Tough to give an opinion without having some more info on the property, area, and of course who you're trying to appeal to with a waterfront property (yourself, potential renters...?)

That said, I see a lot of potential for things to go wrong and get messy here.

Will that revenue be divided evenly among the 7+ potential streams listed here?

Been asking all potential buyers for a POF to schedule showings for any wholesale properties we have under contract. 

Columbus offers a lot of potential for future growth with many big-tech companies either moving into the market or expanding their business here, which is contributing to rapid economic development.

We recently received a quote for a commercial property buy. I am looking to gather a few more quotes from local lenders. There are two tricky areas with this building and the buy:1) It is owned by the company operatin...

It's not so hard to manage an LTR from close by but if you're thinking of being more than an hour away, you might also need to factor in PM costs which might take away from your potential cash flow. 

I would also argue that there are plenty of landlords out there that have rentals which are currently below market rental price.I assume that this part of the tax code was created to prevent those with multiple homes from letting relatives live in one for almost free, while potentially hiding that rental income and not having it registered as a business and pocketing the money.  

After a while you learn the area and values and can easily spot a good value but for the most part we ignore the asking prices and send offers that make sense for OUR numbers and goals.We have to send a lot of offers yes but it ensures we don’t overpay or if we do pay full price it’s because we absolutely loved the asset and see growth potential.

Interested in LTR’s, Multi-family, hard money lending, creative financing and potential partnerships     🏠 💵 📈