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All Forum Posts by: Ken Nyczaj

Ken Nyczaj has started 53 posts and replied 450 times.

Post: Beginner Question about being self-employed

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Brit Sharon bring in a partner who looks good on paper with a high W2 earnings if possible. They could even just co-sign on the deal and not have an equity stake if you know them well enough. Or use private money or hard money.

Post: Should you buy a home for yourself first, or a rental unit first?

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@John Brooks do both and house hack if you are going the rental route, buy a duplex or triplex or fourplex, use FHA and put low money down and live for free.

Post: Newbie Wholesaler Courses

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Bri Webster more than enough info and book recommendations on this site to get into wholesaling. Start with a marketing plan and budget and save your resources for that.

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@John Mocker good points John. We are looking at a few insurance companies.

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Marlen Weber @Ozzy Sirimsi thank you for the support!

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Jordan Berry Thank you for the connection! This will be my first so I'm sure questions will come up. Thank you for the resources, I'll be sure to check them out!

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@John Mocker thank you for the advice. Eerie Insurance is who we are using, a little more expensive than others, but we've used them for flips and rentals in the past, and Eerie seems to be very reputable. Great advice on the laundromat, we are still waiting to hear what the policy will look like.

As far as cost, the 7 unit apartment will be around $3,000 per year. Seems reasonable?

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Yonah Weiss hello Yonah, maybe we can talk within the week about a few things? I’ll send you a message if ok?

Post: First apartments under contract

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Thomas D. @Alex Failaev @Ben Guttman Thank you all for the kind and encouraging words.

Post: Maryland (First Time Investor)

Ken Nyczaj
Pro Member
Posted
  • Investor
  • Grasonville, MD
  • Posts 453
  • Votes 415

@Dennis Woodbine welcome! Some incredible information and resources to get you started here. If you drive a lot the podcasts are great knowledge to soak in while traveling through around the 495 beltway. I do more work east of you, but if you're looking for recommendations in AA county or Queen Anne's I may be able to help.