All Forum Posts by: Joshua Hively

@Christopher Powell II Like mentioned above, you shouldn't have trouble if the property is habitable. We are working through one now. Shoot me a message and I can forward you the contact. 

Check out Brandon Turner's Youtube video,

https://youtu.be/hrOR9mYk0Vs

Sounds like you have at least 24 hours left. Jump on the phone, see if you can still pull it off! If nothing else you will have at least made some contacts. Is it an online or in person auction?

@Scott Passman Nailed it! The only thing I would add, is meet and talk to property managers. They know a lot!

Good tip! Thanks for sharing.  

Welcome to BP Josh! There is a wealth of knowledge and some pretty cool folks around here. The wife and I are going to closing our first deal, a 4 unit house hack, and pay off the student loans in 2019! Feel free to reach out if you want to chat and I can forward you some names of agents and lenders. 

@Shalene Wooten Welcome to BP. Generally speaking, the more info you can provide to the group the more detailed and helpful information the group will be able to return. What city are you considering in Ohio? What type of loan are you interested in? What type of investment strategy are you planning on pursuing?

Also sort of curious... I am currently working for a friend mailing probates. The leads are from a subscription service. After digging through the first batch, I am beginning to question the quality. I might take a trip down to the court house and see how the list compare. After a quick google, those leads do seem pricey. I will try to figure out our cost at our next meeting and I will let you know. The other thing to consider is maybe we can teach/pay someone else to run down to the court house.

To avoid high list prices, try avoiding the list! 

@Graham Nadler Welcome to BP!! Like Rob said, if you are looking in A to B class neighborhoods, you are going to have a hard time cash flowing as an owner occupant. Basically in this market, you need to find motivated sellers with off market properties. We are about to close on a 4 unit in 43214 just barely out of 43202. We are planning to owner occupy and 3 units are going to just cover the mortgage. This is a deal with a motivated seller and currently off market found from networking with the property manager. When we run the numbers on owner occupied property, in A or B class neighborhoods, we try to make sure they are good long term investments. I don't mind helping cover the mortgage for a year as long as they are cash flowing after I move out. In a lot of cases folks find, that costs is half or less than what they are currently renting at. Which helps build capital for future investments. In theory, as an owner occupant, quadlex is better than triplex, triplex is better than a duplex, duplex is better than a single. Feel free to reach out if you want to get together some time and chat. Also check out some of the local groups or meetups.