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All Forum Posts by: Shane Cloutier

Shane Cloutier has started 13 posts and replied 111 times.

Post: Building a Cleveland team (focus: agents & property managers)

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

Hello everyone, my wife and I are from NH and are also looking to invest in Ohio. We haven't nailed down a specific city yet as we are investigating the options. We would love to add all of you to our constantly expanding network of contacts. We are hoping to work on cash flowing properties and just like @Sandy Metivier, eventually do some BRRRRs. @Brian Garlington we would be grateful to have the contact information on your lender. And @Michael Orlando we would also like to call you and chat at some point. If we can ever help anyone here feel free to drop us a line and we will answer any questions or help in any way we can. Good hunting to you!

Post: Looking to connect with RE investors in Ohio!

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

Hello @Sabah Mirza, My wife Tameka and I are in the same boat. We have been eyeing Ohio as a possible target for long distance investing. The market here in NH is very limited in inventory as well as being driven higher by the incredible influx of people moving out of the cities.  We were watching https://www.biggerpockets.com/... he works out of Toledo, OH. I know he runs a turnkey business as well as having a book and YouTube channel about investing. 

Post: Long distance investors

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

For myself I am going to bring in a boots on the ground investor in the area we are going to invest in. I want them to have skin in the game to lose to help motivate them. 

Post: Looking into Berlin NH

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

Sorry double post, not sure how it happened could an admin remove this.

Post: Looking into Berlin NH

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

@Jennifer Lynne like any where else we have to look into the numbers and what is your exit strategy. Berlin still has some...and I do mean some rental market. Also there is the occasional person looking to buy in the area but, the market is flooded with available properties so you need a very good deal if you are hoping to flip it, and even then you might hold it for some time. 

Post: Happy Holidays Everyone!

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

To all of our friends in the real estate industry, we wish you a merry Christmas and a happy New Year! May you all find a juicy deal under your tree Christmas morning and have it signed by New Year's Day!

From Shane & Tameka Cloutier

Whitefield NH had a tiny house on wheels on AIrBnB a handful of months ago. It isn't listed anymore so I do not know why it was taken down. 

Post: Start in NH or wait until I move?

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

Long distance can have complications, those can be lessened (not eliminated) with setting up a strong network of property management teamed with book keeping and accountants. The work to vet those and setup a strong support network will add to the experience the others mentioned before. You could hit Texas with money flowing into your pocket and the skills to setup a brand new market to profit off of. 

Post: How deep does probate go?

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

No will as far as we know. So we went to get a home equity loan to fund our real estate purchase. Lawyer working at the bank calls and lets me know they ran into a problem with the deed. First thought that comes to my mind is that I must have forgotten to register the deed when we were given the house by my mother. Nope, lawyer says that is all fine. Problem was my mother gave me the house, only my father had taken her off the deed so after his death she didn't go through probate to get this property. So it still is part of his estate. I'm thinking ok no biggy just hit the probate court, get a quit claim deed from my brother since my mother had already signed over any control she had to the property. Then the banker hits me with an even bigger problem. She can't find any evidence that after my grandfather died that the deed was transferred to my grandmother. She sold it to my uncle, who sold it to my father. So if we can't prove that it went through probate back then, we have to go through probate at that level, which means my one surviving uncle and possibly every cousin and maybe their children as well. Lesson to be learned, make sure you bloody have a will people. I could be spending the next few years trying just to hold onto my house while this gets sorted. 

Post: How deep does probate go?

Shane CloutierPosted
  • New to Real Estate
  • Dalton, NH
  • Posts 116
  • Votes 64

When dealing with the probate court, how far down a branch of the family will they go to find heirs?