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All Forum Posts by: Jason Taken

Jason Taken has started 51 posts and replied 304 times.

Post: Rental lease comps

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Jeremiah Sholes:

Anyone able to help with some rental / lease comps? This would be in central PA. Issue is I have property actively leased at $1500 but appraisal came in with $1215 because they said they couldn’t find any good comps. Lender said they also think that the appraiser was wrong but want me to find data or some lease comps to support the argument of appealing the appraisal.

Rentometer. Mashvisor. Or simply look at zillow rentals.

Post: Multifamily insurance quote?

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Mark Walker:
Quote from @Owen Rosen:
Quote from @Mark Walker:

What companies offer multi-family insurance coverage? Thanks for your help.


1-4 units is very different from 4+ units from an insurance perspective - what type of properties?

Where are the properties located?


 5-plex

1093 Columbiana Rd. AL 35209


Talk to Kris over at Anderson Agency. (812) 887-0443‬

We use him for all of our insurance needs. Solid agent if there ever was one.

Post: Home insurance companies for investment properties

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Pras R.:

I am looking for home insurance companies the provide insurance for multi-family investments within state of Texas. Are there any recommendations?


Talk to Kris over at Anderson Agency. (812) 887-0443‬

We use him for all of our insurance needs. Solid agent if there ever was one.

Post: Dallas Texas Insurance Reference

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Renzo Figueroa:

Hi all,

I am a first time investor looking to invest in SFH or duplex in Dallas Texas. I am an international buyer (so no credit score in USA). I am looking for an insurance proposal for a specific property I may purchase. I would appreciate any referrals.

Thanks!


Talk to Kris over at Anderson Agency. (812) 887-0443‬

We use him for all of our insurance needs. Solid agent if there ever was one.

Post: HELOC or Business line of credit

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Mike Farr:

I am new to the investment game although i have listened, studied and taking courses for years. I have a fully paid off property in an LLC (open to quickclaim deed for the loan) that I am trying to use the equity to BRRRR and begin investing. I have talked to and applied with a few lenders but havent had much luck. My income is a bit low but my business partner does have a solid income. Both of our credit is well into the 700s and the property estimated value is 900k plus. Is there something i am missing?
To be honest (as a business owner myself) I have been surprised by the professionalism and communication skills of these lenders. 
Are there any lenders or CU you all suggest to get this done a bit smoother? 


Is the subject property an investment property? If so, you can get a DSCR loan without worrying about personal income. With a 700 credit, and solid property income, you should be pretty solid to pull cash out of that property. (Side note, you would not be deeding the property to anyone in this transaction, but rather, having a lien put on it). Give me a buzz if you want to go over the details.

Our process is smooth as buttah.

Quote from @Konstantine Zuckerman:

Hi friends,

I’m looking to connect with experienced investors to discuss your current marketing processes. I have an idea for a unique data product, but before I dive deeper and invest more time and money into it, I want to learn from those with more experience in this field.

Some background:

I'm a tech entrepreneur with a passion for real estate investing. I focus primarily on land, splitting larger parcels into smaller ones within minor subdivisions. Through analyzing my leads, I’ve noticed some interesting correlations. After experimenting with data, I achieved a 3.7% response rate from direct mail and am still receiving calls after 8 weeks.

I’m not looking to sell anything; I genuinely want to understand more about effective marketing strategies before investing further in data and technology. If you are targeting at least 10,000 properties per month, I’d be grateful if you could spare 15 minutes to share your insights.

Thank you, and happy 4th of July everyone!

KZ


 We're lenders. We get about a 1% "click through rate" on direct mail. Different customer, but 3.7% from what I understand is pretty darn high.

 We recently launched a white label marketing platform for wholesalers that takes a similar approach and I cannot wait to see what kind of direct mail response we get. From what I've learned about the DM space, 3.7% is very good.

Post: Help with maintaining LLCs

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Raymond Shoe:

Anyone have tips on maintaining LLCs? We created an umbrella structured an LLC with Anderson Business Advisors. Their monthly service is quite expensive and we would like to detangle from their services and manage the LLCs on our own. Would love advice on how you all maintain your bookkeeping, yearly filings, meeting minutes, etc. Any programs out there that help with this? Thanks!

Some accountants do this as a service.

Post: Hard money lender asset based

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Osvaldo Benavides:

Does anyone know of any asset-based hard money lender that does not require credit check.


 no credit check up to 90% LTC in 12 states. No minimum credit in every state.

Post: Lenders in Montgomery Alabama

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Renzo Figueroa:

Hello!

I am a first time investor. I am looking to invest in SFH in the 60-100k range in Montgomery, Alabama. My goal is to buy turnkey properties for long-term rentals. I am looking for DSCR loans, but I have had a very hard time finding lenders in that range category. I would appreciate any recommendations.

Thanks!


If you purchase the property for 100 - we can help on the DSCR front. Our min loan amount is 50k on DSCR --- but appraisal needs to come in over 75k.

Post: Looking to finance a jv fix flip Miami/ southern fl

Jason TakenPosted
  • Lender
  • Chicago, IL
  • Posts 327
  • Votes 104
Quote from @Drew Mullin:

I'm looking for someone to partner w a jv fix and flip, I finance, other person has done multiple properties previously and brings knowledge team etc. 

if anyone's interested let me know plz, thanks 


 How much $ do you need?