All Forum Posts by: Dustin Faeth

Don't miss out on this one for your rental portfolio - Fully renovated duplex in Columbus, OH including all new mechanicals and updated electric! Each side is advertised for rent at $700/month and several applications are being reviewed right now for acceptance, so this property will be fully occupied soon at $1400/month rental revenue! Click Here for More Pictures and Info

Asking Price: $60,000 CASH

Monthly Rental Income: $1400

Monthly Expenses: $406.52

Positive Monthly Cash Flow: $993.48 (includes property management fees)

Net ROI (after expenses): 20%

This property won't last long so please send me a message if interested and we can discuss in more detail. For more pictures and information, please click on this link Click Here for More Info on This Property

great idea @Steve Baldwin I would definitely be interested in a monthly meetup group like this

@J Scott My misunderstanding!! Thank you for the correction

@Paul Jamgotch this would be DD return on contributed funds....for this example suppose we negotiated 12% interest on your total contributed funds of $78,900, and the total hold time was 4 months, your interest dollars earned on your investment for this project would be $3,156.

Currently seeking a private lender to fund one of our latest rehab projects we just went into contract on in Columbus, OH. Below are the basic numbers on the project, so contact me if you are interested in this private lending opportunity and I will provide you with more detail, pictures, CMA, etc.

PURCHASE PRICE: $53,900

REHAB COST: $25,000

ARV: $120,000

ESTIMATED HOLD TIME: 4 MONTHS (from time of purchase, rehab, & sale)

As a private lender on this project, your investment will be secured by first lien against the property, and we will provide you with a solid double digit return on your investment. You can private message me here on BP or shoot me an email at [email protected] for more details and to discuss lending terms. Thanks!

Dustin

Thanks for the suggestions @J Scott. I was able to get both of these deals funded, but wanted to reply to your comments:

For these two deals, I did have purchase contracts already in place that I could provide to the lenders. Also don't have an issue with providing some skin in the game on deals.

As far as my experience and successes as an investor, my company has completed six rehabs in the past 9 months, and we have really ramped up our business for 2014 and currently have 6 active rehabs in progress, and 3 more properties we are in the process of purchasing now. Our goal is to do about 40 homes this year. Our most recent success story was a rehab we finished mid-February and had a buyer in contract after only 6 days on market with a full price offer.

Looking forward to a hot spring and summer real estate market in Columbus, Ohio this year, and many more successful projects to come.

SEEKING PRIVATE LENDER FOR TWO DEALS WHO WANTS A 3-MONTH RETURN FOR ONLY 45 DAY HOLD TIME. **END BUYER ALREADY LINED UP!! We currently have two properties we are purchasing to rehab, place tenants, and sell as a turnkey rental property to an end buyer that we already have in place. Both deals are a light rehab and the buyer is financing the properties with a bank loan, so the total hold time for the lenders funds on this deal should only be about 45 days, but we will pay minimum 3 month return to our lender. Below are the numbers for each deal:

DEAL#1:

PURCHASE PRICE: $20,000

REHAB COST: $18,000

CLOSING AND HOLDING COSTS: $2,000

TOTAL FUNDS NEEDED: $40,000

ARV/SALES PRICE: $70,000 (have appraisal supporting ARV)

DEAL#2:

PURCHASE PRICE: $25,000

REHAB COST: $4,500

CLOSING COSTS & HOLDINGS COSTS: $4,000

TOTAL FUNDS NEEDED: $33,500

ARV/SALES PRICE: $60,000 (have appraisal supporting ARV)

OVERALL TOTAL FUNDS NEEDED $ 73,500. Please send me a message here on BP or email me at [email protected] if interested in being our lender for these projects and we can discuss terms and provide more details. Thanks!

Dustin

Hi Dan, welcome to BP! I'm an investor here in Columbus as well so feel free to reach out to me if you ever have any questions or need anything. Good luck!

Welcome to BP Tom...this is a great site with tons of helpful info and lots of amazing members willing to help and answer any questions you have. Best of luck!

SEEKING PRIVATE LENDER WHO WANTS A 3-MONTH RETURN FOR ONLY 45 DAY HOLD TIME. **END BUYER ALREADY LINED UP!! We currently have a property we are purchasing to rehab, place tenants, and sell as a turnkey rental property to an end buyer that we already have in place. This is a light rehab and the buyer is financing the property with a bank loan, so the total hold time for the lenders funds on this deal should only be about 45 days, but we will pay minimum 3 month return to our lender. Below are the numbers:

PURCHASE PRICE: $25,000

REHAB COST: $4,500

CLOSING COSTS & HOLDINGS COSTS: $4,000

TOTAL FUNDS NEEDED: $33,500

ARV/SALES PRICE: $60,000

Please send me a message here on BP or email me at [email protected] if interested in being our lender for this project and we can discuss terms. Thanks!

Dustin