All Forum Posts by: Kerlous Tadres

I am a new investor.

Hello!

Looking at purchase a first home but the issue is the homes we’d like to invest into in our area are far too expensive. My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.

Our Starting Point (Conservatively)

- Located in Camarillo, CA

- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k

- Current W2 monthly income after taxes: $7k

- Side hustle 1 income: $200 month     ($200 in profit)

- Side hustle 2 income: $1400 revenue     ($0 profit) - debt at 29k

- Current debt: $47k     (Auto: $29k Student Debt: $18k)

*the auto loan doesn’t show on our credit for some reason


How would move forward in our situation?

We also are considering continuing to contribute to the stock portfolios and open a line of credit when it makes sense. Has anyone had a positive experience with that?

Looking to learn everything i can about Real Estate Investing. Looking to do the BRRRR strategy to build my portfolio.

Hey, good afternoon/evening everyone. I am a new investor and have been exploring deals in a few markets outside my area for the past month and a half. While researching and evaluating homes, I had an idea for managing the down payment and emergencies for the first property.

When I find a property with good cash flow, I could use a private money lender (PML) to cover the down payment and closing costs. The cash flow would then be used to repay the PML, possibly faster if the home appreciates in value. For emergencies, I could move money from my 401k to an IRA to cover vacancies and capital expenditures.

What are your thoughts on this approach?

Hello Everyone, 

I hope this message finds you well. My name is Jeff. I am looking for a multifamily deal preferably over 50 units. I currently own 100 units in Columbus Ohio so anything there would be a plus since I already know property managers there. My problem has been finding deals that cashflow and aren't negatively levered with today's interest rates. Here is what I am looking for: B or higher class property in a good market with an increasing population. I would like sufficient cashflow on this property with room for slight improvement. 

I recognize that these deals are hard to come by nowadays, however if anyone has any off market deals or can point me in the right direction for a deal that meets some of my criteria that would be great. Thank you. 

Hello everyone, 

I hope this message finds you well. My name is Jake Berlin and I am currently 21 years old looking to buy my first rental property (I have 50k in equity.) I think I have the funds to buy a property but have a few questions and hope someone can point me in the right direction. 

1. I am wondering how to get a loan from the bank or a third party with little credit built up (I made a similar post about this a few months back and some people suggested looking into a dscr loan) 

2. Are there any emerging markets that I should be looking into that fit my budget? 

3. Are there any good places to look for single family houses besides zillow, redfin, ect...? 

4. Any recommendations on how to determine what my criteria should for my budget be would be greatly appreciated. 

Hi! 
My husband and I are looking to invest in property to both flip to sell and flip to keep for renting. We are SO NEW and still learning so much, but we’re struggling on deciding WHERE to begin. We are looking to invest out of state, and we have small cash to start. Any suggestions for newbies looking for more inexpensive homes?

Thank you!!

This is my first time posting to the bigger pockets forum but I must say the education I've been getting from the BP podcasts has been amazing.

 I live in California and have managed to put some money aside from my W2 job to hopefully get into my first rental property. As everyone is well aware the cost of investing in California is astronomical so I’ve turned my attention to long distance investing. 
I work long hours at my job and have a 5 year old at home so my time is very limited. That said I’ve  taken an interest in Turnkey properties with two companies in particular standing out which are Mid South Home Buyers and Rent 2 Retirement.
I’d love to be able to speak with some people that have invested with either or even both of these outfits. 

I’m looking forward to starting this journey and securing financial freedom for my family for years to come! 

I have listened to Bigger Pockets for a couple of years now. I have plenty of time while I am out delivering for UPS.

I set a goal 3 years ago to become a Real Estate Agent and also an Investor. We purchased our first rental in Aug 2023. And are currently looking for our second deal. 

I recently got my Real Estate License for Ohio and am currently working on Licensing for WV. I plan to delve into Real Estate Full time in 2025 helping clients Buy, Sell, and Invest..🙏🏾🙌🏾.

Hi everyone,

I am looking for an investor friendly agent in the Columbus, Ohio area. Ideally has at least 5 years of experience and he/she should be able to provide references upon request. Thank you!