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All Forum Posts by: Brian Crowe

Brian Crowe has started 5 posts and replied 21 times.

Post: List source alternative for South Carolina

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

@Ed Tamayo

Trying to find tax data for South Carolina.  You mentioned 

investum-data (dot) com

Not sure I have the site correct.  Do you know if this site is still working? 

Thank you,


Post: Tenants didn't pay their utilities, now properties liened.

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

@Mario Am - Wow, got it. How have I never heard of lienable and non lienable accts?  I should have answers back shortly from City.  I don't think it's going to be the outcome I'm after.  Now I'll know to always ask about the account types. Thank you.

Post: Tenants didn't pay their utilities, now properties liened.

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

I recently purchased 5 duplexes in Tampa, FL. All leases state clearly tenants pay all their own utilities. (these leases where in place when we purchased) Seller confirmed tenants pay all their own utilities. All separate electric and water meters. We called City utilities and verified water accounts in tenants' names. Never put any accounts in my company name. Never received ANY correspondence from City utilities about non-payment. Investment plan was to whole-tail properties. We purchased off market, light clean up of units, addressed tenants immediate issues, had our management get things organized, remove bad tenant etc. We went to sell and the City put over $6000 in outstanding water bills for 6 of the 10 units as upcoming liens on the properties and now showing on HUD as expense to Seller(now us). Anyone dealt with this? Remember: we have written leases signed, stating tenants pay all utilities. We never adjusted their accounts etc. We never received any notices of non payment of water. City never turned off any water. This was all over 6 months in Tampa, FL. How can the City just lien my properties because tenants don't pay their water bills? It'd be like Ford liening my property because tenants didn't pay their car payment...?? We're in process of ordering docs from City of Tampa providing the information and history of these accounts to show that the tenants opened the accounts and didn't pay water. The $6000+ being held back in escrow until resolved. Can we be responsible for these amounts? Oh, and we purchased through lender and received clear title and insurance policy upon purchase. There was no outstanding water bills at our purchase.

Post: Sprout Financial unsecured loan funding review

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

Wanted to check back on this thread to see if anyone has used Sprout. I appreciate the advice from everyone, but please only looking for people that have used or currently using Sprout. They seem to be showing up to many REI Club Meetings in major cities. Thank you!

Post: Sales Team Live

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

I'm looking for any updated reviews of this company.  I see some posts from 2010, but we all know its a new market now.  Anyone using them in 2015?  Are they relevant? Their informational video on the website sounds dated.  It talks about a slow, depressed market...and they're from CA.  It's an old video.  Anyone using them?

Best Regards,

Post: sales team live

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

Hi Marquis,

Did you ever get feedback on Sales Team Live in todays market.  I see most reviews for them are from 2010.  They current video material is dated.  It states we're in a very slow, depressed market.  I'm on the fence about using companies with old techniques.

Best,

Post: 5-plex / 6-plex financing? Rates? Availability?

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

From my experience and knowledge, a property is based upon the APN # or Tax ID from local public records.  This is the designated ID number the municipality uses for property taxes.  If there are two buildings on one plotted lot with one tax ID, it should all be considered one property, ie. 6 units.  I've owned this scenario.  Also have had 6 duplexes on one lot with 1 tax ID.  This is considered a 12 unit, garden style apartment. Base your research on public record designations rather than actual mailing addresses. Also keep in mind if you buy a single duplex, unless it is owner occupied, meaning you will be living in one side, it will be hard to find rates as low as a personal residence. Its considered an investment property and those rates run higher. Always check with your banker for better info. for you, your area and the property.

Post: Lending - Any one used Dominion Financial for lending?

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

Hello All,

Reaching out for any insight into this company, Dominion Financial.  Based in Maryland and lend on the East Coast.  They are wanting all my financials, SSN etc for the application. I expect this, but was not referred and was approached by them.  Just doing my homework.

Thank you for any insight.

Post: Where to find duplexes?

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

Hi Ricky,

I'd look to a local RE agent in Austin and have them set up a MLS search for you for distressed/reo/vacant duplexes as you'll have more luck than Zillow. The duplexes are there, but usually more in low income areas, but there are nicer duplexes all over as well. Just depends on what you're after. Maybe reach out/search for Austin wholesalers and start getting on their buyer list as well. I focus on mainly multi family in FL so I'm sure there are other investors in these areas that focus on these type properties. Best of luck!

Post: 5-plex / 6-plex financing? Rates? Availability?

Brian CrowePosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 22
  • Votes 12

Hi Kevin,

I buy, rehab, flip and/or hold 5-10 unit properties in FL. I'm finding commercial lending to be easy at this time. I'm looking at 5-6.5% fixed 20 yr. 80%LTV. I'm working with BB&T, but don't think they are located in CO. I'd reach out to your local banks. I'm even finding my bank will waive any seasoning. I buy private cash, rehab then refi into 6% loan at 80% and go to next property. Best of luck.