All Forum Posts by: Dracy Campbell

@Chandler Kimble thank you for your post. I will let them know. Can you send me your contact info so I will have it readily available for them?

Remington! Awesome name and even better information! Thank you for taking the time to share.

Hello BP,

I'm looking for average rates of property insurance and property taxes for rental properties in Columbus, OH 43206. I'm looking at 4 unit, 2 bed 1 ba, 6,160sg/ft

Also, if anyone has property in the area and would be willing to share how much they pay for monthly expenses(gas, water/sewer and garbage) per month that would be great.

If anyone has information on this please share or let me know where I can find the exact info. Thank you!

@Onan Dumas thank you for the input! You and @Alex Grosvenor definitely helped me see that this is a risky situation and could compromise the investment.

When I secure financing I may rent to them but let them know that rent to own is not an option and they will need to find another house when they are ready to own unless they are willing to cover the fees associated with the sale. Then fill the vacancy with new tenants.

From your experience do you see this possibly being a successful way to go about it or would connecting them with a seller and walking away with a finders fee be better?

Do you know any mortgage brokers that lend to buyers with average scores? @Lucia Rushton

Thank you I needed that info to help me clarify and better understand how this could play out. Have you worked with any mortgage brokers that lend to buyers with average scores? @Alex Grosvenor

@Brian Garlington great input! thank you for sharing. Saved me from having to repost the same CPA question

Hey @Lucia Rushton they are in the process of rebuilding their credit. It’s two house holds that are family. 1 family is military and both are around mid 600s and still in school so they are worried about getting in over their heads at the moment. They expressed that they would like to ease into things as they transition into becoming homeowners

@Alex Grosvenor I completely understand what you mean. It’s going to take a diverse investor for this one. Thank you for the suggestion! I will definitely consider.

Based off of your experience in the industry do you think this type of deal would interest a cash/silent partner or private lender that invests in both flip type deals and long holds? That’s assuming that the properties cash flow well and also appreciate while held.

A steady cash flow with the potential for increased property value seems great for an investor that isn’t local and isn’t interested in utilizing a management company long term or at all.

Would that be worth consideration or do you think the fees and closing cost from a sell would potentially diminish gains?

@Bruce Lynn thanks again Bruce I wasn’t aware of the law on that down there but I will keep clear