All Forum Posts by: Oleg Korolov

Hey guys,

I wanted to reach out to you about a potential loan for a property me and my partner are purchasing in Pittsburgh, PA. It's an investment property, row house with 4 bed 2 bath in a high rent demand area of town. We have it under contract at $100K. At this pointof time I don't believe we would qualify for a conventional financing, but we would prefer not to do hard money for this project since we are planning on keeping it as rental, so ideally we would get a loan for 15 or 30 years. We're willing to provide 20% down payment plus closing costs, of course, and if needed to use some properties my partner has as a collateral. Let me know if you guys are working with these types of scenarios or not. I appreciate your time.

Sincerely,

Oleg Korolov

@Justin Kane Thank you for advice. I'm partnering up with someone local who's already doing business in the area, having understanding of the market, relationships, etc. So, this is not what I'm bringing to the table at this point of time. But I'm catching up on local details, for sure.

Thank you for your reply, @Stephanie P. You're right, I'm talking to few local banks that so far seem to be an interesting option. It seems like our loans will be above that threshold but it's helpful to know that there might be kind of a threshold so thanks for sharing!

Hello everyone!

My name is Oleg and I'm finally making actionable steps towards getting my first rental properties. I have found a partner that already works in a market that interested me, Pittsburgh, PA. So now I would like to find a lender that could help me to do cash out refi on smaller properties there (SFR and duplexes to begin with).

While I was just thinking of establishing relationships with local mortgage brokers for a near future, turns out my partner would love to do cash out refi right now to free up some capital. We are talking about fully stabilized fully rented assets (one SFR and one duplex).

Does anyone know a good broker in the area that is familiar with BRRRR (or BARRRR, haha) strategy? I have been talking to some local banks, but I'm hearing that using a broker as opposed to a banker could be a good idea on a longer run (starting from fifth loan onwards).

Thank you for your time in advance, BP gang!

Hello! I am a realtor in Los Angeles, looking for someone to work with on filing my taxes for this year (since it's still 2017, maybe there's something I could do to minimize amount of tax paid). Basically, looking for an advisor to develop a long-lasting relationships with.

If someone has somebody in mind - please share. I would truly appreciate it!

Hey everyone! I am a realtor interested in investing side of business! Would love to meet as well! When are you guys thinking?

Vacant lot in booming Hollywood Hills neighborhood! Great opportunity to build a dream home for an owner-user (who is going to greatly benefit out of being in one of the best school districts in all Los Angeles - Carpenter Community Charter School) or savvy developer. Very conveniently located, it's only ten minutes away from the hart of Studio City (Golden Triangle) and prime West Hollywood. Surrounded by million dollar homes, this lot has a lot of potential for a buyer. Hurry up and take advantage of this great opportunity to own or develop in prime Hollywood Hills.

Please contact me for more details, photos, etc. Property is officially listed on The MLS by me, and I am a realtor. Just so you know and there is no surprises there. =)

Legal disclaimer: property is being sold as is where is. Buyer to verify all information and rely on their own investigation.

Welcome to BP! So much great info and good people in here! Good luck to you with your endeavors!

Hi, Paul!

Welcome to BP. I'm sorry to hear that you're going through problems with tenant, it definitely could be problematic. But it all could be fixed, even though there's a cost associated with that sometimes. I have a client who recently went through hardship of getting rid of long-term tenant through the court, so maybe this experience will be helpful to you. Let me know if there's anything you need, I will be glad to be a help to you or to recommend somebody who could.

Sincerely,

Oleg Korolov

One advise I can give you - go out there and do it. Either with my real estate agent's career or with my start with investing in real estate, I have noticed one similarity - good things happen when you just go out there and start talking to people instead of trying to research and do all the boring stuff. =)