All Forum Posts by: Kerlous Tadres

We are looking to purchase a rental property with a positive cash flow, we reside in Jersey City and all the properties seem to be either out of our budget or not having a positive cash flow potential.

So as an alternative, we are considering purchasing out of state potentially in Florida or Texas. I wanted advice if, this would be a good idea as a first-time owner.

As a first step, we are thinking of finding a good agent in the areas we are interested in. Should this be the first step and if so what is the best way of finding a good agent?

Which areas or states would be a good opportunity for a first-time buyer and what are some basic things to keep in mind and be prepared for while buying the property and also during the first year?  

Hi BP, new investor looking for my first long term rental with section 8 strategy in class C neighborhoods.  I’ve met many agents and PM within the last few weeks but haven’t found a PM yet that specializes or have built their PM business with section 8 as the backbone (what I’m looking for). Most PM I’ve met seem to only work with section 8 because they have to or avoid it all together. 

I purchased a property via auction in Fostoria, OH. According to the auctioneer, one unit is occupied. I was hoping to find a property manager to manage the property...but the problem is I can't get in contact with any PMs in the area, mainly because Fostoria is a very small town. I cannot communicate with the tenant (except maybe via letter). Any recommendations to manage this via a different route? Communicating with the tenant? Or do I evict, deal with a RE agent, and sell?

Howdy BiggerPockets Fam, 

I feel like I'm in a good place  to finally pull the trigger and invest in my first multi-family property. I plan to house hack for my first  investment property and most likely do the same for my 2nd, 3rd, property as well! I'm intrigued by the concept of serial house hacking and feel like it's a solid strategy for accumulating investment properties. I live in Las Vegas, NV currently but see better opportunities for multi-housing investing in midwestern cities. I'm particularly drawn to Columbus, Ohio.

I would love to connect with an investor-friendly real estate agent in Ohio to help guide me through the journey. I'm also open to other markets as well. I work remote so really can live anywhere. Just want to go where I'll have the most success house hacking. Thanks for your time! 

Hello everyone!

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing.  I have about 1

$110K to invest, and I am looking to invest in the next few months.  Any and all guidance is greatly appreciated.  Thank you!  Looking forward to the journey ahead....

I purchased my Los Angeles (Compton) 4-bedroom home in 2013 for 240K; according to Redfin, it is now worth 686K. 2 years ago the entire house was completely renovated (Insurance claim) due to a burst pipe that caused extensive damage while vacant. I'm not sure what I want to do or what my options are. I've been thinking I would like to fix the outside landscaping/fence/Kitchen cabinetry and roof so I that I can get the max rent or just sell and buy in the midwest, 1031 exchange (not sure if I qualify). I mainly would like to expand my portfolio using the equity but am hesitant to refi because my current rate is 3.3%. Even Airbnb would be an option but I'm starting to feel like I need a partner who knows what they are doing to guide me. HELP!!

Hi All - I'm brand new and have a goal to buy a property by EOY.  I'm overwhelmed by which market(s) to choose.  Because I'm in the Bay area, I can't really invest in my backyard so to speak.  Looking out of state (because of prices and more landlord friendly areas) but open to hear others successes in Cali investing (for first time purchases).  

If you are investing out of area or out of state, how are you inspecting property, and all your due diligence out of area? has it been difficult?

My strategy would be to have a property manager do pretty much everything, I'm okay with minimal cashflow because we both have great W2 jobs.  I'm more interested in just growing assets.   Thank you so much!!!

Hi, i'm 22 and have about 250k to start investing with. Ive been having some analysis paralysis about not knowing what would be the best option for my first ever property. Ive been trying to decide between; flipping a house that's on the market, flipping a foreclosure property, building a spec house or doing the BRRR method. I live in California and most likely won't be able to do much here because of expensive prices. I have family in Knoxville Tn, so I've been planning on investing there. It would be out of state for me but my job is very flexible and I would be able to spend some time in Knoxville if needed. Also I have a family member in Knoxville who has background in home repair and is willing to help where he can. So my question is, if you guys where in my shoes what would you do? Any advice would be appreciated. Thank you!

Hello Everyone,

I'm a first-time investor based out of LA who is interested in doing a BRRRR out of state. I'm looking to connect with more experienced BRRRR investors/realtors to learn more about how to build a team and the markets to invest in. My goal is to do my first deal within the next 90 days. Please feel free to reach out!

Thank you.

My business partner and myself have been attempting to separate for well over a year, waiting on properties to sell. I want to leave the LLC all together and he'd like to take it over. I refused to "subject to" the properties to him as they are all under my name and he doesn't have the ability to take over the loans. Trying to keep a long story short here. He refuses to talk business with me and I refuse to talk anything but business with him, I will clear any confusion around that if need be. The last three properties have been on the market for over a year with active showings but no offers. Running out of wiggle room for those to sell breaking even after all the fees stacking on them. They are currently active Airbnb's which he has been managing as he'd prefer only one of us working on business stuff instead of working as a team to make things easier. We agreed upon the profits from the Airbnb's being for the property bills and debts that have accrued while working together, i.e credit cards and other loans pulled while those specific properties were being renovated. I have only been using the bank accounts to pay business/property bills and pay down related debts, he has been using the business bank account for anything and everything from purchasing vehicles to other personal non related investments. I've tried to get on the same page and come to agreements but he refuses to respond. I have recently been removed from all 6 business bank accounts and had no responses from him. I can see he is still sending emails to other platforms from our joint business email. I'm out of state and have no way of knowing what's going on in the business or to the properties that are under my name. Being blocked from the bank account really worries me and I don't necessarily have funds to pay for legal help. I had to get a full time job just to stay a float. HELP!! Any and all advice is welcome and appreciated.