All Forum Posts by: Chris Stromdahl

@PATRICK SEALE 

My experience is that the higher quality property/lower cash flow potential vs lower quality property/higher cash flow potential decision is one that only the individual investor can decide for him/herself.

It is dependent on what is important to you as an investor.

I know for me, I am leaning toward higher quality properties because I would prefer to work with tenants that appreciate the housing I provide and may be more willing to live there longer term. Plus, the need for upkeep/maintenance may be reduced.

I am not so much worried about the property appreciating as I am about getting the mortgage paid off ultimately. 

Try reaching out to James Wise:

https://www.biggerpockets.com/users/fritzbucyrus

I have not worked with him, but he contributes regularly to the forums and from what I can tell from his profile, he is a good contact in the Cleveland, OH area.

Thanks, Chris

@Christopher R. 

Hi Christopher,

I have not done any direct mail campaigns yet, but have been collecting information on it in preparation for when I come to that point in my business plan.

Here is what I have discovered:

Listsource for acquiring lists of potential deals based on the target market:

http://www.listsource.com/homepage/index.htm

Yellow Letters for putting together the material you are referring to:

https://www.yellowletters.com/category

BP podcast:

http://www.biggerpockets.com/renewsblog/2014/07/31...

Good luck, chris

@Kyle R. 

Welcome to BP!

Congrats on getting started early.

Have you thought about where you want to invest?

Start networking:

http://reapsweb.com/

http://www.reiawa.com/ClubPortal/ClubStatic.cfm?cl...

And of course the BP podcast is a wonderful source of information, plus it is fun to listen to:

http://www.biggerpockets.com/renewsblog/category/p...

You can download it from the Apple Itunes.

Keep at it, Chris

@Albert Bui 

Thank you for responding.

These are great questions, I appreciate the support.

@Hattie Dizmond @Steve Babiak @Elizabeth Colegrove 

Wow, thank you all for the detailed response. Closing costs are the less exciting, but necessary expenses that I need to learn to budget for. I had no idea they were that involved.

I will confirm how closing costs are structured based on the state I am focusing on.

I appreciate the support.

Chris

@Ned Carey 

Thank you for the input.

I will start making the calls and making connections.

I may reach out to you in the near future.

@Joe Impagliazzo 

With your permission, I would like to make contact with Ian Horowitz of Charm City Cash Cow/Timber Property Management. Unless you say otherwise, I will call him this week.

@Ned Carey 

...continuation from my previous post.

What feedback do you have about Baltimore County in terms of overall investment potential?

Still interested in learning about why Baltimore City is tough to get financing in.

 Hi Ned,

I have started looking into Baltimore. 

Why is it tough to get financing in Baltimore City?

What is the solution for this?

I know this may sound like a crazy question, but I would like it clarified.

• What are closing costs?
• What expenses are including in the closing costs?
• Any general rule of thumb/guideline for estimating closing costs?

Thanks, Chris

Welcome Dan,

Cubicles are boring, learning about REI is fun!

Have you started listening to the podcast?

It is great, and as a fellow salesman, is wonderful, productive time spent on the long drives.

Good luck, Chris