All Forum Posts by: Kyle A.

Congrats, Evan! Both on graduation and the planned house hack! Great way to start and sounds like your education is well underway. My wife and I are REI in Cincy and although the market is very hot, it only takes one right deal to get started. Good luck!

Congratulations, Michael!  I am also interested from hearing from the Cincinnati pros on their preferred title company(s).  

@Ryan Copeland congratulations on your success! My wife and I are in the process of obtaining our first LTR property in Cincinnati. Best of luck!

@Kade T. Brunson congrats on taking the first step in REI!! Please read/listen to Brandon Turner's book on how to invest with little to no money down. As others have mentioned, house hacking will likely be your first step. Good luck and so great to have you here!

Cincinnati real estate investor and wife chiming in here.  Welcome to the Nati! Our target area is OTR, West End, Downtown, but like you we are always looking for units where the financing works.  Like Brandon Turner always says, you make your money when you buy the property. Can’t wait to connect and good luck!

@Emily K. Congratulations on pursuing a property. Imo and based off of the BP podcasts you need to make sure you (1) research all local rules (for example, Cincinnati has new policies in place regarding fees and limits per building) and (2) fully disclose your intentions to all prospective landlords — some landlords could be okay with this arrangement and you just need to fully explain the business strategy with each landlord.

Good luck and thanks for sharing!!!

@Deisy P. Sorry to hear about your recent struggles! I obviously don’t know the details here, but might I suggest growing slowly and perfecting the tenant screening process via the great free tools on Bigger Pockets. These are great resources to weed out trouble-tenants. Someone looking to take advantage of you should set off some red flags during the screening process.

And on the acquisition front, no need to jump into a poor deal — network with local investors, analyze deals for practice, and only make offers where the numbers work. This is a marathon and with taking a deliberate, slow long term approach you should eventually be able to remove many of these issues. But it will not happen over night.

Good luck and wishing you all the best!!

@Carmel Duffy thanks for sharing!!

Like Brandon has said on the podcast, if you give a mouse a cookie the next thing you know they are going to ask for a glass of milk, and then the next thing you know you’re doing everything for your tenant. You can’t create this precedent for you or any other one of your tenants.

Snow removal is their job, end of story.

The fact they they were going to sell the snowblower means that you need to start doing routine maintenance check ins at least once a month to make sure they aren’t stealing other things from you.

Lastly, do not renew this tenant under any circumstance.

On a personal level, the snowblower was very nice of you and for the right tenant with a good track record, it would be a nice gesture. Just can’t do that here. Good luck!!!

@Tony T. Become a landlord to a brewing company or a nightclub company. Vacancy costs are going to be high, but a similar church style in Cincinnati did just this with a church. No harm in walking away from the deal, frankly. This might be an opportunity for a more seasoned investor who has contacts that might want to lease the property from her/him. BP podcasts always say walking away from a potential opportunity is sometimes/usually the right call. Just keep looking imo. Good luck!!

@Scott Benton great thread and love hearing about others’ views on debt, returns, and peace of mind. Most of the posts here just boil down to personal preference and risk appetite. I’m personally a mix of Ramsey v. BP philosophies, but certainly am more conservative. Like the podcasts always say, you need to be persistent and patient to purchase each deal at the right price. Good luck!!