All Forum Posts by: Nathan Haws

To clarify - my question is: Should I be using cash purchase or $0 down loan when using the Bigger Pockets BRRRR calculator with my HELOC as the funding source?

Thanks again!

I understand that using my own equity/cash to make the purchase goes against some of the basic BRRRR principles, but I want to ensure that my numbers are accurate when using HELOC funding for the acquisition. I can still get the competitive advantage of a cash offer with HELOC funds, but I believe I should be treating it like an interest only loan without any down payment for Cash Flow and ROI calcs.

A HELOC just seems more practical for a new investor, with a good amount of equity in their home and good credit, but without a lot of connections to private/hard money lenders. 

Thanks for your help!

What have you found to be the most significant contributing factors to a SFH's appraisal value in Columbus? Square ft/# of bedrooms & bathrooms/proximity to.../condition of the home/school district/etc.?

Are these factors weighted very differently from appraiser to appraiser? Have they changed over time?

@Peter Lohmann Fair enough. I'll dig a little deeper next time. I scanned through the two front pages and didn't see anything.

Thanks all. This is very helpful. I'm going to try to attend upcoming REI meetups, and I've got a few PM companies to research.

@Luke Carl I appreciate the insight. I won't expect much from a prospective PM until I have properties that require management. Unfortunately I am on the west coast or D.C. 4 days per week through 2023 for my day job and may not ever have the capacity to self manage. I'll work on my timeline for my first acquisition, perhaps an early xmas ;)

Thanks again.

Hello,

Would anyone care to post some referrals for good PM's in Columbus? I plan on purchasing some properties in 2020 and would like to start developing these relationships sooner than later. 

What is a good rule of thumb for Columbus PM rates (10%)?

Will good PM's work with investors who only rent 1-3 properties?

Thanks!

I'm a noob, but for what it's worth I've been exploring sfh's in Morse & Maize and areas north of north Linden, SW franklinton, Greenlawn, and Marion Village. I've found a few promising properties for cash flow.