All Forum Posts by: Jeremy Melloul

Enrique- I have an AirBnb just south of Columbus in the Hocking Hills region. AirDna ranked it as their #3 best STR market in the Country. With and average occupancy ranging around 60% (depends on your product) the earning potential is high. You can maximize you CoC return if you go just south of the Logan area.

Thanks for you reply's.  After further analysis, I'm going to sell.  Appreciate the help!

I'm a new investor and would like some help navigating a deal situation. My GF owns her grandmas house and her grandma just moved into another house so the old house is currently vacant and it can either be sold as is which is very outdated and old at the moment OR my GF and I could put some money into rehabbing it, then rent it and refi. The Estimated ARV is $400K , the house was purchased for $175,000 the current mortgage payment is $1381 with a 30 year fixed rate of 3.3% with 25 years left on the loan. I estimate it will take about $70k in rehab costs and 4 months to complete. Its hard to get accurate comps since this house is the only 5 bed 3 bath house in the zip code but based off of 4 and 3 bed comps in the area I estimate a minimum of $2k in rent. Once its rented I would refi it but who knows where the interest rates will be at that time.

I'm thinking there's an opportunity to execute a good BRRRR here but I'm having a hard time analyzing it since the house is already owned since 1999. I may be making this harder then it has to be but I'd appreciate some help/feedback.

Thanks!

New investor here and I just moved to Columbus (1.5 months ago). I'd love to get together with some like minded people and talk REI. If anyone is up for a meetup reply yes or no to this thread. I'll organize depending on the results.

Hope to meet some of you.

Need 2 tix! My best friend and I quit our jobs and are moving cross country the day after BPCON to pursue our real estate investment career! This would be the best way to start our journey. Please let me know 🙏

I went online tom buy two tix to this upcoming BPCON for my biz Partner and I.  We're new to the real estate investing and we really want to go!  please let us know if you can part with two.  Will buy immediately.  Thank you!

Is it ok to assume interest rates will lower in the future, not immediate future but eventually, when analyzing a potential deals CoC return. As of right now, a particular deal I'm analyzing doesn't have the best CoC return but the location and YoY growth is solid and if the interest rates drop in the coming years then the CoC return is solid. Thoughts? Im new to BP and real estate investing and Im looking to pop my first deal. Thanks!

Thanks, Jim!  I’ll check it out.  Much appreciated 🙏

Hi. this is my first post on BP. I'm just starting my real estate investing journey, and I'm trying to analyze as many deals as possible so I can familiarize myself with investing, my market, etc. I googled ARV tool, and I came across a website called tools.reikit.com. Has anyone used this and is the ARV data they provide fairly accurate?

Thanks!