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All Forum Posts by: Kurt S.

Kurt S. has started 7 posts and replied 20 times.

Post: What tools or data would make your investing better / easier?

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

Thanks. This is the type of comment I am looking for.

I suppose the value of the algorithm I built for age is just the scale. I don't think the average wholesaler would know where to find that data and to do so at scale. Probably much easier to pay a small service fee and just have me do the grunt work to code up the process.

Market vectoring sounds really interesting. Are you typically doing this for short term market projections? I would love to take some of the inputs you use and throw them into a machine learning model. The turnaround time is faster than a lot of people realize. I've got a lot of code already built. I would just need some training data and inputs and I'd be ready to go!

Post: What tools or data would make your investing better / easier?

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

I think about data a lot. In fact, it's what I do for a full time job (data scientist). Part of what attracts me to BiggerPockets is the valuing of clear metrics such as COCROI, being careful about estimating potential rental costs, and adhering to investing rules such as 1-2% rule that give high-level guidance as to the return on an investment. I like numbers people. 

In this regard, I have been thinking about how to build a data product or products for the community that would help save investors time or give wholesalers more targeted marketing. Nothing too fancy, but just a suite of tools that could help streamline your investment process or give you an advantage over competitors. For example, not long ago I helped someone obtain estimates on homeowner age. My friend gave me a list of addresses and I was able to track down the homeowner age pretty systematically (and with a high degree of accuracy). This helped my friend know who to call first, as he had a demographic he was aiming for. 


I am writing this to kind of get a 'feel' of whether the community would find something like this valuable enough to pay for it. Like wondering if people would pay a small service fee to obtain this data. Or what types of gaps exist in the current tools you use. Is there anything that would save you time as an agent, wholesaler, or investor? I would be really interested to know and chat about this with you. 

Post: Thoughts on Norwood?

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

I live nearby in Oakley and will back what others are saying. Very hit or miss. Depends on where you are in Norwood. 

I started reading BP at age 29 and listening to podcasts on the commute everyday to work. Bought my first duplex at age 30 (current age). Learning so much from the experience. I am looking to build a big portfolio over the next 5-10 years. 

Post: New investor in Cincinnati

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

Hello!

My name is Kurt. I am new to investing. Been reading material on BP for about 6 months and just purchased my first duplex. I look forward to connecting with others on this site, sharing my thoughts and experience, and also learning from all of yours. Really love the BP community! 

Post: Cincinnati multi family property inspector recommendations

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

I can recommend Gerard Home Inspection. They quoted us recently for a duplex. Reasonable in price and good quality. They come recommended from my agent. 

Post: Cincinnati Multi-Family Rentals

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

Noah, I'd be happy to chat sometime about neighborhoods and the market. I just bought my first duplex and would like to connect to other investment-minded folks in the area! 

Post: Seeking Advice or Recommendations for Duplex Home Insurance

Kurt S.Posted
  • Investor
  • Chicago, IL
  • Posts 20
  • Votes 15

Hi all. I am excited to say that I just purchased my first duplex! Now I am in the market for home insurance. Do any of you all have a favorite provider? Are they mostly all the same? Any of your wisdom/advice is appreciated! 

Aaron - thanks. I look forward to our phone call!

Eric - thanks for the info. I'm in the market for residential (2-4 units). Eventually I would like to buy commercial, but first want to start small with 2-4 units rentals. This is for two reasons: 1) I'd like to get a sense of what it is like to be a landlord without going "all in", and 2) Being a younger investor I am thinking a bank would be less apt to lend to me for commercial until I have a proven track record of success. Thanks again -- your advice is appreciated!

Subject says it all. I'm looking to purchase a multi-family in the Northern Kentucky area like Covington. If anyone is an agent or has a recommendation, it is much appreciated!