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All Forum Posts by: Kerlous Tadres

Kerlous Tadres has started 1 posts and replied 606 times.

Post: How would you recommend allocating gross rental income?

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Matt Owens:

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!


 Hey Matt, 

I own 2 duplexes here in Columbus, Ohio and I would say that buying duplexes in an appreciating area would probably be your best bet. Columbus,Ohio is growing very rapidly with businesses like Intel, Google, and Microsoft. Let me know if you have any questions and if there is anyway I can help!

Post: Californian trying to buy first investment property

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Jacob Cho:

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.


Hey Jacob, 

Congrats on wanting to get started on investing in real estate. The best investing route for you guys to grow your wealth would probably be for you to look in something that has a lot of appreciation opportunity with smaller cashflow. I think Columbus, Ohio is a really good spot for you to do that. The best time to buy real estate was yesterday. If you want more doors and pretty good cashflow I would say duplex. Out of state investments are not risky if you set up the right team. Set up your CORE 4 which consists of a good Realtor, Contractor, Property Manager, and Attorney. I would hop on calls with people that invested before and who have also invested out of state. Ask them all the questions that you need answered. Let me know if there is anyway I can help

Post: Buying in an "A" neighborhood vs "C" neighborhood

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Alex Silang:

 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?


I don't think that's exactly how it works. S8 tenants will always be there for you to have. Just try to focus one strategy and niche on it for a while

Post: Is wholesaling as easy as they say?

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Chuk Obiazi:

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.


 The biggest thing is consistency is just making sure you do it all the time. I'm sure if you do not worry about the results and you go hard for a couple more months, you will see results

Post: Looking For A Property Management Company

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Sandra Feurtado:

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.


I have a decent amount of relationships out in Cleveland and would love to help you get started!

Post: Real Estate Investing-Section 8

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Nicholas Nakamura:

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?


Hey Nick, 

I have two duplexes out here in Columbus,Ohio and would love to see if I could get your CORE 4 set up in order to get the best deals and have a great team around you. Let me know if there is anyway I can help

Post: New investor in the Indianapolis area

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Guy Keren:

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!


Hey Guy,

Do you live in Indianapolis or is this gonna be your first out of state investment? If it's going to be your first investment out of state, I would tell you to build a solid team of your CORE 4: with a good Real Estate Agent, Contractor, Property manager, and attorney.

Post: Looking for first rental investment property, is out of State a good idea?

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Rahul Rawat:

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?  


Hey Rahul, 

I own 4 doors out here in Columbus, Ohio that cash-flow very well. There is a ton of upside of investing in Columbus with companies like Intel, Google, and Amazon coming here. Would love to help you get started and see how I can help you out!

Post: Referral for section 8 experienced property management

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Miguelli Fernandez:

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. 


Hey Miguelli, 

I would love to send you some good PM referrals that primarily work with section 8 out in Cleveland!

Post: Remote Investor - Bought Duplex at Auction, Tenant Occupied

Kerlous Tadres
#3 New Member Introductions Contributor
Posted
  • Realtor
  • Columbus, OH
  • Posts 621
  • Votes 626
Quote from @Ryan Lytle:

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?


 I know some people out of Fostoria if you're still looking for some referrals!