Maher Ghazaleh
Interested in flipping houses and looking for connections
12 June 2024 | 20 replies
Honestly no, margins generally get even worse at lower price points, not trying to be a dream killer, I just know so many agents just make crap up or just haven’t flipped so they don’t understand the numbers involved, it’s near impossible to find anything I do a few hours a day everyday in 15 counties looking for deals on the mls, through wholesalers etc & I haven’t bought anything in over two years.
Conrad Legé
Advice on comps
9 June 2024 | 10 replies
(There were no pending/contingent) We completed the renovation, and put the property back on the market but the sold properties we used to justify the purchase were now too old.
Sean Haran
Reeb-Hosack area: feedback/opinions/advice on the
10 June 2024 | 5 replies
My office and my house are just north of Reeb-Hosack2 - I do not have the data to support this but based on what some of the long term tenants in the area are at with their rents, I would say they have increased a lot3 - I would say so https://www.zillow.com/home-values/76576/columbus-oh-43207/4 - There is crime in the area but no more than any other city
Sam Gupta
Where to start investment journey
10 June 2024 | 20 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Sam Schlosser
Investing in a friends deal
9 June 2024 | 7 replies
My first two partnerships went sour because of no agreement and no exit strategy.
Kyle Hendricks
Looking to connect with out of state brrrr investors
10 June 2024 | 13 replies
Quote from @Michael Smythe: @Kyle Hendricks Detroit is outperforming Columbus:) why's no one running to Detroit then. why did every investor I talk to who lives in Detroit not invest there at BP con?
Simone Montague-Jackson
Finding a roommate
9 June 2024 | 4 replies
They charge an annual fee, but there are no additional transaction fees.
Logan Vance
Looking to purchase the current building i am renting from the owner.
5 June 2024 | 2 replies
I know the mortgage payment would not be no more than double that, and i would make near 3k per month in just rent from the current renters(including the owners rent).
Timothy Michael Mick
Transaction Coordinator Law
9 June 2024 | 35 replies
"No Fear Top Tier - Transaction Coordinator"We bring you the expertise and experience of Pace Morby's very own transaction trained coordinators.
Joseph Lombard
Should i use a HELOC
6 June 2024 | 3 replies
just be cautious when it comes to using these. ensure you've got a plan to pay that balance back in a relatively quick fashion as most HELOC rates can fluctuate which could make the numbers suddenly not work. i've leveraged mine in instances where i'm doing a BRRR and i want the deposit for a private money loan. i'm not using it as my downpayment and leaving it out there for a long period of time.