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All Forum Posts by: Kerlous Tadres

Kerlous Tadres has started 1 posts and replied 455 times.

Post: Moving Home to Invest

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

You're spot on, Huntington has potential, but if you're looking to build a BRRRR portfolio with no money, I'd seriously consider Ohio. Cities like Cleveland, Toledo, Dayton, and Cincinnati offer low property prices, strong rental demand, and investor-friendly opportunities.

Since you have skill and ambition, focus on leveraging other people’s money (OPM):

Partner with investors who have capital but need someone local to manage deals. Use creative financing (private lenders, hard money, or seller financing). Find off-market deals through networking, direct mail, or distressed properties.

For your property management goal, start by managing your own BRRRR rentals, then take on small landlords who need help. Tech tools like RentRedi or Buildium can streamline operations.

Post: Advice needed on BRRR strategy in the midwest

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

You're on the right track with 5+ units for BRRRR. Ohio, especially Dayton, Cincinnati, and Columbus, offers lower prices and strong cash flow.

Dayton has the best cash flow and affordable 5+ unit deals. Cincinnati offers a balance of cash flow and appreciation. Columbus has more appreciation but higher prices.
You're right that commercial loans (5+ units) use income-based valuation, making refinances easier. But 2-4 units can be faster to finance and more available, so don’t rule them out.

Ohio’s job market is solid, with strong employers in healthcare, finance, and defense. Inventory exists, but good deals take patience.

Focus on Dayton and Cincinnati for better value, and line up a lender who understands cash-out refis.

Post: Allow me to a quick HI!

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511
Quote from @Rodrigo Serzedello:

Hello folks! 👋

I’ve been a long-time member of this amazing community but never took a moment to properly introduce myself.

• 🏡 I’m a local Real Estate Agent in San Diego, proudly with Keller Williams in Delmar

• 💻 I come from 20+ years in the tech industry, where I led teams and developed data-driven solutions

• 📈 I now combine that tech background with real estate to help clients find hidden opportunities using analytics and smart investing strategies

• 🏠 I’ve personally invested in 10+ out-of-state properties, primarily in the Midwest

• 🤝 I love connecting with fellow investors—whether you’re just getting started, house hacking, or scaling a portfolio

Happy to share what I’ve learned, collaborate, and continue growing with all of you, lets connect!

Cheers!


Hey Rodrigo, 

I'm an investor in the midwest and own 4 doors as well as working on a fix and flip as well. Great to connect!

Post: Investor in SF and Looking Into MF

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

Hey Sahil, welcome to BiggerPockets! It’s great to see your enthusiasm for multifamily investing and your openness to partnerships.

Since you’re interested in GP and LP opportunities, there are plenty of ways to get involved:
Many investors are raising capital for value-add multifamily deals in Ohio, especially in Columbus and Cincinnati. You may find great opportunities to co-GP or invest as an LP in stabilized, cash-flowing assets. Given Ohio's lower purchase prices, JV partnerships are common here, making it easier to co-own properties without needing a full syndication structure. If you're looking for a mix of equity growth and cash flow, many Ohio investors use the BRRRR method or reposition distressed multifamily assets to maximize returns.

I’d be happy to connect and discuss more about multifamily investing in Ohio, potential deal flow, or introductions to local property managers, lenders, and contractors.

Post: Is trying to BRRRR in So Cal where I live possible than doing out-of-state investing?

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

Hey Allen,

BRRRRing in So Cal is tough high prices, low cash flow, and tighter margins, making it hard to pull off. You can find deals, but they’re rare.

If you're open to out-of-state investing, Ohio is a prime BRRRR market with affordable properties ($50K-$150K), strong rent-to-price ratios, and solid rental demand. Cities like Columbus, Cincinnati, and Cleveland offer great opportunities to buy distressed properties, add value, and refinance with equity left in the deal. Plus, Ohio is landlord-friendly, making management smoother.

Next steps: pick a market, build a local team, and start analyzing deals.

Post: What advice can you share for a beginner exploring both local and out-of-state

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

Hi Ying,

Welcome to BiggerPockets! Finding cash flow in Phoenix is tough, and Ohio could be a great alternative with lower prices and strong rental demand. Markets like Columbus and Cincinnati are great for room rentals, while Cleveland and Dayton offer solid BRRRR opportunities. The key is having the right team, an investor-friendly agent, good property management, and local lenders.

What’s your main goal: cash flow, appreciation, or both?

Post: Banking question for newbie

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511
Quote from @Aaron Rushton:

Hello everyone,

I'm in the process of acquiring my first investment property and am currently setting up a property manager. While I haven't established an LLC for this house yet, I plan to do so in the future. To keep my finances organized and separate for banking purposes, would it be advisable to open another bank account or create a separate entity altogether? How would everyone set up for this?

Thank you for your insights!

I would recommend opening another bank account and a separate entity with that new account. Keeping everything clean and organized is the best bet

Post: Looking to get back in the game

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511

Welcome back! Since you're starting with fix-and-flips before transitioning to multifamily, pick a city where small (2-4 unit) and mid-sized (5-20 unit) properties are accessible and in demand. choosing the right market is key. You'll want a city with strong buyer demand, solid ARV spreads, and rental potential for long-term growth.

Ohio has some great opportunities right now. Markets like Columbus, Cincinnati, and Cleveland offer strong demand for flips, while also having plenty of multifamily deals to scale into. If cash flow is your priority, cities like Dayton and Toledo have low entry costs with strong rental yields. Since you've invested out of state before, having a solid local team will be key, especially for managing flips remotely.

What kind of properties are you looking for, and do you have any markets in mind?

Post: Getting started with my first investment

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511
Quote from @Alex Mcfarlane:

Hello, I am Alex. 
I am new to real estate investing but. I am in the Tampa area. I am currently looking for small  single family homes that will cash flow. 

I appreciate any advice on getting started. I would love to network with other likeminded people to assist with analyzing potential deals.

thanks in advance! 

Hey Alex, welcome to the real estate investing world! It’s great to see you taking action. Here are a few tips to help you get started with finding cash-flowing single-family homes in Tampa:


  1. Market Research – Get familiar with different neighborhoods in Tampa and identify areas with strong rental demand and reasonable property prices.


  2. Networking – Join local real estate meetups, REI groups, and online communities (BiggerPockets, Facebook groups, LinkedIn) to connect with experienced investors.


  3. Deal Analysis – Use tools like BiggerPockets calculators, Rentometer, and Zillow to run numbers on potential deals. Always factor in property management, maintenance, and vacancies.


  4. Financing Options – Look into conventional loans, DSCR loans, or private lending if needed.


  5. Build a Team – Connect with investor-friendly agents, lenders, property managers, and contractors who can support your journey.

If you ever want to discuss deals or need help analyzing numbers, feel free to reach out! Best of luck on your investing journey!




Post: Finding financing as a first time investor

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 465
  • Votes 511
Quote from @Nicholas R Facciano:

Greetings BiggerPockets! I'm a young investor (19) passionate about building wealth through real estate. I've been absorbing everything I can about the BRRRR method and have selected a market where I see significant potential. My current challenge is financing. I'm seeking guidance on finding lenders who specialize in asset-based lending, given my limited credit history and the need to finance a distressed property. I'm really looking to connect with experienced investors who've navigated similar situations. Any advice on building relationships with lenders and strategies for overcoming these initial hurdles would be greatly appreciated. I'm excited to learn and grow within this community!


Hey Nicholas, 

Financing is a huge challenge, and I think it's best to try to find an off market deal, then find experienced investors to join you to buy those deals with you!