All Forum Posts by: Kyle Kelley

I like the first one, all caps. Flows with the rest of the logo in all caps

@Justin Tippens

It is possible as I was in a similar scenario at the beginning. It will just take time and effort on your end to utilize your contacts and reach out to anyone and everyone who will listen. Call local credit unions or ask real estate agents for recommendations for lenders who work with investors, particularly in the lower price point. Its tough to find but they are definitely out there.

@Rod Smith

I know exactly what you mean. I purchased my first property cash - it was great value for the property but was too low to do an immediate cash out (less than 30k) so Im waiting not only for 75% LTV refi after 6 months (per my lender) and in the mean time and sitting on the sidelines with other potential deals b/c I do not want to get in over my head, no matter how good the deals I have to pass up are. Im just not ready for that risk so early in the game.

@Travis Paez 

Not familiar with Baltimore area, but when I was first beginning I called nearly all the "Community" banks and credit unions in my target area to discuss what they could and could not do (loan minimums, number of financed properties, rates, down payment, etc.) knowing that "big banks" don't typically like to work with small time/beginner investors.

Many did not offer what I was looking for or able to accommodate me, but was referred to a lender (from a competing credit union nonetheless) that I had not seen or heard of and voila, they were exactly the type of lender I was looking for and now I have a great relationship with them. 

You could also talk to local real estate agents, explain what you are looking for, and if they know of any banks or lenders that work with investors. 

It will take some time and effort, but rely on your colleagues and referrals and you should be able to find the perfect lender for you in no time!

@Ryan Arth  @James Wise 

Thanks for the input fellas. I got Brooklyn Centre from Google Maps when I typed in the address to get more information about the potential property - looks like its an area between the Zoo to the Southwest, Riverside Cemetary to the Northeast where the 71 and 176 meet. 

Good points on the Slavic/East of Newburgh info. I'll more than likely be staying away from those areas for now, so your hands on experience and observations are very helpful, so thank you again!

@James Wise  

Would you include the Brooklyn Centre area as preferred also? Was also asking in other threads but have had no responses so could ask here as well, what are your feelings regarding Slavic Village/Newburgh Heights?

Hi All, 

Where would be the best "place" to hire a CPA for assistance with tax issues and filing regarding rental properties - my home state of CA or the state in which properties owned are located in OH? 

I have a 9-5 W-2 type job so always filed taxes on my own, but this being the first year I will have owned property I feel its best to just do it the right way from the get go. 

Any help or info would be greatly appreciated

Or even the Mount Pleasant area as well. I've seen some properties listed there, close to the Shaker Heights side, and just curious about this area as well

@Zoran M.  Do you have any experience or insight about the Slavic Village area? Currently have property in Cleveland Heights and Garfield Heights - but not to sure about the inner area between

@Arlan Potter  Thank you! That's exactly the kind of input I was hoping for. 

I should have also clarified a little more, that yes, this would indeed be for a time when I plan to have many fix and flips going at one time, or enough lined up in order to keep these subs specifically with me and allow them to earn enough money that way. 

Essentially I would be wanting them to be an employee of my own - but I feel that could be touching on a slippery slope by hiring them as an actual employee - does anyone have any experience hiring subs as employees to work solely on your properties? Or would it be more wise to keep the subs on a job by job basis? 

My thinking in all of this is that it would be easier to get a stronger commitment and less "corner cutting" per se if the sub knew they were going to be steadily compensated and did not feel the need to nickle and dime me here and there. 

Thoughts?

Thanks for the reply @Arlan Potter 

I was thinking more along the lines of hiring a GC as an employee and relying heavily on them. Obviously I would like to have some knowledge of it and would pay close attention to the estimates but was looking to rely on more of an expert in the area.

I guess I also am looking for recommendations at to exactly what types of subcontractors would be most beneficial to have on the team? I would think electrician and plumber would be two to have on hand/on staff for just about every fix and flip property, any other subcontractors that are used in almost every scenario? 

And/or what subcontractors are used sparingly that could be hired on a case by case basis (roof/HVAC, etc.)?