All Forum Posts by: Fallon Gilbert

Depending on how many rentals you have and how often things break, you might want to look into property management or see if a company near you does monthly servicing. I use a company where, yes it's a monthly fee, however they take care of the lawn, do checks, and when something breaks the labor is included up to a certain amount. 100% worth it not to deal with it.

@James McGovern I under stand, which is why in my case I would probably want a private money lender. Just not sure where to find them.

Hi all!

I feel like I'm a fish out of water here a bit. I know that there are tons of different types of lenders but I believe for my case I would need a private money lender or hard money lender. To my knowledge, hard money lenders only do shorter terms? Not really sure.

Another issue I'm finding is the amount of money - the deals I do are typically about $30,000 and it seems like not many people are willing to lend on such a small amount. Does anyone know why?

I have, what I think, are good deals, and other properties that are owned free and clear which can be used as collateral. Does anyone know someone that would lend on this amount? Would love to have a conversation!

Here are two of my properties that I put into the bigger pockets calculator. Thanks in advance!

@Josh Robertson Thanks for your comment Josh! I'm definitely always looking to keep myself informed legal wise and appreciate the advice. I was planning on networking starting tomorrow and trying to scale from there.

 Following this! I was wondering the same thing.

Micah do you recommend any areas in Ohio specifically?

Hi everyone!

I'm not sure if this is the place I would post this but I'm doing some creative deals and I'm curious if anyone has a suggestion to build a buyers list for contract for deed/executory agreements or other seller-finance type deals? I've debated if I should reach out to lenders in the areas and offer referral fees but is that allowed? I don't know how the lending process works if someone doesn't get approved or whatever the case may be. 

I guess what's holding me back from full on jumping in is worrying about getting someone to purchase the properties from me and then having them sit. I'm sure this is a common fear but any and all suggestions would be appreciated!

I appreciate the opinions anyway because it gives me more options. Two of the properties are duplexes and the third is a SFH. They provide more cash flow than 1 bigger option in addition to having to front the cash for renovations etc. which wouldn't help my situation

 Because the 3 properties provide much more income than 1 other house regardless of how much more it's worth. 

 PA

 My properties are in PA. I totally get that too. I’m trying to portfolio them but I can’t seem to find someone.