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15 April 2024 | 9 replies
I would base this on your numbers, not sellers (seller financials are one of the biggest jokes of this industry), and your return requirements.
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16 April 2024 | 11 replies
I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.
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15 April 2024 | 4 replies
If you have trouble showing income and the property is non owner occupied, you may qualify based on DSCR
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15 April 2024 | 0 replies
(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000 vs NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?
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15 April 2024 | 35 replies
Appreciation is based on the specific/immediate area of a specific property...not the state.
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15 April 2024 | 11 replies
BiggerPockets is an excellent site for networking with other investors and obtaining referrals for agents who are favorable to investors.Real estate Brokers: Seek out Cypress, Katy, and Sugar Land-based brokerages with a significant presence.
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14 April 2024 | 19 replies
I have never seen that.Any deal you analyze underneath it will say "match me, looking to buy or sell"
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15 April 2024 | 27 replies
My advice (based on my own personal experience with investing in the Columbus, Ohio market) is to secure the asset even if it's not bringing in as much as you desire (within your finanial means of course) because today is the cheapest that property will ever be.
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15 April 2024 | 1 reply
2) As a partial year resident, do I just include the resident portion of taxable income in the base, rather than use the non-resident worksheet?
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15 April 2024 | 6 replies
Questions I'd have if I were in your shoes would be based around how the CAM expenses, management, taxes etc are going to work.