All Forum Posts by: Marilyn M.

Hi Nicole,

I'm interested as well! My husband & I invest in Cleveland and Euclid and are very familiar with the POS process. I just sent you a DM. Sorry you've had trouble with your properties. Please let me know if we can help!

All the best,

Marilyn

@Lance Trezona The BP support desk answered my question with lightning speed! Here's what they said: 

"Sadly, BiggerPockets has decided to currently remove the app while we focus on making the website a better experience for our members. We hope to have it up and running again in the future, but we do not have an ETA for the release at this time. We are sorry for any difficulty this has caused you. See you on the site!"

@Lance Trezona Thx for your quick response! I just sent a message to the BP support desk. I'll keep you posted!

@Lance Trezona any luck with the BiggerPockets app? I also tried to install it today and couldn't find it in the app store. When I click the link above I receive this message: "The item you’ve requested is not currently available in the U.S. store."

@Eric Goldman Definitely! Grateful for @Michael P.'s advice and to be connected! :) 

@Michael P. Thanks Michael!! I appreciate your quick response!! I will add that site to my real estate analysis spreadsheet.

@Michael P. Thx for your input, Michael! That is really helpful to see the population numbers over time like that. Which site did you use to generate that data? Census.gov? I entered the address into an Opportunity Zone map and it looks to be 1 block away from a pretty big Opp Zone. I have a lot to learn still about Opp Zones, but hopefully all the economic development dollars will have some beneficial effect on the neighborhood and property values! 

@Moises Guzman Toledo isn't my market, but I was searching FSBO on Zillow and this caught my eye: 2 houses for $55K, 1 house is rehabbed and ready to rent/the other is not: $55K 2 for 1 special It looks like it's close to the Maumee River. I did a quick Google search and found a $200 million project called Glass City Riverwalk "Glass City Riverwalk is expected to become one of the region’s most popular destinations, with year-round outdoor recreation opportunities, including adventure play areas and an ice skating ribbon." 

@Durrel Douglas 12K?! WoW! Good luck with the rehab!!

Thanks for the information, Jerry! This is really helpful to know. I will certainly be in touch if I have any more questions.

Hello BP family,

My husband & I have a few rental properties we own outright and are looking to pull out our equity in order to buy more investment properties. Currently, the houses are in our personal names and we will be transferring them into LLC's soon. We are having trouble finding a bank that will lend to us though since they are investment properties and wanted to reach out to the community here for advice. We both have excellent credit and are buy & hold investors. The properties are all rehabbed, rented and cash flowing. So far, we've spoken to:

PenFed: Since we own more than 4 houses, they are treating us as a business and that disqualified us.

Flagstar: No loans on investment properties.

Navy Federal: Would not do loans on doubles/triples, but possibly on our single family rental.

Wells Fargo: Just spoke with them and seems possible, but they only give 60% LTV and not the greatest rate.

It has been hard to find a competent bank agent who is familiar with the products that might suit our situation. Any advice would be greatly appreciated. Thanks, in advance, for all of your help!