All Forum Posts by: Tyler Maddox

I do have a financial contingency. I am still trying to figure out if this is even something I want to buy because the appraisal just came back today at 30% list price. So we will see where this goes.. @Account Closed He has said that there is a family member that needs medical expenses. At this point in the game though, I think it is cold feet. 

I appreciate the responses guys. Thanks.

I was planning on buying a duplex with a partner that was going to help out with the down payment, and in return he would get a percentage of profit. I was going to have the home in my name because he could not have a bank give him a loan based off his employment history (he is recently out of the national guard and wanted to put his reserves in investment properties). Our closing date is in 1 week from today. A couple of nights ago I received a text saying that my partner is more than likely out of the deal. Leaving me to come up with the down payment. I have talked to the owner and he understands the situation because he was in the same guard unit as previous partner. Now I am scrambling to come up with the amount for the 20% conventional down payment. 

My thought was to let the contract expire then have a different set of financing terms. But will the same bank take the previous appraisal for a different type of loan? Or will there have to be another appraisal since it is only valid for that one date in time?

Also a +1 for Buddy Marks. 

@Peter Lohmann

I am in the process of getting my real estate license and would like to start interviewing brokers. Does anyone in the Columbus, OH area know of a broker that will take on a part-time (for now) agent that will be mostly an investors agent? I have been wanting to get my real estate license for the benefits that you can have as an agent/investor, but would also like to represent other investors in the area. Any recommendations would be great. Thanks. 

@Steven Tawresey from a Columbus perspective, German Village/Harrison West/Short North/Italian Village are the hotspot for hipsters. If you plan on coming to Columbus get in touch with this property manager that knows the city very well.. @Peter Lohmann

Good luck!

Hello BP members. I have been told time and time again from books, mentors, and investors alike that I need to get my team together first before starting to dive in to the meat and potatoes. That being said, does anyone have any reference(s) for a real estate attorney in the Columbus area? Thanks in advance and happy investing.

Welcome @Brandon Hartman - It seems like you guys have done the necessary prepping even before your first deal. It is nice to see some other younger investors trying to get in the Columbus area! No harsh feelings @Brian Hayes!

I would recommend @Brian Hayes with Ohio Property Brothers. Good guy that wont hank your chain and will give quality work. 

thanks @Kevin Felger I appreciate it