All Forum Posts by: Bradley Theiss

Hey BP Community!

Does anyone have any recommendations on great local lenders?  We are looking for a lender that will do a portfolio loan or line of credit across all of our assets, so we probably need to go local and creative!

Any suggestions would be much appreciated!

-Brad

I need some advice!

Myself along with my Father and Brother are just getting into real estate investing.  We have decided to start with some flips until we build up enough capital to begin some buy and hold and long range rentals.

Here's the question:

Columbus, OH area.

This will be our first flip - we have experience in contracting, and estimating.

We are able to purchase and rehab a home with all cash IF we stay under $100,000 all in.  For this reason we originally were looking at some of the "up and coming" areas in the Columbus.  However, the more I read, the more people suggest that these can be much riskier and have lower rates of return than working with properties out in the suburbs (obviously higher investment required).  

Through a home equity loan, we could tap into significantly more cash if needed - so we are trying to figure out it if it is better to go with a more expensive property out in the burbs to flip, or a lower income / up and coming area with cash in hand - for our first flip?

Any sage advice would be welcomed!

-Brad

Hello BP Community!

We sound like the start of a bad joke:  A retired attorney, and two Property Insurance guys walk into a bar... 

My Father, Brother, and I are looking to leverage our available capital to get our start in investing.  We have done a tremendous amount of research to date, but are hoping to find some folks who are already succeeding to lend us some wisdom in exchange for shameless food based bribery.

We have a solid background in property rehab and estimating and one of us knows a little about the law, but we could really use some advice from those of you who were actually able to stop researching - and start investing.

Are there any investor-friendly agents or investing pro's out there who would be willing to set up some time to chat?   We are banking on the fact that the key to an investor's heart is through his or her stomach!

-Brad