All Forum Posts by: Dustin Faeth

We just picked up a great home from Sheriffs Auction located in the charming and desirable Clintonville area of Columbus, Ohio for our next rehab project (our 13th this year). This is a mostly cosmetic upgrade, as the home already has a newer roof and windows, mechanicals in good condition, and great structure. We will be refinishing the original hardwood floors on the lower level (huge selling feature in this area) and putting our main focus on updating the kitchens and bathrooms, with standard cosmetic upgrades throughout the rest of the house. Houses in this Clintonville area are selling quickly and for top dollar making this another great project for our experienced team!

·ARV: $220,000

·Repair Estimate: $40,000

·Purchase Price: $121,000

·Estimated Closing/Holding Costs: $5,000

·Total Funding Requested: $166,000

·Total Estimated Hold Time – 3 Months

Please send me a private message if you are interested in being a part of this deal, and I will provide all supporting documents and we can negotiate terms for your return! Thanks

Dustin

Good work John! That is a great area and difficult to find any deals down there so congrats!

Hello BP!

My team has another great rehab project under contract in Columbus, Ohio (our 13th of the year) and we are seeking a private lender to help us fund the project in exchange for a great return. Closing date is scheduled for 5/30/14 so we need to act fast!!

This property is located in a HOT area of Columbus (Clintonville) where properties are selling as soon as they hit the market and for top dollar. Below is a summary of the numbers on this one:

ARV: $350,000

Purchase Price: $220,000

Rehab Cost: $48,000

Holding & Contingency Costs: $5,000

Total Funds Needed for Project: $273,000

Estimated Total Hold Time: 3 Months (from purchase to resell)

If you are interested in working with our experienced team on this deal, please message me with your contact info and I will send you the full property package with all supporting information (CMA, repair estimate, property card, etc.) and we can discuss terms. Thanks!

Dustin

Hello BP!

My company in Columbus, OH has another rehab project under contract and we are looking for a private lender who wants to work with our experienced rehab team, and help fund this project in exchange for a secure investment and solid return on your money. Below are the quick numbers:

ARV: $220,000

Purchase Price: $121,000

Rehab Cost: $39,000

Holding Costs & Contingencies: $10,000

Total Investment: $170,000

Estimated Hold Time: 3 Months

Your Interest Earned for 3 Month Hold: $5,100 (Based on 12% return - earn an additional $1,700 per month over this estimated 3 month hold)

***I have all supporting documents for this deal (Deal Analyzer, Repair Estimate, CMA, Property Card w/ Pictures) so please contact me by private message here on BP if you have any questions or if you would like more info. Thanks!

Dustin

Hello BP!

Our real estate company in Columbus, OH just put 4 great new properties under contract in the past week! We are seeking private lender(s) to help us fund these deals with our experienced rehab team, and make a great return on their investment. Below are details on the nearest scheduled property to close on May 8, and I can send details on the others to anyone interested:

ARV: $119,000 (we have comps supporting this value)
Purchase Price: $50,900
Repair Cost: $30,000
Holding & Closing Costs: $5,000 (closing costs, taxes, insurance, utilities, contingency, etc.)
Total Investment: $85,900

Please contact me by private message if you are interested and would like to discuss details and terms of the project. I also have a CMA supporting the ARV of the property, as well as pictures, repair estimate, etc. Thanks!

Dustin

We just put another great rehab property under contract in Columbus, Ohio (our 7th project for 2014) and looking for a private lender who wants to fund this deal in exchange for a nice return on their investment - the investment will be secured with a recorded mortgage and first lien against the property. Below are the details on this property:

ARV: $110,000 (we have comps supporting this value)

Purchase Price: $40,900

Repair Cost: $32,000

Holding & Closing Costs: $5,000 (closing costs, taxes, insurance, utilities, etc.)

Total Investment: $77,900

Please contact me by private message if you are interested and would like to discuss details and terms of the project. I also have a CMA supporting the ARV of the property, as well as pictures, etc. Thanks!

Dustin

Don't miss out on this opportunity to add a great rental property to your rental portfolio, bringing you a Net ROI of 15% after rehab cost, annual property expenses, property management fees, etc. This property has a detached 2-car garage, and a large fenced in front yard. Also, all neighboring houses on the street are occupied and in good shape, including a newly built home next door. Electric has been updated, and mechanicals (including central AC), roof, and structure are all in great shape - minor cosmetic repairs of $3,500 will have this property rent-ready. Refrigerator stays with property as well. Home is located close to Linden McKinley.

1456 E. Blake Ave. Columbus, OH 43211 (Click Here)

Asking Price: $25,000 CASH

Estimated Repair Cost: $3,500

Total Investment: $28,500

Monthly Rental Income: $600

Monthly Expenses: $231.92

Positive Monthly Cash Flow: $368.08

Net ROI (after expenses): 15% **See attached Cap Rate Calculator for breakdown

CLICK HERE FOR PICTURES AND MORE INFO ON PROPERTY

Please call Dustin at 614-725-7594 or send me a message here on BP if you are interested.

Don't miss out on this opportunity to add a great 3 bedroom house in Columbus, OH to your rental portfolio. Click this link for the Postlets ad with all pictures and added information on this property: CLICK HERE FOR PICTURES AND MORE INFO

Asking Price: $35,000 CASH

Estimated Repair Cost: $6,500 (verified by contractor quote)

Total Investment: $41,500

Monthly Rental Income: $800

Monthly Expenses: $292.50 (includes taxes, insurance, property management, maintenance, etc.)

Positive Monthly Cash Flow: $507.50 (includes property management fees)

Net ROI (after expenses): 15%

Hi @Steve Baldwin what type of property are you looking for on the North side?

We are currently in contract and set to close this Friday 3/28/14 on a great home located in a very hot suburb of Columbus (Hilliard) where properties are selling FAST and for TOP DOLLAR.. ARV on this property is $250K (very conservative based on comps) and we are seeking 70% LTV for a total of $175K in private lender funds for this deal, and the loan will be secured by first lien on the property.

Please contact me here on BP or by phone or email (614-725-7594 / [email protected]) and we can discuss details and terms. I have a CMA on the property supporting our ARV, and other details on this deal I can provide. Thanks!!

Dustin