All Forum Posts by: Lonnie Freeman

Write your marketplace ad

Hello BP!

My company, Blue Chip Development Group (www.livebluechip.com), has 2 great properties under contract and seeking funding for the project.

We are an experienced team with over 80 fix and flips in the last 3.5 years, with almost all being retail flips (not rentals). The subject property today is in a small, historic neighborhood, where we've already completed and sold 6 other fix and flips, some even on this same street and 1 over, so we know the neighborhood, the housing construction, and the buyers/expectation very well.

Details and numbers below - Comparable package, repair estimate, and deal analyzer available upon inquiry/request. Contact me for additional information and a full lending package.

Project Summary: Update and fully renovate kitchen, bathroom, flooring, and lighting/plumbing, HVAC, insulation, some drywall, some windows, and roof. 

Deal 1:

Purchase: $65k

Rehab: $80k

ARV: $219k

Deal 2:

Purchase: $15k

Rehab: $125k

ARV: $205k

-- Your investment will come with a promissory note and mortgage giving you lien position and will get recorded at closing.

Contact me for more details! [email protected] / 614-571-0910

Hey Brooks, 

Ohio is a great place to invest so congrats on making the plunge! I'm not a realtor but I'm a full time investor here in Columbus. I have a small remodeling company and sell turn key rental properties (ones that I personally purchase, renovate, lease up, and then sell. Property management can be put in place too). Let me know if I can be of help to you or if you want me to send you a couple properties I have right now and coming up so you get an idea of what I offer. Good luck with your investments and let me know how I can help. 

I work with Tristam Griffith too and second all the comments on this thread!! She is knowledgeable and does anything for her clients! Keep up the great work Tristam!

Call an attorney, but in the mean time maybe find another buyer that would be bale and willing to take this down. A friend of mine buys at sheriff sale all the time and re sells the house to another buyer during the 30 day confirmation period, and when it gets confirmed, he double closes and sells to the new buyer.

Try Vinton County Bank or FC Bank in Columbus. Owner occupy a unit if you can.

Hey @Ben Krieger Thanks a lot! I will check it out. I noticed you made the same comment on my partners blog about new build construction financing and he told me we would check it out. 

Todd Moriarty I'm an investor in Columbus. Cap rate varies on location and class of property. Let me know if you want any help - if I have an address and class I can give you a quick idea.

Rick Bingmer welcome to BP and congrats on making the decision to do your first flip! I'm an experienced flipper in Columbus, I've been flipping full time for 3.5 years and flip about 20 houses/year in desirable owner occupant neighborhoods (not rentals). I'd love to connect and help however I can!

@Max McNally That's awesome - congrats on making the dive! Have you considered buying properties and using the same strategies in Columbus? I'm a full time investor here, mostly fix and flip, but executing the BRRR strategy on a small portfolio of houses I've acquired this past year. We are still renovating and renting some of the units, but I'd be glad to share my experience when it's done! Columbus is a great market for owning rental property!

@Nathan Click Hey Nathan, thanks for the post. Not a problem, I'll send you the details on this deal! Thanks!