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All Forum Posts by: Mario Mormile

Mario Mormile has started 33 posts and replied 165 times.

Post: Hopefully getting my first rental early 2018.

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

@Kevin Van Dyke Now is a great time to be making offers! Good luck and look forward to hearing more details on this property or others you come across. 

Post: Joint Venture Partnership Structure With A Builder: Thoughts?

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

@Asad Shaikh    You are knowledgable. And if you can break down your plans simply to others (with the needed capital), I believe you could raise the funds you need without forming a partnership and hire the GC. Merry Christmas!

Post: New Member from Good Ole’ Memphis!

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

@Jonathan McGee , welcome to BP! There is a wealth of resources and experience here. Listen to the podcasts if you haven't  yet. Lets make 2018 epic!

Post: Start of my TK Journey - Studying Various Areas

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

@Chinmay J. I see the extreme need for TK properties. One of our goals for 2018 is to  provide more deals for fix and flip investors (that need to be rehabbed)  and for OOS investors that are fully TK. We have been raising capital, adding more lines of credit, and looking into the county sheriff's sale for deals. Hoping to pick three up this Tuesday...

Anyways, I know you are looking for TK. But I wanted to share the numbers on a property I sold a friend of mine. He bought for 40, put 50 into it, taxes are 2k annually, and it rents for $1300/ month. This is in Middlefield Village located in Geauga County Ohio, not far from Cleveland suburbs which are Cuyahoga County. My goal is to be able to find more properties such as this and fill that gap. Merry Christmas to all!

Post: Wholesaling To Flipper: How To Make An Offer

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

$100 bill on the table... :)

Post: Foreclosures! Dayton, Ohio! Does it seem like there is a huge....

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

I can't speak on Dayton, Ohio... but in Cleveland, Ohio there are roughly 50-60 homes every week going up for auction at the sheriff's sale. @Daniel F. Harb do you own property in Dayton, Ohio?

Just finished the audio version of the book- a must have ! I will be recommending to others. @David Greene, thank you for putting this together. It is not only valuable or those looking to invest out of state, but it is huge for investing local as well. Happy reading to all!

Post: Looking for GC Eastern Suburbs of Cleveland

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

Does anyone have any recommendations for a GC that runs jobs on the east side of Greater Cleveland? South Euclid, Mayfield Heights, Beachwood, Lyndhurst, Chagrin Falls, Solon, all of Geauga County, and towns near by these. Thanks!

Post: Who is buying at the county sheriff sales in Northeast Ohio?

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

Greetings! Who out there is a regular when it comes to purchasing properties at the sheriff's foreclosure sales/ auctions in Northeast Ohio? This would include Cuyahoga, Lake, Geauga, and Portage counties. We are entering into this niche. Any advice about this would be great. Thanks! 

Post: Looking for Wholesalers and Deal Makers in Cleveland, Ohio

Mario MormilePosted
  • Investor/ Real Estate Agent
  • Burton, OH
  • Posts 167
  • Votes 53

Looking to purchase 3-5 off market deals before the end of the month. I can close quickly with cash.  Any location any condition. I am located in Northeast Ohio. You can reach out to me on BP, txt, call or email. I want to build strong relationships with wholesalers, wholetailers, and anyone serious about making money in real estate.  Thank you I'm looking forward to your call! 

[email protected]

216-385-0454

Mario