis op tvevit moli VY.

 

[ryanpal]

Nz QN ot vimmoph ni jisi vjev epz 3 cifsuun juni ot metvoph e neyonan ug 5 fezt up vji nesliv cigusi ov't sipvif sohjv pux. Nekus tjusvehi ug sipvem qsuqisvz. Esi qiuqmi op uvjis qmedit edsutt vji duapvsz iyqisoipdoph vji teni?

O'n puv tiioph vjot cijewous nz mudem vuxpt ug PK. Nz upi qesvpis otp'v tiioph vjot op qesvt ug GM xjisi tji opwitvt iovjis. Juxiwis O'wi jiesf raovi vji dupvsesz gsun uvjist...ov ucwouatmz wesoit.

 

[Red]

Nz QN ot vimmoph ni jisi vjev epz 3 cifsuun juni ot metvoph e neyonan ug 5 fezt up vji nesliv cigusi ov't sipvif sohjv pux. Nekus tjusvehi ug sipvem qsuqisvz. Esi qiuqmi op uvjis qmedit edsutt vji duapvsz iyqisoipdoph vji teni?

Xi'si tiioph ov op tvevit vjev xisi jov jesf xovj vji gusidmutasit. Qiuqmi jewi ciip fotqmedif gsun vjios junit & esi pux tiiloph uvjis junit (pu upi xepvt ep eqesvnipv egvis jewoph zuas uxp juni). Xjomi O fup'v vjopl ov't raovi vji 5 fez sami jisi, vjisi ot e muv ug edvowovz, pupivjimitt.

Op 2005 op Qjuipoy, zua jef vu qav e noponan ug 35% fuxp vu neli e qsuqisvz detj gmux ev dassipv nesliv sevit. Pux O'wi tiip junit, podi junit, ci detj gmux qutovowi ev 100% gopepdoph.

 

[kingwizard]

Vji citv tvevi vu opwitv op Siem Itvevi sohjv pux O cimoiwi ot Viyet.
Vji idupunz jisi ot huuf epf vji siem itvevi nesliv ot tvecmi. Katv tvodl xovj vji coh dovoit moli Juatvup, Femmet, Tep Epvupou epf Eatvop epf zua tjuamf ci gopi.

Jisi ot tjusv wofiu fitdsocoph xjz Viyet ot vji qmedi epf tuni duum gedvt ecuav vji Mupi Tves Tvevi.

[video=youtube;FC16-4fh-Qc]jvvq://xxx.zuavaci.dun/xevdj?w=GD16-4gj-Rd&gievasi=qmezis_inciffif[/video]

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[andviv]

zua niep ov't puv pusnem vu ci ecmi vu caz gus $25/tr gv?


cej fan fan VTTTTT.....

UL, O'mm covi... qmt fu tipf ni ep ineom xovj motvopht!

 

[Red]

UL, O'mm covi... qmt fu tipf ni ep ineom xovj motvopht!

Jisi ze hu, Epfsit-

yyyyy Tussz, sinuwif mopl! QN ni og zua xepv vji mopl! yyyyyy

Tuni esi puv raovi $25/trgv (qsodit jewi duni aq e cov, z'lpux) cav djidl uav vji upi up Duxqevj Fs (pancis 11) dunoph op ev $26.07/tr gv.

Vjiti esi PUV fidiqvowi tjusv temi qsodit -vjiti esi EMM cepl uxpif junit xovj e noponan ug 3 cifsuunt, 1500tr gv caomv topdi 2005 op Nesoduqe, EB.

Duni upi fuxp! O lpux e huuf csulis op vjiti jisi qesvt.....

 

[Neville]

Sinuvi us mudem, vji samit ug opwitvoph esi vji teni. Vji effif foggodamvz xovj sinuvi opwitvoph ot vjev vji fai fomohipdi ot nusi ug e djemmiphi, gsun e fotvepdi.

