All Forum Posts by: Robert Khalev

@Pinkal Shah

Get your handyman/contractor to come with you to the property and visually inspect ASAP like others have said. Good luck!

@Leonard Wade McMillan

You are asking what I would do :).... so, that’s more than I need for a buy and hold rental in the louisville market.

I would take about 20k of the 30k and pay my lender for a property that I would BRRRR!

Depending on your credit and how good of a deal you find, that will be enough for a deal in the Midwest market :). Your cash on cash return would be solid!

Just a thought here... it is opinion based.

@Mark Perea

Ok Mark, this is business. I have heard many tenant stories. The tenants could be the nicest people in the world, but them not paying rent is your primary concern. I would advise you be stern with your requirements or hire a property manager so you don’t have to deal with that :).

If they are having issues, they can get a loan, etc to solve their rent issues.

Being sad is not an excuse to not paying rent.

I may sound rude, but this is the way things should be.

@Parker Doyle

In my experience, school district does not matter much. It depends who you ask and what the renter demographics are in the market.

Which market are you in?

@SaMario Davis

Hey! Welcome!

I invest in the louisville, ky market.

Willing to help you with some general basic questions you may have.

The community is an awesome place to be a part of and make sure to join your nearest REIA group!

Hi everybody, quick update for you all!

We are nearing the end of the rehab for our 2nd deal (will refer to it as Balaton from now on). Super excited! We plan to have a tenant in place by March 1st!

For the 1st deal (will refer to it as Green Cove from now on), oh man... we are going through an eviction and hope we can get the rehab started this month!

@John Neff

The book that changed EVERYTHING for me was:

Rich dad, poor dad (you’ve probably heard this 10000000 times lol)

Cash flow quadrant

Think and grow rich

None other than David Greene's BRRRR book and any of Brandon Turner's books!

The richest man in Babylon

How to win friends and influence people

These are all amazing life changing books! The list does NOT end here :).

Update:

This first deal is going through an eviction process. Hope to have it finalized early February!

We did pick up a 2nd deal in December and that home is currently undergoing rehab.

1000$ rent expected with a significant cash on cash return. Excited for the journey!

We established a relationship with a couple lenders and are ready these BRRRR's to be complete!

@Rob Bergeron

Appreciate the invites! My partner and I are out of state. We were in for the weekend to see the market and meet with some wholesalers.

@Rob Bergeron

I am loving it too!