All Forum Posts by: Sachin Amin

 I own 6 units from midsouthhomebuyers , Liz and team are great and so as the owner Terry. I am happy with them so far.  I did visit them in person to understand their rehab process and did go on tour with them few years ago.

http://midsouthhomebuyers.com/

Hello BP community,

Which state offers better opportunities for investment properties—North Carolina or South Carolina—when considering factors such as market growth, rental demand, property taxes, and long-term appreciation potential. Anyone invested in sunset beach area ? looking to visit NC for potential investments if anyone would like to connect? (potential areas - 10 mils to beach)

Thx

Sachin

Hello BP community - any one lately come across new construction properties for investors in Columbus OH, most of these builders in Columbus refrain from selling it to investors and only entertain first time home buyers or if you plan to make it as primary home to live in. (Rockford, MI, Pulte, Ryan homes) - any one know of builders who are investor friendly in Columbus?

sachin

@Karen Galas sorry to hear. we moved to gold cost in Dayton and since then happy with the PM. But yes freedom has lost it and i think they are at tail end (going out of business) if they cannot bring value to investor.

Hello BP community,

Most of the builders do not offer investors opportunity to buy the lots and they claim they are only for primary residence (i;e they will sell only if you are going to live in it (example Ryan homes, Pulte homes etc..) are there any builders out there who can sell to investors for "buy to rent" in Columbus OH? was looking to add brand new SFH to my portfolio. But seems tricky as none of the builders are willing to sell to investors in and around Columbus region ?

any ideas if there are any builders who would sell it to investors like me who wish to add new construction SFH's to their portfolios ?

Thx

Sachin

@Remington Lyman please ignore, its complicated...i will post back once we close the deal on what we had to do with zoning etc... many lenders decline to fund the loan as the zone was commercial and fanni and freddi backed lenders would not do commercial zoned properties...(even though its 4 unit)

@Remington Lyman yes that's the direction we are headed, but do you think zoning will impact (if its marked as commercial, but used as residential??)

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

@Gabriel Graumann actually this is a multi unit property where there are 2 parcels (2 building adjacent to each other 4 units on both sides).

we are working with a lender who has agreed to do a conventional loan as it has only 4 units on each side (so 2 applications) - lets see how things go.