All Forum Posts by: Keith Vinson

Hello Columbus! I'm a Franchise owner of Homevestors of America, the "we buy Ugly houses" people in both Chicago and Cleveland and also Development Agent (or mentor to other franchises) for the corporation.

I'll be in Columbus next weekend and wondering if there's any meet ups or Reias that I can attend? Ultimately looking to chat with like minded investor since we're looking to expand in Columbus area.

Let me know if anything is happening?

jeff, there are reias in columbus ohio happening every tuesday at different locations and you could come as a guest for free.https://www.centralohioreia.com/

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Originally posted by @Robert Ellis:

I'm Rob Ellis and I'm an real estate agent / team leader in Columbus. I have a team of 4 right now at Key Realty. We'd like to sell 125 homes / properties this year. I'd like to find owner financing on 8 units this year. Our team wants to flip 2-3 houses. We want to grow our team by 2-3x and be at 10-12 members by the end of the year. I'd like to continue to foster relationships from Biggerpockets. I want to outgrow our office space.

On the residential side of our business we'd like to get into the luxury market which we are already starting to in areas like Upper Arlington and Dublin. I'd like to higher a second lead generator / nurturer.

On the investment side of our business, we'd like to sell at least $500k per month. We are looking to partner with flippers that will sell at least 12 homes a year to help with marketing, evaluations properties, and listing them through the MLS. We'd like to sell at least 2 deals over a million dollars for those huge commission checks.

For local meetups, I'd like our team to continue to attend COREE and ed's landlord dublin meetup.

rob, I will be attending ed's landlord's dublin meetup this week hope to meet you. you set some feasible goals for you and your team, networking is the ultimate key to any business that is why I created this topic to get more people to chime in so we can use one another services. for the 8 units you have are they multi family or an actual 8 unit apartment building?

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Originally posted by @Joshua Biondi:

My name is Joshua Biondi. I am a new real estate investor in Columbus, ohio, currently looking to purchase my first MF rental property by june of 2017. Ideally, I am looking to house hack, while turning the other unit, or units, into a sober house. I am also looking at a couple properties with long standing tenants on one side, which would change my plans with the sober house idea, but my greatest concern is cash flow and opportunity for future portfolio expansion. I am looking to make contacts, and network, with both experienced and new real estate investors.

Joshua I am an experienced wholesaler in Columbus Ohio, if you ever had a question about a deal or need help analyzing. I think you have a good idea of what you want to do but before you buy a any investment you need to know your plans plus exit strategy. I am not sure if you need any permits to turn your multi family into a sober house might want to check with the city on that.

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how is your real estate business coming along in 2017 so far, state your name what you do and whats your goals for 2017.

Keith Vinson I wholesale real estate in columbus ohio, starting my first flip should be on the market in feb 2017 look foward to growing my business by doing more deals consistently, networking with more real estate investors.

2 Votes

Originally posted by @Brandon Schlichter:

There's a hundred options. In my case I used my money to source private capital and then used it to build a portfolio I could then BRRR. FHA can be good however they want to see owner occupants. Although I'm not sure if that covers assumables.

There are small banks also out there that will do commercial in house and are still somewhat flexible on terms.

what banks are those? explain brrrr I have investors that do that method but I do not know how they are doing it.

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I have wholesaled enough funds in columbus ohio, now I want to get into the rental part of real estate. whats the best way ? I have an fha loan up to $150k owner occupied 3.5% down, my goal is to own a duplex up to a 4unit. I have wholesaled to alot of buyers who will buy the home cash from me fix the home up rent it out, get the home appraised and then take out a home equity line out on the home. would you consider just getting a mortgage loan from the bank to purchase the house? what creative ways are you using to build your rental portfolio?

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Originally posted by @Sam Gergley:

Hello, I am a relatively new investor and new to bigger pockets!

I just wanted to introduce myself to the community and share a quick flip success story.

My main goal is to develop a buy/hold/rent strategy. This flip happened because of a rookie mistake. I was unaware that the condo association had a "no rental" policy.

After finding this out I decided to sell after two years of ownership to avoid paying capital gains and to reinvest my profits into a new condo that I could eventually rent.

I am currently working on a condo in the Brewery District and will post photos when that is completed.

I am always looking for opportunities and new connections so please reach out!

Here are the numbers:

Purchase Price: $143,000

% Down: 10%

Rehab Cost: $10,000 (Did work myself)

Resell Price: $205,000 ( 24 months later, record price for the building)

Profit after Realtor Fees: $40,000

After Photos are below:

Looks good. I am a local real estate investor my self, I am in the wholesaling side of investing right now if something comes up I will most definitely let you know! look forward to working with you.

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Originally posted by @Mario Harris:

John Horner Also, you sound like you may have a lot of experience in this arena which is great. The greatest fear I face with right now is learning how to evaluate a deal and I would like some sort of shadowing to occur before I put both legs in. Are you open to an informational interview on to how you got started?

how is your real estate wholesaling going? I am active wholesaler in columbus ohio let me know if you need any advice...

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Originally posted by @Steve Baldwin:

Hello everyone!

Hope you all have had happy investing endeavors in and around Columbus since our last Biggerpockets meetup!

I am wanting to fire up a summer series, although it feel like fall out there, and get some people together to network. Wholesalers, rehabbers, realtors, CONTRACTORS and more.

I know we can help each other out and we all need it!

Any interest?? I will be reaching out through Meetup and various FB groups! Let me know and Ill set up a location and time.

Thanks,

Steve

is the meet ups still active ? if so fill me in with information thanks

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Originally posted by @Account Closed:

Originally posted by @John Horner:

Welcome to the Columbus market.

Yes the market is hot right now, I wouldn't plan on finding any deals on the MLS even if you do have cash.

You can find deals by doing your own marketing for off market deals but that's a huge investment of time and money. You could hookup with some local wholesalers but the good ones already have solid buyers who they know make fast decisions and close fast.

I pay cash for rentals and flips until I refi the rentals because it gives you leverage over other buyers using financing or wholesaling. We tell people we can close in 2 weeks so we need to be able to do that.

It takes 6-8 weeks of rehab then another 6-8 weeks after listing for the banks to approve the buyers, underwriting, etc.

Thanks, i sent you a message.

I wholesale, very active come across deals all the time may have something that you are looking for.

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All Forum Posts by: Keith Vinson

Keith Vinson has started 18 posts and replied 43 times.

Post: Columbus ohio 2017 goals and networking topic

Post: Columbus ohio 2017 goals and networking topic

Post: Columbus ohio 2017 goals and networking topic

Post: Columbus ohio 2017 goals and networking topic

Post: leveraging funds to buy rentals

Post: leveraging funds to buy rentals

Post: Columbus Ohio Downtown Flip Success!

Post: New Member Columbus, Ohio Looking for a Mentor

Post: Columbus, Ohio Meetup

Post: Columbus Ohio house flipping