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All Forum Posts by: Ryan Mainwaring

Ryan Mainwaring has started 18 posts and replied 268 times.

Post: Columbus Ohio private money

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Dorian Gray We have done 3 loans with hard money lender in town.  Good experience with them because they can close in a week.  Let me know if you would be interested in chatting

Post: Columbus Ohio private money

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Steven Foster Wilson Have you worked with those hard money lenders?

Post: Columbus Ohio private money

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Dorian Gray I would recommend joining these two realestate groups:

Post: Need help with tenant troubles.

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Connor Lake I second what @Remington Lyman said, we are currently able to evict in ohio as long as it's not due to rent collection such as smoking in the house.  

Post: What Metric is your "Go-To" at-a-glance analysis for deals?

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253
Originally posted by @Alex Heidenreich:
Originally posted by @Ryan Mainwaring:

Great question.  I use 2 even though you asked for one...

  • Cash on Cash – Net annual income / Cash invested. Goal – 10-12% and
  • Property has positive cashflow of $100(with management) for long term or $700(w/o management) for Airbnb per unit per month

 This is very similar to what we are looking for in terms of metrics. The straight $100 cashflow though is typically pretty market specific. Or do you look for at least that in all markets?

 We look for it in all markets, if a market can't support we pass on that market.  

Post: What Metric is your "Go-To" at-a-glance analysis for deals?

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

Great question.  I use 2 even though you asked for one...

  • Cash on Cash – Net annual income / Cash invested. Goal – 10-12% and
  • Property has positive cashflow of $100(with management) for long term or $700(w/o management) for Airbnb per unit per month

Post: Beware-BAD Wholesaler and Realtor in Columbus Ohio!!!

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Gaby Liu Thank you for sharing your story.  If you ever need help from a local investor to double check people your working with, I would love to help.  

Post: Good District for Flipping House in Columbus, OHIO

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

I second @Remington Lyman lists

Post: How do you know a "bad" neighborhood

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Steven Foster Wilson Could you share your columbus city guide?

Post: Good and Bad Wholesalers

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Tre Harris I would agree with everything @Account Closed said but there are a few good wholesalers in Cbus who are trying to help the seller and buyer. If your a good one, you can do quite well.