All Forum Posts by: Kerlous Tadres

Quote from @Nick Kurtz:

I have multiple funds and PE I work with, the criteria are slightly different for each but the majority follow these:

3/2, 1100sqft+, 1970 or newer.

Markets: Akron, Atlanta, Birmingham, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Dayton, Denver, Greensboro, Huntsville, Indianapolis, Jacksonville, Kansas City, Knoxville, Lakeland, Lexington, Louisville, Memphis, Nashville, Oklahoma City, Orlando, Phoenix, Raleigh, St. Louis, Tampa, Tucson, Tulsa

Hey Nick, I think I would be able to know the best way to find deals in Dayton, Cincinnati, Cleveland, Columbus!

Quote from @Luis Negron:

Hi my Name is Luis negron and my goal has been to own as many units as I can buy to be financially free. I own my own barber shop here in Moreno Valley and I'm producing good cash flow within my business I think I'm ready to house hack and buy my first property but what are some mistakes I should avoid or tips you are willing to offer? 

 Learn the basics, build a team(great realtor, property manager, contractor, and attorney), and go from there, Luis! Best of luck in achieving financial freedom

Quote from @Cassandra Alabada:

Hello all.

Real Estate Newbie who would love to get into the game. However, I am having both analysis paralysis and hesitation. It's part of my personality to function systematically, observing both sides of the coin, and come to a consensus knowing the potential outcomes with it's risks. As of now, I was hoping to get your thoughts on the following ideas:

1. Using a 401k towards investment, specifically, using a old/stagnant 401k from a former employee. Is it worth rolling it over as a solo 401k, LLC versus withdrawing?

2. Starting off with single family rental homes or utilize creative financing to obtain a larger acquisition such as an apartment complex (multifamily home)?

Hope to hear from you all. 

Thanks!

-Cassandra

Start small with single-family rentals if you're new to the game. They’re easier to manage and can give you steady cash flow while you get your feet wet. As for the 401k, rolling it over into a solo 401k for real estate investments can be a smart move, but make sure you understand the rules; there are penalties if you withdraw early. If you’re itching for bigger deals, creative financing can get you into multifamily, but it’s a lot to juggle when you’re starting out. Focus on building experience and cash flow first, and the bigger deals will come.

Quote from @Michael Santeusanio:

A lot of new investors I’ve spoken with lately are asking:
“How do you fund a flip without using your own cash?”

Quick answer: It’s possible — especially if the numbers make sense and you know where to look.
I’ve seen investors structure deals using creative financing options like hard money, gap funding, or partner capital.

If anyone here wants to brainstorm funding strategies or share what’s worked for you, I’d love to learn from others too.

Let’s connect & collaborate!

Hey Michael, I would recommend learning how to add value to an investor first, and then partner up with them! Learning from others is the biggest advantage

Hey Mike, you're asking the right questions. After factoring in things like property management (8-12%), taxes, insurance, maintenance, and potential vacancies, you can expect to keep about 40-50% of the rent as profit. Plus, you'll need to plan for repairs and turnover costs.

Think of it like this: tenant moves in, you cover the basics (maintenance, rent collection), then they move out and you prep for the next one. Focusing on areas with strong rental demand and growth potential will help boost your profits.

Hey Dana, the biggest challenge with long-distance investing is building a reliable team. I recommend thoroughly vetting property managers, contractors, and agents with experience working with out-of-state investors. Use tools to monitor properties and stay in regular contact with your team. Networking with local investors can also help you find the right people. Once you have the right team in place, it gets much easier to scale.

Quote from @Gabriel Reyes:

Hi everyone! My name is Gabriel and I just graduated high school and want to get into multifamily real estate investing and I need some pointers on where to start. I've been educating myself with Ken McElroys books 

Hey Gabriel, welcome to BP! I would recommend trying to network with other real estate investors and putting yourself in classes that will help teach you about finance! 

Hey David, I’d recommend using your home equity to buy a multi-family property or a property that needs some work, this gives you more cash flow potential. Look for areas where prices are still affordable, but rental demand is high. Also, consider creative financing options like seller financing to minimize upfront costs. A fixer-upper with value-add potential can boost your returns, especially if you can handle some of the work yourself.

Hey Mike, That's awesome, you're using your VA loan to get into multifamily investing, it's a fantastic opportunity!
I’d recommend dedicating time each day to analyzing deals and talking to agents. The key is really understanding the numbers and building your network. As you connect with brokers, let them know you’re actively looking. Sometimes they’ll have off-market opportunities that aren't listed online.
Also, start reaching out to contractors and lenders early on, so when you do find a property, you're ready to move fast.

Chris, Toledo can be a solid market for cash flow, but be careful with hidden rehab costs and longer vacancy times in tougher neighborhoods. I'd recommend doing a thorough inspection and making sure your ARV (after rehab value) justifies the investment. If you have a solid contractor team and the right numbers, these deals can work well. Let me know if you want to chat more about the Toledo market!