All Forum Posts by: Catherine W.

My husband and I are interested in a property that needs a complete rehab. It's a brick duplex (listed multi-family) that has been converted to a single family layout. The inside has been gutted down to the brick, subfloors removed, etc. so it's a complete interior rebuild. Looking for lenders who are willing to lend on this type of property.

Please send me a message if you can help.

Thanks!

Catherine

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Looking for a good title agency in Columbus (Ohio) to close on a Duplex and also give me some absentee owner lists. If you have any recommendation please chim in.

Thanks

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Originally posted by :

Was in a rush this morning

2786 Soldiers Home West Car Rd Dayton, OH 45417

It’s a great property that sits on 3 acres in Jefferson Township. We are asking 135, 000 or best offer but the property needs some work. It’s 5 bedrooms and 3 full baths with a half bath that is used as a storage room. The property is 3,896 sq. ft. The master bedroom and bath (20x15) on the top floor along with 2 bedrooms (14x12) and (10x12). On the second floor you have the entryway, kitchen, family room with a dinette and formal living and dining area. The property has a 2 car garage. On the split tri level you have 2 additional bedrooms and a full bath along with a media room. The basement is currently unfinished and the full length of the house. The property is currently occupied. The price is reduced by 30%. We have recently done plumbing, electrical and installed a new kitchen floor.

Purchase Price $110,000

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Cousin is selling her rental ! Wants out immediately. ! Message for more details.

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Originally posted by @Elizabeth Colegrove:

How many houses do you have?

I have had mortgage brokers willing for 15-20% as long as you are under 4 loans. Fanny/Freddie allows for 15% under 4. They don't allow for it above ;(

The lender said since it's a double they require 25%

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We only have two properties both in my name.

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Were in Columbus Ohio in contract on a double and just wanted to see if anyone knew of a bank that would lend on a double for less than 25% down. We have about 40k in cash but will need to pull from a HELOC for the extra which we'd rather not do. If anyone knows of someone please chime in. Thank you.

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We are in Columbus and didn't think it was a tourist destination at all but we live in the best neighborhood and can walk to many bars and restaurants. Turns out people come for much more than just the events at the convention center. Its not considered passive income so there are tax implications that come with that. You also need to treat it like a hotel and provide as much or more than they do. Create a things to do booklet for the guest. Have comfy linens and towels. Price yourself as a value alternative to the hotel so if a one bed is 150 a night yours should reflect a value alternative. Such as 3 bedrooms for 250 or something like that.

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sent a message for more details. I'm not making money on this this is just for my cousin! She is highly motivated to dump this property.

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This is my cousins property I'm not profiting off the sale. Just want to help her out. She really wants to sell. It was appraised for 180K . Asking 134K but would take 115K !

http://dayton.rapmls.com/scripts/mgrqispi.dll?APPNAME=Dayton&PRGNAME=MLSLogin&ARGUMENT=xWHMEkDOPG9tZRRcK1k3YtxGUUnLdfzGWPosLDyX8P8%3D&KeyRid=1&Include_Search_Criteria=&CurrentSID=171414278&MLS_Origin=DTON

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All Forum Posts by: Catherine W.

Catherine W. has started 16 posts and replied 52 times.

Post: Seeking Financing for Duplex Renovation

Post: Does anyone recommend a title agency in Columbus

Post: Dayton Ohio Single selling for 65% of Appraised Value

Post: Dayton Ohio Single selling for 65% of Appraised Value

Post: Any Banks offering mortgages less than 25% down on a Double

Post: Any Banks offering mortgages less than 25% down on a Double

Post: Any Banks offering mortgages less than 25% down on a Double

Post: Airbnb.com Who has used it? Good idea or Nah?

Post: Dayton Ohio Single selling for 65% of Appraised Value

Post: Priced to Sell Fixer Upper in Dayton Ohio