All Forum Posts by: Rodney Kuhl

@Cole U. Welcome to BP! Have you narrowed down your criteria and target area? Let me know if I can be of help. I got started last year and bought 3 rental properties and also did some wholesale deals. I'm always happy to help.

Hopefully someone will correct me if I'm wrong, but from my understanding if you get one blanket loan on a bunch of properties you wouldn't be able to sell them off individually. Or at least it could really complicate the sales. I haven't done this and I'm not in a position to do this soon, but recently met a portfolio lender and that's what I took away from it.

I'm not much help but just wanted to throw out there what I interpreted. Hopefully someone can be of more help. Good luck with the deal @Micki M. !

@Kyle Baker Nice, Christian Park is a pretty good rental area.

I don't have any properties in MN. I plan to buy something up there down the road for tax strategy purposes, but focused on Indy for now.

@Kyle Baker Welcome to BP! I'm the reverse of you, from MN but now live in Indy (where I also invest). Where is the property in Indy located that you and your partner bought? Let me know if I can help you as you are getting started.

@Ryan Pemberton He's wrong. Find a new title company I'd say. If you are looking in Indianapolis I can give you a couple of recommendations, but I see from your location you are probably targeting Evansville. But yeah, whoever said that is not correct.

@Gabe G. Maybe not, we'll see. But I know a house just 2 streets over with the same bedrooms, bathrooms, and square footage that is a rental was just appraised for $65k a couple of weeks ago, so I think there is a good chance of getting close to that.

@Nuhan Demirkan I'm not sure of the exact cost to do the re-fi, but shouldn't be more than $1-2k I don't think, which I'm factoring in. Would take about 14 months to get that money back I guess, but that's already factored into how much actual cash I get back out of the deal, which will then be re-used.

@Rusty Scott Right, that's what I thought. Just wasn't sure if a re-fi qualified differently. Thanks!

@Account Closed No, but a homeowner may want to pay that in this neighborhood.

@Shawn Holsapple If I re-fi them individually, is that still a "commerical" loan or can I get a 30-year note on that?