Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: David Lucas

David Lucas has started 20 posts and replied 59 times.

Post: Just bought a 18 unit for $12,581.36 in Ohio

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Congrats Omar!

Post: 1st Buy and Hold Rental Property in Columbus OH

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Good luck Ryan! Columbus is a great market to invest for single family and multi-family. It sounds like you did your homework, I like the numbers in your economic model. Your reserves are spot on. 

Best,
David

Post: Fannie Mae Cash Out Refinance (Acquisition + Renovation Costs)

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Thanks Upen.

Post: Fannie Mae Cash Out Refinance (Acquisition + Renovation Costs)

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Thanks Josh.

Post: Fannie Mae Cash Out Refinance (Acquisition + Renovation Costs)

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Hello BP - 

I am planning to refinance one of my rentals, I paid cash for the home, and I've been told by one mortgage broker that I can refi 70% of the acquisition price + 70% of all documented renovations. Just wondering if the latter is indeed true—refi'ing the renovations as well? I was told that it's a Fannie Mae product for investors with less than 9 properties. I just want to ensure that this type of refi/renovation product does indeed exist as time is of the essence. 

Many thanks,

David

Post: Newbie Seeking Advice on 4 Unit Insurance - Columbus, OH

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

@Mikael Winkler I can vouch for Sean. Take him up on his offer. Good luck!

-David

Post: Buy and Hold in Columbus, Ohio

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Hey Michael - 

I've been invested in Columbus since '14. Happy to share my experiences with you. Shoot me an email if you have any questions, I'll happily carve out some time for a phone call or something.

Good luck!

David

Post: Property Management Companies in Columbus, Ohio

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Jason - In addition, to Dave and Peter, you can also try Donny Thompson at ERA Realty in Grove City. He's fantastic. Good luck!

Post: Property Mgmt Companies in Columbus, OH

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Congrats David. Try Donny Thompson, ERA Real Estate. My first property manager cost me thousands in vacancy losses. Donny came in and made everything right. 

Post: I Need multifamily insurance in Columbus, Oh.

David LucasPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 63
  • Votes 9

Hi Sean - Have you tried StateFarm or Farmers Insurance?

Best,

David