All Forum Posts by: Jake Walroth

I write all my letters myself... now keep in mind my letters are written to only properties I want to buy for myself.... but I've wound up wholesaling two from this campaign. I've never done the yellow letter thing.... but with handwritten notes...I've done around 650, I have a call back rate of about 10%. Now a good portion of my call-backs are investors... but I've done well with owner occupants as well. I don't necessarily think you have to send out 1000's unless its your full time job... I do small and focused batches of mailers... usually sending out 75-100/mailing. 

As for the efficiency, I'd write out your content, leaving the names and addresses blank, then go back through with that information-- could help limit your mistakes. 

Not sure if this helps... but I do believe you'll generate more responses/card via the handwritten method. 

@Rico Johnson  I'd love to learn about what Cincy Publication you're talking about. 

Cincinnati Refined 

Cincinnati Business Journal- worth subscription fees 

Cincinnati enquirer 

Hi @Franklin Curry Jr, I invest in Buy-Hold's exclusively in the areas surrounding UC. I also live in the Clifton area, so if you ever want to chat over coffee/beer, don't hesitate to reach out.

Jake 

If I was in your position, I'd look to rent the Oakley house..... shouldn't be difficult to get young professionals, or grad students from Xavier. And if you've been in the house for more than a year, you could refi/cashout and do another househack, it appears your in a financial position to easily refi and househack again..... Get into another 30 yr 3.5-4.5 % interest loan with 3.5% down payment..... and you still have probably over 150k to play with on an investment property purchase. I don't think this one is that difficult if you're looking to grow your portfolio. 

I've got two rental properties near the University of Cincinnati that are available.... buy one or both. 

Property 1- 5 bed, 2 bath- SFH

Rents for $2150/mo(rented through July 2019), tenants responsible for all utilities. 

Asking $198,599

This one is located directly between UC and Over the Rhine(downtown CINCY)

Property 2- 5 bed, 2 bath-SFH

Rents for $2050/mo(Rented through July 2019), tenants pay all utilities

Asking $189,399

This one is located between UC medical campus and UC main campus. Spitting distance from the new Martin Luther King Exchange and Uptown Consortium Development projects

Am willing to provide discount if someone buys both. 

Please feel free to call or message. 

Jake

513-713-4182

Hello BPers, 

I've been a little dormant on the forums of late.... work and things seem to get in the way more than I should allow. 

Anywho, a little about me... I began investing in real estate two years ago..... each year, buying one househack and one investment property. Then a few months ago, I worked out a land contract with an owner and it's been the best investing experience to date in terms of ease of doing business, flexibility in terms, etc. Between downpayments, roofs, usual expenses, this and that, etc.... my cash supply is at about 1/4 tank. 

So while my money is short, I've continued to connect with owners and have a few deals that I'd like to take down. Because cash is short, I've been exploring the idea of working with a partner, private money, etc. 

With this situation in mind, what types of partnerships/private money arrangements have worked for you? 

All the best,

jake

Call Amazon lol 

I agree with everything you’ve laid out.... I was pointing more to the “many other west side neighborhoods” being lower income/high crime. Like it’s not Fallujah, and there are equally many solid neighborhoods. 

@Joseph Cornwell being from the west side, I’m a curious as to where you’re referring to when saying, “many other west side neighborhoods that are loware t income and tough areas”....maybe our definitions of west side are different. It just bugs me when people blanket. an entire side of town, when they really don’t know the areas with anything other than surface knowledge. There are great parts of Westwood and great parts of Pricehill.... obviously for the uninitiated some streets and portions you’d want to stay away from. But at the same time, there are people who make a lot of money in those very neighborhoods. I just