All Forum Posts by: Jaron Smith

 Im just not sure what's underneath it and how easy or difficult it would be to remove!

Send me your guy! Haha, but seriously thanks for your input Jonathan! I agree with that I think that would give it the best look.. it's going to auction in early December, and its starting bid is only 16k.. I'll probably crunch some numbers and come up with my max offer, it wont be much but I think this house could be a real gem, as I said before theres a great view of lake erie right on the front porch and also a public park and beach access as well.

Happy holidays and thanks again

 I'm thinking something like that would be my best option, thank you for your input!

That is a great idea! Thank you! 

 I know... there's a house with a similar looking exterior right across the street from it too

@Nathan Bise Hmm there should be 4! check back later if you have time they may pop up for you!

@Brandon Frulla Right! I've never seen anything like it.. It's even uglier in person.. But that's the issue I have no idea what is between the structure and the stone, it is vacant so I may have to go back and dig deeper and try to figure it out.. 

@Hannah Krebs Never seen GOT but it is on my list! Heard great things about it but I'd love to take this house from medieval time to the 21st century!

Hey everyone!

I have just recently seen this house as a potential flip, It is in a good location and has a lake view from the front door! However I have never seen such an ugly exterior.. Has anyone ever renovated an exterior similar to this? I'm wondering if id be able to knock the stone off and do some vinyl siding.. Any advice is appreciated and Happy Thanksgiving to everyone!

Hey Everyone,

So I'm in a tough position here, I have recently been laid off of my union construction job and I am trying to figure out how I can invest in real estate with no current income and little savings.. I own one apartment building but it is not enough for me to have no additional income obviously.. 

I have thought about a few different paths, I could wait until work picks back up in the area and continue saving and continue buying rental properties over time, but I am not crazy about that industry, although it pays fairly well. The other option I've been thinking is to take the classes necessary to obtain my real estate license, become a licensed realtor and earn my w-2 income this way while still continuing to save and purchase rentals over time. 

Would it be irresponsible of me to try to obtain a HML for some cash flowing multiplexes?

I look forward to hearing from anyone who took the time to read this!

Thank you,

Jaron

Hey everyone,

I contacted the city and asked about the zoning of the building and they told me that the property is zoned for GB (General Business) and would allow for a multi-family dwelling that would permit 4 or 5 units!  I am going there to estimate my rehab costs, I would be performing a lot of the work myself and with some co-workers (one co-worker has a contractors license with the city) and the other a plumbing license, my dad is and electrician. I feel comfortable with my ability to complete the work as I am mechanically inclined and I have a lot of experienced people around me.  I will check back in once I figure my estimated rehab costs. 

Thanks everyone, I love this website!!

Jaron

Courtney,

Thanks for your reply! I agree with everything you've said.. I have a few questions though, how do HML's work? How would I pay that back would they receive the payment in full when I get a mortgage? So essentially my conventional mortgage loan would pay them back, correct? Also I've had no experience with hard money lenders will I be able to get a loan still? I also bought my triplex 7 months ago using an FHA loan so I still have to live there for another 5 months..

I’m excited to hear back what you think!

Thanks,

Jaron