All Forum Posts by: Kerlous Tadres

As a new investor I am working to find the right balance of allocation towards Vacancy, Capex, Emergency, etc. I currently sit anywhere in between 6-8%. I like to be aggressive with these numbers as cash flow is not my main focus now. I am interested to see what seasoned investors find to work best. Mostly small multifamily properties.

What is your breakdown? Thank you in advance!

I'm trying to buy my first investment property with ~$100k saved up.

My brother started his first W2 job last month that pays $45k/yr+ commissions.
I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.

A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.

California is too expensive for us so I have been looking into out-of-state investment properties.

What would be the best investing route for us to take to grow our wealth? What should I be doing?
Is it even a good time to buy right now or should I be waiting until interest rates go down?
What type of out-of-state property should I be looking for? Single Family? Multifamily?
Are out-of-state investment properties recommended for a complete beginner to start with or too risky?
Do I have to form a team for out-of-state properties or are there other better ways to go about it?
If I have to form a team, how do I go about doing so?

As a complete beginner with no experience at all, please guide me on everything I should know and all the steps I need to take to make a successful investment.

Thank you in advance.

 I currently own 1 "C" neighborhood and have had great success over the past 7 years. Keep rent a little bit below market and keep the property maintained and you can get great responsible tenants. 

I'm weighing on buying a "A" property though. 

1) I heard that section 8 in a way offers downside protection for land lords.  In a recession, you can just fill your property with section 8. Thoughts?

Any other thoughts?

Hey guys, I have been attempting to get my hands on some real estate since march. I have networked with many people, cold called for a company, learned how to run ARV, how to calculate repairs, all that jazz. I say that to say I am in a negative whole in terms of ROI, Ive spent so much time and money on wholesaling, things like a guru course, buying lists, dialers, and even some Facebook ads. I haven't made a dime but I also do not want to be the guy who just quits. I think the reason for my failures so far is lack of direction and leadership in the field. I do not mind pivoting if it means I will win. I am willing to do anything as far as working calendars for your airbnb operation, being your boots on ground for your out of state properties (I live in College Station Texas), anything that I can do to be of value, in return for some guidance to success in the real estate world.

I'm new to the real estate investing game.  I've just stated requesting to view properties in Cleveland, OH.  Since I will be an out of state investor, I'm thinking of using a property management company in the future,  Any thoughts or recommendations will be greatly appreciated.

Hello everyone,

New to the forum.  I am a 45 year old teacher looking to invest in section 8 housing in states that have a high demand.  What are some states that i can start in?

Hi everyone,

I'm exploring the possibility of investing in the Indianapolis area.

I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.

What do you consider to be "too old" of a house in this market?

I'd love to hear your thoughts!

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?