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9 February 2024 | 6 replies
Your issue is really going to be loan size here, that dollar amount is likely to be too low for both reputable DSCR Lenders and even Hard Money Lenders.
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8 February 2024 | 5 replies
And saddest part is it's exclusively and wholly due to regulatory/political actions (ie manufactured/self-inflicted stupidity) For those not in the know, it's worth a read the far too long list of insane anti-landlord measures recently into effect.
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9 February 2024 | 18 replies
Follow to the T or request assistance with a local and reputable PM.
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9 February 2024 | 13 replies
The only exception is if it was a super small job like sub $200.We do this because he will drop almost everything to help us, and two we want a reputation with our contractors that we pay our contractors in full and in a timely manner once they have completed a quality job.We use the same folks for most jobs and they will push other jobs out of the way or come out on emergency calls.
8 February 2024 | 2 replies
The other thing is VA is a very reputable loan it offers 100% financing with wiggle room for Credit scores and DTI.Put in a strong offer and tell your agent to step up and get aggressive and ensure the sellers agent or seller they have very strong and qualified VA buyer.
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8 February 2024 | 17 replies
I did see they were named one of the top manufacturing cities in US for 2023 or something along those lines.I think what you are doing so far is great.For DSCR loan around here you will probably need to put down 30-40%, since your rent needs to be greater than your PITI.
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7 February 2024 | 6 replies
Of course tenant attorney says there is no cause, tenant pays and there is no merit to the termination.Termination letter served (sent by PM 90 days prior that puts end date at 2/29/2024) is based on a lease paragraph stating tenant did not abide by lease regarding “agrees no drugs or other illegal substances will be used, manufactured, sold, or distributed, on, or from the property.”
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7 February 2024 | 0 replies
Purchase price: $210,000 Cash invested: $50,000 Manufactured home on 10 acres.
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8 February 2024 | 7 replies
Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.
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7 February 2024 | 4 replies
It has tech and manufacturing job growth and all the signs for solid appreciation.