All Forum Posts by: Jeremy Hackenberg

@Sterling Shrout

Nice deal! If I might ask, what part of Dayton?

Probably a lot of investors would ask you for the lead. If they are a good person then would cut you a check for a finders fee. You could always wholesale it yourself. If the house is priced fairly, there is a good demand in Dayton and can sell quickly.

What part of Dayton are you in? Like others have mentioned STR for traveling health care is a great option. Especially if you are near Miami Valley or Kettering Medical. My friend has STR in South Park that makes a killing.

There are a few 4 plexes on the market now. None of them take FHA?

I suggest the duplex option like someone else mentioned. There are plenty that will hit the numbers in Dayton. 

Hi Bruce,

I have a few properties in Dayton. A lot of the investors in Dayton use @Ryan Ingram who specializes in insurance for investors. I know he saved me money compared to other agencies. 

Water, sewer and trash are billed quarterly.

This is the exact strategy I am using in Dayton on a wholesale deal I am closing on next week. It is a solid approach and you control a lot of the variables. Plus if times get tough or unexpected expenses pop up, you can pay interest only on the HELOC.

@Austin Dumbaugh

I am out of state with rental properties in Dayton where I am from originally. In fact I haven’t seen my properties in person yet lol. I rely on my Property Manager who is great with the renters and he has a team that is streamlined to make inexpensive repairs and improvements. If you have a good team in place it flows smoothly with little hand holding and worry. If you need recommendations for a investment realtor and property manager just let me know.

@Ryan Brocklebank

Great deal Ryan. Congratulations!

For what its worth, I was setting up my business account at Chase yesterday and asked if they do HELOCs on rental and the banker said they do and they just started 6 months ago. Maybe worth a shot.

Do you have much equity in the rentals? I wonder if they want a larger amount of collateral. It might be easier to get a HELOC on one of those rentals if that would be possible and use it for the same thing with a lower interest rate.