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All Forum Posts by: Ed W.

Ed W. has started 15 posts and replied 261 times.

Post: Title and lean liability to end buyer

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Mike Stahlman

While you've received generally good advice above there are some - admittedly low probability - problems that could arise.  I'll point out a couple, there could be more.  I'm not an attorney but I'm a very experienced investor.  I may be dead wrong about the potential problems but my main point below is absolutely valid.

The fact that a title company will issue a policy does not mean the policy couldn't have exceptions that would give you less than complete coverage.  

I don't know Missouri law at all.  There is also a low possibility that when the deed TO the person you are buying from is recorded (it will be recorded prior in time to your deed) a problem could develop.  I'd want to know if Missouri law would allow an outstanding lien against the person you are buying from to be attached to the property prior to your deed being recorded.  I think most title companies know that and would check that but who knows.

You've demonstrated that you don't have the knowledge at this point in your career to deal with your contract or the title insurance.  I believe this situation screams for you to be represented by legal counsel knowledgeable with real estate contracts and law so you are sure of what your rights are and are not under the contract and sure that you will get good title or can walk.  The $300 or $400 (just a guesstimate) would be worth it to me. The possibility of an error that could cost tens of thousands is not worth gambling.  I know a young man who lost $50k on his first deal by trusting a seller and not using an attorney.

Post: Learning A New Market

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@RG Mulcihy

Welcome, RG.  If you check the meeting notice in the Networking Events forum of this site, there is a meeting at Tommy's Pizza in Dublin this Thursday and you will find the main speaker's topic will have some very helpful elements related to evaluating markets, not to mention it is a good opportunity to network with experienced investors who can be helpful as well.

Post: New Investor - Columbus Ohio

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Patrick Yuska

Welcome, Patrick.  See the meeting notice in the Networking Events forum of this site about the meeting at Tommy's this Thursday.  There are usually attorneys, agents, experienced investors, and others who can be helpful to new investors.  The topic to be presented by the main speaker will be very helpful as well.

Post: Any wholesalers in Columbus Ohio?

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Ryan Mainwaring

Hi Ryan, I wholesale some properties and there will other wholesalers attending a meeting this Thursday at Tommy's in Dublin.  See the meeting notice in the Networking Events forum of this site.

Post: Columbus, Ohio Investor and Landlord Meeting Thursday, Jan. 19th

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

Thanks for you interest, Joshua, that information is provided above - Sweet Tree Investments Inc. of Worthington.

Post: New to the forum, just wanted to introduce myself!

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Joshua Biondi "...and would love to make new friends, as well as potential contacts, with the same mindset"

A more complete description of the meeting @Sharon Seiter mentioned has been posted in the meeting forum.

Post: Columbus, Ohio Investor and Landlord Meeting Thursday, Jan. 19th

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

On Thursday, January 19th, there will be a free meeting for experienced and newbie Investors, Landlords, Wholesalers and Flippers at Tommy's Pizza on Dublin-Granville Road between Sawmill and Riverside. Tommy’s is attached to the western side of Oakland Nursery on the south side of Dublin-Granville. The meeting starts at 6:00 PM.

You can arrive and leave at any time but the general agenda of the evening and approximate times will be:

6:00 PM - 7:00 PM: Q&A (helpful for newbies and for experienced investors with difficult problems) - All questions related to real estate are welcome – buying, controlling, and selling properties (for rental, flip, wholesale, etc.); due diligence; rental issues like management, tenant screening, maintenance, pest control; financing (both traditional and creative); marketing; rehabbing; asset protection, and whatever else you want to know about that’s real estate related – it’s all fair game.

7:00 PM: the featured speaker, Kevin Noesner, will deliver a PowerPoint presentation and discuss over 30 websites that can help you in your real estate business. The internet can make our professional lives much easier, more productive, and more profitable and Kevin is a very tech savvy, experienced investor of 20 years who has purchased and rehabbed and now owns and manages many units in Columbus Metro.

8:00 PM – 10:00 PM: Networking - there’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, wholesalers, contract-assignors, flippers, rehabbers, contractors, lenders, newbies, etc.

