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Ja'Mere L French
  • New to Real Estate
  • Springfield, OH
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Looking to start out using the BRRRR method here in Dayton, Ohio

Ja'Mere L French
  • New to Real Estate
  • Springfield, OH
Posted

I am new to the real estate game, but I am looking for my first property. I do not have access to a private lender so I plan on using the hard money method to buy and rehab the property. What are some things I should pay attention to, to ensure I minimize my mistakes? 

Thank you for your help!

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Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
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Remington Lyman
#5 Classifieds Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Originally posted by @Ja'Mere L French:

I am new to the real estate game, but I am looking for my first property. I do not have access to a private lender so I plan on using the hard money method to buy and rehab the property. What are some things I should pay attention to, to ensure I minimize my mistakes? 

Thank you for your help!

 Hard money lenders (at least in Columbus, Ohio) are going to want to see experience from their borrower, a scope of work, after rehab values, and an exit strategy before they lend to you. I would recommend that you reach out to one before getting into contract on something.

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