All Forum Posts by: Account Closed

@Alexander Felice

@Bryce Allen

Thank you both for your responses

Best,

Interesting thread-love the interaction.

I too have thought about commercial loans in order to put my properties in an LLC. In doing some research I have found out that you can put the property in an LLC afterwards.

Anywho a few questions have come up in reading through this thread:

@Alexander Felice Why do you not recommend transferring the deed afterwards?

@Bryce Allen If you would be so kind as to share what rate and terms of the 4 properties you've refinanced that would be helpful. Thanks in advance.

Best,

@Isaac Smith

agree with @Jeremy Trad I was in Milwaukee back in April of this year- great people who are willing to help, answer questions and most of all want to see you succeed. 

Also stay connected here on BP!

Best,

There is always 2 sides of the story... would like to hear @Sean Tarpenning side of the story. Not trying to instigate- just trying to learn.

Best,

@Brent Coombs

Asking was $60K and no I did not up my offer. Thanks 

@Brent Coombs

Yes I do have a team on the ground. The rehab estimate came from the property management Who also happens to be the realtor I'm working with. The ARV comes from the fact that too similar properties so this year on the same block at over $100K ( I am trying to be conservative as you can see)

The part that frustrates me is this realtor who also  works with other investors tells me that my offer price is too low And that other investors are willing to pay full price.  And other investors are willing to pay full price, but that they will submit my offer. 

It makes me feel like I am wasting my time and more importantly their time it makes me feel like I am wasting my time and more importantly their time. This is not the first time so it makes me think that deals like this so that I can this is not the first time so it makes me think that deals like this so that I can BRRRR can a longer be found...

So BP- I've been looking for 2-4 unit properties in the Midwest (specifically Milwaukee-and now also taking a look in Dayton, Ohio) that I can BRRRR using my HELOC to purchase in cash. Please help me if I'm missing something here- the only way I have figured out how to use my HELOC and pay it off and use it again is to BRRRR? Is there another way I don't know about?

Also can I find these deals in these markets? For example ARV would be $90K-purchase price would be 70% of that minus rehab cost. In this case $15K. So purchase price would be $48K.

Thanks in advance BP!

Best,

@Account Closed

Thank you for reaching out. I’ll be in touch soon. 

Best,

@Paul Amegatcher

Thank you. I've sent her a colleague request. I will definitely reach out to you soon.

All the best to you...

Hello BP. Looking for recommendations for the following in the Dayton Ohio area: Real Estate Agents/REALTORS that work with OOS investors. Property Managers- that have the capability to use technology to get reports to me. I’m all ears. TIA...