All Forum Posts by: Lindsay McLaughlin

@Mario Furmanczyk

Hey mario - I read through the thread...my two cents would be if you really have to talk yourself into it and justify it, then it really might not be a deal. I get eager too sometimes and just want to jump in, but there are PLENTY of deals out there and plenty of properties that will offer you nice cash flow if you chose to go the rental route. I also read where you were questioning investing out of state. I'm in Ohio, and I deal with a number of investors from California, New York and other states as well. The midwest definitely offers a nice ROI and low prices on properties, comparatively. Reach out at meet ups or REIA's out your way and connect with other investors investing out of state...you may be surprised! Best of luck!

Thanks for sharing!  I'm also in Ohio...

Class C - low income areas...I certainly have rentals (SFR) in these type of areas. I can get a high ROI and good tenants...everyone needs a place to live and I can help provide a nice home in these areas. I don't do war zones, but low income - I have certainly found very grateful and nice people as tenants who take great pride in their home.

Hi - yea conventional funding can certainly be frustrating and time consuming. If you are looking to buy multiple SFR's as investment properties, I would recommend a line of credit, private lenders that you utilize funds for a year, then get a refi through a conventional lender on appraised value, or buying utilizing owner financing on rental properties. Good luck!

Lindsay McLaughlin

Hello!  I've only been active in notes for about a year, and they are so powerful and amazing!  I know one of my colleagues has a meet up south of San Francisco and her focus is on note investing.  She has been active in this realm for a number of years.  I'm in the mid west and we do have a number of first position notes in this part of the world for the price range you are interested in.  I would love talking to you more and see if I can be of any help to you.  Happy Note Investing!

Lindsay

Welcome @Dave Visaya!  I've only been active on here a couple weeks, and I don't know why it took me so long to get involved on this site!  It has so much to offer, great people on here and a ton to learn from!  I hope you enjoy your experience on here as much as I am!!

These homes offer a 16.6% one year COC return (including a 10% property management fee)- they are cash flowing, turn key rentals. They are in great shape, with 2 having long term HUD voucher tenants in place. The third recently was placed with a new and great tenant who is now a RN. Tenants pay all utilities! Taxes are considerably low for Ohio, and rents on one of these can be increased when the HUD renewal comes around.

Dayton, OH is a high rental area and these properties are in great shape with newer roofs, VERY dry clean basements, and laundry hookups in the basement as well.  

Purchase price for this package of 3: $125,000 - may be able to offer some financing on this deal, but would prefer a cash sale.  

I do have other turn key rentals available with financing offered from Cincinnati north to Dayton.

Thanks everyone...yes I agree with this....although some days it's tough when you go from one meeting with an investor to discuss private lending or partnering, to looking at a very rough house in a rough part of town lol.  I'll definitely take all this into account though and bring a change of clothes if it would best fit the sellers perspective!!  Thank you!

I have been a full time investor now for over a year and a half.  I've done a number of different kind of deals.  One thing I have not been able to figure out is what is appropriate and gives the best impression to a seller when going into a home?  I'm talking about off market, seller owned homes and when I go to view their homes for the first time to get them under contract.  I've gone in regular clothes - jeans and nice shirt, gone in work clothes, and lately I've been going in nice clothes (business casual - wedges, and dress or pencil skirt).  I feel they all portray a different image and I just want to make a good first impression and appear professional and that I know what I'm doing.  Any suggestions or opinions would be greatly appreciated! It's so much easier for a guy in this dress code arena! :)

@Marc Woodward That's so great!  Always good to see a happy ending to a tough situation!!  Congrats!