All Forum Posts by: Kerlous Tadres

Hi everyone! My name is Prateek. I’ve been working in healthcare for the past 10 years, and I came across BiggerPockets while reading Rental Property Investing by Brandon Turner. That book really shifted my mindset and got me excited about building financial freedom for myself and my family through real estate.

I'm especially interested in multifamily properties and the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). I've been diving into podcasts and learning as much as I can, and my goal is to purchase my first multifamily property or complete a BRRRR deal before the end of this year.

I’m excited to be part of this community and connect with others on the same journey!

I am looking to make my first investment and was thinking about going to section 8 route out of state. What are the common mistakes people make when getting into out of state investing Specifically section 8. What is the potential of it? What areas should I stay away from and what are some good areas to look in? 

Hello BiggerPockets Community!

My name is Joscelyn , and I’m excited to join this amazing platform! I’ve been interested in real estate for a while now, and after hearing about all the incredible resources and support here, I knew I had to get involved.

A little about me:

• I’m currently based in Tucson, Arizona, and I’m looking to start investing in real estate and expand my knowledge in the field. At the moment, I’m focusing on investing in Chicago, Indiana, and Wisconsin( Madison and surrounding areas).

• My background is in healthcare, and I’m currently working in logistics in the Air Force.

• I'm particularly interested in the BRRR strategy, buy-and-hold, and house hacking.

Why I’m here:

I’m here to connect with like-minded individuals, learn from experienced investors, and share my journey along the way. I’m excited to be part of a community where I can grow and contribute.

What I hope to gain:

• Advice on deals, market trends, financing options, and creative financing/funding.

• Support as I purchase my first rental property.

• Networking opportunities with other investors.

Looking forward to connecting with all of you, learning from the community, and hopefully collaborating on future deals or projects!

Feel free to reach out—I’d love to connect!

Best,

Joscelyn 

I am located in California (San Jose area) and my local market is too expensive for real estate investing. I am looking at investing with a buy-and-hold strategy. Since I am no longer limiting myself to local deals, I would like to quickly filter out deals that don't make sense compared to options I may have elsewhere. I was thinking that some rules of thumb may help me with this and give me objective criteria for comparison across states. Something like "ignore deals that have less than "N%" for Cap Rate, or COC, or Return on Equity or ROI or IRR".

1. Does this make sense or should I be approaching this differently?

2. I don't know what threshold value I should use for each of these metrics. Would this be a single set of numbers across all the states or would these numbers have to be specific to any city/state?

3. Am I making things more difficult for myself by thinking of investing anywhere (I still don't have my first property) or should I pick a handful of cities/states to focus on? maybe cities that better support a buy-and-hold strategy? Market picker on bigger pockets has a number of recommendations...

4. For my first property I was thinking of going with a turnkey provider like REI Nation and hopefully learn as I go. The thinking is that a turnkey provider might prevent me from making blunders.

Any suggestions and advice would be highly appreciated!

- Niranjan 

I am relaunching my business at the end of this month after a 5 year break.  I am looking to start with some minimum to moderate rehabs to get back in the groove.  Then bigger fix and flips, before going on to small to medium multi family.  I am doing my research and am open to feedback from you all on what you think are some of the better markets for Fix and Flips.  I am buying cash, and price point isn't really an issue.  I am looking more at spreads.   I have my criteria for what I consider a good market for flips, but again, would love to hear from you all!  Thanks!

Hi Biggerpockets!

I'm seeking some advice/mentor. Before you scoff because that's what everyone wants (understandably) and I realize there's no such thing as a free lunch here's the BLUF:

I've invested in five single family/condo properties over the last decade. I'm very methodical and successful albeit this game is always a mix of skill and luck. I want a tenured professional to help me with my portfolio and analyze my next move. I'm desiring a multifamily, maybe a duplex or fourplex in San Diego, CA concentrating in Mission or Pacific Beach or a multifamily (5+ units) in the area or Scottsdale, AZ. I plan to sell my beach house for $1.4M give or take and complete a 1031 exchange, almost 100% equity in the property. (Too long to explain but it's a great property however it's an HOA with two people, myself and my neighbor split 50/50 and they have ignored my requests to provide official documentation on where the HOA funds of $300/month are spent and unless I can buy them out, which I tried unsuccessfully, they or whoever is next will constantly be a thorn in my side with this ridiculous "HOA" setup).

- Do I complete an all cash 1031 transaction for a smaller place like a duplex in Mission or Pacific Beach? 

- Fourplex with decent equity? Go for the 5+ unit complex and have a commercial loan? 

- Take out a HELOC in another property (paid off and worth ~$700k)?

- Basically what would you do and why? 

Uncertain about "putting all my eggs in one basket here" but I know some risk needs to be taken in order to grow. Looking for lessons learned here.

(More detailed questions for anyone interested: Do you have anyone I could connect with wrt commercial realtor, mentor - someone who has or had a multifamily, and/or excellent loan officer? Who have you used to purchase all your properties and due to potential numerous sales over the years did you receive any kickback or discount on commissions? I may look into obtaining my RE license and sell my $1.4M property could save me $50k+ just in the one transaction - better to network and get a deal with an agent or worth my time? I'm initially thinking Class B with room for improvements, how do I find a decent contractor? Who have you used for inspection, assuming a qualified structural engineer is someone to consider for a large property purchase? Potential pitfalls to avoid? Success stories?)

I'll be in SD end of May to scope out the neighborhood since I haven't lived there in years (visited many times and just purchased a 1/1 in Hillcrest in October 2024). Born and raised in Scottsdale, visit frequently, so know the market there as well but not multifamily options.

Thank you!!

Hello, my name is Sofia Contreras and I'm a new investor  in the area of Ashville NC , ready to learn and start getting my feet wet. I'm learning the ins and out of wholesaling but my end goal is to fix and flip and buy and hold properties. Great a portfolio of rental properties and generate cash flow. If you are in the area would love to connect and learn from experience investors that are willing to help someone that is brand new to this business.

Hey everyone,  flippers— I’d love to learn more about how you actually break down deals when they hit your inbox.

If you’ve got a few minutes and are down to share how you evaluate offers, what slows you down, or what tools you use (if any), I’d really appreciate it. I’m not selling anything.

Drop a comment or DM me if you're open to chatting!

This is my first time posting here. I am purchasing my 4 plex units, have rental property andairbnb property. But also have been interested in flipping/ selling a home for as long as I can remember. I kind of want to do it for a hobby and make extra cash. I saw Michigan Indiana Ohio are good places. I live in Louisiana. Where would anyone recommend and how do I start? Ty

Hey all, I am writing this post for anyone who would be interested in setting up a time/location/zoom meeting for people to come together and cooperate on projects, questions, or anything they may need to, am open to ideas, feel free to reach out.