All Forum Posts by: Dustin Faeth

If you are looking for a great rental property in the Shaker Heights, Cleveland, Ohio, with tenants already in place, I have the one for you!

This home has been fully updated, and also has newer windows, and mechanicals are in great shape (I have pictures I can send if you are interested). 3 bedrooms, 2 bathrooms, and 1316 sq.ft. of space with a detached garage.

The current tenants pay $825/month and have a security deposit of $825 in place, and the tenant also pays all utilities including water/sewer. Their lease agreement expires 7/31/14 and was a 12-month lease that started 8/1/13. Market rent in the area for similar 3-bedroom homes like this are $950/month, and this property has rented for that amount in the past, so there is potential for much more cash flow with this one! Asking $49,000

Message me on here or you can send me an email at [email protected] with any additional questions, or if you would like to see pictures. Thanks

Dustin

Hi BP Nation,

My company located in Columbus, Ohio is producing freshly rehabbed, turn-key rental properties that are cash flowing and providing buyers with double digit returns on their investment immediately!

We have single family rentals, duplexes, and 4-family units and they all have been rehabbed by our licensed contractors, occupied with great PAYING tenants, and have property management in place.

Columbus, Ohio has a solid rental market, and now is a great time to be building your rental portfolio with properties that can give you back a double digit return on your money. We do all the hard work for you with locating the right property, rehabbing it, and placing a tenant and property management company, so that all you have to worry about it collecting your monthly rent checks!

You can contact me by messaging me on BP, or directly by phone at 614-414-2468 or email at [email protected]. Thanks!

Dustin

Congrats Jim!!! Let me know if you are looking for any other rental properties to purchase in the Columbus area and I can find you some great properties with solid returns. Good luck!

Hi Amanda, I am a full time investor in Columbus, Ohio and we purchase properties throughout the area and rehab them, place a tenant, and then sell as a turnkey rental property to buyers wanting to own a rental property bringing in solid monthly cash flow and great returns. We can also have the property setup with a local property management company already in place so they would keep an eye on the property, keep tenants occupying it, take maintenance calls, etc. We would provide all numbers to you showing monthly expenses, rental income, property management fees (if you choose to have a PM take care of the property for you) and show your projected net income on the rental property. Feel free to contact me if you are interested in discussing more, or any other ways I might be able to help you with acquiring rental properties in Ohio.

Dustin

Hi Clyde, I have a couple good title companies I have used in Columbus that you can check out...Search2Close is one, and have also used Title First to close a wholesale deal.

Good luck.

Dustin

Hey Craig, first of all, thank you for your service, and welcome to BP. I am a full time investor in Columbus a do a little bit of wholesaling, but mostly focused on rehabbing right now. There are some good REIA meetups in Columbus...my favorite is the COREE group, and their monthly meeting is actually Tuesday next week if you are interested in checking it out. Also, feel free to contact me with any questions or if you need advice on anything and I will give you whatever input I have and hopefully be a good resource for you.

Dustin

Great info Josh! Thanks I will check this out...much appreciated.

@Pam R. - Thanks for the follow up. Everything ended up working out okay. I discussed with the tenants and then went ahead and posted an ad on Craigslist for a sublease tenant to fill the vacant bedroom and got a few responses from interested OSU students looking for a place immediately...a couple days later, the current tenants came to me with one of their friends that just moved back to Columbus from Florida and looks like he will be taking over the 3rd bedroom and moving in this Monday to carry out the rest of the lease. Crisis averted...thanks for all the advice!

Hello BP,

I have heard some investors mention they try to be present when the appraiser shows up at a home they have recently rehabbed and are selling, to make good with the appraiser and discuss all the improvements and added value to the home while the appraiser walks through...I have never personally done this but I have an appraisal scheduled on one of my properties for sale this week, and wanted to get some input from BP members on whether this is a good move and a potential benefit to the appraisal value, or just Busch league. Looking forward to hearing your response!

Dustin

Pam R. This property is located on north campus - E. Patterson Ave.

Colleen F. I will definitely go have a sit down with them this week to let them know it is their collective issue since all 3 signed the lease, and also see if I can assist in finding a new tenant to sublease for the remainder of the lease.