All Forum Posts by: Clay Boykin

@Alfred Amponsah I have a list of GC's that I can provide you. They seem to get flips done reasonably fast. Based in Columbus, OH. 

@Jose Valdez As everyone else has said on the thread. $20-$30/person is usually the range. 

@Isaiah J Aragon You really broke down each market. Nice going. Although, I wouldn't rely on Zillow too much but your price points are spot on as far as BRRRR's. What 20 states are you considering? Also, I get taking into consideration natural disasters but why exclude those states? What rent laws are you talking about? I think when you make things more difficult that's when more obstacles occur, but on the other side of that I get it. Investing can seem huge, but the simpler the better. Happy Investing!

@Clayton Vozzella Liz Lawrence is great for helping you finance deals. I have talked to her a few times. Where is this deal? What sub-market? Also, I would like to know why you chose cash over hard money or even OPM. Its great to find the two developments on one plot, that is rare around Columbus. I would like to hear what you have next in the works. Happy Investing!

@John Do Most of my investors rely on me to minimize the competition. Since bids like this can happen it is important to talk with the host of the silent bid/offer process in order to get insight on other investors/cash buyers. Usually you should come in with a game plane as far as biding prices and check in contract. The more info the better in these cases. What was your escalation clause price increments? 500? 1,000? I am curious to know. Moving forward I would just network with other cash buyers and as well as your agent/property host. Some cash buyers put 10% down if they know it is going to be a heavy rehab/mid-range. I would say having 50k in cash reserves is a good start for dabbling in the market. Specifically Columbus. What market are you currently investing in? Let me know, Happy Investing!

@Tonye Jack What type of loan are you looking for? Are you using conventional or Hard Money. I would suggest you use Hard Money due to the terms and the low rates that lenders offer. I am curious to know also your purchase price on that deal? Happy Investing!

@Linzey Ledesma OOS investing is a trend in itself. I think technology makes it easier but anyway, I would suggest the Columbus market. Most investors are classifying specific sub-markets for certain investment strategies. Sub-markets such as Hilltop, Franklinton, Westgate, or even Southern Orchards are prime flip areas (SFH or Duplex's). As far as buy and holds or STR's go, anywhere around Columbus is okay. I would say the best areas long term holds would be Southern Orchards, Campus, Corporate Housing/Children's hospital, or even Wilshire Heights. For newbie investors, I am noticing most flip their first 1 or 2, then purchasing a STR after that. Again, it all comes down to your long term goals. Once you have that 5 or 10 year goal break that all the way down to the investment strategy. Happy Investing!

@Zac Lindquist That's a interesting outlook as well as a good questions. Columbus has a prime flip/hold market in the residential game due to the types of homes in the area. Most of theses deals come in two ways. Off market or tossed around on the MLS. There are a lot of wholesalers in Columbus, as well as any other market. But, when wholesalers daisy chain properties it enables off market sources to stand out. If you take the MLS deals out of the picture, these off market properties are early 1900's, diverse in regards to investment strategies, and they meet the $150-$200 a door. As long as your sub market is narrowed down and your team is on the same page, there is no reason that a deal in Columbus will not make you at least 20-30K. Feel free to reach out to me if you have any questions. Either way, Happy Investing!

@Ben Ezequiel Wholesalers are more typically selling 1-4 units. Mostly 1-2 units. That way they receive more volume (since that's how they make most of their profit). I would find more of a commercial/multifamily agent to help assist you in finding those deals. These deals don't particularly pop up in the off-market as much. Reach out to me if you have any questions moving forward. Either way, Happy Investing!

@Joe Chillinsky I see this post was made 1 year ago. The Short North area has excelled drasticly in the last year, as well as the areas around it. Airbnb's have branched off from the short north area as well. They are hot in Whitehall, Campus, German Village, Grandview, Southern Orchards, etc. I don't see them falling off either. With Columbus growing it should only rise. If you are in need of finding flips, airbnb's, or holds reach out to me. I can assist with questions or properties. Either way, Happy Investing!