All Forum Posts by: Timothy Brubaker

Thanks for your input very informative. Seems like it will be hard to find an investor to buy it. I had a few questions on your comments. What does RMLO and UPB mean?

I have a house worth somewhere around 140-160 in a great neighborhood. I definitely want it sold. I need the cash to continue investing. 

So far I have no active people interested in purchasing it through a lender. I do however have a couple people interested in buying it through seller financing. They want something like 10% down and 5-6% interest over 30 years. I was reading a little on note investing and am not sure how feasible it is. Should I sell it owner financing and then try to sell the note to liquidate my equity? Do note investors want to buy notes like these or just non performing notes at a discount?

I have a house In Akron Ohio for sale. It is currently rented to tenants who have been faithfully paying on time for over a year. I am trying to come up with a down payment for a multi unit property and am trying to get rid of this. The address is 1392 Hart st Akron OH. Taxes are around 800 a year and insurance around 75 a month. Rent is currently 550 a month.

I am interested in more information.

Hi everyone I found a deal with over 1,100 units such would gross over 600,000 a month! It is around 83% occupied. I would love to jump on this deal however it would be way to much for me to jump into. There is no set offer must submit your own.

 There is additional information but I do not want to give it out free. I would like a finders fee of $100,000 if after I gave you the information you were to go ahead and purchase it. If not no worries I will just have to trust you.

Would you be interested in a 9 unit in Akron Ohio that should gross 46800 a year? 4 2 bed units 4 1 bed units 1 efficiency. 8 Units recently remodeled. taxes 5,000 a year water bill about 250 a month gas is about 60 a month tenants pay electric.

I would have him start a LLC with you as the manager of the LLC. That way he can put money in the LLC and you can buy houses for him in it.

What I have done is get loans in my name and put the money in the LLC. Yes I am liable for the money still however the property I buy in the LLC is not. I like buying in my own name in good areas and buying the more risky areas in my LLC. They bank did give me a credit card for my LLC and used gave me the same balance my current credit card had which was nice.

I work In Akron Ohio 44305 and surrounding areas. I feel I could get 2-4 a month if I didn't have to worry about how to finance the house and any repairs. Right now I have only been getting 3-5 a year mainly due to financing. 

Would you do this in Ohio?