All Forum Posts by: Ian Kurela

Hi Tashoma, Welcome to BP. Congratulations on your recent success with your properties. It seems like it is fairly difficult to find the cash flow with such high purchase prices. 

For the third property, I would highly suggest networking and speaking to local lenders. Perhaps someone with more local expertise can lend a hand here. Additionally, I would absolutely connect with a wholesaler. There are thousands (specifically around 15k) real estate agents in the greater Charlotte market and with the demand that is being experienced here, prices on market deals are through the roof. Wholesalers are probably your best bet when trying to find a low priced property in order to cash flow. But beware you might have to act fairly quickly when the deal gets in front of you.

Best of luck to you! I am fairly new to the area and would love some insight into the geography. Let me know if you're interested in talking!

Hey Jordan. I guess your post just got bumped! Great to see that you're going to start getting more active on BP. It was great meeting you last week at the meetup. 

@Steve Maginnis That's interesting what you're saying about Gaston. Is that primarily where your business operates?

I know Jordan Gay has worked with a number of investors before. I'm not sure if he is on BP but I can  PM his email if you would like

Hey Jason, welcome! Really cool to hear about your experience with Warren. I had a professor who had met with him a few times (His mother is very good friends with Buffetts') and mentioned that he always had some wise saying to throw out. Best of luck with continuing your dreams and thank you for your service. If you're ever looking into the NC market, shoot me a DM!

@Ray Harrell Awesome. Thank you for the explanation!

Just to clarify: So then the home will be in the LLC's name? And the mother's rental payments will go to the LLC, which will in turn pay off the mortgage? What is the advantage of this?

Hi Erik, welcome to BP! I actually just moved to Charlotte and let me tell you first, it is extremely competitive here. Would still love to talk to you about the area and learn a bit more about your goals. Let me know if you want to set up a call and chat more. Happy BPing!

I loved the analogy of a train as a business. It's so difficult to get it started but once its rolling, everything falls into place. 

I have some experience with out of state investors. I worked mainly as the "boots-on-the-ground" for a variety of them during my time in Cleveland. From my point of view it can be very rewarding and lucrative as long as you have the systems to back it up. Overall, investing out of state needs a lot more up front planning and networking than investing in your own community. You need to know rehab teams, brokers, other investors, PM, etc. I suggest finding a young, hungry agent like myself in your desired location! PM me if you want to talk more about this! Best of luck,

This was an awesome event! Much better turnout than I expected. Thank you @Chris T. for putting it together. Met a lot of great guys and gals in the REI world