All Forum Posts by: Alex Olson

I have been looking at properties in the west side and south side of Chicago that look very promising as a rental property. After talking to some real state agents about renting in the area they have warned me about placing money aside for evictions and legal fees. I will build a portfolio of rentals in Chicago. I am curious to know what other states that I can invest in that are more landlord friendly.

Hey, everyone! My name is Logan Reuter. I am a 21 year old who is finishing up my bachelors degree (online) and have just completed my first BRRRR. I work full time as a construction sales rep in St. Louis, Mo. Although my job has given me very good income, especially for my age, the goal is to burn the bridges and become a full time real estate investor. I am pretty knowledgeable when it comes to investing, can talk the talk, and have definitely done my homework. I am wanting to work for a real estate investor / company in the St. Louis, Missouri area. I am not necessarily looking for a high income as I believe the knowledge and experience I gain will be much more valuable than the short term gratification of a higher income. Am just wanting to provide value in any way that I can in exchange for the opportunity to learn the business and grow my network.

Any pointers for myself and others like myself who want to get their foot in the door working for an investor?

I appreciate the feedback in advance!

I am going to do my best to make sure this is not long winded.  I have bought and sold 8 homes in the past 8 years (flip properties) and have been fortunate to make a decent return on every property with the exception of one (we relocated from KC to NJ and the property was going to be our next "home") and currently operate one "expensive" rental in Kansas City on a Lease Purchase.  We had hoped to start investing in real estate in NJ however the cash flow is substanially lower due to high taxes and are looking to purchase single family and multi-family homes in Kansas City.  

Right now I have about ~$80k + $40k (in my IRA that I may deploy) to start buying more homes in Kansas City, but would like to identify interest only lenders so I can cash flow the properties from day 1. I have been reading "The Advanced Guide to Real Estate" and it seems that short of using OPM this may be the best route to start off. I own a recruiting company and average ~$180k-$300k annually and my wife (W2) will bring in ~$160k+ this year.

We have good credit (700+) and want to find a strong partner to get into deals with or find someone that will offer us a interest only mortgage.  

Any recommendations? 

I invest out of the state I live in. I looked for a PM and the PM recommended contractors. You could also ask the realtor. Bam, you got an OOS team.