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19 February 2024 | 5 replies
I have a YouTube channel I just posted a deal we are doing on if you search pink development you can see the lot. on my triplex I don't build a garage so every sq ft is appraisable. on my single family we have to build garages most of the time unless it's our micro home 700 sq ft that we sell for under 200k. the rent price / sq ft of SFR even smaller ones is maybe on average $1.70, on our 650 sq ft floorplan it's closer to $2.43 which is about 40% more efficient. supply and demand. very few multifamily built, higher appreciation, etc. most of the people who do them refinance why go through all that effort just to sell. appreciation in columbus last 3 years averages 8.65%. we only do this in 3 zip codes in columbus close to the urban core where new construction values are about a 15% or 20% premium and where there is already a lot of multifamily and it's easy to get them approved on an infill lot.
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19 February 2024 | 1 reply
I originally wanted to offer $1.25MM with 15% down and seller financing at 6% 30 yrs amortization with 5 yr balloon.
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19 February 2024 | 6 replies
I also like to be close to Central Ave as demand for rentals will be higher and I can also ask for higher rents.
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20 February 2024 | 14 replies
I have not had any lender financing (other than seller financing) since about 2009.
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19 February 2024 | 44 replies
Than, once got that completed, then with new revenue stream can shift-gears to than focus on trying hand at STR, with ability to give it appropriate attention and focus it WILL demand.
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20 February 2024 | 62 replies
I am just not big enough to demand immediate response.
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21 February 2024 | 45 replies
There's so much demand, but little availability of properties to sell.
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20 February 2024 | 24 replies
Right now, nearly all of the purchase contracts we see have some type of seller concession on them to incentivize a buyer to choose that home.
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19 February 2024 | 13 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
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19 February 2024 | 2 replies
Between people relocating here, retiring here or transferring here with the military demand for MTR is solid.