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All Forum Posts by: Russell Pitts

Russell Pitts has started 16 posts and replied 58 times.

Post: Propelio or PropStream

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

@Owais Mustafa when you skip trace a LLC, whose number gets returned?

Post: Wholesaling Inc- Taken their virtual wholesaling course?

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

I've been looking into various virtual wholesaling courses and landed on one that's offered by this company. Has anyone heard of their virtual wholesaling program or actually taken it?  I've talked to their representative, Robert, and he mentions the course is 6 months and $4k. 

Post: Where do you find lease option tenants?

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

I'm curious how folks are sourcing tenants when doing lease options for a single family home. Are you just listing on Craigslist yourself or using an agent to help find? Where do I start? Specifically, I have rentals in Memphis that I'm looking to switch over to lease option deals.

Post: Investor Agent in Memphis

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

Hi all, I'm looking to pick up some flips in Memphis area. Preferably in areas that an owner occupant to buy in. I've done plenty of brrrr in Memphis so I already have a rehab crew. What areas specifically would be good for flipping? Purchasing in the <$200k range and making at least $30k on the flip?

Post: Attn: SBA Disaster Loans for Landlords

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

@David Hulit You mentioned they may not be available for rental property owners (thought I read that above), I have a couple short term vacation rental properties and all guests have cancelled. So, operating expenses are piling up. Would this scenario be considered for a loan?

Post: Attn: SBA Disaster Loans for Landlords

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19
Originally posted by @David H.:

@Bola A.

This iteration of the SBA disaster loan was just rolled out so my guess is no one in the country has received the funds yet.

That being said, the interest rate for all small businesses and landlords is 3.75% Fixed, for up to 30 years. Non-profits get a rate of 2.75 fixed

Unsecured up to $25,000

 David, where are you seeing these terms?  Do you have a link to the SBA site that shows this?

Post: CoreVest - Colonial America - Blanket Portfolio Loan

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

@Bo Kim are you still pursuing CoreVest? How's it going? I'm about to talk with them tomorrow

Post: Asset Based Lending For Properties

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

Hi all, I'm interested in any cash out refi programs that are non conventional. I've maxed out my conventional 10 loan positions and looking to refi some SFR's I've recently purchased with cash. Feel free to PM me.

Post: Birmingham Market by Class

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

Hi Jason, what are your thoughts on this neighborhood? I didn't see it in your list. I'm researching a property on Northland Ave SW.

https://www.neighborhoodscout.com/al/birmingham/powderly

Post: Researching a 26 Door Portfolio in Memphis - help!

Russell PittsPosted
  • Rental Property Investor
  • Kirkland, WA
  • Posts 60
  • Votes 19

Thanks Dean, super helpful!  And Michelle, thank you!! I actually tend to keep to 38133/34/35, 38122, 38128, and 38116. You guys?