All Forum Posts by: Dustan Marshall

@ Tim G. The property I did was is a sfh in lindenwald. You can read about it on my page I write few threads about it. I did not have to much rehab and it was a buy and hold (rental). I have lived in Hamilton all my life and it is certainly pocketed. So you will need go have good knowledge of which way a certain area is going if you are planning to invest here.

I really like trying to stay in entry level areas that are "C" or better. I usually try to do houses between 30-40k with less than 10k rehab.

always nice to hear from fellow buckeyes. I just did my first rental at the end of 2013. So I have fresh memories of the emotional rollercoaster you are going through. Good luck.

P.S. I would love to have a Ohio specific thread where we can talk about recent laws, market shifts or happenings that would affect us... just an idea

keep the great ideas and examples coming

what a great topic. I really like this price point. My entire business model is focused around entry level properties. Especially properties in the 30k - 40k range with less than 10k in rehab. I just finished mu first buy and hold with this strategy and I am really enjoying it.

thanks for the great replies. The Bank is allowing me to do either against the rental unit only at 80% LTV. I know less about the heloc and it sounds more complex. So I am leaning toward the hel.

thanks for the great into guys. My time is very valuable. So i dont want to set a precident of me going there for rent. But I do like the idea of getting to see the property once a month to check on things

I am attempting to refinance my investment property. I am looking to pull some equity out at closing to help pay off the rehab work I did on the property that I put on a credit card.

The bank as offered me a HELOC or a Home Equity Loan. Don't know much about either. So lets educate me and help me choose which route to go!!!!

I am actually in a very similar position as well. The local banks I talked to were not interested. The few that were, wanted me to do a home equity line of credit or a home equity loan. I am still in the process of pursuing these options

just recently signed a lease on my first ever rental. So I was wondering How everyone does rent collection.

I planned on more of a personal approach for at least the first few months to check up on the property. Then I may switch to less time consuming. So what do you use?

Also how do you let the Tennant know rent is due? Call text to set up a time? Send an invoice by mail. Or is it spelled out in lease to meet on the first at a specific time.

kyle z- that is great strategy! I would not mInd land contract. It would also allow me to evade the hassles of dealing with a bank for a while. How did you find that property?