All Forum Posts by: Kevin Chan

These are all very different paths.. you really need to choose 1 and learn as much as you can about it.  What have you been offering on so far?

I think he was actually looking for the Ohio one.  The sub forum is not super active.  But if you want to learn more about Columbus, have a chat with Remington.. he's got a lot of leads in Columbus.

https://www.biggerpockets.com/...

Do you have a link to the article about poor performance?  Several people have told me it's a great target for Airbnb 

If you're getting conventional financing, you'll have to purchase in your name then transfer. You can have the title company help transfer it into an LLC later for a small fee.

Doing this technically makes the loan callable, but historically it doesn't happen.

For conventional fannie/Freddie, I believe all cannot give the loan to an LLC. You can still get a non-conventional loan in the name of the LLC, but the terms won't be as good.

Great conversation.  I was initially looking to Florida when I decided to invest OOS.  Didn't land a property at the time, but I probably should have.. starting to look again out there.  With the distribution centers being developed in/near Lakeland, are there many jobs that come from that?  Or is the job market mostly still in Orlando for that area?

What parts of Lakeland should be avoided?

I'm also open to Orlando suburbs.

Don't know much about most of the suburbs, but looking forward to learning more about all these areas.

If you plan to cash out refinance though, you should do it before transferring into LLC. You won't be able to get conventional lending when the property is in the LLC.

Property tax is very low. Also, did you factor in maintenance / capex / property management? Even at 4500 rent income, it's very cash flow negative to start off. Assuming LA appreciation continues, your ROI will be positive, but that's when you sell or cash out.

I'd like to order one too :)