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All Forum Posts by: Ryan Kinoshita

Ryan Kinoshita has started 2 posts and replied 5 times.

Post: New out of state investor

Ryan KinoshitaPosted
  • Posts 5
  • Votes 6
Quote from @Travis Biziorek:

Hey Ryan, welcome!

I'm also based in CA and invest out of state (Detroit). Where are you buying your rentals?


 Hey Travis,

I got a couple in Cleveland & 1 in north TX (about an hour outside of Dallas). Trying to balance growth and linear cashflowing markets. Trying to keep things simple with long-term single family rentals til I hit my conventional limit then will try different strategies with different funding options. Goal is 3 properties in 3 markets. Haven't fully decided on market 3 yet but looking into the southeast

Post: New out of state investor

Ryan KinoshitaPosted
  • Posts 5
  • Votes 6

Hello,

New out of state investor. Live in San Diego. Purchased 3 single family LTR over the last year or so. Low on capital at the moment so rebuilding savings to hopefully continue growing my portfolio. Full time pharmacist trying to gain some sense of financial independence. Look forward to connecting.

Ryan

Post: New Investor Getting Started

Ryan KinoshitaPosted
  • Posts 5
  • Votes 6
Quote from @Wesley I.:

My experience with chase has been great. I also use amex for my business CC. Im in SD and have sfr in TX

Thanks for your input. Sounds like the general consensus is Chase

Post: New Investor Getting Started

Ryan KinoshitaPosted
  • Posts 5
  • Votes 6
Quote from @Bradley Buxton:

@Ryan Kinoshita

I've used bluevine and there are some downsides to a online only bank. It's hard to get checks quickly, I know, who takes a check, but I've run into this before. Also they are not connected to Zelle, they are very average. They do have a good interest rates. I'd go with a larger bank like Chase. 

Thank you for the insight. I really appreciate it

Post: New Investor Getting Started

Ryan KinoshitaPosted
  • Posts 5
  • Votes 6

Hello,

I'm a new out of state investor. I live in San Diego, CA and purchased 3 single family homes over the last year, 1 in TX and 2 in OH. All are being used as LTR and managed by local PM. Working on getting my entity structures set up and need to separate finances. Any recommendations on which bank to use for business checking? Currently looking at American Express Business Checking and Bluevine (per Nerdwallet "Best Business Bank Accounts for LLCs") but open to suggestions.

Thank you,

Ryan