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27 July 2024 | 10 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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27 July 2024 | 2 replies
However, I've come across one potential issue that I'd like to clarify.I've read some articles suggesting that in Oklahoma City, it's not possible to purchase a property without using it as a primary residence.
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31 July 2024 | 53 replies
Any book, article, blog?
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28 July 2024 | 14 replies
Yes for sure - I have an article and youtube video version breaking down the "buckets" of financing options for Multifamily depending on 2-4 Unit Bucket, 5-10 Unit Bucket and 11+ Units - all are very different - I don't think I can share links here but if you DM I can send you the linksI also published an article last year on "small multifamily dscr loans" which should also be helpful!
1 August 2024 | 125 replies
@Roger SteciakGood articles!
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25 July 2024 | 3 replies
This article talks about the area being saturated with STR'S and city council looking to double the lodging tax.https://pagevalleynews.com/lodging-owners-speak-out-against-proposed-doubling-of-lodging-tax/
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25 July 2024 | 2 replies
I have an article here all about how to find a great provider: https://www.biggerpockets.com/...
25 July 2024 | 8 replies
Thanks in advance Hi - check out this article published last year here on BiggerPockets - it addresses this exact question all the info and options on BRRRR financing, hope it helps!
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26 July 2024 | 19 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
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25 July 2024 | 10 replies
My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow.