All Forum Posts by: Nathan Murith

@Christian Clark awesome job, well done!

While we do not invest in Columbus, OH we know a bunch of people who do and are very successful. We also invest remotely and have done so for a few years.

I just wanted to reach out, say hey, and offer up any help, tools, tips, tricks, resources, learnings, if you are interested.

Please do not hesitate to reach out, connect and DM me

hey @Nicole Delaune, +1 to what Jim said.

There are active buyers, sellers, investors in every market in the country…  there is tons of investment activity in the sunbelt and Midwest right now, but that doesn’t mean there isn’t elsewhere in the country.

If you want to build leads lists for St. Louis, MO, I’m a buyer 😀

@Benjamin J Haithcoat welcome!

While we are not currently in St Louis, that is where we do most of our inversing.
there are a number of meetups you can find on the biggerpockets network tab or meetups.com

Would be happy to connect and see if there are collaboration opportunities.

Please don't hesitate to reach out connect and DM me

@Tyler Wash welcome to BiggerPockets!

We invest in STL. Been investing there for a few years now.

As you likely know, each neighborhood in STL could greatly vary. Do you have any idea of what types of investing and property you want to do?

We invest mostly in STL County. We know a lot of people of invest in Gravois Park, Tower Grove, Bevo, Dutchtown.

Happy to talk more if interested, share what we know. Please do not hesitate to reach out, connect, and DM me.

@Frieda. Johnson, congratulations on doing the work!

Do you have any idea which direction you would like to go in terms of real estate investing? If you haven't already, I would highly recommend this book that covers the basics and will help choose which direction you want to go in: https://store.biggerpockets.co...

It's great to have equity in your house, that is always an option. You need to make sure you would be ok with leveraging that and risking that.

Other than that, you need to find all the ways possible to increase your income and save more. We did things like rent our storage or parking space through apps like neighbor.com, or get paid to drive our car with services like wrapify. (Not affiliated to any of those).

Happy to chat more about other things we've done if interested. Please do not hesitate to reach out.

@Fei Gao congratulations on the first two properties!

It also all depends on what you are looking for, cashflow, appreciation, etc. As Chris said, I would put a ton of effort into looking for, interviewing, and finding the right property manager. Once you have that part of your team, it’s off to a good start and it being remote shouldn’t scare you.

We pretty much exclusively invest out-of-state. Happy to share our success and failure stories as well as any other tool, tip, trick, that you may find helpful. 

In fact, one of the markets we invest in is right outside of Chicago on the Indiana side of the state line.

Please do not hesitate to reach out, connect, and DM me if you want to chat some more.

Welcome to BiggerPockets @Natpanop Techasarntikul! Congratulations on the condo transaction! Maybe not the best or not what you had wished for, but at least you are taking action and doing something that you can learn from!

Do you know what kind of real estate you want to get into and where?

If you haven’t already, this is one of my favorite books on rental investing when getting started: https://store.biggerpockets.co... it really covers all aspects of rental investing. From there, you can then choose to get more specific and build your knowledge.

Happy to share our story if you want to chat more. I will also happily share all the successes, mistakes, tools, tips, tricks, and resources we love. Just reach out and let me know

 So it is a duplex? Also confirming you plan on self-managing? I did not see any expenses associated with property management.

if it is a duplex, you will likely have more expenses like lawn care, snow removal (depends on where the property is). Did you also check if the unit are metered separately so the tenant pay for their gas, water, electric?

I would be very careful with using Zillow or Redfin data for insurance and taxes, those are often very inaccurate! You can call the county assessor's office to get the property tax for your situation (i.e. in or out of state investor) and property. you can also get way more accurate insurance quotes from online brokers.

keep up the practice and please reach out if you have any other questions comments or concerns. I am also happy to show you the different calculators we like to use in addition to the biggerpockets ones. some of they automate some of this for you. just reach out if you want to chat more.

@Mark Mainini looking at this with the limited information we have, here are some thoughts/questions:

1. Did you confirm realistic market rent at $2599? With a property manager for example?

2. Did you get validation from a lender on the terms? I.e. 80% loan at 4.5% for 27 years. Is the term not 30 years? These terms seem really good for today’s lending environment. Are there points/fees associated with loan that should be added to your analysis?

3. Did you validate property taxes and insurance?

4. Is this a duplex/tri/quad that there are garbage expenses for you the landlord have to pay?

@Tyrone Rice,

Did you validate that $0 down payment 3.5% interest rate with a lender? That seems close to impossible in today’s lending environment…