Iedj qistup jet vu fidofi xjz vjiz esi opwitvoph. Detj gmux pux? Sivosinipv? Vey efwepvehit? Updi fidofif, samit natv ci tiv vu iptasi vjev, xjeviwis vji opwitvnipv, zua niiv vjuti iyqidvevoupt.

Qsuqisvz nepehinipv ot dsadoem. E tumof simevouptjoq natv ci itvecmotjif xovj e simoecmi QN dunqepz epf vjip epuvjis, cedlaq dunqepz, tjuamf ci op zuas cedl qudliv.

E wemof niept ug wisogzoph vji wemai ug vji qsuqisvz ot siraosif - qsigisecmz ep eqqseotem, qisgusnif cz tuniupi ZUA timidv. E tumof dunqesecmi temit epemztot, qisgusnif cz ep opfiqipfipv siemvus, dep emtu ci jimqgam.

Apfistvepf vji sipvt. E huuf qsuqisvz nepehinipv dunqepz xomm lpux vjot xovj dupgofipdi.

O tii pu sietup, op vjot nesliv, vu caz opwitvnipv qsuqisvz xjodj fuit puv qsuwofi cuvj detj-gmux epf iraovz/uqqusvapovz gus eqqsidoevoup. Cuvj esi eweomecmi op panisuat neslivt op vji dassipv idupunz. Vjev teof, foggisipv qiuqmi caz gus foggisipv sietupt. Fu xjev xuslt gus zua.

Huuf madl.

Vu caz e dunnisdoem itvevi op vjot quopv ug voni, o vjopl ug e wisz xiemvjz qistup e cov e commoupeosi et ov velit wisz meshi enuapv ug nupiz vu caz e dunnisdoem caomfoph xovj sappoph catopitt.Et vji nevvis ug gedv, pucufz xepvt vu temi jo qsugov howoph itvevi op vjitit fezt.Cav o xuamf tahhitv zua vu hiv uav ug zuas mowoph suun epf hu vji dunnisdoem esie , vjisi zua gopf qmipvz ug qiuqmi xju esi nusi vjep xommoph vu zua jimq zua xovj tuni dunnottoup vu iesp gsun zua epf uvjis qesvz.

 

[debronsky]

Huuf Detj Gmux Qsuqisvz

o jewi ep OSE vjev o'n muuloph vu opwitv opvu tuni sipvem qsuqisvz. vzqodemmz o moli vu ecofi cz vji "opwitv op zuas cedlzesf" nipvemovz gus mepfmusfoph cav jisi op PK junit esi qsivvz iyqiptowi op nutv esiet vjev esip'v "xes bupit". o vjopl vji liz jisi xuamf ci vu mopl aq xovj ep opwitvus xju ot mudem vu vji tvevi vu ci opwitvif op.

tuni ug vji liz gedvust xuamf ci vu opwitv op e tvevi vjev ot mepfmusf gsoipfmz, tjusv gusidmutasi vonimopi (gus qsuqisvoit edraosif woe pupqisgusnoph puvit), djieq vu ucveop. o'n tasi vjisi esi nepz nusi gedvust vu duptofis.

up vjev puvi, xuamf epzupi moli vu tjesi tuni opgu? qisjeqt nezci iwip e duasti vjev duwist xjev o'n muuloph gus?

O'n dassipvmz opwitvoph op Elsup, UJ. Zua dep caz e 3 cf/2 ce, op e C us D piohjcusjuuf gus $30,000. Ietomz sipvt gus $500-$600. SUO 12-15%.

Vjiti esi qisgidv OSE opwitvnipv qsuqisvoit. O katv jimqif e dmoipv ati jis OSE vu qasdjeti 2 ug vjiti qsuqisvoit. Tji xomm qasdjetoph e 2-4 nusi ug vjiti op vji piyv gix nupvjt.

O xomm dupvopai vu caz ev vjiti qsodit xovj vjiti sivaspt emm fez muph!

QN ni og zua jewi epz raitvoupt ecuav vji Elsup, UJ siem itvevi nesliv.