All Forum Posts by: Sawyer Dina

Yes @P.J. Bremner, that is exactly what I mean, thanks for chiming in. I really don't know many lenders around the Cleveland area that are willing to adhere to more lenient standards for real estate investment purposes (not yet at least). If you know a few or literally any at all please let me know because I'd be happy to set up a meeting with them and I'm sure they'd be happy for your recommendation.

Yeah, I get Holton Wise @James Wise deals sent to me all they time, I am absolutely looking to do business with them in the near future, I first need to lock down consistent financing in order to do so. Which is why I'm looking for more flexible lenders out there.

Thanks for posting guys,

Sawyer

@Paul Wakim Because I play a numbers game and make many calls a week to off-market property owners the success is fairly good. However, if you are just looking at getting the correct contact info for an owner of a single property it's could very well be 50/50 toss up if the numbers are correct. Regardless, if you are really serious about this property then I'd give it a try. 

Let me know,

Sawyer

Hey Paul,

That's an excellent question, a tough one to figure out for sure. It sounds to me that either the county has not updated the owner's name properly...OR more than likely the property was passed down to his son with the same name as an inheritance. The mailing address usually is different from the owner's address if 1) it's currently vacant and the owner lives elsewhere or 2) the owner is an investor and has the property as a rental.

I'm actually a wholesaler in the Pittsburgh area and could hook you up to some great off market deals if you'd like to check them out. Of course they are mostly vacant properties that need work done to them but several are for sale under $20K. If you'd like to reach out to me, send me a private message through Bigger Pockets and we talk further over there.

Also, as a wholesaler, we use a number of online tools to find owners phone numbers, and email addresses. They come at a price but can be worth it, look into Spokeo & Intelius. They might help. 

Best,

Sawyer

Oh okay, so do you have two different ads? One targeting potential motivated sellers and one ad that brings in buyers for you?

I'd love to pick your brain a little more and see what kind of ads you are putting out and how you are targeting your audience. Would you be open to talk on the phone sometime this week or next about it?

Let me know!

-Sawyer

Hey BP Members,

I wanted to reach out and see if any of you guys & gals have ever used facebook advertising to target motivated sellers for wholesale deals? If so, how were the results?

Let me know, thanks.

-Sawyer

Hey peeps,

Thanks for sharing your thoughts and experiences of POS Violations in the Cleveland suburbs! 

I appreciate the advice and shared knowledge :)

-Sawyer

Hey There,

I'm a very new investor here in Cleveland and I am interested in learning who the Cleveland area portfolio lenders are. If you know of any or are one yourself, please join the discussion. Thanks!

All My Best,

Sawyer

Hey Cleveland Investors,

Who has dealt with the massive turd that POS violation escrow amounts has put on your potential deals? I know I have and there is nothing worse than having an awesome deal get shut down because of a 5 digit POS violation escrow amount!

All the suburban Cleveland cities that participate in this practice make it insanely hard for us investors to put in fair offers on these houses and because of that aspect these houses will continue sit vacant for months and months (of course lowering the market values) because no one wants to deal with the hassle of these absurd and arbitrary escrow amounts set in place.

City inspectors walk through the houses and point out every little thing they can possibly find wrong with a house and report it to the city. The city then places an amount based off a list of ridiculous codes that have the estimate numbers for each violation to be discovered by the inspector. The investor or owner-occupant purchaser has to put in this amount set by the city (with no contest of course) into an escrow account upon purchase and cannot touch these funds UNTIL the necessary violations are brought up to code, then and only then will you get your money back. How insane is that?? You can't even use the money they estimate for the repairs to make the freakin' repairs!!

Overall, I would just like to hear your thoughts and experiences dealing with this matter and hope we can all come together to finally put an end to this backwards and nonsensical regulation!

All my best,

Sawyer

Hey @Nicole Heasley Beitenman, welcome to BP! It's nice to hear that others are starting out in RE by house-hacking (aka living for free by renting out your rooms). I actually did the same thing, and like you...everyone thought buying a house was insane (I'm only 23 so my parents went nuts) but once again like you, it worked out in my benefit because now I actually earn a little bit after all my housing expenses by renting out two of the rooms.

I'm a newbie like you learning all I can, BP is an amazing resource and I highly recommend it to anyone. I'm also looking for properties to invest into in the CLE market as it is awesome for cash-flowing rentals. I would love to chat further and hear more about what you are looking to do!

Conventional financing is too stringent and will not approve me for my next purchase so I need to use private money. I have excellent credit, yet I'm 23 and the income just isn't consistent enough as I'm just getting starting in the world. I have already been approved and bought my first house, yet I don't see any bank allowing me to go ahead and buy another this soon after my first one.

Any options for someone like me?