All Forum Posts by: Clayton Hepler

This is Pittsburgh's Real Talk REAL ESTATE Mastermind Group. We discuss our progress, we get input from other investors on our challenges, we make a commitment to educating, motivating and inspiring each other twice per month. Brokers, property managers, lawyers, agents and financing professionals are all welcome!

An example of what we discuss: How do we analyze a deal and make sense of it in our current market? There are so many poor, overpriced deals! Learn how to stick with your intuition and numbers to make the best possible choice for your wealth creation and addition to your multifamily portfolio.

This Real Talk real estate group is ideal for anyone in or interested in the commercial real estate industry or real estate investing.

@Bill E., keep in communication with them when trying to change the duplex zoning, sometimes it will take a painful about of time to rezone. 

There are local zoning maps too that can used find out if the area in SFR or MULTI.

1. There are so many shiny objects in Real Estate, why would an investor pick multifamily over single family?
2. Excellent Networking Opportunities
3. Members eager to partner

Tax benefits, cost segregation, economies of scale, depreciation, leverage and forced appreciation are just a few of the things we will cover during this meeting!

THEN:

We will go into potential partnership opportunities and updates from each member of the group.
It will be at the Urban Tap at 7:00 PM on Wednesday, October 9th. Prost!

This is Pittsburgh's Real Talk REI Apartment and Syndication Mastermind. We discuss our progress. We get input from other investors on our challenges. We make a commitment to educating, motivating, and inspiring each other every month.

This Real Talk REI group is ideal for anyone in or interested in the commercial real estate industry or real estate investing.

I agree with @Jeremy Taggart, it is a great option to get into a house hack that needs some love to start out to get that rental property experience. You can also do a FHA loan to keep you downpayment low so that you can start stashing more cash. Check out a 203K loan if you want to invest into a fixer-upper(that way you can build the cosmetic costs into the loan itself)!

@Cody Hunt welcome to Pittsburgh BP! Real estate is exciting and you will meet some really incredible and interesting people. Feel free to PM me with any more questions!

I have some level 1 market research done on my local city and some others... Are there any indicators of a market that would be strong for a renting market, because of it's ratio to house prices? That is, I do not want to compete with house prices...

My niche is 800-1100 Class B and C value add properties.

Are there house price to rent ratios to consider when evaluating a submarket, especially in the rent range above? 

Any people signed up for Michael Blank's Deal Maker's Mastermind? Is it worth it? I have never done any multifamily investing and it seems like a good and quick way to get feedback? Any experiences with his syndicator calculator? 

I am looking to invest in the Columbus market, as I'm from Pittsburgh and familiar with the demographics. 

Is it a more a tenant or landlord friendly market? How quickly a landlord can evict a tenant when a lease is violated? What's the grace period a tenant has to pay their rent before receiving an eviction notice? 

1. First off, what are the big indicators of each (tenant friendly area versus a landlord friendly area)? so I don't have to ask this question again...

2. How quickly a landlord can evict a tenant when a lease is violated?

3. What is the grace period a tenant has to pay their rent before receiving an eviction notice?

@Kyle J.. @Lydia R.That means that the owner (the next buyer) could owe the bank the remaining mortgage balance?

I am about to get a property under contract to wholesale, the owner has no idea how much equity he has. He said that the bank foreclosed on his property a few years back... but he still has it? I want to make sure my buyer is satisfied and not hit with anything broadside. Would this mean that my buyer would inherit the mortgage on the property? How would I find out how much is owed on it?