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All Forum Posts by: Mark Welp

Mark Welp has started 31 posts and replied 235 times.

Post: Long distance invest in Cleveland

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Andrew Brown

I invest in Columbus and Cleveland.

I have the pros and cons in both markets. Managing the property is key in any market.

Currently, Cleveland is more affordable and has more inventory than Columbus.

Post: Want advice on commerical loans for single family portfolio

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@George Despotopoulos

Do you lend in Ohio and what is your minimum loan on single family investment properties? Thx

Post: Small bank / commercial loans for rentals in Cleveland area

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Andrew Weiner

I invest in Cleveland.

You mind messaging me your commercial and hard money contact? Thanks,

Post: What online software do you use to manage your properties?

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Morgan Pellowsk

I use Hemlane.

Post: DIY Landlord - All in one management solutions

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Jason Bowles

Look into Hemlane.

I use it for about 20 doors and growing.

Post: When does overleverage get you in trouble?

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Jill F.

Have you heard lot of investors getting 30 year mortgages called?

Just curious. I think 30 year mortgages at a decent rate with at least 80% LTV is pretty safe.

Have you heard of those kinds of loans getting called? Thanks,

Post: Airbnb Hosts Columbus,OH

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Joe Chillinsky

Centerville High?

Good to see your name and hope all is well.

I live and invest in Columbus.

Message me if you need anything!

Post: Whole Life Insurance as a Foundation for Real Estate Investing

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Bryan Hancock that is a bold first sentence.

If you truly understood high cash value life insurance, you would not make that statement.

A lot of people really have not taken the time to understand.

Post: 90% LTV First Lien HELOCs?

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

Hello,

Does anyone know of any banks doing 90% LTV First Lien HELOCs on primary residences? Thank you,

Post: Infinite Banking, Is it cut out to what it is said to be?

Mark WelpPosted
  • Investor/Agent/CPA
  • Columbus, OH
  • Posts 249
  • Votes 207

@Clayton Hepler

I own multiple high cash value life policies in my family and I use them for multiple purposes, including real estate purposes. If one understands them and if they are designed correctly, they are better than any qualified plan and they are the best place to store your cash to build capital.

And if you store enough capital to build a big enough “bank”, then the loan provision beats any commercial bank loan out there to go capitalize on investment opportunities.

If you ever want to chat on the phone about them, shoot me a message.

Thanks,