All Forum Posts by: Arthur Wang

BP! 

I am making a trip out to OH in January and I'm looking to connect with commercial agents when I am there. Does anyone have any good referrals or recommendations?

Thanks everyone!

@Jennifer Jackson 

I think it depends on the demand of your rental (unit type, neighborhood etc.). If it is high in demand, I would look into other "higher quality" tenant prospects to rent to. Other than that I would look at the situation as black and white as possible and stick to your guidelines. You can definitely employ some additional safeguards (higher deposits, guarantors/co-signers) but at the end of the day it is a risk that you will have to take knowing that her financial history isn't polished. The key is mitigating surprises or risk of loss on your end as much as possible.  

@Hai Loc

SFRs for the short term to get started, but ultimately the idea is to transition to MFH (duplex-quadplex in the near future to 5+ for the long haul). This is for my own self, however I am not opposed to partnerships assuming the conditions make sense.

I'll PM you - definitely very curious how others invest long distance! 

Hi BP,

I'm looking to connect with some local realtors and PMs in the Columbus, OH marketplace. 

If you know anyone, please feel free to send my way. Love to connect ahead of time as I will be making a trip out there in the next coming months. 

Thanks in advance all!

- Art

@Cole A.

Not sure if you're still searching for this answer, but I would imagine it would vary from lender to lender so I would verify ahead of time on the lien use ahead of time if possible. I'm in the HELOC process and I confirmed what is approved for use beforehand.

Good luck.

@Katie L. 

Hi Katie - Would you be able to forward your referral list over as well?

I am also looking for a CPA for my personal and RE Investing needs. 

Thank you in advance! 

Welcome @Ken Alston! Love to hear your start and also your eventual progressions in RE through BP soon.

I wouldn't want the tenants to handle something like that themselves, especially if they've reach out to you already.

 Here's what I would do:

1. If you have a PM - have the PM handle, which is most likely to contact a professional
2. If you don't have a PM, see below:
   1. Get details and assess the severity of the situation:
      •  How large is the nest? Ask for a photo if you're unable to see for yourself AND if it is safe and possible for the tenant to do so
      • Where is it located in relations to the home?  
3. Contact professional dependent on the severity, OR like @Account Closed mentioned you have the option of handling the situation yourself if you're nearby.

Good luck!

Just got approved through Guaranteed Rates myself. Super easy online experience and they have lots of branches here in SoCal.