All Forum Posts by: CJ Estel

Their underwriting seemed to have issues with land contracts, and that is where the title company really pooched it as well. If it's a traditional purchase with money down, or a refi where all they need to do is update a couple of standard docs at the recorders office, I suppose they may do alright. If you decide to go forward with them, please let me know how your experience turns out. I won't ever give them further consideration, but I may tone down how vocal I am about my experience to others. For me it just seemed like an issue at every step. I hope that isn't the case for anyone else.

I personally own 142 units composed of 19 properties. I have done multiple portfolio loans, single family loans, commercial loans, rate and term refi's, cash out refi's, etc. This was hands down my worst experience ever with a lender and title company. I also am a partner in a real estate brokerage and work with clients and investors regularly to help them secure loans on their investment properties.

I will admit that this loan was more complex than most people have. I had a property that I needed to refi out from a private lender that was a lower dollar investment. To meet their loan minimum I agreed to bring in more properties and do a portfolio loan. They rejected the second property I wanted to refinance because it was "too rural" as a 10 minute drive to a city with about 50k people in it. After the rejection of the other property I wanted to use, I proposed another property and they agreed to the two properties and terms. They then changed those terms 3 days before closing based on data they had had for over a month. I went from walking away with about 8k to bringing almost 13k due to the modification. I had to go forward as they had already extending things a few times and the private lender I was paying off for the one loan was funding a new loan with those funds on the following monday. Both of the properties were in land contracts as well which required some extra work on the title side to be done correctly that wasn't.

My $0.02 is to stay away from these guys.

I believe they are a legit company and loans is what they do, they are just terrible at it and not honest people. They told me I had to use their title company which I found out later is illegal. Their underwriting took far longer than it should, and the title company they made me use was the worst I have ever seen. Even now, they finally have the title in my name, but it doesn't look like it includes any satisfaction of lien. I couldn't even get that accomplished until I started giving negative reviews and public information about my case and threatening regulatory action. I'm currently having my local title agency review everything as they never received any signature from my lender (who was the prior owner) for the deed transfer or release of lien. 

I used them. Terrible experience. They made me use their recommended title company which I'm pretty sure is illegal. They required an extension on 3 different occasions because of holdups on their end. They attempted to require a 4th, and when I refused and told them they needed to make it happen, they came back with a change in the approved LTV and required me to bring approximately 13k to the table instead of walking away with thousands. They blamed this on an appraisal of which they had in their hands for nearly a month prior to that decision. Now, 6 months later, I still don't have title to my property. Their closing team has been utterly useless to work with and the title company they selected isn't any better.

Who likes to save money & legally pay less in taxes?!! Yes! In these challenging times, strategy is important. Join us THIS Wednesday November 18th at 6pm for our next Profit With Real Estate Meetup. CJ Estel will be presenting this month on Cost Segregation. Learn what this powerful tool is in real estate and how it can help you reduce your current tax burden, and possibly even get taxes you paid over the last 5 years BACK from the government!The meet and greet will be from 6 to 6:30 and the presentation from 6:30 to ~8 with Q&A at the Geneva Hills Bingo Hall behind Mr. Froggy's Car Wash on East Main St in Lancaster 1540 E Main St unit B, Lancaster, OH 43130Feel free to bring your own drinks/snacks. We have plenty of space to maintain physical distance and STILL get business done. Last month, we had properties offered off-market and private money lending info exchange to get deals done.

Profit with Real Estate is excited to Welcome real estate investor, Chad Harris founder of True Wealth Investors for our first networking and education event of the year! If you are ready to learn CREATIVE ways to expand your business into 2020, you’re going to love this session. Chad carries a full portfolio of 50 units and has an innovative perspective on this topic as he moved his family home from overseas and grew his business exponentially to support the causes that he believes in. He is passionate about creative finances so be ready with your questions and notebook because this is going to be a highly engaging evening.

For more info, you may contact Running Creek Co Limited at 740-277-1485 or email [email protected]

Profit with Real Estate is excited to Welcome co-founder of PWRE, Kurt Phillips for our elite vision-casting meeting of the year. If you are ready to accelerate your business into 2020, you’ve gotta be ready!

If you set goals regularly, you'll want to come to hear a unique perspective on goal-setting that will challenge how you layout your next year. If you've never consistently set goals, this is the BEST MEETING OF THE YEAR! And everyone is welcome. This meeting is for real estate investors, realtors, contractors, landlords, flippers, and all who are interested in the topic of real estate. Most importantly, this is a place where business gets done - so bring your business cards and connect with those are making PROFITS in Real Estate in Fairfield County and beyond.

We want you to craft your best, most profitable year EVER! So grab your notebook, business cards, and be ready to open up your business to expansion like never before.

This FREE informative and interactive session is located at Pizza Cottage 2223 W. FAIR AVENUE, LANCASTER, OHIO 43130 December 18th 2019 at 6 pm. Order your own pizza and the session officially starts at 6:30 pm.

Profit with Real Estate is proudly sponsored by Running Creek Co Limited, a real estate financial education company. For more info, you may contact Running Creek at 740-277-1485 or email [email protected]

Are you ready for a vacation? How about building income from enjoying vacation spots you know and love? Come join Larry and Laura Watson for an engaging and informal chat about the incredible opportunities (and fun!) with vacation rentals. They run vacation rents in TN at Mountain Time Cabin and are excited to share what they've learned on October 16th at 6 pm at Pizza Cottage 2223 West Fair Ave, Lancaster, Ohio. Grab your own pizza and your notebook because this is a power couple you can't miss! Contact Running Creek Co for more info 740.277.1485 about this FREE event.

August 21st, 2019 We are happy to welcome Tyler Bossetti from NFM Lending Ohio to the Profit With Real Estate meeting in Lancaster. Tyler is part of the NFM Mortgage Team here in Central Ohio and is approaching 5 years + 1500 families assisted! He brings a wealth of knowledge and insight into the mortgage and lending process as well as the quickly progressing field of credit. Tyler will be teaching an interactive and jam-packed session for FREE on Wednesday August 21st. Grab your own pizza at 6:00 pm at Pizza Cottage 2223 West Fair Ave, Lancaster Ohio 43130 and don't forget your notebook. You don't want to miss this!

I'm really excited for this session. I've been reading about some of the differences between replacement costs vs cash costs and how you could potentially save a lot of money if you understand the risks, especially as your portfolio grows.

I'm also curious to understand the impacts of claims on a property and if that can spiral into larger costs across a portfolio of multiple homes.