All Forum Posts by: Ian Kurela

Hey Henry,

There seems to be a lot of new college grads moving to Charlotte, myself included. Let me know if you want to talk more. Again, the BP meetups in Charlotte have been fantastic as well. Best of luck!

Similar to what everyone else has been talking about, try to get pre-qualified before you go any further. I suggest finding a local bank in the area you are looking to invest in and getting pre-qualified with them. That way, when they come back with a response, you are better able to negotiate with them as they are smaller and you will be investing in their backyard.

Also, Your rent+utilities is only $700 / month? WOW I am paying around $1300 in Charlotte

Do the areas you are looking at get sufficient traction? I am dabbling with the idea of starting a BnB, but don't know how to figure out if the demand is there

@Dan Handford Have you started a BP page for this event yet? Looking to set it on my calendar. Thanks!

I love seeing this thread. Mostly because it shows how incredible of a culture the Cleveland real estate investors have, and also that I have nothing to add to the conversation. Everything each one of these posts have said is completely on point. 

Hi Everyone. I am looking into buying my first property as an investor in the Cleveland market (preferably duplex) for a buy and hold / BRRRR. I was recently an agent in that area and understand the landscape and networks fairly well.

My question is should I use a hard money lender to fund this first purchase or use a conventional? I have saved up around 15k for a down payment and by the time I get my eggs in order, should have around 20-25k. I have a full-time job and my expenses are low. I am 22 years old want to know what the advantages/disadvantages are for each method? Especially at my young age. Thanks everyone!

Hey Keenan, welcome to BP. How have you been sourcing your complexes before? Or is this a new asset class for the office

Hey Hoang, 

It really depends on your goals and your strategy. Can you talk a bit more about these?

Hey Keith, Welcome to BP.

There is obviously a lot of qualities that you need to consider first. Honestly I don't see a huge issue with starting your investing career in a different market if you are able to develop sufficient systems. This includes a reliable cleaner, property management, rental sourcing, landscape etc. But if you have contacts around the area or are able to make some, I say go for it. Best of luck! 

Well first I don't believe you have to take them to a title company just yet. The point of a wholesale deal is to assign the contract to another buyer and then they close on it. But I have never done a wholesale deal so!