All Forum Posts by: Kim Handelman

Hi Everyone,

Is there a place where I can get real information on an REO SFR for free? Or if it is one of the paid services (which I don't mind paying for) which ones are legit? I saw a house that says Bank Owned on Trulia in my little town of Guilford CT. It's the perfect area for a rental and we don't come close to the 1% rule here so I thought if I begin to look at REO deals, I may be able to get some bargins that might actually make financial sense.

Thanks so much, -k-

Hey All,

I'm working on my business plan and have searched the internet for some templates. I'm finding that a lot of the templates and sites out there are not well suited for REI biz plans. Does anyone have any leads on where I might find some biz plan info that is geared toward REI?

@Andrew Syrios I am half way through Emerging Markets. I'm getting a lot out of it. Thanks so much for the 2 research sites. Also, thanks for the reality check on the 2% rule. Maybe it should be called the 2% dream? I'd rather have my buildings in quality areas.

@Jeremy Hauben  As for the Coliseum project, a good friend of mine is working on the residential plans. I'm not sure this is a good thing for RE investors. That would be 200 prospective tenants going to brand new units which would be hard to compete with. On the other hand. With that area gentrifying units bought now could end up being a gold mine. Thoughts?

@Darron Stewart 136 Sperry need some major repairs and is a Freddie Mac/Homesteps First Look property so you must be owner occupant to buy. Getting a property to cash flow in Guilford is a mighty difficult task! That said I know being an out of town investor can be difficult!

@Joe Fairless  - THANKS! This is a great list! I will incorporate it into my daily searches for where to begin investing!  As for New Haven, please remember I'm a newbie but it seems to be a cash flow problem. Although it has incredibly low vacancy rates, buildings are overpriced. That and new haven has a lot of crime. @Cameron Norfleet you can probably talk to this better than I can. Do you agree? 

@Raymond B.  Thanks for the tip on making the @ work. I'm learning all kinds of things on BP!

@Kim Halverson. Santa Monica - Ahhh, I used to live on 3rd st and Washington! $150 mo. RENT CONTROL! I'm sure my landlord HATED me! Thanks for the Kansas idea. Looks like others feel good about it too. 

@Daniel Bennison - great scoop on new campus and good schools. Thank you!

@Engelo Rumora - Great advice. I hope to find a partner in the area for boots on the ground help once I find a market that can get close to the 2% rule. Can't even make the 1% rule work here on the CT shoreline.

I'm starting out. I know I want to buy and hold and I know I can't manage the properties myself. Because I would like to hire a management company, I would like to start with apartment complexes. I live in CT on the shoreline and am finding it hard to find anything that will cash flow when I factor in the management fees. My question is, I know I need to research out of state markets and I've read a lot on how to do the research once I find a market but everything I've read assumes I have some sort of clue where to start. I've heard the "Mid-West" cash flows well but that's a very very large area! Any way to narrow it down? I'm hoping to choose 3 or 4 areas to do some deep research before I begin to seriously look at properties. 

Hi Mark, thanks for reaching out. You too can check out my LinkedIn profile or go to my website at kimhandelman.com. If you think my design abilities would be a good fit with your needs maybe we could meet for coffee to discuss REI and design.