Columbus, OH Target Return

[Dave Brinkman]

Curious to check my target rate of return with other investors in Columbus, OH on buy and hold properties. Assuming rental income of $700 - $850 per unit within multi-families and roughly $1,500 in 3 bedroom / 2 bath SFR - I am targeting 10-15% cash on cash returns with cap rates of 7-9% as well. Does this align with other investors' targets and thoughts on achieving this in current market conditions? Thanks in advance.

[John Horner]

We pay cash for purchase and rehab then refinance them out.  We are refinancing 5 to 8 at a time right now as we get them turned over and leased.

Yes I have some local banks that will help you, even some that will refi based on straight LTV with no seasoning.

PM me and I and give you some info!