All Forum Posts by: Randy Odegaard

 We are Tax Deed Investors looking for someone to take exterior cell phone photographs of houses from the sidewalk or street In Gary Indiana before May 6th. We pay $ 15 per house. If interested please reach out to me by email.

Randy Odegaard

[email protected]

Thanks , I'll check them out.

Thanks so much for the info. I'll review and reply. I'm looking to brrrr my deals so a higher LTV on a cash out refi is imperative

Does anyone have experience with or know of banks that offer reasonable rates, terms and LTV for a cash out Refi on a SFR rental property in the Birmingham Al area? We are retired, out of state investors, high credit scores, DTI 31%.The funds will come from our self directed 401K and require a Non-Recourse Loan on the cash out Refi. Our intention is to look at properties in the 150K range and buy all cash, then BRRRR it. Is this a feasible scenario given the parameters we have to work with? Has anyone had experience in this area? Your comments, advice, expertise would be much appreciated.

Randy and Jodie Odegaard

Thanks, Mark.  Very helpful

Randy

Hello Lane and thanks for reaching out.  I see you have rentals in BHAM, so I assume that you have used this PM and are happy with him.  Sure, go ahead and send the contact info.

Randy and Jodie

Hey Rob, 

We are looking for an excellent property manager, an attorney, and down the road an excellent contractor.  Thanks in advance for your help.

Randy

Hey Rob, 

We are looking for an excellent property manager, an attorney, and down the road an excellent contractor.  Thanks in advance for your help.

Randy

Thank you.Will do.

Hello Rob,
Thanks for reaching out to us.  My wife Jodie and I are investors from NJ.  I am retired from the NYC Carpenters union; I have owned general contracting companies, and a cabinet manufacturing company for fortune 500 companies in Manhattan for 11 years.  My wife is also retired and is very good with computers.  We've been doing research to determine the best place(s) to invest in Alabama for long term rentals and cash flow.

We have two companies - one in which we buy tax deed properties (we are presently researching Birmingham), and another company in which we intend to buy distressed properties that are under market value.  We are looking to buy cash-flowing rental properties at about 70-75% (including rehab) of market value that we can fix up and rent out.  We are all cash buyers looking to buy 2 properties this year with an ARV of $150,000.  For the second company we are interested in the Huntsville market but we will look at BHAM also, if we can put together the right team.  We are looking for the best realtor, PM, contractors, handyman, lenders, and wholesalers.  We would love to pick up a run down duplex in a good area and rent it out to Section 8.

At present we own a small share of an 88-unit complex in Tennessee, one unit in NJ, and have flipped two properties in Florida.

For the right team member, we give excellent referrals and a cash bonus once rented.

Randy
p.s.Jodie and I also met in church!