All Forum Posts by: Davis Molnar

This purchase took place in 2021 and I financed through a credit union. The name of the credit union is called Directions Credit Union.

 This purchase was in 2021 and I financed my mortgage through a credit union.

Quote from @Engelo Rumora:

Quote from @Davis Molnar:

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $15,000

4-bed, 1-bath house near Univ. of Toledo, OH. Ideal for students with parents covering rent ($300/room). Potential for increased profit with new renters.

What made you interested in investing in this type of deal?

The location of the property in accordance to a University. Also, the house was listed at a good price point.

How did you finance this deal?

I financed through a conventional 15 year loan at a rate of 2.875%.

How did you add value to the deal?

I added value to the deal by painting all the rooms and furnishing it.

What was the outcome?

The property is still generating good cash flow and has around $70,000 in equity.

Nice numbers mate

Stopped buying East of UT a while ago.

Got super expensive and very quickly ehhh.

Those where the good old days when we could pick up a deal and almost spit on the UT for $20,000

What a great market Toledo was and still is.

Been shopping just a bit further East and still bargains to be found.

Homes are more grand and comparable sales are popping.

 The market in Toledo is very expensive currently. Do you expect the prices to keep increasing, or to level off?

 My loan was just through a credit union, but it was in 2021 before the covid pandemic.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $15,000

4-bed, 1-bath house near Univ. of Toledo, OH. Ideal for students with parents covering rent ($300/room). Potential for increased profit with new renters.

What made you interested in investing in this type of deal?

The location of the property in accordance to a University. Also, the house was listed at a good price point.

How did you finance this deal?

I financed through a conventional 15 year loan at a rate of 2.875%.

How did you add value to the deal?

I added value to the deal by painting all the rooms and furnishing it.

What was the outcome?

The property is still generating good cash flow and has around $70,000 in equity.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $15,000

Presenting a charming 4-bedroom, 1-bathroom residence situated in Toledo, Ohio, just a stone's throw away from the prestigious University of Toledo. This home is perfectly suited for students enrolled at the university, as it offers a secure and reliable accommodation option with the assurance that rent payments will be conveniently handled by their parents. Currently, each room is competitively priced at $300, and with the possibility of welcoming new tenants, there is potential for even greater profitability in the future.

What made you interested in investing in this type of deal?

The location of the property in accordance to a University. Also, the house was listed at a good price point.

How did you finance this deal?

I financed through a conventional 15 year loan at a rate of 2.875%.

How did you add value to the deal?

I added value to the deal by painting all the rooms and furnishing it.

What was the outcome?

The property is still generating good cash flow and has around $70,000 in equity.