All Forum Posts by: Oren Kachel

Hi Carolina.  I agree with @Levi Bennett.  As an investor, there's not a whole lot that draws me to Shelby, but there's deals to be made anywhere.  Gastonia is growing, but still a few years away.  Certainly a market to consider.  It's the next gradual area of growth as Belmont exploded the past couple years.  I'm a mortgage lender, so happy to assist with any financing questions you may have also.  Good luck!

@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there. One thing I will say I have found very different about the Louisville market is that you have to be much more cognizant of which neighborhoods you are investing in, i.e. much higher crime.

Not L-ville but Lexington. If you ever were interested in central KY I can help. I specialize in that niche as well. 

Hi Matthew, 

I believe the best way to narrow down good locations in Pittsburgh is to have a realtor and/or property manager who knows the area and understands your investing goals. My team and I manage over 500 units in the Pittsburgh and surrounding areas, and would be happy to answer any questions you might have. Feel free to reach out!

Hello dear BP members,

We are rookie investors who have been studying the markets, talking to agents, property managers and fellow investors diligently since the past few months. After going through multiple deals and failing to acquire any properties we finally secured a conditional approval on our bid for a 1950 SFR in Winston-Salem, NC two weeks ago.

Our due diligence period ends on February 28th. We new when we bid that the house needs about $8K to $9K worth of refurbishment. However, the inspector recommended a termite inspection which has revealed infestation from the under the crawl space all the way up to the attic. By the looks of it only random wood members in the foundation have any evidence of treatment but the rest of it, including window frames, interior foundation walls and attic show no sign of treatment. This possibly points to years worth of neglect from the owner and no annual termite checks. (I'm attaching the copy of the report for your reference below)

My question to BP members is this. Would you recommend proceeding with this deal or back out? In your experiences are termite infestations of this nature (from the foundation up to the attic) solvable. If yes how much approximately can one account for such a repair. Any words of advice on how to proceed will be greatly appreciated, especially since NC has a due diligence component on top of earnest money which we now stand to lose if we back out.

Thanks in advance for your guidance!

Murtuza

Hello all. I moved to Winston 7 years ago and have a few rentals under my belt. I've always worked with JT Meyers, with Berkshire Hathaway, as my realtor and Grady Ellis, with the Ellis Firm, for closings. I manage them myself so no help there but, if things go well and I pick up a few more units, I'll be looking for a PM too.