All Forum Posts by: Jared Cauffield

Are you tired of buying distressed properties only to find the property needs more work than previously thought because of hidden issues? Well, then this property is for you. The property has been completely gutted and ready to rehab. Framing, electric and plumbing rough-in have also been completed. The seller can provide updated layout plans to change the property into a 3/2, permits and vendor quotes for all of the updates needed. Several properties on the block have been rehabbed and sold. This is a great opportunity in an up and coming neighborhood to invest in as a fix & flip or buy and hold.

@Mike V. There is plenty of comps in the area as it is in an urban location within Columbus, OH. I am thinking that it would be less about the comps and more about speculation or craze of buyers.  TV makes people do funny things. 

Thanks @Matt K.  and @Chris Mason !  I assume any remodels done in a given area can only help the valuations of the properties around it (assuming its done the right way).  I was hoping that someone here on BiggerPockets would share an experience they had with HGTV remodels being done in their area.  The lack of response leads me to believe that this isn't as big of a deal as others may think but I guess we will see. 

@Robert Ellis @Ryan Mainwaring@John Horner looking for a cash-out refinance lender on an SFH rental property I own. Could you send me your lenders referrals that you mentioned here?

I am curious to know if anyone here has owned a home in a neighborhood where there was an HGTV home remodel show shot.  If so, did you see an increase in the value of your home and/or others in that neighborhood?

I have an "inside sources" telling me that there is a property currently being rehabbed for an HGTV show in the same neighborhood I have a flip project.  They told me that they believe it will affect the market and cause home values to rise. Do you think this is true?

Hi BPers!

I am looking for advice on investing in mitigation bank land within California.  I am looking at a piece of land that has the potential to be turned into conservation land and sold as mitigation land credits to developers in the area.  I am curious to talk with investors that have experience with this type of investment and how they perform their due diligence.

So, are there any BP investors out there I can talk to about this type of investment strategy?

281 S Ohio Ave Columbus, Oh 43205

3 bed | 2.5 bath | 2193 sq. ft. 

Purchase Price: $364,900.00

Projected Monthly Income: $3,738.00

Projected Performance of STR

1. Estimated average gross revenue per month of $3,738.00.
2. Estimated Expenses (including cleaning, supplies, management fees, utilities, ect.) at an average of $1,554.00 per month. 
3. Estimated average payout to the owner of $2,184.00.
4. Estimated gross annual income = $44,856.00 / Net annual income = $26,208.00.

Property Details:

I have renovated this property and we are currently in the process of turning it into a fully functioning short-term rental. This property will come fully furnished with all the furniture, decorations, appliances, equipment, linens, and everything else needed to operate an Airbnb. Also included will be any of the current reservations, online listing assets, photos, and pro-rated rental revenue. I will provide full property management and host services through Housepitality LLC a service of Vail Realtors.

This amazing turn of the century home has both cash flow and appreciation potential. Located in Olde Town East, one of Columbus's hottest neighborhoods boasts several new builds including two right next door to the property. The property has been meticulously restored and renovated. It features new acacia hardwood floors throughout, a modern electric fireplace in the dining room, an owner's suite (ensuite includes radiant heated floors), a second floor laundry room and powder room, new mouldings and baseboard trim throughout, a chef's kitchen with granite countertops and stainless steel appliances, new windows, HVAC, new siding and exterior trim work, an expansive new rear deck and much, much more! Convenient to downtown living and major highways. IGS-Home Safe Warranty already in place. Tax abatement application is in process.

More Pictures:  https://columbus.craigslist.org/reb/d/completely-remodeled-3-25/6645817597.html

Contact [email protected] with any inquiries.

@Alyssa Anzur I will send you an email shortly. Thanks for your interest!

1276 Eagle View Dr Columbus, OH 43228

3 bed | 3 bath | 1520 sq. ft.

Also included is all of the furniture, decorations, appliances, equipment, linens, and everything

needed to keep the B & B running.

Purchase Price: $229,000

Average Monthly Income: $3,340.00

Overview

Available for sale is beautiful property, and operating business. This is a 3 bedroom, 2 and

1⁄2 bath home that has been renovated and developed into a popular short-term rental

property through platforms such as Airbnb. The “Relaxing Oasis In South Columbus’ has

been operating successfully for over a year, and now the business and the property is for

sale.

For sale is the real estate located at 1276 Eagle View Drive Columbus OH 43228. Also

included is all of the furniture, decorations, appliances, equipment, linens, and everything

needed to keep the B & B running. The property will sell with a management contract with

the current property manager Housepitality LLC a service of Vail Realtors. Also included

are the current reservations, listings, photos, and pro-rated rental revenue.

Performance since converting to STR

1. This house has brought in an average of 3,340 in gross revenue per month.
2. Expenses (including cleaning, supplies, management fees, utilities, ect.) have been an average of $1,389 per month. The average payout to the owner has been $1,951for the last 12 months.
3. Gross Annual income = $40,080 Net Annual Income = $19,923. 

More Info

• Listing: https://www.airbnb.com/rooms/17300142
• Proforma: https://docs.google.com/spreadsheets/d/1ZTmCa5SBm2...
• Contact [email protected] with any inquiries.

@jay johnson no I have not tried it.  I am hoping to get some more feedback here first.  Let me know if you hear anything.