Tammy Inglis, Real estate agent for Michigan (Liberty Way Realty )

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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Stay away from the HOA's and life will be fine.  Many of these prohibit non owner occupied homes.

 

Sep 10, 2015 02:58 PM
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Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Every municipality makes their own rules, as do the hoa's.

Jan 20, 2019 02:59 AM
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Tammy - Find a good neighborhood, stick to most common 3bd, 2ba, mid-range priced homes for your area in communities near employment, schools, shopping, etc., and have a good property management company. Find an area that is appreciating in value.

When flipping, hire the best contractor you can find and have them preview the homes in advance of purchasing. 

Sep 10, 2015 03:28 PM
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David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Tammy,

 

Have them look at least duplex’s or tri-plexs and preferably 4 unit apartments. So many single family investors kick themselves when they find out how much better a deal multi units are.

Sep 11, 2015 06:39 AM
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Jack Lewitz
IL Real Estate Specialists - Evanston, IL

There are no restrictions on renting homes but an investor and agent should know that buying a home and then renting it does not come without some risk .  Location is important because if your tenant needs something then you may need to drive to the property . Real estate taxes , market rent and cash flow are all important issues . Also I have found finished basements are a plus.

Sep 10, 2015 10:50 PM
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Get familiar with CAP-rate analysis and look at the areas; who is your most likely tenant and do you want them? Here in San Diego, I know based on where my clients buy, they will either have college students, military, single professionals or families, among other "tenant groups". All other comments I've read seem to contain great advice collectively so I digress to them. 

And despite Michael's comment, we're not all difficult  to work with, but I will say he's correct in that some are more challenging than others; but that's true of re-sale buyers too.

Sep 10, 2015 10:47 PM
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Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Typically you'll wan 3 bed 2 bath at below market price. See if there are any property wholesalers who can provide properties.

Sep 10, 2015 10:42 PM
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
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For investors it would be price point.  Location would come in a close second.

Sep 10, 2015 10:26 PM
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TeamCHI - Complete Home Inspections, Inc.
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Home Inspectons - Nashville, TN area - 615.661.029

 Good Friday morning Tammie. I have worked with some investors and they are a real bother to work with and for. Good luck!

Sep 10, 2015 07:17 PM
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Hood morning Tammy. The answer will be different for all of us, for me it is all about price, rather than location and no condos.

Sep 10, 2015 07:06 PM
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Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

get the area and size that appeals to the greatest number of renters. so its like baby bear mama bear pappa bear.  safe is the key. 2. pick a management company , if the investors are green start shopping mgmt companies now. there is so much more. i would stick with 3 bedroom 2 bath. have a home inspector or someone qualified check it out early. dont wait til u get into contract

Sep 10, 2015 02:07 PM