Hey guys --- I know you probably don't want to give up your gem contractors in Columbus because they're probably busy doing awesome work for you right now, but you can help a newbie with an intro out I won't scale THAT fast! :-)
Real Estate Agent · Columbus, OH · Member since 2016 · 593 posts · 664 votes
7y
Hi Peter, I've got a good GC that you can use. I sent him to a client in the past and no complaints on over a 100k rehab. I can send you his info in a PM.
Also just completed my first BRRRR property in Columbus and was a great success. I am living in the other half but still seeing some cashflows as the rent is higher than my mortgage. I should be able to re-fi for more than I put into the home. I'll go 100% LTV with a VA loan. Point is Columbus is a great place for BRRRR strategy and would love to talk with you more about it!
@Adam Fansler I'm looking for a GC. I would like to close on my first BRRRR property in the next month, but the obvious large variable is the rehab cost. Looking for an honest contractor, doesn't have to be the cheapest, but I need quality work done as close the estimate cost as possible. Also open to agents if you're good at finding these type of deals in the Columbus area.
Real Estate Agent · Columbus, OH · Member since 2016 · 593 posts · 664 votes
7y
Hi Peter, I've got a good GC that you can use. I sent him to a client in the past and no complaints on over a 100k rehab. I can send you his info in a PM.
Also just completed my first BRRRR property in Columbus and was a great success. I am living in the other half but still seeing some cashflows as the rent is higher than my mortgage. I should be able to re-fi for more than I put into the home. I'll go 100% LTV with a VA loan. Point is Columbus is a great place for BRRRR strategy and would love to talk with you more about it!
Hi Peter, I've got a good GC that you can use. I sent him to a client in the past and no complaints on over a 100k rehab. I can send you his info in a PM.
Also just completed my first BRRRR property in Columbus and was a great success. I am living in the other half but still seeing some cashflows as the rent is higher than my mortgage. I should be able to re-fi for more than I put into the home. I'll go 100% LTV with a VA loan. Point is Columbus is a great place for BRRRR strategy and would love to talk with you more about it!
Austin - that is awesome! Congrats on your success, I'm happy to hear someone has had success in that market. Would love to connect on the phone and pick your brain for 20 min later this week or weekend. My brother is a police officer in Dublin and former military as well and he's also my business partner for our BRRRR strategy. Who knows, maybe there's a way we could do a deal together in Columbus at some point?
Hi Austin - congrats on the BRRRR property success! Did you do a house hack / BRRRR? Sounds similar to what I plan on doing this year in the Columbus market. There are lots of older homes in Columbus which seem to be livable but in need of some updates. Did you rehab the side you live in while tenants occupied the other side or did you rehab the entire property before getting tenants?
Hi Peter, I've got a good GC that you can use. I sent him to a client in the past and no complaints on over a 100k rehab. I can send you his info in a PM.
Also just completed my first BRRRR property in Columbus and was a great success. I am living in the other half but still seeing some cashflows as the rent is higher than my mortgage. I should be able to re-fi for more than I put into the home. I'll go 100% LTV with a VA loan. Point is Columbus is a great place for BRRRR strategy and would love to talk with you more about it!
Only thing i'd say is 100% on a BRRRR in columbus is still risky. pulling all equity out is. you should be 70% of value after the BRRRR and that's a successful project. you won't be able to go to 100% LTV on more than one property that's your primary
Rental Property Investor · Columbus, OH · Member since 2019 · 131 posts · 183 votes
6y
@Austin Steed would you be willing to share your contractor's info again? I just got into contract on a duplex that needs a heavy cosmetic overhaul on both sides. Thanks!
Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
6y
@Austin Steed would you mind sending me you GC’s name and number? My GC right now is a bit under educated and I need someone who knows a bit more about finish and construction.