All Forum Posts by: Kerlous Tadres

Hello everyone,

I'm a new investor from California, I've always been interested in real estate and dabbled with wholesaling while playing football in college, but didn't find success. As I finished up my collegiate career, I've been really trying to gain as much knowledge as possible on real estate investing, reading everything I can get my hands on. I'm at the point where I know I have to take action! I'm ready! I stumbled across BiggerPockets, and love the authentic threads and responses! So I decided to ask for some help myself.. 
I've been looking at a few properties and really feel like I found something special. It's a distressed single family home (definitely a rehab property) but after running the numbers and comps, driving by it to check out the neighborhood, and area, I know it's a smart investment.. Only problem is the capital (lol of course, right). I wanted to leverage my fathers VA loan to get this home and use their rehab loan to accommodate for the renovations, but long story short, we (he) were barley approved for the asking price of the home (500k) and any renovations we would want to do to the home would need to be within that number.. even if we got the price reduced down significantly, the house is going to need major work.. so the only way to do it is by having another source of capital. I know it would be ideal to do a DSCR loan but I don't have enough to put a 20% down payment for the loan amount of the home. I've been considering hard money loans, but this is where I need advice.. would getting a hard money loan be a smart idea if I don't plan on flipping the home? If so, how would I go about paying off the Hard money loan? I personally think this would be a great property to practice the BRRRR strategy on, but I just need advice on what's the best option for obtaining capital first for this home?
and I think it's worth noting that I don't have two years of W-2s yet, (as I was on a full ride  and never had to work during school..) my credit score is around 640, and I only have around 10k to my name saved up. Just being completely transparent..

I look forward to any insight I can get, and appreciate your time! 
Sincerely.

I've been considering  moving out of state and debating on moving into either a single family home or a totownhouse. As a single guy with no kids, I'm still trying to learn if a townhouse is like an apartment where I rent but never own? 

I’m new to real estate investing and eager to learn more about getting started with rental properties — both here in California and out of state.

I’m hoping to connect with experienced investors who might be willing to share insights or even mentor me on navigating the process — from market research and financing to property management and scaling.

If you’ve been through this journey and wouldn’t mind sharing some guidance, I’d love to chat! Whether it’s a quick call, a Zoom meeting, or even ongoing mentorship, I’m open to whatever works.

Looking forward to connecting and learning from you all!

Hello everyone I am getting ready to start my real estate journey and wanted to know who should I look for first to build my core 4 team?I just joined a real estate group near me.Trying to figure out my next steps now that I am ready to start looking at properties and how would I go about finding a real estate agent,lender,Property manager and contractor and in which order?

Hi Everyone,

I just recently moved to Charlotte, NC - originally from Cleveland, Ohio so the real estate market is very different. I have always been interested in real estate investing and am looking for my first deal. I would ideally like to do the BRRRR but not sure if that is the best strategy in this market. I am open to suggestions - if this is more of a fix n flip territory I am open to that or even doing BRRRR back in Cleveland, Ohio since I still have connections to the real estate market there.

Would love to connect with local investors in the Charlotte area to get a better understanding of the game and provide value to you as well where I can! 

Hello BiggerPockets community! I'm Brandon Pickard from Delphos, Ohio, passionate about real estate investing for the last 3 years. I'm particularly passionate about Fix and Flips. 

Outside of real estate, I enjoy time with my family and fishing

Excited to learn and connect with you all!

I've been learning a lot about real estate investing and am eager to take the plunge. I currently rent, do not own primary residence. I want to learn as much as I can in my first year of investing so I am thinking to try a few different things:

Syndicate: I have some capital that is in stocks that I could put in a syndicate. Get more real estate exposure (none in my overall portfolio). Get better at analyzing deals and learn from professionals to see what they look for in their PPMs/deal analysis. Any syndicate recommendations?

House Hack: once my lease is up in a few months, plan to buy 1-4 unit and live in it and rent out the rest. Get some hands on experience with land-lording. Plan to self manage, but hire out all repairs (e.g., handyman, contractors). Do not want to fall into the pitfall of working "in the business" not "on the business". Eventually move out once it can cash flow (and hire a PM), maybe after a couple years.

Long Distance Rental: look for markets with good cash flow. The minimum bar is that my first deal just won't lose me money. If I can just be break even (with reserves) and have a tenant paying off the mortgage that is good enough. Will of course try for better but may be difficult being long distance & a new investor.

My thinking is to do all of the above within the next year. Since I haven't done any actual real estate investing before, learning is the most important part. I am doing all of these will fast-track my experience as an investor.

Anything you think I should watch out for? How is this plan for a rookie investor? Any syndicate recommendations? Or general advice?

Hello,

I just purchased a duplex in Louisville, Ohio and close soon. I am 25 years old and this is my first investment property. Would you advise a young person like myself to do something like this? 

purchase price 290,000 at 7.35 rate

Can get about 2500-2600 a month in rent. 

happy to answer other questions but I'm very new to this so feeling iffy about it.

where is the best city, that is landlord friendly to get real estate that you can rent out to retirees? My categories new potential investor, low start up capital, open to out of state. 

Looking for recommendations of banks/credit unions that people have used to finance long-term rentals in the Cleveland, Ohio market. I  have a deal about to go under contract (tri-plex) and have 3 long-term rental duplexes currently in the area.