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All Forum Posts by: Kevin Chan

Kevin Chan has started 12 posts and replied 84 times.

@Nicholas Covington - I'm looking to do more or less turnkey buy/hold - just minor repairs or upgrades

I'm in California.. highly considering out of state investing.  I have been focused on Columbus, Ohio or Florida at the moment.  I was already pre approved in California, but they don't cover those OOS areas, except for commercial property.

Does anyone have a good lender that has more national coverage?  Since I haven't fully decided where to invest, I don't want to have to fill out multiple applications and credit checks.

Post: National vs local lender

Kevin ChanPosted
  • Posts 89
  • Votes 64

Who offers better rates for investing out of state?  For example, I'm in California and looking in Ohio or Florida.


I got a pre approval in CA, but if I'm looking out of state, should I get a national bank involved or find some local lenders?  If I'm planning to do multiple deals in the future, does a local relationship provide better rates in the long run.

On the surface, there seems to be some deals to be had on the BP marketplace.  


Just wondering how many people have sifted through and found/closed on properties you have through the marketplace.

I'm very confused.. 

but paying that 2 million at 700/month would take 238 years to collect it all.  We, and the condo, won't be around anymore.

What Do you feel makes an area more recession proof?

yeah, this area seems to be in a good location.  I'm wondering what needs to change for the area to improve even further

Interested in this discussion. Seems like this applies to many of us out in HCOL areas

Have to go off market to find these good values? Or just some good negotiating?

Post: New/Young investor in Columbus, Ohio

Kevin ChanPosted
  • Posts 89
  • Votes 64

@Charlie Scheiderer - good luck.  great job planning so early in life!