All Forum Posts by: Gary Mendrin

Also, @Christopher Sineno what are the new builds in the subs of Columbus about?

Thanks everyone for the responses. I get the sense that I should look at one of the bigger Ohio cities before Dayton.

But @Christopher Sineno and @Gordon Starr you seem optimistic. Do you think that rental demand will stay strong with everything Dayton has gone through?

Hello to Dayton, Ohio investors! I'm interested in the Dayton market and trying to understand what's been happening there since the Great Recession. I've read some of the Dayton CAFR and it says the Dayton Region experienced recent employment growth since 2013, until a reversal in the fourth quarter of 2018 through the first quarter of 2019. But the CAFR also suggested that while the regional job numbers had suffered, the city wasn't so affected. It also says there is a lot of business growth happening or expected soon.

It seems like Dayton was hurt by the recession - but the local government and businesses are working hard to turn things around. I'd like to know if Dayton investors are optimistic and seeing things actually turning around. What caused job losses late 2018? How has the real estate market been affected?

@Jason Malabute how did you narrow down from 382 MSAs to 5?

Yes, I tried that. That works if it's financed with the same terms as the purchase loan.

When I enter estimated rehab costs into the BRRRR calculator, it adds that amount to "Total Cash Needed At Purchase" in the results. But what I want to finance the rehab costs? If I use hard money or a line of credit to finance the rehab costs I'd like to know how it affects the bottom line. I don't see an option to factor that in.

Has anyone figured out how to factor that into the BRRRR calculator?

Hi @Ian Divinagracia and @Joshua Hodges, check out Central California Real Estate Investing Group, and 559 Meetup. Both are monthly meetups in the evening. You can find them on Meetup. Central California Real Estate Investing Group is meeting tonight at 6. The topic is analyzing deals, it should be very beneficial and I encourage you to attend. I can’t post a link on here, but message me if you’d like more details.

Hi @Chris Williams, thank you for the advice! And it seems like you're doing really well, is that all in Fresno?

Hi @Ian Divinagracia welcome to Fresno. Have you looked into the local meetups? That's a good way to connect with local investors. 

Thanks @Jeff Zimmerman! That sounds like a great way to network. I'll message you for more info.