All Forum Posts by: Jason Taken

Hello, 

I purchased a home last year and looking to buy another home soon. Would like to pull money out of that home for a downpayment on another home. Which route is the best? Or should I avoid pulling money on the home and putting the downpayment myself? This would be my second investment property. 

Thank you. 

Got $100k business line of credit with 710 credit score to buy some more properties.

Do you think it is better idea to buy a rental house (worth $70k) with the credit card paying all? Or do downpayment 20% with it (approx. $14k) and get a DSCR for 80% to close?

APR 0% for 18months

I've worked in real estate investing for six years and personally own two rentals. I've been looking to do my first flip to get rehab experience and would benefit from partnering with a more experienced Chicago area flipper. It would be greatly appreciated if anyone reading this is interested or has input for finding a partner.

Hello community! This is my first post but I'm always online reading everyone's informative experiences and strategies. I'm looking for a good HML that I can use for a fix & flip deal that I have. I recently purchased a foreclosure for $58.5k and the As-Is value is $101k. The property will need about 40-45k in rehab costs. Comparing the work that will be done to the local comps the estimated ARV will be $145k-150k. I have full SOW completed and the team in place to get the job the done. Thanks for the help!

Any recommendations for lenders that would consider loans as small as 50k-80k on some properties in Jackson County, Fl. No current liens but these properties have tax deeds, not warranty deeds if that matters.

thanks

Levi

OK here’s my question. I want to get in to real estate investing and this would be my first time. If I had to pick which direction I should go if I want to make this an ongoing thing. I have 30 K in the bank and I can’t decide if I should buy a rental or a flip. I know there is pros and cons to both with the rental. I don’t want to have to wait a long time to save more money to buy my second one. With the flip I am very handy, but I would hate to get into something, not knowing how much It’s all going to cost. If you were in my shoes as a first time investor, what would you do? I have used the tools on the website and they have been fantastic but I just don’t know what direction I just need to go.

So we have an online portal for contractors to submit bids and SoW.

He said he will submit everything except the license number and never had a lender require it. I told him well my lender does. So I told him if you aren’t comfortable with that would you feel comfortable giving directly to lender? He says that’s fine.

What do you all think? 

HI all. I would like to learn how to check for liens/encumbrances and interepret them. There are a few decent videos online but they are general. I need a class/course that teaches me how to read and interepret the info I'm reading. Any guidance would be greatly appreciated. Thanks!

Hey everyone,

I'm beginning my direct mail marketing campaign through a third party company as of now. As I grow and expand my business, I would like to start doing most, if not all, of my direct mail in-house to save mailing costs in the long term. Where I'm stuck is whether I should use a metering system that pre-prints a stamp onto the envelop or find a machine that can place a physical stamp onto an envelope (obviously I can't sit there all day stamping).

I'm thinking from the perspective of mail that looks to "businessy" vs. mail that looks more personalized for better response/conversion rates. I also want some opinions on handwritten vs typed letters/envelopes. Is it a good idea to favor one or the other, or incorporate a little bit of both into a single mailer? I'm not too much of fan of yellow letters.. some of the examples that I've seen tend to look a little unprofessional. Just my opinion.

Hello BP Community,

I'd like to connect with you to get your knowledge and experience on any of your BRRRs in Ohio. It can be anywhere in OH -- Cleveland, Columbus, Akron, or anywhere, and here's what I'm specifically looking for:

1. What are some of the cities in OH that you would recommend to invest? Cleveland, Akron, Columbus is all I know.
2. I've always had an assumption that OH is a Ca$h Flow market and not an Appreciation market. I mean, once we get off-market property and do some rehab, we can force appreciate it, but what about the later natural appreciation?
3. When you invest in OH, I've heard some good schools, and some decent employers like Progressive, Cleveland Clinic etc. -- but, which one would you choose and why? Coz Strongsville has good schools, but less employers. 

Looking forward to getting some great guidance from you all on getting my BRRR started in Ohio.