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All Forum Posts by: Ryan Ellis

Ryan Ellis has started 6 posts and replied 44 times.

Post: Well I did it, I purchased my first rental property today!

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
@Rick Watt Congrats!

Post: HELOC used for purchase of SFH rental, now what?

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
@Kenin Romines Thank you!

Post: HELOC used for purchase of SFH rental, now what?

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
Hello, Looking for any advice/guidance when it comes to Cash out Refinance of my recent SFH rental purchase. I used a HELOC to purchase the property and wasn’t sure if there’s a minimum wait time before applying for a conventional 30 year mortgage. Also, Can I do this in my LLC? Any advice/guidance would be appreciated! Thanks! Ryan

Post: Flooring for SFH Rental.

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
@Ned Jackson, Thanks for the reply. Isn’t Lifeproof flooring laminate planks? That’s what I meant by laminate.

Post: Flooring for SFH Rental.

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
@Karen Johnson, Thank you for the recommendation and “Tribal knowledge.”

Post: Flooring for SFH Rental.

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
Any recommendations for small kitchen flooring area? Looking at tile vs. laminate wood flooring. Thanks!

Post: Amazon Fullfillment Centers affect on Property Values and Rents?

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
95% of these jobs pay under $12-$15 an hour. Very high turnover. That said, those wanting a job can always find steady work in the Fulfillment Centers. 2b, 1b sfh renting in the $525To $625 price range should do well.

Post: This BRRRR thing really does work, with pictures

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
Nice job! It’s very helpful to see real examples of the financials and remodel work. Best wishes to you with this rental!

Post: Hi everyone! Officially new to BP

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
Hi David, Welcome to Bigger Pockets! Ryan Ellis

Post: #21 Rental property closed yesterday!

Ryan Ellis
Pro Member
Posted
  • Investor
  • North Ridgeville, OH
  • Posts 45
  • Votes 26
Hi Keith, Congrats and thanks for sharing. I️ just started out investing in the Northeast Ohio area back in August. Currently have 2 single family homes and working on a 3rd by the end of the year. I’m learning a lot from these forums. Please keep on sharing the good, bad and ugly of your investing experiences. Wishing you much success! Ryan