All Forum Posts by: Kyle Neff

@Adam Scheetz where do you typically research the economic indicators? ie expected job growth, estimated appreciation, etc.

@Steve Vaughan this might be one of the best posts I’ve seen so far. Love the factual but light-heartedness. Thanks!

Curious to hear some opinions on Turnkey vs. Traditional REI for an out of state investor. Mostly looking at Cincinnati and Cleveland, OH markets.

Background: I have a full-time job so schedule is always pretty full. I am looking to invest in 2, 3, and 4-families in those areas and generally around the Midwest. I am also looking at properties that are are close if not fully inhabited at the time of purchase so there is (hopefully) immediate cash flow. My thought is that with a full-time job, I might not have time to manage contractors and such when units need to be turned over. I guess this is where a good property manager comes in, but regardless, looking to learn the ins and outs and any gotchas that I am not considering.

Look forward to the feedback!

Hello BP Community! I am considering multifamily properties from 3-10 units. I know anything from 2-4 units will require a residential loan and anything more than that will require commercial financing. Curious to hear opinions on:

1) Res vs Comm Loans and any caveats / gotchas I should consider?

2) Whether or not I should even be considering a Commercial MF for my 1st investment?

3) Whether I would qualify for a commercial loan considering my experience level?

4) Any other recommendations / advice.

For background -- I am looking to purchase a property between $150k-$350k and have enough for the 25%-30% down if it is required, although that would tie up a significant amount of my capital. Look forward to everyone's feedback!

@Zach F. appreciate all the insight you have provided on this thread! I was in Cinci last weekend and got to know the area / neighborhoods a little better. I'm originally from south of Columbus but have been in Georgia awhile now. Would you have a few minutes to connect over the phone this week or next to discuss more of the areas you cover?

@Michael Noto absolutely. I have heard this again and again and am currently re-reading @David Greene's book - Long Distance Real Estate Investing. Any additional thoughts on how to actually build a strong team in a market that you live states away from? For your reference, I currently live in GA but am interested in Cincinnati, OH. Thanks again!

@John Warren - couldn't agree more! I have already gotten several references for my target market, now I need to vet them and make sure there are backup options for the scenario you pointed out. That's not something I would have thought of immediately so I appreciate the recommendation!

@Matt K.

Thanks Matt! Agreed, Is there any specific tenant screening / software that you use?

@Stephen Krzyzak

Thanks much for the response Stephen! I keep getting this answer over and over so it must be true. I appreciate the insight on types of questions as I will begin interviewing PMs in the near future. Just curious - I see you're in Findlay...do you do any investing in Cincy?

@Jim K. Thank you for your candor in this post. As much as I like to think of myself as an optimist, sometimes this is the most valuable type of feedback around.