If you build a 200 unit location of 10/15/20 drive up access it will be worth $1mm day one above your cost.  

They agreed to disagree, and the other fellow was doing a variety of things Bill refused to do, which cost people a lot more money.

If a seller is offering $10k in assistance but the PP is only $189k on conventional a loan with only 3% contribution allowed, what are all the options for the for any of the left over contributions after. paying closings costs ?

what I'm telling people about hilltop is the only reason it's going up is because of the average housing price in columbus being pushed and the lack of inventory. when I started I'd have bought here too. if I was going to invest here I'd look at houses built after 1947 without knob and tube wiring, etc. the old housing is the problem. we are building now in downtown adjacent. land is a buyer's market and it's much less competitive and easy to get the numbers to work. there is very little construction in 43204 and I've transitioned to new construction triplex now with entitlement and larger multifamily projects feel free to message or call anytime. personally, l like new construction in 43203, 43205, 43206, 43223, 43222 right now and obviously 43215 which you have to have at least 600k in cash to get the land to entitle and want to build at least 100 units to make it worth it. 

So when I search for a place based on price, you come in ahead of her on the search, even though you might cost more.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

So more vacancy + higher turn over costs quickly eats into the C and D returns, often yielding returns only marginally better than A or B assets.  

The closing costs would be 19k with 5k in prepaids, with 14k in closing costs including broker fees.

Before submitting an offer, contact the Condo association to understand whether the property is non-warrantable (will require Non-QM financing) or warrantable (Approved by Fannie/Freddie) as that will impact the rates and terms you’ll qualify for  Lenders consider all costs when calculating your DSCR so get a head start by asking the association for HOA fees as this can really impact your ratio.

(If radon is an issue and you know about it as others have stated the cost to mitigate has gone down significantly and I’d do so).