As stated above, except for any food or drink you happen to order, there is no charge to attend. Attendance is usually around 35 - 55. This group has been meeting for years and attracts attendees from Columbus and all over Central Ohio.

The meeting has always been very long on content and very short on “pitches” (typically less than 15 or 20 minutes including a mention of the services of the sponsor).

Our goal is to educate about the business of real estate and how to conduct business in a fair, lawful and ethical manner as well as create an opportunity for networking.

If you have real property to sell or want to let attendees know the types of properties you are looking for, you can bring fliers and place them on a table after they have been reviewed and approved.

If you have a product or service or investment (other than real property) you want to promote, you MUST submit marketing material for those products, services, and/or investments for approval no later than 48 hours before the scheduled date and time of the meeting.

Please note that Sweet Tree Investments Inc. reserves the right to remove flyers and prohibit activities it, in its sole and absolute determination, deems inappropriate.

DISCLAIMER: Sweet Tree Investments Inc., an Ohio corporation located in Worthington, is the sponsor that hosts the meeting. Sweet Tree does NOT pre-qualify, evaluate, endorse, guarantee or warranty any deal, offering, service, company, entity, or person and strongly recommends that you perform thorough due diligence and seek appropriate legal, accounting, inspection, and other professional advice, evaluation, and oversight before signing any documents; entering into any contracts, agreements or commitments; and before transferring any money or giving any person or entity anything of value.

TOMMY’S PIZZA provides the room to us as a courtesy in anticipation of food and beverage sales. You are not obligated to buy food or beverages but it would certainly be a nice gesture if you did so. A gratuity is added to your bill to take care of the server(s). You CANNOT bring in any outside food or beverages.

Looking forward to seeing you at the meeting.

Post: New to investing in Columbus

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Ben Kraft    "I want to do some networking in Columbus..."

There is a free meeting Thursday, January 19th for experienced and newbie Investors, Landlords, Wholesalers and Flippers at Tommy's Pizza on Dublin-Granville between Sawmill and Riverside. Tommy’s is attached to the western side of Oakland Nursery. The meeting starts at 6:00 PM.

You can arrive at any time but from 6:00 - 7:00 PM they'll have a Q&A which is very helpful for newbies and for experienced investors with tough problems. Around 7 PM a featured speaker will discuss over 30 websites that can help you in your real estate business.

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.

This meeting is a very good opportunity for networking and to meet people active on BP (and those who don't use BP). While not an official BP meetup, you can accomplish the same goals.

Networking will start a little after 8 and the room will be available for networking till about 10.

As stated above, except for any food or drink you happen to order, there is no charge to attend. Attendance is usually around 35 - 55. This group has been meeting for years and attracts attendees from all over Central Ohio. 

Post: Investor in Columbus, OH

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Andrew Pence

@Andrew Pence   "I'd like to network..."

There is a free meeting Thursday, January 19th for experienced and newbie Investors, Landlords, Wholesalers and Flippers at Tommy's Pizza on Dublin-Granville between Sawmill and Riverside. Tommy’s is attached to the western side of Oakland Nursery. The meeting starts at 6:00 PM.

You can arrive at any time but from 6:00 - 7:00 PM they'll have a Q&A which is very helpful for newbies and for experienced investors with tough problems. Around 7 PM a featured speaker will discuss over 30 websites that can help you in your real estate business.

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.

This meeting is a very good opportunity for networking and to meet people active on BP (and those who don't use BP). While not an official BP meetup, you can accomplish the same goals.

Networking will start a little after 8 and the room will be available for networking till about 10.

As stated above, except for any food or drink you happen to order, there is no charge to attend. Attendance is usually around 35 - 55. This group has been meeting for years and attracts attendees from all over Central Ohio. 

Post: Meeting Places in Columbus, Ohio

Ed W.Posted
  • Investor / Landlord
  • Columbus, OH
  • Posts 275
  • Votes 174

@Maurice Colbert Meeting Thursday Jan. 19th at Tommy's Pizza on Dublin-Granville between 6 and 9 PM.  6 - 7 is Q&A for newbies and to deal with difficult problems for more experienced investors.  Speaker at 7 PM.  Networking at about 8 PM.  This is a free meeting, no charge to attend.   Tommy's is on the south side of 161 right next to the Oakland Nursery.