All Forum Posts by: Jeremiah Rowe

 Definitely a more outside-the-box approach, Jim! I appreciate the feedback on that!

Look up Kevin Reno on Facebook. He invests solely in Butler, primarily tax sale properties. He will have some good input for you on that.

I've got you. That makes sense given the situation. What do you think the rehab cost would be on it to get it up to rental spec? Obviously the evection will be a pain, but if you could get that started do you think that you could get a private loan to buy out the rest of the SF and rehab, then refinance into a conventional? 

You're clearly more seasoned than I am, so feel free to let me know if I'm being naive. 

 Kay,

I'm curious about how you don't own it outright under a SF sale? Did you not take title at closing? Even with a traditional mortgage you still own the property outright while making payments. So why is it different in this situation? Just for my own curiosity more than anything.

Hi Trent!

Subject-To is a FANTASTIC purchase option, given the right scenario. The first thing you'd want to look at is the interest rate on the 16k owed. If it's 5% or less then this would likely be a great option for you. I'd be more than happy to tell you a bit more about how subject to works if you'd like, and I'll send you a connection to follow up on this.

If you have some cash reserves that you could access, a hard money loan could be a great option for you too. This will allow you to get funding for most, if not all, of the purchase and rehab cost, and allow you to make interest-only payments for the duration of your turnover. Then, on the back end, you can sell the property or refinance out of it to pay off your lender and put conventional financing on it for the new debt paydown. That way you walk away with some pocket money and can enjoy your rental cashflow. 

Aside from all of this, my team and I would be happy to take a look at the property and give you a cash offer on it if you'd rather not be troubled with any rehabbing or dealing with tenants. Given that you're on BP I assume this isn't the case, but I figured I'd put that option on the table as well😉

Best of luck and please feel free to reach out to me if you have questions about any of this!

Hi Laura!

I know it's not particularly close to Altoona, but where we do business in Pittsburgh we use Broker's Settlement Services. I've also heard great things about PV Settlement. I hope this is at least moderately helpful!

I agree with @Chris Seveney, 

We use Broker's Settlement Services here in Pittsburgh and they have an online calculator that will give you a fairly accurate quote on it. That's how we get estimates for our investors. 

Here's their website if you'd like to take a look! https://bsstitle.com/

I'm curious to hear about the unconventional methods you guys and girls are using to meet other investors. Everybody goes to Facebook groups, BP forums, LinkedIn, meet-ups, etc to meet people. But what outside-the-box approach have you employed to connect with more industry pros?

 I like where Connor went with this in terms of NETWORKING. That's honestly the key in this industry is meeting people, making friends, and building relationships. Find every meet-up that you can and talk to as many people as you can. Not only are you going to build a wealth of knowledge about the industry from seeing what other people are doing (good AND bad), but you're also opening yourself up to more opportunities for employment or JVing with other investors. I host a weekly meetup that's very low-key. It could be a great place to start. Feel free to reach out to me and I can get you involved!

Best of luck, my friend!

Hi Alex! 

While not necessary, if your goal is to expand and grow a substantial portfolio I personally WOULD do so in an llc. It's just an added layer of protection in case something goes wrong with a tenant. And it's fairly inexpensive in PA; my last one that I filed for was I think $200. 

Best of luck! Do you have a specific property in mind?