Drew Sygit
Top 10 Biggest Midwest Cities: Which are Growing & Attractive for Investors?
17 May 2024 | 6 replies
I can barely get firms to look at columbus with 10x years of experience thats mostly for ground up. the average house cost is still less than 100k which means you have a lot of houses to tear down still to create a housing shortage. the economics don't make it favorable for any type of investing but turn key or maybe ground up in the urban core which works in any city. but compare any of these cities, I'll take Indianapolis, Chicago, Minneapolis, and columbus and Milwaukee and pass on the rest.
Gaetano Ciambriello
Questions to Ask When Buying a Home or Investment Property!
16 May 2024 | 0 replies
Value-addCore Urban vs.
Yocheved Beer
Can I put 0 percent down if my purchase price is .75 the appraised value
16 May 2024 | 14 replies
They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.
Sam Green
Self Storage
20 May 2024 | 121 replies
We are in a quiet suburb....more urban areas with higher crime rates might call for additional measures but again, don't let this deter you.Over the last three years we have averaged 8 NET move ins per month.
Robert Trevino
New Construction 4plex Vs Purchasing 4plex
15 May 2024 | 11 replies
we build stacked triplex 2004 sq ft total, 668 sq ft in columbus economics work here for new construction enough to pull all cash out with land in urban core very affordable on infill lots.
Ravi Karuturi
New Ground up Construction Loan Lender
15 May 2024 | 20 replies
I'd be interested in talking. my info is in my signature I'll message you to connect. we are looking for 85% LTC lenders for ground up triplex deals for three investors in Columbus Ohio. we are LPs in the deal just to qualify them and we have ground up experience as well as general contractor license. all construction sets, plans, etc. all of the entitlements we take care of so should be all set. totally vertically integrated and all the same plan. all urban infill lots close to downtown easy to appraise.
Jeffrey Richard
Current state of STR in Broward and Miami Dade
14 May 2024 | 8 replies
buy in a short term rental approved condo building in the urban core, pretty low risk. properties are appreciating at record levels, keep the price under 500k. buy a studio or 1 bed. we are doing this style development and it accounts for over 60% of condo development in miami dade.
Natasha Reid
Ohio for MultiFamilies
13 May 2024 | 4 replies
They talk about that at our ULI meetings which is a great organization to get involved with if you want to learn more about real estate and development in urban areas
Sam Booth
So Dave Ramsey says.....
13 May 2024 | 79 replies
Dave must have screened out anyone who had debt before he interviewed them because I don't believe his experience could logically be extrapolated to society at large.