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12 June 2024 | 1 reply
Also wanted to buy this property as it was a board up directly across from my first investment property so by improving it I helped the neighborhood values and keeping the area up.
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11 June 2024 | 1 reply
The property will come with a private dock boat slip that is shared by 16 other owners (full time and part time) in the neighborhood.
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10 June 2024 | 5 replies
I did a duplex renovation did fine. very strong urban core market strong appreciation, we see new build activity there, I would stay north of 104. we would build around there and we only do urban core or urban core adjacent in columbus. look at new construction if you can't find inventory you like. plenty of lots all good appreciation in the urban core, strongest rents.
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12 June 2024 | 10 replies
Start small... maybe the 1-4 unit building, and then look for the next one.
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12 June 2024 | 7 replies
I went to the building and saw where they can get into the building but not necessarily the vents.
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12 June 2024 | 11 replies
I like it vs doing an older building where you're spot fixing problems and are hoping nothing to signicant is hiding in walls.
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14 June 2024 | 13 replies
I and other investors have bought 10+ unit building or packages that are in disrepair, run by landlords with no funds or inclination to rehab them and as a result were rented at very low rates to tenants who wouldn’t complain about all the problems.
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10 June 2024 | 19 replies
Plus they are getting super expensive to build.
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12 June 2024 | 8 replies
I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town. 8 standard 2/1 apartments - Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k Cap: 10 (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth, 34k/yrCurrent Cash flow: 531/mth, 6,378/yrAfter reno Cash Flow: 2131/mth, 25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).
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12 June 2024 | 1 reply
Good morning all,I’m a vet and current firefighter looking to build financial freedom.