Nationwide Children Hospital BRRR

[Ryan Mainwaring]

Investment Info:

Single-family residence buy & hold investment in Columbus.

Purchase price: $100,000
Cash invested: $15,000

Completely rehabbed the interior of a 2 bedroom and 1 bathroom single family home. Located south of Southern Orchards.

What made you interested in investing in this type of deal?

The area is improving and we wanted to help Columbus improve the downtown areas

How did you find this deal and how did you negotiate it?

We found this deal off the market and made a fair offer based on our numbers.

How did you finance this deal?

Traditional lending

How did you add value to the deal?

Pulled comps in the area

What was the outcome?

We are holding it as short term rental

Lessons learned? Challenges?

The property went according to plan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes we worked with Plaid Properties to rehab the property and Housepitality to manage our property

[Michael K Gallagher]

@Ryan Mainwaring congrats on the deal!  looks fantastic. We are in South of Main, just over 70 from from you, so very glad to see this happening in our backyard.  Do you have any idea of what you are trying to get for rent in the area?  I'm finding nicer fixed up properties in SOMA to be scarce so we are somewhat setting the rents ourselves at the moment. Would be curious to know what you are finding in your area.