All Forum Posts by: Brian Crowe

Jason puts on a great meet up in Culver City. Numbers were up over 60 investors prior to 2020 shutdowns. Looking forward to this starting back up!

I have a friend from Brazil that is starting to BRRRR in US. He has owned a large construction company in Brazil. He has not been in the US over a year yet. Anyone know lenders that will work with an international buyer or does anyone know what steps he needs to take to get established in the US to obtain rehab loans and refi loans in US? He has good finances, and newly established US credit.

If you know how to buy and rehab correctly, then turn-key is more expensive. Your equity would go into the pocket of who ever made the property turn-key. Example: you buy an old house for 100K, rehab 25K, ARV 150K. You now own a turn-key property you are into for 125K and it's worth 150K. OR buy similar house "turn-key for 150K. Sure, no work for you, but if you are a working investor, your job is to capture that $25K equity by using your knowledge and work. Now, if you work full time with nice income, for example a dentist or engineer and don't know much about buying correctly or rehabbing...buying the turn-key property will be much cheaper for you in the long run.

@Barbara Gautreau Hi Barbara. I'm an active investor in Ocala and have a team there. I can point you in the right direction.

@Levi Lane looking around to build BRRRR rentals in Columbia. Sent you a request.

@Michael Haynes  Thank you for your valuable time and information.  Wish me luck.

@Michael Haynes  Wow, thanks for the input.  Thing that is crazy is I know I sound like a newbie.  I live in CA now (don't invest out here), but I'm from Tampa and I've owned, flipped etc. hundreds of units in Tampa and all throughout FL. I even owned a property management company at one time. I've been doing this 12 years.  Can't believe this has never happened and never came up. I have to give a LOL just from typing this out. Ok, so I closed with a big, national hard money lender and did full title search with a very reputable company in Tampa I've done 100s of transactions with.  These water liens are ONLY from when I've owned the properties.  I have leases that tenants pay all utilities including water, that rolled over to me when we purchased. Yes, I called City of Tampa BEFORE I closed on them and made sure all utilities where in tenants names and not prior owner.  I always buy buildings that have separate water meters so I don't have to pay people's water if they wash cars for the neighborhood out front or take 5 hr showers etc. Someone posted on this thread that I should have checked every month if the bills were being paid. HA! We're a decent sized company and don't play parent to each tenant if they are paying their bills or not.  City would not have told me anyway as I was not the account holder! I had property management in place anyway.  Give me a break. If Tampa let these tenants call in, set up an account with their SS#, put down a deposit WHY would they not just cut off their water if they don't pay it!!  At least they should send a note to the ownership that the water is behind after 60 days.  Tampa just let it go for 7 months without saying anything, then Bam, stick me with tenants' water bills at the end.  Dumbest thing I've ever heard.  I'll take it as a $6000 lesson, but if you are hinting that it's someone not doing their job etc, and playing to the side of the "oh, poor tenants" I'm coming in hot. Thank you for the informative information.  

Hi @Nettles Mason  Looking for tax delinquent absentee owners for Spartanburg and Greenville Counties.  Also looking for multi family data 5-30 units in same counties.  - Best.

Hi Erin, 

Same, no luck.  I tried calling the number on website.  It's a google number and no answer.  I'm staying away. Let me know if you find data for South Carolina.

@Ed Tamayo  

Got it now.  Thank you Ed!