All Forum Posts by: Kyle Kreider

I'm looking to purchase a foreclosed home with needs for repairs less than 5,000.. have not had an inspector overview the home so just from what I've seen.. Really interested in getting advice which route should I take this? Hard money, Rehab, Refinance... or 203k? Any input on either method?

Little about the house its priced right now for 135k but has been on the market for almost six months, my agent suggest we start at 120k and see how the bank will take it. Neighborhood has similar comps 145-155k.. 125k is about the most I would like to purchase the home for. Home has holes from vandalism in every room, some appear to be from a hammer and some are very large. The backdoor would need to be replaced and a little rotten wood at the bottom of the door frame. Anyway nothing major from what i know without an inspector also the house is just about 10 years old... Any advice or stories of creative financing would be appreciated thank you all!

Hello fellow investors! I Am currently looking into purchasing a home in need of some repairs. This will be my first investment as I'd like to fix and live in. The goal is to fix the home then be living in a home with a good amount of equity. From the visual eye (obviously have not had any inspectors to look at the home yet) there is holes in every room through the drywall, and the back door looks to be broken into. There is some water damage on the laminate floor near the back door (where I think it was left open) and bottom 4 inches of the doorframe is a little rotted. Besides the few things listed here home looks to be very solid condition built in the mid 2000s the home is not even that old. At this point I am looking for a way to finance this home and 203k loan seems to be my best route. Any and all input/advice is appreciated time is not a factor.. Home is bank owned.

Thank you,

Kyle Kreider 

I've recently been looking for my first investment, there is a local area that has town homes ( four units in the same building side by side). I spoke to a local real estate agent about purchasing the whole "building" with my intentions in living in one and renting the other three out. At this point he informed me that each individual "unit" inside these buildings are considered a SFR.. So I dont know the history of the building but is it possible someone had these built as a "multifamily" then sold each unit individually? Is anybody familiar with a situation like this and can shine some light?

Laura Petree I'am also in the military I'am currently due to arrive to Savannah area later this year, I hope you don't mind I will be saving your number to contact you. I'am also very interested to start investing using flips/BRRRR..

@Junior Matthews Hey I'll actually be coming to Savannah in the September time frame, think it would be awesome to be able to connect! Also active duty I'll be in HAA 

I'm trying to find a decent property manager who works in the Tallahassee area in Florida. My older sister currently is renting out her old townhome she bought while in college. By the sounds of it the property manager is charging about 80 bucks an hour for their handy man. ( 1 hour minimum) For things as small as light switches, replacing locks on doors, blown bulbs.. I could call around and ask for her ( she was complaining and is not aware of me trying to locate cheaper services for her yet) but i want to hear first hand experiences with some.  

Thank you in advanced!

@Chris Jenkins Hey Chris! I seen this is an older forum ( I found it while searching for a REI group in the area) I'm curious to how everything is going for you in that group and in your investing!

Also thank you so much @Kerry Baird for your input! I'm being pretty proactive ( maybe a little to much) looking for a local REIA I still have some time till I get there. I'm really hoping to be able to mirror some of the few things you've just said! BP has been a great mentor for me so far, I've been around for 3 weeks and starting my third book today.. Never been a reader before but this has grasped my interest like no other!

Best of luck to you continuing your journey!  

Hello @Nicholas Armstrong thanks for the input! 

 I used the free trial and really didn't see any spectacular deals. I know like any market its finding the right deals but I gotta do some reading on even just the process of buying a foreclosure. I'm guessing this is market you get most your buys from?