All Forum Posts by: Edward Aaron Itayim

I will keep that in mind. Thank you Robert. A lot of information to sort through. I appreciate the advice.

Thank you Eric. Yes, I will be operating as an LLC.

@Robert Ellis. Thank you. I am a local attorney and run my own practice with my two partners. I don’t think the income verification will too much of an issue and my budget is modest around $100k for the property. I have a partner I am going in with. Both of us have good credit etc. Do you know what terms are generally for hard money loans in our area? Private lender? I don’t think with my budget and the homes I am looking g at conventional financing will be an option. Thanks again!

Thank you. I will definitley send him an email. I appreciate it.

Hello all, 

Over the last couple months, I have been getting a strategy together and seeing what would be the best fit for me in real estate. I am ready to get going but I had some financing questions. I am in the Columbus, Ohio area and interested in fix and flip single family homes. Are there lenders in our area that loan for projects like this? What are some likely terms? Can you get the cost of rehab financed as well? I know I could go through a bank, but I have not found any that would do cost of renovation as well? I thought I saw a company that would do 85% plus 100% of the renovation budget, but it was an out of state company. Just wondering if anyone had any luck around here. I have a modest budget and imagine there is a minimum loan amount. Thank you for any help. 

Ed

@Richard Leyba tejada. Linked with some great people here on bigger pockets and they are helping me get started here in Columbus. I am getting educated and going through properties looking for some good opportunities to see what works for me. Thanks for asking!

Hello All, 

I have a pretty extensive renovation project for a commercial building in the Dayton area and was looking to see if anyone has a good referral for a contractor. Thank you. 

Ed Itayim

Hey Nicky, I am looking for more of the A/B areas and value-add for at least my first commercial purchase to get a little experience with the process. Columbus is a hot city for sure, so I have been searching near and far for something that makes the numbers work. Besides loopnet and referrals, do you have any suggestions as to where else to look. Thanks. 

Jeffrey, Semper Fi brother!!

Thank you Scott! Same to you.