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All Forum Posts by: Kerlous Tadres

Kerlous Tadres has started 1 posts and replied 459 times.

Post: Ideal real estate market lately?

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Zachary Luchs:

I am merely just testing the waters to see where everyone is investing. This can be past investment locations, current locations, or even future locations that yiu are persuing. I am currently looking at Clevenland, OH as well as Montgomery, AL and Buffalo, NY. Also any additional information of why you are interested in a certian location would be much appreciated.


 Hey Zach!

I currently invest in Columbus, Ohio! I love Columbus because the rents are pretty solid while the appreciation here is great! I bought two duplexes here and we should be at the 1% rule once we rent them out, while the locations where we bought them in continue to grow! I'm looking to invest in Cleveland in the future though, because I want to be able to get some really great cashflow out there!

Post: Land Flipping Beginner

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Ian Radcliffe:

Hi All,

The more I learn about land flipping, the more I am intrigued. I have some general questions I am hoping to get answered to point me in the right direction. 

- Is it worth buying a course (seems like there are plenty out there) or should I just dive right in without one? 

- Should I use my own capital up front or try to partner with an established land flipping business to fund the deals? 

- Is it really possible to do this while working a 9-5, or is it something you need to go all in on and quit the 9-5 to pursue? 

- Is there another way to make this business model work without sending out direct mailers that could cost tens of thousands of dollars each year?

Any and all tips are much appreciated!


 Hey Ian! 

The first thing I would do is try to find some people that already do land flipping in your area and try to collaborate with them and try to add value to them as much as possible! Even if they do not partner with you, they can probably mentor you and show you what they do! I'm more of a relationship guy and that is what works for me! If courses work better for you then start with a course! Some capital will be required from your end regardless if you use private money or not! There will always be points and interest payments.

Post: What Type of Investment Property Should I Buy

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Nicholas Petrozzi:

I’m 22, fresh out of college with a full time job. I have no student loans or debt and I’m looking to start investing in properties. I’m looking for guidance on what type of investment property I should be looking to buy, whether it be a multi-family, single family, or a house near the beach that can double as a beach house/student housing as there is a university nearby. 

Hey Nicholas!
Congrats on getting out of school with no debt and having $50K saved up! Keep that same mentality and continue to save aggressively! If you want to primarily invest for the highest growth possible(appreciation or cashflow), then I would consider looking at other markets! I got started 4 years after I graduated college with a duplex that I'm house hacking! I would continue to save money and just network with people that own the amount of units you want to get to and learn from them! 
Congrats once again Nick!

Post: Self manage or hire property management, that is the question?

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Juliette Olsen:

Hi!

We’re planning to rent our home when we move—but we know we will be moving out of state. 

Question is:

Self manage out of state? 

OR 

Hire property manager and eat the costs until you have cash flow coming in? 

What’s the major perks in your opinion of having a property manager? Are they worth the costs? 

Share your stories! And if you are a property manager company in Orlando, Fl, would love to chat. 

With gratitude, 
Juliette 


 Hey Juliette, I would definitely recommend hiring a property manager! Self managing out of state can be a nightmare if you do not have any friends or relatives that you know in the state you are investing in. 

Post: Looking to build my CORE FOUR

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Valerie Salas:

Hi everyone! My name is Valerie, I live in the Bay Area, CA. I am looking to invest out of state into small multi family and would like to build relationships with mentors and investors alike. I welcome inputs and feedbacks. I look forward to adding value to you, your business & your team.

I look forward to creating a stellar team! I'm looking to invest in KCMO/ KCKS, OH, ID. Hope we can connect! Cheers!


 Hey Valerie, welcome to BP!

I currently have 4 doors out here in Columbus, Ohio and would be more than happy to send you any resources that I may have to help you get started!

Post: Out of state investing

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Jerell Edmonds:

Looking to connect with a friendly agent that knows the Ohio market well. Looking to invest in MFH And SFH .


Hey Jerrell, I invest here in Ohio and would love to show you my investments and the pros of investing here in Ohio. Each city in Ohio offers it's own pro's and cons when it comes to investing. I personally invest in Columbus, Ohio because there is a lot of new businesses coming here such as an Intel, Wells Fargo, and Microsoft. 

Post: Should I sell for my appreciation in Lakewood, Ohio?

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Vincent Donato:

I bought a rental duplex in Lakewood, Ohio for 250k back in 2021 when I was living in Cleveland. I now live back in New York so I'm using a property manager to handle the rental. Since then it seems like my property has appreciated almost 100k. This is my only rental property.

I'm contemplating selling the property and taking my profit for a few reasons, but one most of all.

I would say my property is in average, a bit above average condition, but certain things are a bit dry or dated, no central A/C for example. For the moment, it's good enough that the home value and rent value continue to increase with everything else in Lakewood, but is this the peak? I'm sure values overall will continue to rise, but for a 102 year old house will mine start to plateau? The newer more renovated houses will continue to rise but I feel at some point mine will appear as an old dated house that somebody looks at and will want as a cheaper place to fix up and renovate.

Other than this, I don't really enjoy the out-of-state investor aspect of relying on a property manager when this was always a hands on investment for me until I moved away. I could use this capital on a new investment that I could be more hands on with, and it nerves me to think about major renovations or fixes through a property manager that are bound to be needed on a house of this age.

I'm just wondering if I'm overthinking it and silly to sell out on a cash-flowing property in a growing neighborhood at a 3% interest rate.

Thanks for your thoughts and inputs.

Hey Vincent, I would not look into selling this property unless you absolutely had to. If it stresses you out that you're only relying on your property management for all the information on what's going on then I would try to make a trip out to Cleveland every once in a while. Sure you can sell it and take that cash and put it into something that you can manage yourself, but with an interest rate as low as you have it for, I would not. You can refinance and take money out and put into another property that you can be hands on with more. I just don't really recommend selling a property that you're doing well with in terms of rental income and appreciation. 

Post: New investor and agent learning the ins and outs

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Allison Burns:

I am a new agent with no investment portfolio but am very excited to learn what's needed in order to grow my investment community to build generational wealth and a financial freedom my family will be able to use for a lifetime. I am in the Tampa Bay Florida area and look forward to meeting, working and learning from those who are willing to share your knowledge.

Hey Allison, congrats on wanting to start the journey to investing! I started investing back in January over here in Columbus, Ohio and very glad i have done so. I would say you should start trickling down the type of investment property that you want to start out with(Single Family Home or Multifamily) and are looking for so you can start your investment portfolio!

Post: Is investing in NYC a bad idea

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513
Quote from @Jessenia Hartage:

Am totally new to investing, but every training session i read or listen to, says to start in your back yard.  Am in queens, NY is not landlord friendly.  Since this is new to me should I still consider NY like bklyn and queens or should I just stay away?  If yes to invest in NY, what would be the recommendation criteria that I can implement to protect me to some degree.


 If I were you, I would consider all options. I myself invest in Columbus, Ohio and can say that there is a lot of appreciation that happens here with all the new business coming such as an Intel, Wells Fargo, and other businesses. Columbus is also generally a pretty safe area and if you build good relationships with a realtor, contractor, property manager, and attorney you should be pretty safe! Happy to discuss more with you if you would like!

Post: Can I buy in my name and transfer to LLC?

Kerlous Tadres
#5 Starting Out Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 470
  • Votes 513

I do not think it is complicated to transfer the property under an LLC after you close on your deal. I plan on transferring my properties under an LLC due to partnerships and etc