Our efficient project management and timely market actions resulted in a strong return on investment.

My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.  

Columbus is a great market to look at as it is one of the top growing markets in the US right now.

Most deals are found off-market or in significant value add situations that require upfront capital. 

The strong market demand in the area indicated a high likelihood of a rapid turnaround.

Knowing more Bigger pockets members also helps find off market properties or whole salers and Realtors to help find good deals.

Replacing the furnace will allow you to market the property with an awesome, new fuel efficient furnace instead of a fuel hog that could break on any day.

Hey there,I am a business owner, located in Europe, and I am looking for a person who is just like me, a newbie investor, who has not invested yet, but has a lot of passion, drive and any business experience to invest (through syndication) in multifamily properties in USA (south, south east and south west).I have been involved in business ventures in the last 5+ years while working in various sectors, including marketing, aerospace and defense and e-learning.

Detroit is not what most investors consider an appreciation market. 2 years of appreciation during a time period when every other market appreciated also, following decades of up and down with extra down doesn't suddenly make it an appreciation market.

Hi Jaime,What site didyou use to market the rooms?