All Forum Posts by: Kevin Johnson

I'm also looking for a property manager in the Charelston, SC area. We have a contact to help with rehabs and would like a PM that can assess areas of interest before beginning projects and can then manage the properties afterwards. Will be interested in SFH and small multis for now and interested in long term, mid term and section 8, whatever makes sense in the area. Thanks!

Anywhere I can buy property still for cheap

Possible good investment?

Iowa? Nebraska?

I have not been keeping up lately although now i am.

I live in NYC.

Hi everyone,

I am new to this forum. I have listened to Bigger Pockets for quite some time now and finally decided to get on here because I current own a home in California, but I want to buy a 2nd house out of state. I was thinking Arkansas, Ohio, Indiana, or Michigan. If anyone else has suggestions on states they have rental properties and is working well, please let me know. I would like to start buying a rental property in early 2024. I just wanted to get started to choose a state, starting looking at it more and hopefully start to talk to get approved for a loan and start to talk to a real estate agent. 

Thanks,
Miguel Suarez

 I'd bet against that. I'd hope for the best, but prepare for the worst. I'd say my Georgia contractors have been the very best I've ever worked with--better than my own brother's crew. But still even with excellent communication, details, incredible problem solving we are still well behind schedule and over budget.

 Out of state rehab? This **** is tough. Contractors, ARVs, etc., all are a crock of ****. I recommend going turnkey out of state, unless you can get yourself to the site and be on top of it. Or know how to draft contracts for contractors to mitigated by their normal downfalls.

Hi BP community! I have gathered the courage to make on offer on my first investment property. The deal seems good:

Good B+ area in Columbia, SC suburb, great schools, 3 bed 2 bath, needs some cosmetic work (repaint interior, a few holes in the wall to fix, 1 broken window to replace, likely replace laminate flooring in 1 room, replace bathroom sealant)

ARV is around 220k, it's offered for 165k and already has a cash offer of 172k (I'll be financing). After cosmetic repairs it may rent for 1.7k

I believe it's a good deal and numbers seem to work. My realtor made a few videos for me and seems like no major work needs to be done. I have no idea of repair costs.

Any advice on making an offer considering I didn't see the property in person? Should I make a contingency of inspection offer? I don't want to loose a good deal but also to get trapped into a bad one. Thank you so much!

Hi Yall,

Looking for an owner financed deal in Columbia if you know of anything or have one yourself. Let me know! Thank you!

 You are going to have a difficult time having someone lend to you on a subject to property because they will not be in first position and while you would "own" the property via QCD, there is a first mortgage on the property in someone elses name. Either bring on a partner or wholesale the deal would be my recommendations. A little equity is better than no equity. 

If you brought on a partner expect them to want 80-90% of the profits if they are bringing in all the $.