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All Forum Posts by: Erica Gerhart

Erica Gerhart has started 3 posts and replied 12 times.

Post: Asset managers...

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

Thank you for the suggestions... That's what I will do.

It was bought back by Fifth Third... I will have to find out if they use a 3rd party servicer.

Post: Asset managers...

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

Does anyone know how one would go about finding out who an asset manager is for a property that isn't listed yet?

There is a vacant property in my neighborhood I have been watching and it looks like it was foreclosed on, went to sheriff sale and was bought back by the bank.

Now it is just sitting there deteriorating. The perfect 1st investment opportunity. I just need to figure out who to contact to buy it...

Any suggestions?

I asked a couple realtor friends and they said there is no way to know until it is listed and that could be a long time... but i thought i would ask here anyway...

Thanks in advance!

Post: Columbus, Ohio Meetup

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

aww... i missed this too! 

Is there a way to get reminders about this for future events or can i assume same place every third monday?

Post: Columbus, Ohio investors... ARV help needed please :)

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

@Aimee Sowards-Mounts

thanks... you've given me some good options! assuming it just needs carpet and paint, i will probably buy, fix and flip it. Not sure I can handle a rental this early in my game :)

@Corey Liepelt thanks for the insight :)

Post: Columbus, Ohio investors... ARV help needed please :)

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

I am looking to purchase a property in Whitehall for $40,000... in the decent area... but I am having trouble finding comps to come up with my ARV to see if it would be a good deal to wholesale... or maybe fix and flip. Values seem to be all over the place in that area.

I came up with $70,000.

It is a 3 bed, 1 bath with partially finished basement, newer windows, larger lot, detached garage, newer siding and roof, 1100 sq feet, built in 1953.

Currently rented for $795.

Anyone have any experience in that area that can tell me if I am way off or in the ballpark?

Thanks in advance!

Post: Advice on removing old liens from defunt companies

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

has she refinanced or anything since 2008 that would require title to be cleared?

what does the attorney have that contacted Citi before? 

there should be releases filed even if the loans were transferred... 

Post: Attorneys and Title Companies

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

sometimes you won't have a choice, but from what i have seen, attorney's are always more expensive in relation to what they charge for searches, the binder and the closing fee :)

Post: Attorneys and Title Companies

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

yes, it depends on the state the property is in

the links @kyle j. gave are perfect

as far as finding them, ask others investors for who does investment transactions, not all will 

:)

Post: Columbus Ohio wholesaler

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

Welcome! Doing my research to either start wholesaling or to jump right in to fix and flips here in Columbus also... I am finding there is A LOT of help here. Keep us updated :))

Post: Newbie from Columbus OH...

Erica GerhartPosted
  • Professional
  • Columbus, OH
  • Posts 12
  • Votes 4

thanks for the welcomes!

i have 3 really close realtors friends... 1 i was married to and 1 i worked for... so i am still on the fence about spending the money to get my license... but the commission's and the flexibility may be worth it.... decisions, decisions... 

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