All Forum Posts by: Yoni Meth

Hey All,

I'm considering buying a SFH that was originally a duplex where the dividing wall was removed.

The house will need some renovation (paint, flooring, new bathroom, new dividing wall, and also another HVAC).

I checked the zoning and it's ok for multifamily (R3).

What else should I consider before making an offer? what should I check in addition to the regular stuff (inspection, contractor walkthrough, etc.)?

Are there any potential issues I should check in advance?

Thanks a lot!

I'm a US citizen but currently living in Israel, and I'm in the process of purchasing a property in Columbus Ohio.

My plan is to do some rehab and therefore I want to take a hard money loan which will cover 80% of the purchase price and 100% of the renovation.

While talking to the title company, they said there was no problem with me signing with a remote notary.

But, the problem is with the lender who requires a wet signutre, and has given me the following options:

1. Assign a power of attorney to sign in the US (the POA will be signed with a remote notary - and also that some lenders did not allow)

2.  Go to the US embassy and sign with a US notary. 

3. Fly to the US, and sign it in person with a mobile notary (wet signature)

Going to the embassy is not an option since getting an appointment over there can take months...

I had a thought which I spoke with fellow investors, to sign the documents with an Israeli notary and then get an Apostille stamp. once I have it all with a wet signature I'll mail the documents with DHL/UPS and it will arrive by the lender/title company in 10 days.

As far as I know, a notary signature with an apostille stamp is valid for every legal document almost all over the world...

What do you think? 

Did any of you manage to do something like that?

Any of the lenders here can qualify if it's possible?

Thanks a lot!

Hi all,

I’m looking for a recommended property management company for a multi family (4 units). Any recommendations for a company that you personally had?

Thanks a lot!

Hi :)

Is there any way to determine rent demand?

I'm looking to invest in a duplex with 1 bd, 1 ba in each unit in North Hilltop, and I'm wondering how much demand there is for such a small house in that area.

I tried searching using Rentometer but got results from only 4 samples...

What if I'm buying the property directly under my name, Is it considered to be a business? 
What does it mean that he's not doing commercials?

Hi,

I'm searching for a Handyman, and when I sent a message to a handyman saying I'm a real estate investor looking for a handyman he replied "I don't do commercial work... i.e. no 1099s".

Can anyone explain more about this file? Do I need to give this file to anyone doing me a job? or should he give it to me?

Hi Everyone :)

I'm taking my first steps in real estate investing and am currently in the process of making my final decision in which market to invest...

To the final run came Columbus OH, and Indianapolis IN, two cities with job and population growth and diversity.

I'm debating between those two and we'd like to hear your opinion :) which one of them can get me higher cash flow, and has multi-family houses in the range of 100K-150K, preferably closer to 100K-120K price - ARV can be higher...

Any other pros and cons that I need to know to decide between those two?

Thanks a lot!!!

Hello Everyone :)

My name is Yoni, and I'm currently living outside the US - in Israel :) so I'll need to do a lot of work remotely...

I have a background in investing in index funds, and also have one apartment in Israel (worth 400K~)

Housing prices in Israel are very high, and the COC is low... so I decided to go into the US market.

I'm looking to start my portfolio with my first multi-family focusing on BRRRR to create high cashflow in the future...

I'm in the process of searching for the right market for me (house pricing around 150~) and am undecided between the following cities:

- Memphis Tennessee.

- Nashville Tennessee.

- Cleveland Ohio.

- Columbus Ohio.

- Indianapolis Indiana.

- Milwaukee Wisconsin.

Any input about those cities will be highly appreciated...

Thank You!!