All Forum Posts by: Jonathan Pavkov

I'm from South America and in the previus stages of real estate investing. Recently joined this interesting site.

As investor I'd like to use as little money as possible out of my pocket and make a great return, so that ,I'll try to find deals in order to purchase a near rent ready property in the $35/$50 K range and shoot for as close to the 1,5/2 %rule as possible while the investiment 'd be In cash.

As a foreigner, I 'd be passive since I could make a trip to U.S once a year, so that ,I'm thinking on buy home class B-/C cash flowing and any appreciation 'd be a bonus.

I'm still undicided so my invest destination could be Detroit or Baltimore..

According to my goals detailed above, I ask you:

1) Detroit or Baltimore?

2) Whitch Zip Codes could be better.

3) Any advice would be appreciated.

Sorry for my poor English and Thank you in advance.

I am considering adding some properties to my rental portfolio.  From time to time, I run across a property for sale with significant recent unpermitted work.  I am curious about other's thoughts on this.  I do like the peace of mind that comes with the knowledge that the work has gone through the official permitting process, as this significantly improves the odds that is was done correctly and will not be a problem later.

I am wondering if it is a good idea or a bad idea to purchase a property with significant recent unpermitted work if I can get it for enough of a discount to have all the work inspected, fixed if necessary, and perhaps retroactively permitted.  I recognize that there are difficulties inspecting things that are behind drywall and the like.  With plumbing, I am of the thought that I can get a pretty good feel for the quality of the work by looking at what I can see, and then fix anything that shows up later.  

With electrical, I would suspect that the safest way to go would be to pull permits and do a whole house rewire, even if the wiring looks new.  I suspect it might be allowed for me to reuse most of the boxes, outlets, switches, and lights, but would likely have to replace all the wire that was pulled behind walls as well as the main panel.  

I am interested in feedback concerning legal aspects, insurance aspects, financial aspects, and anything else one might happen to have, and any idea for how to use the unpermitted work as a negotiating point on price.  

Greetings,

I'm looking for recommendations for an accountant that would have knowledge regarding s-corp and K1 reporting with a few curve balls thrown in, as everyone's situation is different. Familiar with either Tennessee or Florida regulations.

Any help would be appreciated.

Best regards,

James

Hello BP group,

I am looking for CPA recommendations.

Thank you,

Matt

Currently just left my job in Michigan to move back to Ohio and now getting a loan is going to be a little harder then I thought. Any suggestions i should do for getting my next rental without getting loan ? 

@Balachandar Duraiswamy prices definitely have!!

I invest in Columbus OH as well for more cash flow and have definitely had good success so far! It's pretty doable to get a 10% COC return were as AZ maybe 3% but you get that amazing appreciation so I try to do both! Let me know if you ever have questions on both markets!

@Tyler Bolton I'm investing in Columbus OH. My girlfriend and I have one single-family rental there and hope to BRRRR more, either single-family or small multi-family. It's got a growing population, and the two biggest employers are Ohio State University and the State of Ohio. I doubt either one of those is getting smaller anytime soon and obviously, neither is leaving. The CompTIA Tech Town Index 2020 ranked Columbus 14th in the nation of their tech cities and #1 for the cost of living index. Columbus is pricier than some other cities in Ohio but there are still properties that cash flow well unlike where you and I live.

If you want to check out some other cities I would research 

• Tuscaloosa AL
• South Bend IN
• Des Moines IA
• Kansas City KS, and
• Columbia SC. 

When I ran some metrics a few months ago, they all had 

• Zillow median home value below $180,000
• Price to gross annual rent ratio below 12
• Property tax below 2%
• Positively growing population
• no lower than 20% growth in income between 2000 and 2017
• no lower than 40% growth in home value between 2000 and 2017

I have a triplex in Ohio I am interested in. After checking with 2 insurance brokers and a few online quotes. My best premium is way too high. Any help is appreciated! 

Hi

Looking at hot markets like South Florida, San Antonio and Columbus and home prices are at their all time peak. Do you guys still buy or wait it out? Are there any markets that can still get a decent ROI?

Looking for a solid contractor in the Cleveland Ohio area that licensed and has experience with fix and flip rehabs. Please contact me.