All Forum Posts by: Blessing Uzoma Mbamalu
Blessing Uzoma Mbamalu has started 1 posts and replied 7 times.
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Quote from @Austin Steed:
Quote from @Blessing Uzoma Mbamalu:
Hello all, I am from NYC and currently closing on a duplex in Marion village. This is my first investment property and although I know Columbus is better for appreciation vs cashflow, I would like to atleast net positive as I hold onto the property. I am closing at 372k for a 2.5bd and 1ba per side. Mortgage running around 2900 for 15% down.
I am considering adding a bath for one side to do MTR not so much STR because I hear it is difficult to find a good pm (unless anyone has suggestions) and do some light cosmetic updates on one side for a LTR (median $1760/mo) for consistent/passive income.
I wanted to know if there are any contractors/handymen/women (looking for quotes this week), property managers (STR/MTR/LTR), electricians that you would reccomend for the beginning of this process. Thank you!
Also curious if anyone has experience doing a different strategy per side of a multifamily, any pros or cons to share? Thank you.
If you want to go the STR route we've used Hospitality and had a good relationship with them. I can send you their contact information via DM
For my columbus portfolio I personally like the bread and butter of REI and that's LTR. You can have some sunk cost if you decide to not stick with the STR or MTR.
Thank you for the insight, I definitely have been mulling over that for some time. It's just that either str I like the idea of being able to cashflow better with less wear and tear. Although operating costs/effort go up. However I chose to look b+ and up just to be have more flexibility regarding strategy
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Quote from @Catherine Ding:
Quote from @Blessing Uzoma Mbamalu:
Hello all, I am from NYC and currently closing on a duplex in Marion village. This is my first investment property and although I know Columbus is better for appreciation vs cashflow, I would like to atleast net positive as I hold onto the property. I am closing at 372k for a 2.5bd and 1ba per side. Mortgage running around 2900 for 15% down.
I am considering adding a bath for one side to do MTR not so much STR because I hear it is difficult to find a good pm (unless anyone has suggestions) and do some light cosmetic updates on one side for a LTR (median $1760/mo) for consistent/passive income.
I wanted to know if there are any contractors/handymen/women (looking for quotes this week), property managers (STR/MTR/LTR), electricians that you would reccomend for the beginning of this process. Thank you!
Also curious if anyone has experience doing a different strategy per side of a multifamily, any pros or cons to share? Thank you.
2bed/1bath in merion village for $1760/mo LTR?? Are you sure? That seems extremely high to me
Hello there, its technically a 3bd and 1ba. Will be adding .5 bath per side. These are the comps I got for the area, but definitely open to hearing your perspective
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Quote from @Jimmy Lieu:
Quote from @Blessing Uzoma Mbamalu:
Hello all, I am from NYC and currently closing on a duplex in Marion village. This is my first investment property and although I know Columbus is better for appreciation vs cashflow, I would like to atleast net positive as I hold onto the property. I am closing at 372k for a 2.5bd and 1ba per side. Mortgage running around 2900 for 15% down.
I am considering adding a bath for one side to do MTR not so much STR because I hear it is difficult to find a good pm (unless anyone has suggestions) and do some light cosmetic updates on one side for a LTR (median $1760/mo) for consistent/passive income.
I wanted to know if there are any contractors/handymen/women (looking for quotes this week), property managers (STR/MTR/LTR), electricians that you would reccomend for the beginning of this process. Thank you!
Also curious if anyone has experience doing a different strategy per side of a multifamily, any pros or cons to share? Thank you.
Hi Blessing, congratulations on your new property! You can also check local FB groups in your area and see who the most recommended services are. I manage one for Columbus and see a lot of successful referrals there. Happy to connect and answer any questions you may have.
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Quote from @Nicholas Coulter:
Quote from @Blessing Uzoma Mbamalu:
Oh yes @Nicholas Coulter, he did offer some suggestions but hoping to see if there are any others that may be reccomended to compare some quotes before closing.
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
thank you @Austin McClain, I really appreciate it!
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Oh yes @Nicholas Coulter, he did offer some suggestions but hoping to see if there are any others that may be reccomended to compare some quotes before closing.
Post: Contractors, electricians, plumber,pms to reccomend for MTR/LTR duplex
- Posts 7
- Votes 10
Hello all, I am from NYC and currently closing on a duplex in Marion village. This is my first investment property and although I know Columbus is better for appreciation vs cashflow, I would like to atleast net positive as I hold onto the property. I am closing at 372k for a 2.5bd and 1ba per side. Mortgage running around 2900 for 15% down.
I am considering adding a bath for one side to do MTR not so much STR because I hear it is difficult to find a good pm (unless anyone has suggestions) and do some light cosmetic updates on one side for a LTR (median $1760/mo) for consistent/passive income.
I wanted to know if there are any contractors/handymen/women (looking for quotes this week), property managers (STR/MTR/LTR), electricians that you would reccomend for the beginning of this process. Thank you!
Also curious if anyone has experience doing a different strategy per side of a multifamily, any pros or cons to share? Thank you.