All Forum Posts by: Jason Taken

Hi everyone, excited to get started! Specifically with BRRRRs and building up a solid portfolio of hidden gems. If anyone has any tips or tricks to a first-timer, feel free to leave a reply (especially curious about standard practices for identifying deals). Looking forward to diving in the curriculum.

Hi everyone this is my second fix and flip project. I have a property with a purchase price of $36k and the ARV is $135k. Needs about $50k worth of work. Any investors interested in partnering? The property is located in Rock Falls, IL

Is there a way to do your own title search when looking up tax deed properties?

Or a company that does it for a reasonable price?

Thanks so much

Where can I find a broker that can source out a construction loan for a spec home?

One advantage to DSTs is that they don't go through probate when the owner dies. The trustee distributes the owner's interest according to the owner's instructions, as I understand it. The owners of TICs receive deeds, though, and I'm wondering whether those can be "lady bird" deeds with a beneficiary, which would also eliminate probate.

Hi All,

I own a few single family houses but am interested in purchasing a commercial property without beds eg retail, warehouse, flexspace. What are some ways to find leads besdies relying on brokers? I am looking for a value add type of property where I can get a good return. Any advice is welcome!

Hello!  My fiance' and I are investing in our very first rental property.  Just last week we got our preapproval letter from The One Brokerage. We picked this bank because it was on Bigger Pockets.  We made our offer on a small home that needs to be rehabbed in a small rural community south of Rochester and it was accepted ($55,000). It's only 930 sq. feet.  It's on a nice big lot and includes a large metal garage/shed.  The house is rough, but we have experience remodeling and have a GC and an Amish crew ready to go.  We have $60,000 budgeted for the remodel.  This money will also come from The One Brokerage.  We uploaded ALL of our financials to the bank and are now waiting.  Communication with the loan officer is not the greatest.  I have searched for him on all the social media platforms and there just really isn't much.  I'm kind of freaking out because I expected a strong social media presence with this guy.  Like I said, communication now is less than I would like.  Yesterday morning he said we should have the final terms by end of day.  Did not hear anything.  I texted him twice with no answer.  This morning I texted again, emailed him and his assistant with no answer.  I called the brokerage and left a message.  They texted back and I left another message.  I then called the loan officer and left a voicemail with no return call.  Called the assistant and she answered.  She was very kind and apologetic and said she would message him through their portal.  She is in Texas, he is in Florida, brokerage is in California!  (YIKES!)  Within 5 minutes I got a message from him stating that underwriting has concerns about the location of the property being rural and not having enough sales comps.  He said he was working with them to get that cleared up and that he would keep us posted on the file status.  O.k. so is there a chance this won't go through??  I'm really feeling dumb and naive,  thinking I didn't investigate the lender more thoroughly. They have ALL of our information! Am I being paranoid?  

We have a verbal commitment on an off-market property in Ohio and need a purchase agreement drafted.  Can anyone provide a referral to an attorney to assist with this? We have two other investment properties that were purchased on market, this is our first off market deal. Any suggestions for navigating would be helpful! Thank you in advance!

Hello All,

My apologies if this is a simple question. But I have to ask to gain some knowledge. 
my question is the following, I have a multi family home, I noticing online a lot of investors have there assets under an LLC.
Will my property taxes and mortgage interest rate change if I place my property under an LLC going forward ?

thank you!