All Forum Posts by: Kelly McClellan

Has anyone else had a horrible experience with Ohio Cash Flow?  Boy I did!

After completing an online form and following up with all of the questions and correspondence that was sent my way (including sending my proof of cash funds, account statements, etc), these folks let me know they were not interested in working with me. 

I will say I was quite put off. What miffed me the most was the persistent question I was asked about what my expectations of an investment with them would be. I answered this with indicating that I would like to speak with someone to learn more about their program and what they had to offer. It seemed reasonable to me  

However, it was after I expressed frustration that I had sent all the info they asked for and had yet a to have anyone reach out to me regarding the company’s investment opportunities, I was told I did not fit their customer profile and that they would not be able to work with me.

Anyway, they continue to contact me with marketing material from time to time.  With each contact I ask them to remove me from all contact lists.  

I am just curious what others might have experienced???

Thanks for any feedback!

Kelly

Thanks for the input, Robert.

Hello. 

First time poster here. I have listened to a number of podcasts, however. 

My wife and I have been investing in real estate for over 20 years. We are getting to a point that we are considering disposing of a little bit of property here and there. I currently have a three unit building for sale in the Columbus Ohio area. More specifically, it is in an historic area referred to as German Village. 

 We have owned the building for around 15 years and the area has certainly appreciated over that period.   Two of the three units are rented and in rentable condition. However, one of the units is in need of extensive remodeling  as I started demolition and renovation on it years ago. As life goes, my intentions of completing the project got waylaid by other priorities. That unit has been sitting vacant and not generating rent for a number of years now. 

We have several parties interested in purchasing but it is clear this project will require either an all cash offer or the ability to secure a construction loan.  We do have multiple offers on the table as I write this. 

 With the concern of the extensive remodeling required, one other possibility that we are able to offer is the ability to carry the financing as we own the property out-right. However, I have no experience with this as we have never done it before. One of my key concerns is how to best structure such an arrangement while keeping in mind that I need to assure myself that the construction process is moving in the proper direction in order to secure the investment. 

  I would be interested in any feedback from those who may have experience with such arrangements. I figured this foreign might be the place to find those who have structured similar types of deals. 

Thank you in advance,

Kelly