All Forum Posts by: Jason Taken

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.

Cash flow and access to capital are common problems for real estate investors and house flippers. The more properties you have in your portfolio, the harder it is to get conventional funding. Many investors turn to a private lender to help them keep their enterprise growing.

Houston TX- I obtained all my landlord insurance through Matic, with their partner being State Auto. Last year, after a storm, my tenant reported a crack in the wall and floor. I contacted State Auto, and they initially said that foundation issues were covered and provided terms and conditions for that. However, after the assessor's visit, they concluded it wasn't covered, interpreted the terms and conditions differently, and I received no payout. State Auto assured me that my insurance premium wouldn't be affected because there was a zero-dollar claim.

At the end of last year, State Auto was acquired by Safeco, and my insurance premium increased by around 190%. According to my Matic agent, this hike was due to the change in insurance companies and a reduction in insurers willing to cover the Houston, TX area last year. However, when I asked about this again today, they mentioned it might be due to the change in the company and also might be related to my zero-dollar claim from last year. Throughout this process, I received inconsistent information from different representatives at State Auto, and my Matic agent's responses were often vague and noncommittal.

Recently, another storm hit Houston, and a tree fell on my roof. I spent a lot of time finding reasonable quotes, and it took a lot of effort. The tree removal quotes were extremely high, with one company quoting $19,000, citing that I would go through the insurance company. Most roofers wouldn't provide a quote until the tree was removed. My deductible is high, around $4,200.

I'm confused about whether I should try to keep the costs under budget and avoid using my insurance. My concern is that even if I don't file a claim, my insurance premium will still increase dramatically next year because of my neighborhood's claims. On the other hand, if I do go through insurance, they might find reasons not to pay out, resulting in another zero-dollar claim.

Do you have any recommendations for where to find a reliable, trustworthy, transparent, and accurate insurance company or agent? Also, how would you handle a similar situation? Any recommendation will be appreciate!!! Thank you.

Hello BP Community. 

I am very new to RE Investment and hoping to get few advises. Is there any DSCR lenders that will help rookie like me to fund a duplex as rental property without a down payment? I do have 760+ credit score but just don't have money to make down payment at this time.

Any advise is welcome. 

Best,

Jayson Tuliao