All Forum Posts by: BJ Everson

Can you tell your HML that you plan to submit your offer on the property 2-3 days from now so they can order their inspector?

Other risks is that you get your offer accepted but due to valuation by the HML they could say no and you now have a contract you need to execute with no financing in place. Or the HML might not provide enough for the rehab and you dont have the $$ to cover the rest yourself.

I've done both (had potential tenants go through pre/post rehab completion) and had mixed results. I waited till the rehab was mostly complete so the tenants could see what they were getting as far as a finished product goes. With that, doing showings was easier for me as my contractor would be there working and would let them in to take a look around. All things considered, it worked out fine. 

I have also waited for completion and didnt get a qualified tenant for 30-60 days, leaving me with that as vacancy costs and that hurt. 

I believe ReCasa Financial does business in IN like they do here in OH. Message me if you would like to get a direct contact there. 

I've been heavily involved in the OZ program and think it'll help inject capital into the areas that need it most. You have to have capital gains that you are looking to avoid/defer paying in order to benefit from the program. So this really isn't a beneficial program for the normal REI. If, however, you have a portfolio or large multi-unit you are looking to sell then this would be a great program for you to get into.

Please DM me if you would like further details. 

I've been heavily involved in the OZ program and think it'll help inject capital into the areas that need it most. You have to have capital gains that you are looking to avoid/defer paying in order to benefit from the program. So this really isn't a beneficial program for the normal REI. If, however, you have a portfolio or large multi-unit you are looking to sell then this would be a great program for you to get into.

Please DM me if you would like further details. 

I've been heavily involved in the OZ program and think it'll help inject capital into the areas that need it most. You have to have capital gains that you are looking to avoid/defer paying in order to benefit from the program. So this really isn't a beneficial program for the normal REI. If, however, you have a portfolio or large multi-unit you are looking to sell then this would be a great program for you to get into.

Please DM me if you would like further details. 

@Brandon Sturgill @Mason Traylor First mention of Opportunity Zones Ive seen on BP! I've been heavily involved with the OZ program and it should make pretty large movements in low-income areas in the years to come. The reason for the slow start is that the IRS finally released further guidance on the program in late Oct/early Nov. And even that still needs further clarification. But I have been looking into OZ areas to be ready for the influx of investment that it will bring. 

@Mason Traylor Something to take note of is that Franklinton is divided into East and West with US315 being the divider. East Franklinton (closer to dtown) is where all of the development is taking place and as of now pretty difficult to get any real estate in this area as all the big developers in Cbus have bought up much of the parcels. 

West Franklinton is still in rough shape and this area also butts up to the Hilltop which is one of the worst areas in Cbus. It will be interesting to see if the new development of East can jump US315 and Mt Carmel is updating their campus right there, but at the same time moving most of the jobs to their new campus in Grove City. 

So be careful in where you buy if you are considering.  

All you guys did was jack my discussion to snipe my leads lol

My contractor moved out of state earlier this year and he has been very difficult to replace. Does anyone have a general contractor to refer that can handle full renovations?