All Forum Posts by: John Wilson

Thanks everyone for all the insight and helpful tips and strategies, I greatly appreciate it.  I look forward in the near future when the right deal becomes available , to reach out and connect .  Thanks again

Thank you, I will view forums 

i’ve inquired About a few properties on Florida’s gulf coast. Not directly on the beach ,but a little inland .  Does anyone have experience with vacation rentals that can shed some light on, turnover, and management fees associated with short-term rental. Basically the good and the bad.  Thank you

I’ve inquired about a few properties off of Florida’s gulf coast, not right on the beach but a little inland.   I’m just trying to gauge what are peoples thoughts and experience with vacation rentals? whether it be a commercial multi family, quadruplex or duplex ECT?   

That’s what there saying. 30 year fixed at 5 % interest .

Thank you for the information! Definitely sets my mind more at ease , I was a little nervous not physically meeting the broker face-to-face ,due to the fact he’s in Boston and I’m in Ohio.   Thanks again for your insight

Has anyone ever used velocity? I contacted them for funding on commercial multi family Propertys. They informed me they do not deal directly with investors,and that they only deal directly with brokers. From that point, they put me in contact with the broker, and he’s telling me he can get the funding for me. The only criteria that they need is ,for me to have at least 680 FICO , which I have, 25% down, closing cost, six months reserves,  For 30 year fixed ,at 5% interest.  He’s saying no business tax returns , and his fee is 1% on the loan amount ,not the Total purchase price.   

 thank you for your Insight Ryan!   It's been a great help for sure.  What is your thoughts on Fix and Flip properties to gain more access to Capital for buy and hold? Have you had any experiences with Lucas County sheriff auction deals? If so, what are some of the pitfalls and things one should watch out for?

I've definitely been considering Fix and Flip as another option to gain access to more capital.  Roughly ,what has your time frame been after the Fix and Flip to get a property under contract and sold?

I see you're a member of Reia, I am also, I became a member last year. I think we might have even met ,I'm not sure. I have atended both meetup groups , the one on West Sylvania by the library the first Tuesday of the month , and the one across from Toledo Clinic on Secor