All Forum Posts by: Christopher Oyenuga

@Kendall Short that’s great. Thanks for providing the numbers.

Question: What was your mortgage note before and after the Refi? I ask this to see how the cashflow changes and to have a general idea on the amount that it will increase by. I just finished my renovation and will be able to Refi in 3 months.

Thanks for he help!

Chris Oyenuga

Hey Everyone!

My name is Christopher Oyenuga from Augusta, GA.

Have you heard that Augusta GA is ranked 12th home rental market in the Nation!

See Link: https://www.augustachronicle.com/business/20180331/home-rental-market-in-augusta-ranked-12th-in-nation

Join local real estate investors along with myself to discuss both high level and detailed topics focused on local real estate investing. This group is open to Newbies to Seasoned Investors, as we all have something to contribute and receive. The primary intent of this Meet up is to have monthly meetings with local investors and those who are not from Augusta. The time to invest in Augusta is NOW! We will have our first meeting on May 2nd at one of my current renovations! In the case that the property is sold or rented, we will meet at another location. Please feel free to reach out to me for further details and spread the word.

This is a free meet up.

Thanks and I look forward to seeing everyone next month!

Christopher Oyenuga

https://www.biggerpockets.com/forums/521/topics/695781-augusta-real-estate-investment-meet-up

Hey Everyone!

My name is Christopher Oyenuga and I'm a Real Estate Investor with Huntington Estates LLC in Augusta, GA.

Have you heard that Augusta GA is ranked 12th home rental market in the Nation!

See Link: https://www.augustachronicle.com/business/20180331/home-rental-market-in-augusta-ranked-12th-in-nation 

Join local real estate investors along with myself to discuss both high level and detailed topics focused on local real estate investing. This group is open to Newbies to Seasoned Investors, as we all have something to contribute and receive. The primary intent of this Meet up is to have monthly meetings with local investors and those who are not from Augusta. The time to invest in Augusta is NOW! We will have our first meeting on May 2nd at one of my current renovations! In the case that the property is sold or rented, we will meet at another location. Please feel free to reach out to me for further details and spread the word.

This is a free meet up.

Thanks and I look forward to seeing everyone next month!

Christopher Oyenuga 

762.233.9762

Hows it going BP!?

I'm a buy and hold investor in Augusta, GA. Currently I have 3 single family home rental units .

Rental #1 Rented and cashflowing about $350/month (Not much equity in this one)

Rental #2 Bought as a wholesale deal for $40k, PUT ABOUT $15k into renovation and currently will appraise for about $75k 

-->Roughly 20k of equity

Rental #3 Bought off market for $50k requires approximately $15k for renovation and will have an ARV of about $130k

-->Roughly $65k of equity

My goal is to SCALE and not as worried about paying the properties off as quickly. Should I try and BRRRR both of them of just Rental #3?

Also, just confirming - I'll be able to refinance 75% of the properties ($56,250 and $97,500 respectively) correct?

Please Advise.

Thanks

CO

Hey there BP Fam, Quick 2 part question I’m looking to buy a property for about $25k that needs $10k for renovations (conservatively) and has an ARV of about $60k. Looking to BRRRR this one, which is my second rental purchase. 1) if I buy the house cash is there a way to get a Home equity line of credit - without having a lender? 2) What options are there to receive funding for the sale and renovation costs of a property, when the property is sale value is under $30k? Thanks for he support and BE GREAT! Christopher

Hey BP,

I'm currently showing my first rental property to a prospective tenant. I have decided to charge a $50 Application Fee. 

Two questions:

1) How should I check credit and criminal background (Service or Trusted Website)?

2) What should be included in my application? - Does anyone have a sample that I could use?

Thanks,

Chris Oyenuga

BP, Hows everyone doing? I’m in need of help rather quickly. Background: I’ve placed an offer on a 3-1 single family property in Georgia. I’m looking for creative financing to fund the property’s down payment. The down payment amount is about $12k total. I’d like to pay low or no money down to save capital for the next deal & perhaps a few small renovations. Current Situation: My offer has been accepted and I have 9 days of due diligence remaining. My Ask: Without reading “The Book on Investing in Real Estate with No (or Low) Money Down” YET... What are some methods/strategies to lower my upfront costs for the down payment, while not getting beat up on interest rates? Thanks for the support. Chris

Hey there everyone. I've been looking at the standard real estate websites for about 3 months and I either can't find deals or they all have multiple offers - at times resulting in a highest and best offer situation. I'm considering direct mail as I see many homes in the area with potential and would like to contact the owner. Can you please provide any support and advice for direct mail or other strategies of obtaining leads, before I head down the wrong path? Thanks in advance!

Chris Oyenuga

Hows it going BP? My name is Christopher and I'm a new resident of Augusta, GA by way of Washington D.C. I'm new to the real estate and would like to meet folks and discuss opportunities, resources and strategies for investing in the Augusta area. Thanks for your time and please feel free to reach out to me!

Best,

Christopher Oyenuga