All Forum Posts by: Titus Capilnean

@Bryant T. we recently bought a cashflow SFR <$150k in South Linden. We have a Section 8 tenant, so it's been a bit of a fun ride. Also property management wasn't super easy to find, given the area's reputation. But we found one and it's all going well now.

1 Vote

Columbus, Ohio

@Virginia Marphis I added you as a connection so I can PM, thanks for offering to help

1 Vote

Reno, Nevada

@Michael S. Helton thanks for the advice, I'm mainly looking for LLC formation and then transfer of title from individual to LLC, tenant contract legal review. The basics.

0 Votes

Reno, Nevada

Originally posted by @Zeke Liston:

Congratulations on the deal @Titus Capilnean!

Thanks Zeke!

1 Vote

Columbus, Ohio

Originally posted by @Ian Tvardovskaya:

Titus, if your house is vacant, make sure its secure. I own several in 43211 and manage others as well. You will get a good return and the city is poring money into this neighborhood, but its rougher.

Try Hanover Insurance, they insure mine.

Hey Ian, we ended up going with Geico. The property we got is occupied. I sent you a connection request, let's chat about potentially working together, if that makes sense for you. We're looking for property management

1 Vote

Columbus, Ohio

I'm a relatively new investor, so I'm looking to build a team of trusted partners in Reno, NV. First piece of my puzzle is the legal counsel. Does anyone have any recommendations for real-estate lawyers in Reno, NV? Bonus points if they can recommend an agent, contractors, property management and financing. Looking to close either end of Q1 or early Q2 this year. Please only recommend people you have personally done business with!

2 Votes

Reno, Nevada

Quick update, found a good one in South Linden, over 10% cash on cash, in the final stages of closing. Do you guys have a good insurance company you recommend? We tried working with Progressive and it wasn't a great experience.

1 Vote

Columbus, Ohio

Originally posted by @Avtandil G.:

@Titus Capilnean - hey, welcome to Columbus forum. not sure if you're local or out of state - if you're local, things are going to be much easier for you. I started investing in Columbus exactly 1 year ago and am from sf bay area. and can attest that over that time the market has gotten more competitive. heavier concentration of action around childern's hospital, olde towne, southern orchards, but other areas also got more competitive.

if you're not local, i highly advise you to invest in building local relations. one heads up - property management in Columbus (i'm generalizing here) is a crap-shoot compared to CA where I have most investments - rates are higher, service is worse, etc. self-manage if you can, or spend enough time screening your future pm. personally, can't wait to get to 20 units in the area to build my own pm team.

Thanks for the advice, what do you mean rates are higher? How much more vs California? It's my first investment, so any bearings help

1 Vote

Columbus, Ohio

Originally posted by @Remington Lyman:

@Titus Capilnean It sounds like you have a solid plan. I would recommend skipping your initial goal and getting a multifamily property in Columbus, Ohio. That is what I did, and I have enjoyed a higher cash flow than I would have from a single-family property. Regardless, Columbus is a great city to start in.

That was our initial plan, but want to not over expose in this still uncertain market. Want to get my feet wet first, then go into the multi-family part. I can always sell the single one later and use that money towards a better cashflowing property. Crawl, walk, run

0 Votes

All Forum Posts by: Titus Capilnean

Titus Capilnean has started 3 posts and replied 14 times.

Post: First House Hack in Austin - Best General Areas?

Post: Area Check - Near South Linden (South of Hudson) - 43211

Post: Real Estate lawyer recommendation in Reno, NV

Post: Real Estate lawyer recommendation in Reno, NV

Post: New investor looking at Columbus, OH

Post: New investor looking at Columbus, OH

Post: Real Estate lawyer recommendation in Reno, NV

Post: New investor looking at Columbus, OH

Post: New investor looking at Columbus, OH

Post: New member from San Francisco