All Forum Posts by: Steve Kirsch

Howzit BPers.

Can you recommend websites to research when looking for profitable markets that would forecast 3, 5 or 10 years out regarding SFH and Multifam rentals? Thanks.... steve

Aloha BP family. When calculating cash flow on a prospect, since the rent revenue coming in is taxable, would I need to estimate with higher percentages for an expense than what is presumed? For example if I want to use 10% for vacancy, 10% for CAPEX, etc... should I actually use say 12% instead since 10% isn't accurate due to the revenue incoming is considered taxable? Thnx, Steve

thank you for your advice. I will continue to research local insurers in various markets

Hello BP family. I have 2 questions and need advice please:

1. What kind of policy and how much insurance coverage is needed for a rental property?

2. When investing in out of state properties, is it better to use an insurance agent from that area or can I use an agent that I use in my state of residence?

thank you-

Hey Anson,

I am looking into investing in the Front Range Market this year. Although I currently live out of state, I am from Denver and am planning on moving back in the next few years. I do visit periodically and if I'm in town during one of your meet ups, I'll come by to discuss and socialize. Good to know you are there.

Great! I'll continue my efforts focusing on HML.

thanks again,

Sherman,

Thanks for the advice. I am a newbie to investing, but not a newbie to loans. I've had a mortgage and multiple equity loans so I am somewhat familiar about points and fees. Your advice is great. Income, credit and down payment isn't an issue. Just determining the right course of action. 

Steve 

Hello BP Family,

What rates are usually offered when obtaining a loan from hard money lenders or from personal relationships compared to rates from traditional institutions?

Thank you.....

hey guys: @Bernard Reisz @Jared Bouzek @Charles Roberts @Ozzy Sirimsi 

@Nathan Poole @Chris Lopez.

Thanks for your input and support. I'm doing a lot of research currently. AND became a Pro Member today. I'll continue to reach out and contact you guys with questions. Definitely looking forward to building relationships benefitting all of us.

Thanks again,

Steve

Hello BP. 

I am a "newbie" and have been a fan and listening to as many podcasts as possible. I will have funding available within the next 6 months (approx $150K) that I want to invest. I am looking to buy and hold SFH in the outskirts of the Denver metro area. I am from Englewood/Greenwood Village (college n Greeley), but have been living on The Big Island in Hi for the past 20+ years. I believe the rental market is more profitable in Colo than where I currently reside. Having this funding available, my question is: Should I invest in several properties taking out multiple loans, or just purchase 1 property with a larger down payment to reduce monthly loan payments? Then refinance that to purchase another? My goal is to buy a property each year for the next 4 years (at that point I am looking at moving back to Colo), then possibly purchasing multi-family units during the following 10 years. I am currently 47 and would like to have passive cash flow to be able to retire in the next 10 years. I am looking to meet other members and network for advice as well as meet new faces. Your advice?