All Forum Posts by: Dustin Faeth

I've completed several condo conversions here in Columbus and the attorney fees were around $5k, plus you need to hire a survey company to provide you with a condo survey, and you will also need to hire an architect to draw up the final layout and measurements of the interior....both of these documents from the surveyor and architect will then become part of your HOA condo docs. So your all in costs for the condo conversion will probably end up costing you close to $10k

Thanks Rob! 

Thanks Remington!  We are finalizing our walk thru inspections on several new deals early this week and then we'll be reaching out to buyers later this week.  Stay tuned!  

Despite all this craziness going on right now, COLUMBUS OHIO remains one of the hottest real estate markets to buy investment properties!! With all the uncertainty in the stock market, right now is GREAT time to invest in a tangible asset (REAL ESTATE) and get your hands on wholesale off market properties at a fraction of the market value. WE HAVE THE DEALS FOR YOU so if you are looking to buy or want to see the deals we have available, take a quick minute and FILL OUT THIS SHORT FORM so we know what you're looking for and we'll start sending deals your way!

CLICK HERE: https://podio.com/webforms/230...

Welcome to BP Tyler! I'm a local investor here in Columbus as well

@Steven J. Umaña Worthington is another great school district with areas that have Columbus taxes but within the Worthington school district.  I actually just purchased a property in this area that I will be rehabbing and flipping over the next few months.  Property is located on Brookdown Drive, Columbus, OH 43235 to give you an idea of the area.

I had a local company contact me this week about direct mail marketing fulfillment.  Waiting on a proposal back from him any day now.  Below is his info:

Kyle Paugh

Account Executive
PXPOHIO | Commercial Printing

6800 Tussing Road
Reynoldsburg, OH 43068

Hey BP,

We are currently selling off a few of our single family rentals here in Columbus, OH to free up some capital for upcoming purchases.  These properties have already been renovated and have good tenants and property management in place so they will be turnkey rentals for the buyer.  Below is a brief summary for each property, so PM me if you are interested in obtaining additional information and photos for any of these properties.  **CURB OFFERS ONLY - DO NOT DISTURB TENANTS

2086 Pepper St.

• 4 Bed, 1.5 baths, 1307sf, built in 1975
• Rented for $1200/month
• Annual Taxes:  $1493.78
• Annual Insurance:  $505.44
• Asking Price:  $110,000

30 S. Eureka Ave.

• 4 Bed, 1 bath, 1416sf, built in 1920
• Rented for $750/month
• Annual Taxes:  $827.48
• Annual Insurance:  $384.48
• Asking Price:  $55,000

2016 Lamont Ave.

• 2 Bed, 1 bath, 664sf, built in 1953
• Rented for $650/month
• Annual Taxes:  $1033.10
• Annual Insurance:  $344.28
• Asking Price:  $55,000

Hey Christian, you can connect with @Joshua Dawson here on BP.  He primarily works with investors and does a great job.  He's already helped me purchase a couple solid deals here in 2017.  Best of luck!

Hey BP,

I'm currently in contract to purchase a package of 7 fully occupied, cash flowing duplexes in Columbus, Ohio, and I'm seeking a financial partner for this deal.  

This is an off market deal and the current owner has been self managing these for the past 12 years but getting too old and having some health issues so she's ready to sell.  

There is a lot of upside with this deal to increase rents along with a huge potential for appreciation of property values in this area over the next several years based on location.  Current Gross Monthly Rent is $7,885 ($94,620 Gross Annual Rent), and based on market rents in this area I estimate rents can be increased an average of 30% - 40% overall.  

I'm currently in contract at a purchase price of $575K, with a scheduled closing date of 4/5/17.  If you are interested in being a financial partner on this deal, please send me a message and I can send you more info or jump on a call to discuss details, terms, etc.