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All Forum Posts by: Colby Zeller

Colby Zeller has started 24 posts and replied 54 times.

Hello BP, I've been debating on how to proceed in my own journey when it comes to agents. The market Im looking to invest in doesn't seem to have many if any Investor friendly agents who are active. I've tried looking into BP and other websites but it seems most agents in my area are pretty strict on conventional methods. Is their anyone in the Springfield, Ohio or nearby areas who have any connections or ideas to help with my problem ?

Hello BP community, I've been looking to attend meet-ups in my area but am having a little trouble finding any. I'm from the Springfield area but I am also looking at the Dayton market area as well and would love to network with like-minded investors ! Any connections would be great thank you !

Post: Newbie investor in Ohio

Colby ZellerPosted
  • Posts 55
  • Votes 77

Welcome to BP ! Ohio is a great place to be at wishing you the best of luck !

Post: Sub-to versus Conventional Methods

Colby ZellerPosted
  • Posts 55
  • Votes 77

Bp Community, I plan on buying my first property after I graduate school in Dec 2023. Recently Ive been debating the best way to fund my deal, and I've recently discovered a little method called sub-to. Its seller Financing on what ever your own terms are to little or no down depending on how you negotiate the deal. If anyone with any advice on the topic or experience would clarify for me that would be great ! Also any input to what method works the best for people starting out would also be very helpful thank you !!!

Quote from @Dennis Muno:

Yes, FHA has an UPfront insurance premium factored into loan at start with a monthly insurance premium baked into your monthly payments every month. I believe once you go below 80% LTV you should be able to cancel your MIP. Check, I'm not sure about this


 will check into this thanks !

Hi BP community, I have some questions about the FHA Loan Mortgage Insurance premium, and other relative cost when using this house hacking method. I plan on buying either a Multi-family/Single-family home to make my main residence, then using FHA methods to finance the property. I was looking into the loan details and saw there is an added insurance premium added on to your monthly payments, and was wondering if this is accurate information. Any thoughts or details given would be greatly appreciated !

Post: New Member Introduction

Colby ZellerPosted
  • Posts 55
  • Votes 77

Welcome to BP ! Congrats on the degree my man, glad to see other likeminded younger people joining the community.

Quote from @Charles Carillo:

@Colby Zeller

I would not hire a PM for a house hack unless you travel for extended periods of time. A thorough tenant background check will make your life easier. Have a list of requirements you want your tenants to meet, and ensure they meet them. Figure out how you want to accept payment from them on a monthly basis. Next, make contact with a local handyman, possibly one good one that will come over once and a while to fix issues that might arise. Finding good tenants, and having assistance with repairs will alleviate the majority of your headaches.


 thanks for the tips ! this was really helpful 

Hello BP community, I've recently been having A internal debate with myself on how to proceed with the question I have stated above. I plan on buying my first residential multi-family property after I graduate college and get my finances in order, but the question is should I work with a PM if I am house hacking? I will be in the unit next to my tenants and I also know how to fix a-lot of issues, but not all issues, I know Property managers do way more than just fix issues, would love to hear BP's thoughts on this !