All Forum Posts by: Marc Rice

@Cesar Gomez

Single family loans start at 1% down with down payment assistance programs. You can get a multi family for as low as 3% down with many banks if you owner occupy.

@Chase Busick

Nice! Any strategy to implement being close to that air force base?

@Christine Sierra

“Do you have a business or do you have a job”. Treat it as a business so it doesn’t become a job.

@Nathan W.

BRRRR is a great strategy and Columbus is a great market. The BRRRR can be accomplished with single family and multi-family as well which makes it a great scalable strategy.

If you have any questions regarding finding property in Columbus, connecting with lenders, or property management feel free to reach out!

@Dezmin McCoy

To add, generally you don't want to quit claim the title into an LLC until about 12 months.

@Jayson Greenblatt

It's important to consider you're equity build up, as well as NOI when analyzing the rental property as an alternative investment to the stock market. It's very important to find a trustworthy turnkey company to work with who is going to rehab correctly and mitigate your capex.

@Michael Ch

Columbus, Ohio. It’s the only metro city in Ohio with a growing population and the continued development and job growth is fantastic. You’ll find strong cash flow, lower prices, and higher appreciation here.

You can find single/multi families in B-/C/C+ neighborhoods that are right around the 1% rule.

If you need any insight on the local market here happy to connect!

@Jimmy Woodard

Each of them will have certain concerns - try to compromise with them on security, screening, being available, professional management, and noise sensors to ensure their peace will not be disturbed. I recommend planting trees or doing what can be done to make your unit as “private” from theirs as possible.

Thanks @Steven Wilson for the intro!

@Joe Chillinsky the short north area is where we have most of our short term rentals and they do fantastic due to it being one of the most desired areas for living and night life.

Feel free to shoot me a message and I can run some comps for you. I primarily do 1bds and studios because I can always beat the market rent on those in well desired A/B neighborhoods. Let’s connect!

@Kurt Kleespies

Most lenders are 70% LTV on cash out refinance and require a 6 month seasoning period of you owning the property. Also many want proof or documentation of repairs you made to increase its value otherwise it most likely wouldn't appraise much higher than what you bought it for.