All Forum Posts by: Bill Kenny

Hi @Andrew Rickli, Let chat sometime soon. I would like to find the best solution to re finance my properties I have purchased with private money, maybe you could help..

Hi @Dakoda Spencer I grew up in Westernport and have friends from Keyser. I have property in Frostburg MD and Martinsburg WV. Let me know if I can help.

Welcome to BP, sounds like you have a head start on the most new investors..

Soaking up the podcast is a great start.

Feel free to reach out if I can be of any assistance. 

I would not buy anything that doesn't cash flow.. Its the #1 Rule. Your lease should have and automatic rent increase by a certain % so do have to go through the motions every year. You can discuss it when you sign the lease then bring it up when the lease go month to month and or auto renews.  

Congrats! I came to be a Realtor working mostly with investors via real estate investing and its been a great journey. Let me know if I can be of any help. Good luck and now get back to you lead gen!! ;)

Here is an even more simple list of questions..

1) What kind of cap rates should I expect in your market?

2) How many rentals do you own?

If they don't understand cap rates and how to use the factors that drive cap rates to determine value they may just be shooting from the hip. Must agents look like a deer in the headlights when you tell them you want your rents between the 1% and 2% rule. I've had to educate a lot of the more experienced realtors in the investor side of the business. Largely because they only dabble with investors. They ask what you would pay for it.. I tell them.. they think I'm crazy, then I show them the #'s and how to back out a sales price from a rent estimate. 

You will really never get to understand the human side of the business if you have never owned a rental when working with newer investors who are looking for buy and holds. Fix and Flips are #'s and locations, and its very important to understand you market and geographical area.  Rentals are whole different animal. see the following quote.... 

"Many novice real estate investors soon quit the profession and invest in a well-diversified portfolio of bonds. That's because, when you invest in real estate, you often see a side of humanity that stocks, bonds, mutual funds, and saving money shelter you from."

- Robert Kiyosaki

I would give two thumbs up for @Hank Parater, I've seen his work at the Walkersville MD home... Top notch! ....but if he is busy I do know another person that may be of service. Send me a PM if in need.

Paulo

You have the experience and intangibles to be successful in this business just like you are in your current business.  I am looking forward to working with you. You've just gotta find the right deal and you'll be headed down that path..

Hi Alexander. We have the Hub city REIA in Hagerstown. This month meeting was tonight. There will be several well known investors speaking at upcoming meetings. You may want to look into it. Several members are from the Frederick area. Best of luck!

As one of the buggerpockets book authors Said... Get up and go to home depot or lowes contractor counters at 6am to find the very best.