All Forum Posts by: Allen Seto

Hi All,

Any investors here working in rent to own or lease option deals in the Cincinnati, Ohio or Northern Kentucky area?  If you know of anyone please let me know.  I have a contact who may be a very motivated potential tenant buyer.  They are looking for a home in a better school district for their daughter.  Husband and wife make good income (he is in sales and she is a bank executive), but dealing with poor credit issue.  Let me know if you, or if you know of someone who could assist.

Hi @Paige , welcome to the forum. Is your purchase going to be for your primary residence or is it an investment property you are looking to rent out? 

Awesome!  See you guys there.

Hey guys @Haseeb Awan @Harrison D.

I am helping to organize a Cashflow/Networking event here in Ottawa. Good opportunity to get out and talk/ask about real estate. And just to hang out with some like minded folks with food and drinks. It is coming up on October 4th. Hope you can make it. And feel free to invite others.

It's being organized through Meetup.com.  Here is the link:

https://www.meetup.com/Ottawa-Cashflow-Meetup/even...

@Haseeb Awan

I am interested for sure!  Let me know when and where and I'll do my best to make it happen.

Hi @Brad Dillman, nice to meet another Ottawa investor.  I will try my best to answer some of your questions (take it with a grain of salt - I am no expert in these areas).

Appraisal - From what I understand, banks/lenders use 3rd party companies to do appraisals.  It is based on market comparables and the condition/upgrades of your specific property in comparison.  Keep in mind that to a bank (and the appraisers) they will appraise it at what they think they can sell it for if the property owner defaulted and was foreclosed on.  So what "value" you put on your home may differ from what the appraisers say.  Quite frustrating when you are trying to re-finance to pull equity out....

Credit Check for Tenants - Check out Tenant Verification Services https://www.tenantverification.com

Rent-to-Own - There are many ways to go about this.  I suggest reading this book (which is Canadian specific!):  https://www.amazon.ca/Investing-Rent-Own-Property-Investors/dp/047073759X

Estimate Rent - Looking at comparables is the best way.  Kijiji, Realtor.ca, Padmapper, Rentometer are all great resources.

Best of luck. I recommend you check out OREIO here in town. It is a great REI group, very well run, and they meet once a month. Check out the website: http://www.oreio.org

Hope this helps.  Keep active and keep digging through Bigger Pockets!

@Manwell Watts Good for you for having the guts and courage to dive into this at such a young age.  Very impressive indeed.  I wish I had the wisdom and foresight that you display back when I was 19.

It sounds like you have the motivation and work ethic to figure it out.  So keep at it!

@Sterling White I found that that it all comes down to one thing.  What was ultimately stopping me...was myself.  Needed to overcome all the questions and doubts in my own mind...

Hey @Luther Jackson....great you are excited and found this site!  Keep your momentum going.  Learn lots and dive right into as much educational info as you can.  The Forum, Blog posts, podcasts are a great start.  Check out books that people recommend.  And don't neglect getting out and talking and meeting people.