All Forum Posts by: Michael Klein

Hello Matt,

My group is looking to buy rentals in Gainesville, FL and has cash available for quick sales. Please PM me for the owners contact information. Thank you.

Please send me an address and maybe we can make a deal.

Would you provide me the address? You have me interested. Thanks.

Welcome to BP, Nate.  I know you'll learn tons about Real Estate Investing here on Bigger Pockets. Check out the Podcasts, they are very informative. People are excellent, too. Great place to start building a network. 

Congratulations! I see HW is developing a great team! Keep going strong.

 Thank you for your input, Robert. Do you have a favorite nationwide broker or banker that I might chat with?

 Thanks for your comments. I'm hoping to find financial institutions that will pre-approve... or, at least, state their approval criteria.  I'm not sure about SBA. Someone told me that those properties needed to be owner occupied.

Hello All,

I'm new to this realm. So I'm seeking advice for finding financing for some buy/hold properties I'm interested in investing (SFR and/or multi-unit dwellings.)

I currently reside/bank in Gainesville, Fl and want to buy a number of rental properties around Cleveland, OH. I believe I have a great credit rating (720+) and don't plan on financing anything that would result in a DSCR of less than 2.0.

I'd like to strike up a relationship with a lender such that I'd be "pre-approved" up to an agreed upon limit (perhaps, something like $200,000 to get started).  I would really appreciate any recommendations / advice on financial institutions I should approach. 

Thanks for the replies. I was hoping a non-insurance agent might be willing to give me a ballpark estimate. Guess I'll need to make calls to insurance agents (ughh!).

Hello all,

As we're just getting started, I want to ask the forum members about insurance expense. We're hoping to get a number of Buy/Hold SFRs around the Cleveland to rent out. We hope to get some low cost homes for around $40K (after rehabbing) and renting out for around $800/month. My question concerns insurance expense.

Would someone please give me an estimate for insurance expenses. I'm not sure if I need anything more than liability insurance, as the properties themselves are being acquired at such a relatively low cost . 

Any inputs would be greatly appreciated.