All Forum Posts by: Max McNally

Sounds awesome @Benjamin Leung! Which area of Dayton did you buy in?

Are you doing your own rehab or using a general contractor?

Hey guys, I'm looking to network with folks from Ohio who are doing the BRRRR strategy. I just bought my first fourplex in Dayton, the numbers look great, cash flowing about $600 a month (projected, I haven't closed yet). I would love to buy a bunch more, but I don't have the cash to continue doing conventional financing. So, I'd love to talk to people who are doing BRRRR, and could tell me what their experience has been like. I live in California, so I'm trying to build a good team in the Ohio area who I can work with to build a portfolio of rental properties. I've got some great contacts with realtors, lenders and property management, so I'm looking for people who can find great deals (60% and under market value) and contractors/project managers who can help me assess repair costs and ARV. If that sounds interesting to you, let's talk!

Hey guys, I'm looking to network with folks from Ohio who are doing the BRRRR strategy. I just bought my first fourplex in Dayton, the numbers look great, cash flowing about $600 a month (projected, I haven't closed yet). I would love to buy a bunch more, but I don't have the cash to continue doing conventional financing. So, I'd love to talk to people who are doing BRRRR, and could tell me what their experience has been like. I live in California, so I'm trying to build a good team in the Ohio area who I can work with to build a portfolio of rental properties. I've got some great contacts with realtors, lenders and property management, so I'm looking for people who can find great deals (60% and under market value) and contractors/project managers who can help me assess repair costs and ARV. If that sounds interesting to you, let's talk!

I'd love to take a look at it @Pavan Sandhu!

The current owners say everyone there is leased at $495. I just received the financials and books, so I will definitely be taking a close look at those. I honestly don't see a scenario where this property won't cashflow something, it's just a matter of how much. Thanks for running those numbers for me @Bryan C.

Thanks for the input everyone! I'm absolutely not planning on buying this house, I just wanted some opinions, but I am looking to do a house hack in the next year or so, so I was surprised to see one that looked close to cash flowing. Anyone have any luck house hacking around the bay area? I've seen a few places like Lodi or around the Sacramento area that looked decent. Anyone else have any luck with this strategy?

So I recently signed a contract for my first property, which I am pretty excited about. It's a multifamily in Trotwood, Ohio. The numbers look really good. I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow. Since I live in California, I will be hiring a managment company to take care of it for me, while I lay back and collect those sweet, sweet rent checks ;) Any thoughts on the property or the area? I don't know much about Ohio, but it seems to be a solid working class neighborhood. Here's a link to google street view. I know it doesn't look like much, but it feels awesome to finally be a real estate investor!

So I recently signed a contract for my first property, which I am pretty excited about. It's a multifamily in Trotwood, Ohio. The numbers look really good. I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow. Since I live in California, I will be hiring a managment company to take care of it for me, while I lay back and collect those sweet, sweet rent checks ;) Any thoughts on the property or the area? I don't know much about Ohio, but it seems to be a solid working class neighborhood.  Here's a link to google street view. I know it doesn't look like much, but it feels awesome to finally be a real estate investor!

I've been looking at this victorian on Loopnet, and to my admittedly untrained eye, it seems like it would bring in some cash flow/break even on three of the units, so I could live for free in the fourth. On an FHA loan, I could put 21k down, and the payment would be $2643 a month. The rents are $4600 a month, minus $1000 for the one I would live in. Any thoughts on this deal? I know Vallejo is a little sketchy, but I grew up in the area, and it seems to be getting better than when I lived near there. Any thoughts on this deal?

Hi @Laquel W. Welcome to the site. I'm a newbie Bay Area investor too. Let me know how your luck is in Oakland. I've been looking into the Oakland/Alameda area as well. Lot's of people seem to be predicting a market slow down sometime soon in the Bay Area, so take that into consideration!

Max