All Forum Posts by: Trent Ecklar

You would be surprised what qualifies with a standard FHA loan. I've been shocked to not have a list of conditions after appraisal.

There is also FHA 203K loan which you can borrow $35K for rehab costs. Section 203(k) fills a unique and important need for homebuyers. When buying a house that needs repair or modernization, homebuyers usually have to follow a complicated and costly process. Section 203(k) offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the acquisition and rehabilitation of a property. (I'm not a LO)

Have a safe trip! Look forward to connecting. 

Associates Title

Congratulations on the big move Thomas. I lived in California for 8 years before returning home to Columbus. We should connect once you're in town.

Take a look at this up/down duplex:

1278 1/2 Parsons Avenue
Columbus Ohio

Live there for a year, stack your chips, buy another property, move out, rent your unit.

"Rinse and Repeat"

House hacking is a great way to start. We currently hold 48 units in Central Ohio and started off with three SFH over a three-year period all house hacked.

Small multi-family (2-4 units) buy & hold investment in Delaware.

8 Duplexes in Delaware Ohio

What made you interested in investing in this type of deal?

Duplex package

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

The Ohio State Bank

How did you add value to the deal?

Hired a PM to stabilize the property.

What was the outcome?

Going well so far.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Represented myself, I'm a licensed agent in Ohio and an active RE investor.

You’re in the right place! I started purchasing rental properties in 2009 and currently hold 48 units in Central Ohio. Feel free to reach out anytime. 

Thank you,

Trent Ecklar + Red 1 Realty 

Columbus and Memphis are very different cities. Memphis is nowhere near the “caliber” of Columbus Ohio in my opinion. Columbus OH is more similar to Austin TX or Denver CO.I would say Memphis is more similar to St. Louis, Cincinnati or Cleveland.

Now that said… I’d imagine the cashflow would be greater in Memphis due to having lower prices with similar rents. I would be concerned about vacancy and lack of employment in a downturn with Memphis.

Keep us posted with which city ends up the winner!

Trent Ecklar + Red 1 Realty

Pleasure meeting Navraj Gill you have a very doable goal. Columbus Ohio is a strong market for rentals. Let's connect to discuss.

I’d go with the Capital of the State. We’ve got too much going for us.