All Forum Posts by: Brian Ewell
Brian Ewell has started 8 posts and replied 48 times.
Post: Turnkey, indianapolis, marion county, Morris Invests
- Investor
- Herriman, UT
- Posts 52
- Votes 9
Was this a Morris Invest property?
Post: Turnkey, indianapolis, marion county, Morris Invests
- Investor
- Herriman, UT
- Posts 52
- Votes 9
Thanks
Post: Turnkey, indianapolis, marion county, Morris Invests
- Investor
- Herriman, UT
- Posts 52
- Votes 9
I am looking at a company in Indiana, Marion County to buy investment properties. I am concerned about the property management aspect of my investments. The company is Morris Invests and the property management they use is Oceanpointe.
If someone who has worked with these companies could comment on them send me a PM.
I am investing out of state and have some concerns.
Thanks,
Brian
Post: Turnkey companies
- Investor
- Herriman, UT
- Posts 52
- Votes 9
Thanks Larry.
Post: Turnkey companies
- Investor
- Herriman, UT
- Posts 52
- Votes 9
Has anyone ever used USREEB? And what has been your experience with them. I would like to buy properties, but I want to have equity too.
Thanks,
Thanks Marc
Post: Turnkey companies in Kansas City
- Investor
- Herriman, UT
- Posts 52
- Votes 9
Joey, does USREEB have properties that are selling for retail or is there equity in the homes they are selling? Thanks
Could someone PM me about turnkey or quasi turnkey companies that are reputable in Kansas City.
I have talked to a couple turnkey companies and was wondering if it was appropriate to post on BP if anybody could comment on them?!
Originally posted by @Louise A.:
Hey! 10 loans is max for 30 year fixed rate residential loans. Not hard to get loans 5-10 but you need to have cash to cover the bank's risk. I think its 6 month PITI reserves for all rental properties. PM me if you want my mortgage guy's number. He's great with investors. I have a blanket guy too, but I think he only writes in IN. Good luck!
Thanks Louise. I will PM you.
Originally posted by @Gino Barbaro:
Hi Brian
You can inquire with local banks. We deal with a bank who is in the growth phase and they want to underwrite loans and keep them in house. Target portfolio lenders. You can also contact @Jerry Padilla to get some info
Best
Gino
Thanks Gino.
I will contact him!
Originally posted by @Joshua H.:
Owner financing is the way to go if you can come to decent terms. You don't pay closing fees until the end of the last payment. Of course you'll have to show someone that they'll get much more money over time and there's a reason why banks are in business. I found some long-term hard money lenders through real estate meetups, they charge 8-12% though. I found a number of lenders through Craigslist... but I would do my homework on those guys. That might help you out while you're building relationships with smaller banks/credit unions.
Hope something there helps!
Thanks Joshua. I'm leaning toward turn key companies, so owner financing wouldn't be possible. I would't use a hard money lender for a buy and hold. I just need to go with a smaller bank that will loan on out of state properties. Is it necessary to have all of the information on the house you want to purchase, or can you just get pre-qualified?