All Forum Posts by: David Hickey

Hey guys im a newbie, and saving money to get into real estate flipping. I have a low 600's score and completing my second year of work history to qualify for a loan, i wanted to ask this comunity for some guidance. should i pay 1k to fix my credit with a credit repair company who may help me settle and pay off debt from my earlier 20's or save that cash and learn how to make more money and find a way to start flipping homes once my 2 years of work history are complete. Loan officers tell me that it’s vital for me to have a solid 2 years of continues work history for a loan. Should i be focusing on creative financing and not even worry about credit?

I would work on improving your credit score. It makes it a lot easier to qualify for financing and get better rates.

4 Votes

Austin, Texas

Quote from @John Henry:

There is a property in Sugar Grove, OH, right off 33, next to a large river. It would be ideal for a canoe livery since there is so much traffic on 33 and its become a huge tourist area due to hocking hills being 15 mins south of this town. There are two separate living spaces. One with 1 or 2 beds and 1 bathroom and the other with 3 bedrooms and 1 bathroom. There are tenants on month to month. We walked the property and a lot needs to be done. It’s been on the market for 60 days. How do I find out why investors are not biting. Seller agent said there is no flood insurance. Mayor and zoning inspector will get back to me on more information after Sunday council meeting about permits. What am I missing? How do I dig deeper on finding more information about the property and owner? I've checked the property auditor, googled the owner(s). Will I buy it? I'm leaning more towards no at the moment but I want to learn what to look for when buying properties especially when its been in the market for so long.

Good question. I would guess it is priced too high, or the seller is not willing to negotiate on price. Maybe there is less competition for that type of property as well so there are fewer eyes on the property.

1 Vote

Columbus, Ohio

Thank you for hosting a fun event!

0 Votes

Columbus, Ohio

Anyone worried about the interstate bisecting Milo-Grogan? That's what stood out to me the most when I drove through. It did seem like a nice rental area.

0 Votes

Columbus, Ohio

Thank you!

Quote from @Alfath Ahmed:

The Columbus market is great for both new and seasoned real estate investors. I had my personal start here and plan on growing my portfolio here. Columbus is an appreciation focused market which means that you can throw a dart anywhere and can expect that property to grow in value. However, like all major appreciating cities, there are certain parts of towns that I would choose to invest in over other towns.

My personal favorite(s) are: (Save this)

- Old North

- Old Town East/King-Lincoln Bronze Ville

- Merion Village

- North Linden

- Hungarian Village

- Bexley

- North Hilltop

These are all of the areas that we can expect strong appreciation based on market trends and analytics. These are all B/B+ areas that will soon turn to become A-areas. Here is a map that a couple of my guys in my brokerage and I have developed. It shows you the different parts of town that area rated based on appreciation and rent growth. Make sure to locate the Columbus map and locate all of the areas above that I mentioned.