All Forum Posts by: Kevin Ochs

What are the best apps to use for real estate investment analysis? It can be any investment strategy. Please tell me what you like about it, too!

What are the best apps to use for real estate investment analysis? It can be any investment strategy. Please tell me what you like about it, too!

Hey BP, I'm looking for some advice and opinions on structuring a REI business in Indiana.

Are you doing all of your deals in a business name or your personal name?

Is a Series LLC the best way to structure a buy and hold/rental business? It seems to make sense to have the Master LLC under which each property is listed in its own series LLC.

Additionally, if you're flipping, would you put each flip in it's own LLC, or would you do them all under the same LLC?

Thanks in advance!

Happy New Year, Bigger Pockets family! 

I hold an Indiana Real Estate Broker license which is currently in referral status. The license was active for a couple years but I had prematurely obtained it. The purpose of getting licensed was always for the benefits it provides as an investor rather than actually being an agent.

That being said, I’m looking to take it out of referral status and affiliate with a broker as I begin looking for my first property. I’m not interested in a brokerage that wants to make me an agent, so I need some recommendations for brokerages  that have low “desk fees” or “cloud fees”. Again, I’m strictly using the license for investment purposes and do not intend to act as an agent for any parties outside of the investment property market. 

I know a lot of you are in the same position, so what has worked best for you? How have you been able to use all the benefits of being licensed while minimizing dues and fees? I’m not really interested in being recruited, but if you have any advice or experience, I’m completely open!

Thank you in advance!

 Hi Grant, thank you for the fantastic advice! That’s very helpful to know moving forward. As I get into the market, I will remember to reach out if a partnership makes sense. Thanks again!

Hi Gloria, thanks for the reply! I appreciate the podcast recommendations and local REI group mentions. It's great to hear there are so many support systems and individuals that are willing to provide advice.

Hey BP crew! My name is Kevin Ochs. I live in Noblesville, IN, and am married with a wife and 3 kids. Currently, I work as a trainer and supervisor in the claims department of a major insurance company. 

I have dabbled briefly in real estate previously as both an agent and loan officer. However, my long term plan in real estate has always been as an investor. I originally joined Bigger Pockets back in 2013 when I knew nothing about real estate. I believed the gurus that said I could get started with little to no money, and at the time, I definitely had no money. 

Some time has passed, and I've obtained an Indiana Real Estate Brokers license, learned more about investing, and finally started saving some money. My wife and I are almost at the point of buying our first investment property. The goal is to buy our first one in the next 6 months. For the first one, we likely would be looking for single family properties and possibly duplexes to get our feet wet. Ideally, we want to BRRRR our properties so we can rent for long term wealth and financial freedom. My goal is to be able to retire from my current job in 5 years!

I have very little rehab experience outside of replacing fixtures, painting, and landscaping. I’m also undecided on whether I want to be a landlord or use a property manager. However, I’m excited to end my analysis paralysis and jump into real estate investing! I look forward to connecting with the incredible members of this community and hope to post some success stories soon!