All Forum Posts by: BJ Everson

Looking for a solid real estate/LLC focused CPA in the Columbus, OH area. Any recommendations?

ReCasa Financial Group is a good hard money lender in Columbus. Hard money is always expensive but they do allow you to not have a lot of your money in the deal as long as you own a personal residence. 

@Kaylee Fox Welcome! Columbus is a great market to get started with some of every level of properties. I am more of a buy/hold and fix & flip investor than wholesaling, but always willing to help! PM me if you would like to discuss further. 

@Brandon Sturgill lol okay. Is that all Hypothetical? 

@Keeton Byerly Checkout this property. In your price range and a duplex so you are an investor day one making rental income and still using FHA lending. I have no affiliation with the listing, just something Ive seen on the market.

https://www.realtor.com/realestateandhomes-detail/...

@Felix Reyes What Adam said; define good and I can help from there. DM me if you prefer

Selling Option:

- Provide owner financing on the whole portfolio. That way you sell all together and maintain income (time to retire comment you made). 

1031 Alternatives:

- This wont go with my selling option, but DM me if you would like to talk about Opportunity Zones and how that saves on your would be capital gains as well as re-invest your proceeds. 

Agreed with @Andrew Faukner. I have thought about this as well in the past with a good contractor. Where I would start is offer 1 project and split 50/50 where you do the financing and he throws in the labor. Some contractors dont like that idea b/c they would rather be for sure paid then risk the outcome of the sale and how much profit is actually made. If your contractor is interested in that risk then share it with him. In the end, the perfect outcome would be that he made more in his 50% of profit than you would have paid him and you made roughly the same as you saved on his labor costs and should have netted a larger profit with that not part of your cost structure.