All Forum Posts by: JonPaul Kessinger

 That I am unsure of, they are a small local bank, they may, on a case by case basis, depending on the deal and your proof of income ect.

I am in West Virginia, and we are cash flowing here. The equity growth is not as fast, depending on the market, of course. I manage several properties for others and also invest myself. I have used a local bank that will finance 100% of the purchase if you buy it at 80% LTV. Their appraisal process is very basic, and they primarily care if it will cash flow.

 Hey Joe, I am a realtor and property manager in West Virginia (Bridgeport, Fairmont, and Morgantown area) We use an animal screening service called petcreening ( I will add a link to their page below. They screen animals and give a FIDO score based on several risk factors. You can add a breed that's an auto rejection and they ask questions and for documents, not you. They follow local and federal housing laws and it shifts any liability away from you since you are not the one asking. Shoot me a message and I'd be happy to share how we approach this situation in the state and individual cities. 

P.S. The best part is, it's free for you to use and also checks their vet/shot records! tenant pays an application fee and you can pro-rate pet rent based on their "FIDO" score.

P.S.S I'm not affiliated with them at all, I am just a PM who uses their service and had good experience with them.

https://www.petscreening.com/

 Those will be your core people. If you find one of them, ask them to refer you to another one. A good PM will have a good contractor (in some states, may be a realtor also), a good realtor will know good lenders, and visa versa. Once you know the state you want to be in, a lot of the time, all it takes is finding one of those four, and they can plug you into the other 3. 

 As a realtor, PM, and investor in WV, I can confirm there is money to be made here. West Virginia doesn't come to mind at first when considering investing out of state, but we have low home costs and high rent in quality areas! I work from Morgantown to Bridgeport, WV, and we have some nice cash flowing areas in A-B neighborhoods. It is much like other states, though; it's not all great; you have to be careful where you invest because there are areas that could cash flow a ton but may not be worth the headache.

 I am working on finding out if he has any established credit here. Based on our conversation, I think he could put down 45-55% of the PP

I am an agent/PM who is working with a buyer from Canada. He is looking to purchase a 6-unit, 1-year-old building in West Virgina. He qualifies for the 1 million dollar purchase, and the property will meet any DSCR requirements. His only issue is that he is a Canadian citizen. Does anyone know of any banks that will work with him? I will be his local boots on the ground and my management company will do all the management (a bank turned him down because he doesn't have any investing or management experience in the USA, even though I will be the local manager).

Any leads on lenders or banks would be appreciated! 

I am a PM a few hours away from there. While I am not sure I would be a great fit for you because of my distance, give me a PM and I would be happy to reach out to some folks out that way.

Hey everyone,

I’m an investor, property manager, and realtor working in North Central West Virginia. I'm looking to build connections with other investors, wholesalers, and flippers interested in the WV market. I work with both in-state and out-of-state investors!

I primarily work in Clarksburg, Bridgeport, Fairmont, Morgantown, and the surrounding areas. As someone who invests in properties myself, I understand the unique challenges and rewards that come with the territory. I'm always looking for new investors to work with and help solve problems for. 

If you're involved in real estate in these areas, I'd love to connect and see how we can support each other. Whether it's through being your agent, understanding that whole selling isn't a scam (I know most agents hate whole sellers), managing your properties, or helping you run local comps.

Feel free to DM me or for a faster response email me at [email protected], or call/text me at (304) 931-2632.

Looking forward to connecting!

I am an investor, property manager, and realtor specializing in investments. I have been given the opportunity to start an Investor division at my Brokerage.

Our goal is to create a team of highly skilled agents who excel in understanding and meeting the unique needs of investors. I will be personally training, teaching, and approving agents for this investor team.

I would love to hear your thoughts and advice on what makes the best possible agent for an investor. Specifically, I'm interested in:

Essential Skills and Knowledge: What specific skills and knowledge should an agent possess to serve investors effectively?

Communication and Negotiation: What are the best practices for communication and negotiation when dealing with investment properties?

Market Analysis and Property Valuation: How can agents go above and beyond in providing market analysis and property valuations tailored to investors' needs?

Networking and Resources: What are the key resources and networks that an agent should leverage to benefit their investor clients?

Client Relationship Management: How can agents build and maintain strong, long-term relationships with investor clients?

Exceeding Industry Standards: What steps can we take to ensure our services consistently exceed the industry standard for investor agents?

Since I was an investor before I was an agent, I know what I was always looking for out of an agent, but I would love to hear the insights you guys have. I would love to train agents to serve best any investor who wants to invest in North Central WV!

Thank you in advance for your contributions. I look forward to your valuable insights and suggestions!

P.S. Feel free to DM me your suggestions or to connect!

Thank you,

JonPaul Kessinger