All Forum Posts by: Andrew Korver

@Steven May we have used Bulldog Home Inspections a number of times and would highly recommend them.   https://bulldoginspect.com/

@Logan Ho those rates are using ACV

Older thread, but if anyone is looking for a reference for @Timothy Stauffer I purchased two properties from him in 2018.  Both rehabs went smoothly, appraised at target value, and rented quickly at market rate.  Tim was easy to work with and I would buy from him again.  Feel free to contact me if you have questions.  

@Dan Skotte we ended up with First Tech Fed with an 80% LTV. Prime + 2.875 on investment property. The only drawback is a maximum LOC of 46k, which doesn't allow us to capture the potential of our equity. I will check out PenFed

@Alexis Riveron I would spend some time with Chris Dawson's post.  https://www.biggerpockets.com/forums/48/topics/276...

It is three years old, but seemingly much of the data (and good feedback in the comments) still rings true today.  I have an SFR in one of the "borderline" neighborhoods in 64052 and it was more difficult to find a good applicant/tenant than my other properties in 64138.  

Additionally, jump on a flight and visit the market.  Spend a day or two driving the neighborhoods!  KC is a beautiful city and you will gain an understanding of what these zip codes have to offer.  

@Tom R.  I have worked in paint sales for 10+ years and spent 3 years in residential painting.  I don't work for Home Depot, but I can certainly speak on the behalf of "the other side of the counter" on this one.   Matching paint is an art, not a science.  Some matches turn out perfect, some don't.  I have seen countless matches look dead on in the store and not match in the field.  Often times a small sample brought to the counter won't tell the whole story of sheen/gloss, color loss due to UV exposure, lighting at the jobsite, etc.  The more comprehensive the sample, the better the match tends to be. 

I have matched thousands of gallons to every type of sample imaginable (bags of dirt, fabrics, photos, descriptions, food items, etc) and I would never place a "money back guarantee" on my skill set.   I would however, always be happy to make changes to the match to satisfy the purchase.  A little light?  Great, I will add a small measurement of black pigment at no charge and continue to do so based on your feedback/photos/additional info.

The folks at your paint store can be a great asset to you if you treat them like members of your team.  They can connect you with other investors, subcontractors from many trades, and even provide creative leads (build a relationship with your local field sales reps here).  

Feel free to reach out if you have any paint related questions!  

@Jay Hinrichs I stopped in and met Carl and Matt w/ Relevant at their Canby site just the other day.   Pretty innovative product!  @Jared Kampschroeder if you are looking for a jumping off point for shipping container homes, these guys would be worth checking out.  

I would have to agree with @James Wise and @Account Closed.  I self manage locally, but couldn't imagine self managing my out of state rentals.  Finding an agent to perform a fee-based showing would be easy. Providing quality property management from a distance would be difficult.  

Trent, I have three policies through Shelter Insurance in the KC market (Bree Switzer is my agent).  I pursued quite a few quotes through other companies and found Shelter to be the most competitive and easy to deal with.  I have yet to process a claim, but my experience with Shelter has been great.   Just for a frame of reference, I pay around $63 per month, per property (as an average) and the property values are between 100-120k.    

I can offer a bit of advice here as paint is my profession.  Make sure to ask your local paint store/dealer to set up a "Pro" account for you.  This will accomplish two things.  First and foremost, it will allow them to save your color/product info in their system so you can order those pesky touch up gallons down the road.  Second, paint pricing is often very fluid if you are buying from the "non big-box" locations.  Explain to the store manager that you are an investor and intend to buy all of your paint and supplies from them long-term.  Ask them to recommend something at the top end of the professional line that is easy to brush and roll.  Avoid the high-end retail paints as you are paying a premium for "bells and whistles" that most investors will not see a return for (we paint more often).   Never go flat on anything other than ceilings!  Even a basic Low-Sheen or Satin finish will offer decent wash-ability.