All Forum Posts by: Tobey Porter

@Aimee Sowards-Mounts I'm going to message you some questions if you don't mind.

Not sure if you have PNC in your area but we're going through the process with them right now and getting 89%.  A word of caution with them, the initially order a desk appraisal, i.e. they don't step foot in your house.  The issue we ran into with this is we have put almost $80k into our house adding sq. footage, bedroom, bathroom, etc, and that was not reflected on the desk appraisal (even though I tried to explain this to the banker knowing inevitably what it would lead to).  Had they done a full appraisal initially, we could've closed in 30 days. 

Although we don't own very many yet, my wife and I always keep our answers very vague.  The only time we really elaborate is if someone is seeking education/advice, etc.  If we can tell someone is honestly interested in potentially getting into investing, we will go into a little more detail so they can truly understand the benefits.

Otherwise, we keep it honestly vague...."we only have a couple".

@Aimee Sowards-Mounts  Thanks.  I'm still trying to get her on board with the multifamily.  She's not keen on dealing with other tenants but I'm trying to knock into her head the financial advantages!!! 

@Ben Clinger  Who is Erin Higgins?

Hi @Ben Clinger - do you have any good recommended reading material on this subject?  My sister lives in Columbus and I'm pushing her to buy a multiunit and take advantage of that.  She's never owned a home and recently finished her doctorate degree.  This sounds like it is right up her alley!!

Hey Columbus folks,

My wife and I just starting investing.  We bought our first 2 places just east of Columbus in Newark.  Anyone local who would want to just chat about the area, feel free to connect.

@Erica Muller Thanks for the info.  I messaged you a couple questions at your convenience.

@Monika Haebich Do you have any info on the Sarasota area?

Welcome @Foday Kenneh  I just started out as well.  My wife and I just bought 2 long-term rentals in Newark and are getting good returns on both.  Good luck!!

@Rob Dowsett Thanks Rob.  My biggest concern is the occupancy as well.  We're going to be overly picky to make sure we aren't losing $$$.

I have actually spoke with @Keith Courtney a few times regarding vacation rentals.  He has given me some good general ideas when it comes to these types of rentals. 

@Natalie Roderick Thanks Natalie.  We are currently working with a realtor from Keller Williams our lender hooked us up with.