I want to get to know the private money lenders.

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I want to get to know the private money lenders.

Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes

Hey there, I'm Seth Baumgartner, 28 years old and working for SpaceX. I was hoping to get to know people interested in helping individuals like me invest into rentals.

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Scott AllenBusiness Member

Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes

@Seth Baumgartner

Identify your market and build your core four. Let me know if you have any questions about Columbus, OH!

[email protected]614-698-1227

Reafco - Columbus, OH

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Scott AllenBusiness Member
Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
4y
@Seth Baumgartner
Identify your market and build your core four. Let me know if you have any questions about Columbus, OH!
[email protected]614-698-1227
Reafco - Columbus, OH
Website View Page
4 Reply
Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
4y
Quote from @Seth Baumgartner:

Hey there, I'm Seth Baumgartner, 28 years old and working for SpaceX. I was hoping to get to know people interested in helping individuals like me invest into rentals.

Is investing locally an option for you?
[email protected]614-541-8475 Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
Reafco512 Reviews
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3 Reply
Seth Baumgartner
OP
Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes
4y
@Remington Lyman Of course, currently I'm saving up my own money to do so, however I feel like I need to learn more about raising capital.
1 Reply
Seth Baumgartner
OP
Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes
4y
@Scott Allen I was actually looking in Dayton, Ohio for places to BRRRR.
1 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Seth Baumgartner:

Hey there, I'm Seth Baumgartner, 28 years old and working for SpaceX. I was hoping to get to know people interested in helping individuals like me invest into rentals.
What kind of help are you looking for? Do you mean you want partners? Do you want advice?
1 Reply
Seth Baumgartner
OP
Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes
4y
@Steven Wilson Advice would be very much appreciated, but I won't turn down a good partner if I happen to find someone.
0 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Seth Baumgartner:

@Steven Wilson Advice would be very much appreciated, but I won't turn down a good partner if I happen to find someone.

What kind of advice?
When I got started investing my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,200/month in cash flow.

Get started and it will be only good things for your future!

1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
Quote from @Steven Foster Wilson:

Quote from @Seth Baumgartner:

@Steven Wilson Advice would be very much appreciated, but I won't turn down a good partner if I happen to find someone.

What kind of advice?
When I got started investing my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,200/month in cash flow.

Get started and it will be only good things for your future!

Exactly the first thing he should do is do exactly what you did.. buy a duplex with an FHA loan or VA loan live in one side rent the other.. once you have that established .. then start to look at other properties..
Podcast Guest on Show #222
JLH Capital Partners51 Review
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2 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Quote from @Seth Baumgartner:

@Steven Wilson Advice would be very much appreciated, but I won't turn down a good partner if I happen to find someone.

What kind of advice?
When I got started investing my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,200/month in cash flow.

Get started and it will be only good things for your future!

Exactly the first thing he should do is do exactly what you did.. buy a duplex with an FHA loan or VA loan live in one side rent the other.. once you have that established .. then start to look at other properties..

It has certainly done well for me. I have other friends that have decided to just rent and buy properties because their rental income can cover their mortgage, their rent, and still bring them passive $$$. I think it is all about the numbers, what you can afford and what is best for you at that time. I like to use this calculator in running my numbers https://www.calculator.net/ren....
0 Reply
Seth Baumgartner
OP
Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes
4y
@Steven Wilson exactly what I'd love to do, I'm saving up from my current job, but it's gonna be longer than I'd like before I can afford anything on my own.
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
Quote from @Steven Foster Wilson:

Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Quote from @Seth Baumgartner:

@Steven Wilson Advice would be very much appreciated, but I won't turn down a good partner if I happen to find someone.

What kind of advice?
When I got started investing my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,200/month in cash flow.

Get started and it will be only good things for your future!

Exactly the first thing he should do is do exactly what you did.. buy a duplex with an FHA loan or VA loan live in one side rent the other.. once you have that established .. then start to look at other properties..

It has certainly done well for me. I have other friends that have decided to just rent and buy properties because their rental income can cover their mortgage, their rent, and still bring them passive $$$. I think it is all about the numbers, what you can afford and what is best for you at that time. I like to use this calculator in running my numbers https://www.calculator.net/ren....

when i was loaning money to investors in Columbus that were selling BRRR model before BRRR was a coined term.. I looked at a bunch of the duplix's etc by Collage you speak of I remember one company put up brass plaques with I think the date of purchase I am sure they have done stunningly well the last 18 years since I first saw those.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
2 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Seth Baumgartner:

@Steven Wilson exactly what I'd love to do, I'm saving up from my current job, but it's gonna be longer than I'd like before I can afford anything on my own.

Ask your parents, aunts, uncles, etc. Just because you don't have money doesn't mean you can't do it!
0 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Are you still investing or loaning? Would love to connect or talk more.
0 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Seth Baumgartner:

@Steven Wilson exactly what I'd love to do, I'm saving up from my current job, but it's gonna be longer than I'd like before I can afford anything on my own.

Keep hustling. My wife picked up 3 jobs to help our RE get started. I was in school full time, doing our RE, and working part time. If you really want to make it happen then you can do it. Like the saying goes, "If there is a will there is a way."
1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
4y
Quote from @Steven Foster Wilson:

Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Are you still investing or loaning? Would love to connect or talk more.

Never stopped active in Cleveland Akron and Toledo.. just have not had anyone approach me from Columbus I enjoyed my time there and certainly think its a good market as Ohio goes. Having INtel move in is a big deal
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
1 Reply
Seth Baumgartner
OP
Rental Property Investor · Florida State, FL · Member since 2022 · 66 posts · 30 votes
4y
@Steven Wilson for sure, literally been working 24/7 for 5 months now.
0 Reply
Logan Williams
Real Estate Agent · Scottsdale, AZ · Member since 2022 · 11 posts · 16 votes
4y
I would recommend using the larger firms if this is something you are going to pursue long term, as they typically have more available reps that you can build a personal relation with and be ready to run numbers for you, even when they are out of the office.
0 Reply
Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
4y
I will trade you one of our private lenders for a free trip to the moon. DM me if interested.
Podcast Guest on Show #121
2 Reply
Simon Ashbaugh
Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
4y
I know of at least one lender here in Columbus Ohio that can finance at 0% down as an owner OC. really could just come down to doing your due diligence and checking all options. like @Steven Foster Wilson was saying, ask family, friends, and go into every bank, and lender you can find and ask what loan products they offer. hope this helps!
1 Reply
Steven Foster Wilson
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
4y
Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Quote from @Jay Hinrichs:

Quote from @Steven Foster Wilson:

Are you still investing or loaning? Would love to connect or talk more.

Never stopped active in Cleveland Akron and Toledo.. just have not had anyone approach me from Columbus I enjoyed my time there and certainly think its a good market as Ohio goes. Having INtel move in is a big deal

Just sent you a message. I would be happy to connect and talk more about the markets here.
0 Reply

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