13 steps to find a property for rent in the United States, without leaving home. Preliminary steps: 1) Find …

13 steps to find a property for rent in the United States, without leaving home. Prerequisites: 1) Find the target area where you will search for properties. There are attractive areas in the United States for different types of transactions: Florida, Georgia, Oklahoma, Cleveland, Baltimore and of course Texas, and probably other areas I have not mentioned. There is no such thing as the right area, just decide on the area that most looks to you, and focus on it. 2) You can find a way to get a steady flow of assets in the area you choose – you can physically search the Craigslist properties that are published on the same day, you can find wholesalers who sell deals below the market price, or you can find a lawyer to go to the city once a month and buy you foreclosed properties … There are countless ways to work, and it depends mainly on how much you want to be active in the game. Whether you want to fly here from Israel every few months, or you will find someone to work and find assets here for you, decide on a work route, and come on. You got a property from one of the sources, what now? 3) When we are looking for rental homes for a long term, ask the following initial questions: Size of the area? Home size? how many rooms? How many services? Year of construction? And price? 4) Check the rental horizon and try to understand the full potential of the place. There are areas with huge demand for apartments with 1 room, so it pays to split assets in order to increase the return on rent. There are areas where demand for large houses with many rooms is much larger, and splitting of the property can significantly damage the value of the house. 5) High return on rent can indicate a high crime rate, so the next test will be an up-to-date examination of all the crime data that occurred in the area of ​​the property during the past months. We want to avoid areas with many small crimes, or areas with violent crime. 6) Check the level of schools in the region: elementary, intermediate and high school. In the bar of 1 to 10. We’ll usually look for 5 or more. 7) We will examine the extent of the risks posed to us by the elements. And make sure they are minimal. 8) We will get snapshots of the demographic situation: Which populations are living in the area? What ages? And what is the average income? 9) We will examine more advanced data – what is the value of the average household versus the average income? What is the animal level from 1 to 100? What is the unemployment situation? What percentage of assets are leased in the area? Does the municipality make it relatively easy to obtain building permits? What is the cost of construction in the area where we build? What industries do you have in the area? And more questions … 10) We will include all the data we examined in a methodical and simple process, to the Excel table we prepared in advance, and we will see how the deal looks for us. 11) We will send our field man, or we will reach the area ourselves. Traveling or walking in the neighborhood and the surrounding streets will help you understand the nature of the area. And we must verify that the rental rates, the value of the house, and the potential of the neighborhood correspond to the standard of living on the ground. 12) A comprehensive review of the house, and preliminary planning of how we will change the property, how to repair the property, what to add to the property. And how much it should cost us. 13) Women bid on the property, and hope it will catch. Happy holiday! And thanks for reading 🙂 See you on the last post of tomorrow Link to the original post on the US Real Estate Forum on Facebook – working on a desktop computer (to view this post you need to be a forum moderator) The original responses to a post can be read at the bottom of the current post page on the site or on the link to a post on Facebook and of course you are welcome to join the discussion