Hey Ian, it is always best to use those reserves to protect yourself from any future problems.

Ryan I think you would relate to this areas better .. like Portland Ave and Pine st these are not really good but if you looking to pick up a buy and hold with less money this is where to pick them up .So Ian trying to see how I can even get correspondence with the owners or title holders .. any ideas would help .

I an not a new investor...been doing this since 2002. 

Ian Berg is an honest Realtor and can add a tremendous amount of value through the process of buying or selling in Central Oregon (Bend, Redmond, Sunriver)

-Ian

Never did do a deal first 6 months but gave their real estate buddy j6 ot 7 referrals that turned into listings.. so not sure about them but i an NOT a non profit orginzation when i am doing real estate deals..

@Ian Ippolito thank you so much for taking the time to provIde this thorough response.

accredited usually means  200k a year income for last 3 years and a net worth of 1mil excluding personal residence@Ian Ippolito  Ian is that about right.if one is going out of statethe biggest boo boo's i see folks make is chasing yield IE willing to risk tougher tenant type and area type risks just to make a few % return more.where i see folks pretty happy and that means you dont hear from them is when they buy at the top third of the market IE in rent rates so if a market has rents starting at 600 and rents at 1000 to 1200 the 600 dollar renter your taking a bigger risk on .. and generally speaking teh 1000 dollar and up renter will be far more consistent and kinder to your property.Plus you need that about of gross income to pay for your cap ex.. so look at it this way.. you have kitchen baths roof etc. all the same they all cost the same basically.. but one you have 1000 a month coming in and the other you have 600.. you simply have an issue of not enough gross revenue to produce the reserves you will need... not to mention the wear in tear in the different tenant class's  at least as it relates to OOS and you having to pay for all parts IE management repairs placement etc etc.

Ian MacIntyre

Hi Kevin,I'm an out of state investor looking to move into Columbus multifamily, preferably value add pays.... so I would definitely be interested.Thanks- Ian