All Forum Posts by: Joe Bourguignon

@Dave Van Horn maybe you know the answer to my question above? I loved your book, btw!  :) 

Cheers,

-j

@Curt Smith, thanks for the info! I definitely use search on BP a lot, but since this was a somewhat complex (to me) question, I thought I'd ask it anyways. I generally use the google search term "site:biggerpockets.com searchterm", since the built in BP search is iffy sometimes...  ;)

Any idea if I can use a note that I hold as collateral for buying another property? I'm assuming that some lenders will do this, but might only give me 50% of the note value as collateral. I wonder if they'd accept a note that is in a different state than their bank? 

@John Lenhart, thanks for the recommendations! Have you used both yourself? I'm looking in a few neighborhoods; do most of the Cincy property mgrs only cover certain parts of town? Cheers,

-joe

@Marian Smith Thanks! It’s too bad the phone app posted all my questions in the same paragraph. I had spaced them out for readability... 😉 Anybody know answers to the rest of my questions? Thx! -j

@Joe Bourguignon Bump!

I’m consIderIng selling a rental SFR with seller financing and have a couple of questions. - who do I need to write the note (originate?) - can I use some percentage of that note as collateral for getting another loan? - what are the tax implications of selling with seller financing; do I get to only pay taxes on how much the buyer pays me per year or the whole amount of my profit? - can I 1031 exchange somehow or does that not work with seller financing? Thanks! -joe

@Alex Bacon, who did you end up going with?

@Guy Azta, could you share your list please?

Thanks!

-joe

@Michael Klinger, who did you end up going with for Prop Mgmt? I'm in the same boat, so I'd appreciate hearing what your experience has been like. Thanks!

-joe

@Jered Sturm @Ayodeji Kuponiyi @David Fields @Chris Campbell @Naveen Desai

Did any of you find quality property managers in Cincy that you can recommend?  I'm looking to acquire a small MF there and need a good PM since I'll be managing it from afar. Thanks!

-joe

Originally posted by @Brandon Curson:

Looking for any and all information pertaining to a respectable, reliable and cost efficient PM organization in the Cincinnati area. 

After scouring the internet for hours, I found only one company, RPM Midwest, and after doing due diligence on them, my gut and wallet are saying run away.  

Are their any reputable companies in the area or this a gold mine waiting for someone to come in and not nickle and dime every client they have until there is no one left?

Out of state investor specializing in MF units in the area.

Hopefully someone has the answer to this conundrum! 

-Brandon S. Curson

 Brandon, did you end up finding a Cincy prop mgr who you're happy with? I'm currently looking, so your feedback is appreciated! Thanks!

-joe