Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Gino Volta

Gino Volta has started 7 posts and replied 18 times.

Post: How can I buy multiple houses with one loan

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

Hello everyone, hope all is well. Question. Is there a way to buy multiple SFD with just one loan?

Post: What state is the best to buy your first property in?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Brandon Staines Great question. My wife and I have just under 2 yrs in this game, and love it. We fell into buying in Oklahoma from a recommendation. We’ve been happy ever since. We live in Ca too. Obviously with prices being what they are out here it’s impossible to find something that we can feel safe in. Another big reason is buying in a landlord friendly state. Make sure you protect yourself and your money by buying in a state that wants to protect you as well.

Post: Investing in Louisville

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

What areas in Louisville are good recommendations to invest?

Post: First Deal! Now how do I raise the rents?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Donald MacMillan Man, great question. First, congrats. Great accomplishment. Find out local laws at what dollar amount or what percent you can raise, and at what time line you can raise again. Also be diligent and think about keeping people long term. I learned a long time ago when I asked and got Too dollar rent that my tenants left after 12 months. The turnover was a headache. I learned from an old timer to keep rents $75-$80 less than market value. Long term that helps. I want renters to stay in my places for 5+ years. Your seller had people in the for 30+yrs! That’s what’s up. Just food for thought. Again congrats man.

Post: Managing property out of state

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

Any recommendations on how to self manage a rental from another state? I’ve used a management companies before, but I think I’d like to be more hands on.

Post: Private lending, defaulting, repair phase questions?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Jacob Thompson Merry Christmas to you and your family as well brother.

Yes definitely got some moving parts. I would attack it as your getting a bid on a job at your own home. Get 4-5 bids. Talk to 4-5 real estate agents, and also management companies. Get free info from them. Remember if it works out then there’s your team. I’m not going to lie. We’re still learning as we go. We’re not 100%, but we’re learning our routine. We’re getting it down. But what’s crazy is when it starts the machine works by itself. Good luck on your journey man. Always here for questions too!

Post: Private lending, defaulting, repair phase questions?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Jacob Thompson Hey Jacob what's up man. Great questions. My wife and I are new investors as well. We currently have 3 rentals and are in escrow on #4. For us our first 3 were with our own money and our 4th is with PML. Family member is our lender. As far as paying "them" back it just depends on the terms of the contract. Remember for us it's family, and it's money they have in an acct earning 0.01%. so when we came offering them 5% they jumped all over it. They will get there money back within two yrs. We told them there will be months that we won't make a payment. But two yrs from THIS DATE you will get your money back. Whatever positive income we make from all our properties goes right to them. The sooner we pay them the better, and we'll just rinse and repeat. For us we wanted to let our actions as investors speak for us. That's why we did our money first. Once people around us starting seeing what we did it was easier for them to believe in what we're about. We've been looking into the HML as well, but as long as the PML keeps going we'll let it ride.

Post: Managing property from another state

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

Hey everyone Hope all is well. Question about managing own property. My wife and I have 3 rentals and are in escrow on our 4th. We live in Ca. We have one in Tx and the others are in Oklahoma. Two are managed by a Management Company, one is being rented to a Team member, so we were able to cut out the Management company and save on the 10% cost. I personally would like to manage our 4th on our own, but being in another state we have our reservations. Any advice, Personal, or professional. Lessons learned etc. Or even all this new software out there that helps with managing. Thanks!!

Post: Should I Refinance or HELOC?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Jody Sperling can you advise me in to how to get a Heloc on a rental in Oklahoma. I can’t find Anyone. Thanks

Post: Is long distance investing difficult?

Gino VoltaPosted
  • Rental Property Investor
  • Mount Juliet, Tn
  • Posts 20
  • Votes 1

@Jovann Thompson Hey Jovann how’s it going. My wife are only 5 months into investing and we bought out of state. We’re in Ca and our two homes are in Oklahoma. We got our 1st one with just over $15,000. We ended up with a great team. Very fortunate that things have lined up well for us. We interviewed over 5 realtors and PM companies. We did it as if we’re getting 4 to 5 bids in a job, and just went with what felt right, and it’s worked. Message me if you’d like to know more.