All Forum Posts by: Erin Elam

I just finished listening to this one and loved it!! But I didn't hear the 4 techniques ... can somebody fill me in on the other one please? I got: partnerships, hml, and house hacking ... what is the other technique?

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@Josiah Kay thank you for that advice!! #3 sounds like a great route to begin with!!

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Houston, Texas

Hi all!

Do most of you put your rentals into your personal name? Do the POS rules depend on if the property is in personal or business name?

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Cleveland, Ohio

Originally posted by @Denise Ford:

@Martin Vehlow Hi, looks like you have some good insights given so far. I would have to say no go on those buildings though. Its too close to East Cleveland and too far from Shopping and I can go on and on. I'm over there at the rec center every Saturday, its very deceiving. If you are looking for what's hot shoot for the John Carroll students. Houses near Cedar Center will rent much better. North of Taylor Rd and South of Cedar Rd is safe bets. Also East of Warrensville Center Rd in both north and south directions as long as you don't go south of the Walmart. Rents range between 1050 and 1650 for sf and mf 750-900. Stay away from carpet and you will rent faster. Original kitchens and baths go for much less and sit longer. Fenced yards and finished basements get higher rents too. Your design need not be fancy just not builder grade if you want the higher rents. Hope this helps.

Hello! Can you clarify the suggestion about not to go south of the Walmart? The Walmart i keep seeing addressed in South Euclid is on the West side of Warrensville Center, but the advice is to stay east of Warrensville Center. Also both Cedar Center and John Carroll are South of this Walmart. Is there a different Walmart you are referring to? Or did I get my directions mixed up :)?

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Hello BP!

I watched the latest 90 day challenge yesterday and we are gearing to make something happen. Thinking of the LEADS very important beginning of the funnel.. I've heard it talked about how some people find leads on CL by contacting the mom and pop investors.

In looking through quite a few listings: virtually every single one says not to contact them about unsolicited offers (concern #1) and then I have no idea how to determine which MF are mom and pop owned.

Those of you using CL to successfully get leads, how do you filter for the non-corp mf's?

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Houston, Texas

@Miguel Nava Hi Miguel, do you have an agent you're working with in Cleveland? We are interested in finding an agent.

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@Brian Garlington Hi Brian, we are interested in the mortgage lender you found. Can you DM me the info?

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@Brendan Smoluk Hi Brendan, we are also interested in this price point inventory in Cleveland. Are these in B or C+ neighborhoods?

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Originally posted by @Tim White:

@Jonathan Spaeth

I am an investor here in Huntsville. I have talked with @Zachary C. with Astro Property Managment at one of the REIA meetings here. They know the market very well.

Most of Huntsville is good for rentals as their is not much crime in the area as compared to many cities in the south around the same size. As far as areas to invest, I personally put my money to work in 35805 and 35758.

Hey Tim,

What areas of 35805 have been working well for you? Seems that is a low income area. I had it on my list and scratched it off lol.

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Originally posted by @Jason D.:

@Brandon Caldwell I'm working with a HML now that does 85% ltc and 100% rehab, 2.5 points, 11% interest. My last one one was 80% Ltv, 3 points, 10.5% interest

Hi Jason,

Is the LTC loan going to be as good as the LTV loan was? What numbers were your percentages based on ... ie what was the ARV on the ltv and what was your cost on the ltc (purchase only or purchase + repairs?)

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All Forum Posts by: Erin Elam

Erin Elam has started 44 posts and replied 336 times.

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