Updated over 5 years ago on . Most recent reply
Nationwide Children Hospital Rehab
Investment Info:
Single-family residence buy & hold investment in Columbus.
Purchase price: $50,000
Cash invested: $100,000
Rehabbed interior and exterior of house including built a single car garage
What made you interested in investing in this type of deal?
The area is improving and we to provide housing for the nationwide children workers
How did you find this deal and how did you negotiate it?
We found this deal on mls and made a fair offer based on our numbers
How did you finance this deal?
Private money from 2 lenders
How did you add value to the deal?
We pulled 3 bedroom & 2 bathroom comps of area above e Livingston.
What was the outcome?
We are holding it as long term rental
Lessons learned? Challenges?
Plan additional month to build a garage to partner with City on specs.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes we worked with keybank to cash out refinance the property and Plaid Properties to rehab the property
Most Popular Reply
@Ryan Mainwaring I haven't been there in a while. I ran the nationwide marathon a few years back but everytime I'm there it changes quite a bit. I had a cancer as a kid and was up there a lot (from portsmouth) and then all growing up was there at least once a year. And then more recently my niece had leukemia so my brother and sister in law were spending a ton of time there. That hospital has a special place in my heart, and it's nice to see places around it getting nicer.
Texas is great! San Antonio is a really great city and not a bad place to invest either.