All Forum Posts by: David Hernandez

Hi Everyone,

I am super excited to announce that our company is "this close" to closing our first deal (close date is 7/23) of two 4-plex properties. These forums and this community has been a huge inspiration to me as well as a wealth of knowledge. I would like to thank everyone that has helped me along the way in answering questions and contributing to other posts.

The next item on the agenda for us is setting up a software/ process for tenants to submit rents and any maintenance requests that they may have. I want to be able to automate and streamline as much as possible.

Thanks,

David

@Nathan Haws thanks. I am trying to get into multi family units but it’s good to know that there is some cash flow potential.

@Jeff Tyndall, I am definitely looking to invest in a B or C property and willing to take a lower return rate on the right investment.

Would love to connect and talk some more!

@Remington Lyman, I was looking for properties with good cash flow potential. Cap rate didn’t really enter my mind mainly because I was under the assumption that cap rate did not matter as much until you got into commercial properties. Is this correct?

Hello everyone,

Starting to look at some duplex fixer uppers (the uglier the better) in Columbus, OH. I am an out of state investor, planning on going to Columbus within the next 2 months. I wanted to get some feedback from people that live in Columbus, and/or are investing there currently as to the best areas to look at. Areas to stay away from?

Thanks,

David

@Art Mimnaugh this gives me some relief. I do have a lawyer helping me out with all this and we have discussed everything you have mentioned. At least I’m starting off on the right foot

@Jeff Tyndall thanks, I am currently getting this done as well

@Will Fraser thanks! Interesting, so as long as I have my LLC in place I'm good? That makes it easier, thanks!

Hi everyone,

Hopping to get some insight on the type of business license or permits an out of state investor would need to get in order to invest in Columbus, Ohio. If any at all.

Thanks,

@Tom S. Interesting, okay. Are all your properties under your name? If so, are you still able to get the tax advantages that you would from creating a corporation?