All Forum Posts by: Kevin Charles

@Jason Gines thanks for this thread and taking so much time to detail your experience. It's very helpful to read this. I've been looking through Roofstock's inventory and a lot of times their numbers can be off (ie: vacancy rates, property tax, loan rates, etc.) After researching and putting in the numbers I've researched I get much lower Cap rates and COC than what's posted. I'm curious as to the criteria you used to pick your roofstock properties (Cap rate, COC, neighborhood rating, etc). I've been looking for 3 star+ properties with Cap rates of 7+ and at least COC of 8+ with 20-25% down.

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Originally posted by @Curt Davis:

Is this a detached home or is it a townhome or attached home? If detached it’s a great price. If attached it’s just an average price.

Thanks for the reply. It's attached.

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Memphis, Tennessee

Hello all, I am an out of state investor. There is a property I am interested in located in Cordova, TN zip code 38016. The property is a 3br 2 bath built in 1992 going for 110,000 on Sorghum Mill Dr. Currently there is a tenant in place paying rent at 1100. I am interested in any comments regarding the area, current rent, current price. It should cash flow about $100 per month after financing and expenses. I am looking for long term buy and hold properties and wanted to know if this would be a good potential fit for me. The numbers seem good but being a first time investor I can't help but second guess everything.

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Memphis, Tennessee

Originally posted by @Darrin Carey:

Kolping Ave I'd put at C-, heavy rental, some homeowners.

I'd be extra careful if it was on the corner of Linden Ave (Traffic), or too close to US 35. (Noise).

Thank you very much for the message. It’s appreciated.

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Dayton, Ohio

Originally posted by @Ozzy Smith:

@Kevin Charles

to reinstate what I was saying in PM, see Darrin's last comment - good luck to you

No thanks. Your PM message was the rudest exchange I have ever had on bigger pockets.

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Dayton, Ohio

Originally posted by @Darrin Carey:

That zip code spans several different neighborhoods ranging from A to D. Most zip codes in Dayton do, so they are a poor selection criteria here.

In Dayton, you'll need to break it down to the neighborhood, and in some areas even block by block.

I own some properties in that zip code, but I'd need to know the address to give any specific guidance.

Thanks for the response. Sure it’s on Kolping Ave.

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Dayton, Ohio

Hello all, I am researching a property in Dayton zip code 45410. Can anyone give me any details about this neighborhood, zip codes to stay away from, rents, etc...?

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Dayton, Ohio

Hello All,

I am a beginning investor looking to purchase my first investment property in a few months. I am trying to research and learn the pros and cons of using an LLC for rental investment properties. Is this something that is needed? Should I have one for each property or in each state my property is in?

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Originally posted by @James Wise:

Originally posted by @Kevin Charles:

I was looking into a duplex on Thrush Ave in Cleveland zip code 44111. Can anyone give me some insight on the neighborhood?

You're looking at C-Class product & tenant base. Rents should be $650-$675 for a 2/1 duplex. Most of the duplexes are similar over there. Large front porch, living room in front dining room in middle with the kitchen in the back. Two bedrooms to the side with the bathroom in between them.

Lots of nice woodwork in these old double's. I'd recommend refinishing the hard woods & hardening the unit as much as possible. Remove anything from the walls that can be pulled or hung on such as ceiling fans, pull cords, towel bars etc....

From what I see these duplexes are around 75-85k. Is that about accurate?

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Cleveland, Ohio

Is this a zip code worth investing in? I don’t mind a high C area.

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Cleveland, Ohio

All Forum Posts by: Kevin Charles

Kevin Charles has started 13 posts and replied 35 times.

Post: Roofstock Case Study

Post: looking into interested in Memphis, TN

Post: looking into interested in Memphis, TN

Post: Researching the Dayton-Ohio market

Post: Researching the Dayton-Ohio market

Post: Researching the Dayton-Ohio market

Post: Researching the Dayton-Ohio market

Post: What does a beginning investor need to know about LLCs?

Post: Looking into Cleveland Market

Post: Looking into Cleveland Market