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All Forum Posts by: Nick D.

Nick D. has started 2 posts and replied 31 times.

Post: Looking for an OC based CPA

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

 Can anyone recommend a CPA based here in Orange County?

Post: OC Master Mind Group

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

Hi @Steven Nguyen- I was active in local OC meetups pre-covid but haven't networked nearly as much since. I would be interested as well in participating in a mastermind of sorts. A bit about me- I have worked in lending for the last 4-5 years, specializing in single family & multifamily portfolio, multifamily bridge & term, and residential investment financing. Spent a brief time working for a public REIT running their acquisitions efforts in Phoenix, buying an average of 16-20 properties/mo and assisted efforts in other markets across the Sun Belt. I personally own a small portfolio in Kansas City with my business partner. Feel free to connect, I'm based in Irvine

Post: Insurance Agent Recommendations

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

@Tim Hoh I can provide the name of the insurance agent I use. I'm also investing in KC from SoCal so I'd be happy to connect and share best practices. Feel free to PM me

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

@Kenny Hall

Hi Kenny! I personally focus on the KC market but work in acquisitions for a group that owns and operates 100+ properties in Indy. Send me a PM and I can send you our buy box. I’d be happy to figure out a way to work together.

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

@Lane Kawaoka

Thanks! I’ll send you a PM

My business partners and I have a few properties under our belts already but have made it a commitment to focus more of our energy on investing for ourselves.

My previous job had me working with investors across the country and I was able to pick their brains while working to structure their loans. I'm currently working for an institutional SFR fund but what I've quickly realized is that even with my background there are plenty of nuances between doing it for yourself vs doing it for others. Mainly after the deal closes!!

Part of what I like about rei is that there’s always something to learn!

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15
Originally posted by @Mike D'Arrigo:

@Nick D. Good to see you come out of the shadows. We've been active in both Indianapolis and Kansas City for several years also. Feel free to connect if you'd like to exchange some insights and experiences.

Thanks Mike, I appreciate the response. I'll message you

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15
Originally posted by @Alfredo Castro:

@Nick D.

Best wishes!

Thanks Fred! Looks like you're up the 405 from me. Feel free to connect to talk about OOS investing or anything investing related if you'd like! 

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15
Originally posted by @Nick Giulioni:

Welcome out of the shadows, Nick! :)

Thanks Nick! Hope you're doing well in Indy! Let's connect on seller financing when you have some time after the new year. Would appreciate your insights!

Post: Not so new OOS investor out of the shadows

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

Hi BP,

I’ve been lurking for a while now, with the occasional post, but have made it a point to me and my future self to become more engaged with this community and actively connect with like-minded people! 

I previously worked for a commercial lender specializing in single-family and multi-family portfolio loans but recently made a switch and currently work in acquisitions for a large rental housing company. My 9-5 has me working throughout the Sun Belt and Indianapolis but I'm also focused on growing my own rental portfolio in the Kansas City metro (primarily SFR, but have the ability to pursue 2-4 unit properties and/or small apartments).

If you’d like to connect, feel free to drop me a message!

Post: Insurance is killing my rentals

Nick D.Posted
  • Rental Property Investor
  • Irvine, CA
  • Posts 33
  • Votes 15

Sounds a bit high. I have $90k single family rental outside of Kansas City that I'm paying $550/yr on for insurance. Policy covers $1M liability, 6 months loss of rent, and at 100% replacement cost. Like others have said, I'd shop around.