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All Forum Posts by: Kerlous Tadres

Kerlous Tadres has started 1 posts and replied 193 times.

Post: Introduction and Networking

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Clarence Harvey:

Hello! An aspiring investor here, moving to Cleveland Ohio within the next year or so to househack my first property and begin my real estate journey by age 25/26. Feels like I’m starting late. However

This is my introduction and to also network with anyone within the area of Cleveland and the Ohio area! 
id like to build connections with fellow investors and investor friendly real estate agents. Will be looking to scale relatively quickly as well


if anyone is willing to talk me through the Cleveland area or what I should expect and what to go for! That would be amazing. At the very least I’d like to connect and network with people within the srea


Hey Clarence, 

Congrats on wanting to start your investing journey. I would be more than happy to see if I can help you get started. Biggest thing is to build the right team

Post: OOS Investor Looking to Partner Up

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Diana Tran:

Hi! I'm interested in investing in both multi-family homes and single family homes in Columbus. I'm currently establishing some contacts in Columbus right now, such as agents/brokers/etc but seriously looking for local partners who would be interested in building a portfolio together over there. I'm a newbie to this but have spent the last 2 years learning A LOT about real estate investment in the U.S. and Europe, secured one property, so far working on the 2nd. 


 Congrats on your first! Would love to see what I can do about a partnership

Post: Any top notch real estate agents

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Ted Davenport:

In search of top notch real estate agents to work with in Ohio or out of state


Hey Ted, 

I think I might have some great connections to help you get your places moved!

Post: Observation and Wondering of Columbus Market

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Julie Philpott:

Hi everyone, 

As a first time out-of-state investor, I've heard buzz about promising neighborhoods in Columbus, like North Linden, Olde Towne East, and Franklin Park, known for their potential cash flow and appreciation. However, a quick glance at Zillow reveals some new or decent condition rental listings lingering for over 30 days. This raises a critical question: Is there a genuine rental demand in these areas, despite the city's ongoing efforts to enhance infrastructure? Understanding this dynamic could be key to making informed investment decisions


Hey Julie, 

There is still a huge rental demand here. The biggest thing that you might not see is that some of these rental listings could be overpriced compared to rental comps. If you price it right and have the necessary qualifications to get the right tenants in place, you should have no issues!

Post: Markets for BRRR

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Hadar Giladi:

Hi everyone!

I've got some properties up in the DFW area. Right now, finding properties around there that work for that BRRRR strategy is really difficult. The property taxes and interest rates are just eating away at the cash flow, so I'm pretty much stuck doing flips in that market.

Wanted to get your advice and hear your thoughts on where might be a good market for the BRRRR method these days? I know a lot depends on the specific deal, but there's gotta be some markets out there where it's easier to find properties that are 70% of ARV and still cash flow pretty decent, right?

Let me know what you think - I'm all ears!
Trying to figure out the best move for growing my portfolio, so any input would be much appreciated.

Hey Haddar, 

I have done 2 BRRRR's so far. I can tell you the biggest thing is as long as you run your numbers tight and have good contractors you can be pretty successful at it. Just choose the right market for you that would help you become the most successful!

Post: Does anyone have experience in Wilmington,DE? A mentor of mine has recommeded

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Matt Owens:

I am looking for out of state investment opportunities. I have been doing research on markets that others have brought to my attention, Ohio market, Arizona, etc.

I was interested in some opportunities I have come across in Wilmington. Appreciate any insight from those experienced in that market,
I am looking into small multifamily units. 

Hey Matt, 

I can say as long as you build your CORE 4, you can invest anywhere! CORE 4 includes having a great Realtor, Contractor, PM, and Attorney. I invest here in Columbus, Ohio and have 4 door, there is a lot of opportunity here for small multi-families. Let me know if there is anyway I can help!

Post: First timer looking to learn and invest

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Ed Henson:

Hi! I'm excited to be here and learn. I'm interested in buying and holding single-family and/or small multi-family properties. Currently in Las Vegas, NV where the barrier to entry is high in terms of costs SO I'm looking elsewhere. 

Currently interested in north Dallas area, Ohio, and properties offered by REI Nation. Currently in research and networking phase. I am looking to take the (calculated) plunge early 2025.

Hope to make some great connections here! Bless!

Hey Ed, 

I live out here in Columbus, Ohio and I have 4 doors. Columbus is a great spot to invest in with Intel, Google, and Microsoft all coming here. The main thing though is to build your CORE 4 wherever you invest. Find a great Realtor, Contractor, Property Manager, and Attorney

Post: How would you recommend allocating gross rental income?

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Matt Owens:

As a new investor I am working to find the right balance of allocation towards Vacancy, Capex, Emergency, etc. I currently sit anywhere in between 6-8%. I like to be aggressive with these numbers as cash flow is not my main focus now. I am interested to see what seasoned investors find to work best. Mostly small multifamily properties.

What is your breakdown? Thank you in advance!


 Hey Matt, 

I own 2 duplexes here in Columbus, Ohio and I would say that buying duplexes in an appreciating area would probably be your best bet. Columbus,Ohio is growing very rapidly with businesses like Intel, Google, and Microsoft. Let me know if you have any questions and if there is anyway I can help!

Post: Californian trying to buy first investment property

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Jacob Cho:

I'm trying to buy my first investment property with ~$100k saved up.

My brother started his first W2 job last month that pays $45k/yr+ commissions.
I plan to get a minimum wage job/an entry W2 job since I'm still in college and to hopefully qualify for a bigger loan.

A lender estimated we'd be eligible for a $300k loan with $100k down, and a $2,500/mo payment on a $400k property with only my brother's income as of now.

California is too expensive for us so I have been looking into out-of-state investment properties.

What would be the best investing route for us to take to grow our wealth? What should I be doing?
Is it even a good time to buy right now or should I be waiting until interest rates go down?
What type of out-of-state property should I be looking for? Single Family? Multifamily?
Are out-of-state investment properties recommended for a complete beginner to start with or too risky?
Do I have to form a team for out-of-state properties or are there other better ways to go about it?
If I have to form a team, how do I go about doing so?

As a complete beginner with no experience at all, please guide me on everything I should know and all the steps I need to take to make a successful investment.

Thank you in advance.


Hey Jacob, 

Congrats on wanting to get started on investing in real estate. The best investing route for you guys to grow your wealth would probably be for you to look in something that has a lot of appreciation opportunity with smaller cashflow. I think Columbus, Ohio is a really good spot for you to do that. The best time to buy real estate was yesterday. If you want more doors and pretty good cashflow I would say duplex. Out of state investments are not risky if you set up the right team. Set up your CORE 4 which consists of a good Realtor, Contractor, Property Manager, and Attorney. I would hop on calls with people that invested before and who have also invested out of state. Ask them all the questions that you need answered. Let me know if there is anyway I can help

Post: Buying in an "A" neighborhood vs "C" neighborhood

Kerlous Tadres
Pro Member
Posted
  • Realtor
  • Columbus, OH
  • Posts 197
  • Votes 307
Quote from @Alex Silang:

 I currently own 1 "C" neighborhood and have had great success over the past 7 years. Keep rent a little bit below market and keep the property maintained and you can get great responsible tenants. 

I'm weighing on buying a "A" property though. 

1) I heard that section 8 in a way offers downside protection for land lords.  In a recession, you can just fill your property with section 8. Thoughts?

Any other thoughts?


I don't think that's exactly how it works. S8 tenants will always be there for you to have. Just try to focus one strategy and niche on it for a while