All Forum Posts by: Jeremy Melloul

As David Greene would say. “Assemble your avengers” and get boots on the ground in the market you’re focusing on. There a many many resources on BP and even on this thread alone who would all be willing to help you with the “recruitment” process. Me included. I’m based in Columbus and would love to chat anytime you’d like.

Best of luck and keep us all posted on your Journey!!

Welcome to the world of REI, Atlas. I wasn't where you were too long ago. I was 2 hours north of you in LA for a decade and now I'm in Columbus, OH. Curious, you said you were interested in investing in the mid-east markets. Can you be more specific as to where and why you like that location? First step for me was to pick a market and focus on that market and not get distracted by the pretty shiny thing always vying for my attention.

I’m available to chat anytime you like. Best of luck man.

To give you some insight into the Columbus Market. It's currently the fastest-growing city in the country, and there is a major housing shortage. To keep up with the population growth for the next five years, 14,000 new units need to be developed each year. I'd be happy to chat with you about Columbus and why I'm so high on it.

Either way, I'd invest in Columbus if you have the opportunity to.

@Minho Lee. I would buy in Columbus OH. It’s the fastest growing city in America and is poised to pop. DM me if you’d like to know more about the CBus market.  

Hey Robert- it’s been 20 days since you’ve posted this.  Have you found the answer you were looking for? BTW, Thanks for your service 💪

Hey Jagpreet! Good thinking on investing in Ohio. I moved from LA to Columbus this past year just for the RE market. Would love to discuss anything REI related. Let me know!

Enrique- I have an AirBnb just south of Columbus in the Hocking Hills region. AirDna ranked it as their #3 best STR market in the Country. With and average occupancy ranging around 60% (depends on your product) the earning potential is high. You can maximize you CoC return if you go just south of the Logan area.

Thanks for you reply's.  After further analysis, I'm going to sell.  Appreciate the help!

I'm a new investor and would like some help navigating a deal situation. My GF owns her grandmas house and her grandma just moved into another house so the old house is currently vacant and it can either be sold as is which is very outdated and old at the moment OR my GF and I could put some money into rehabbing it, then rent it and refi. The Estimated ARV is $400K , the house was purchased for $175,000 the current mortgage payment is $1381 with a 30 year fixed rate of 3.3% with 25 years left on the loan. I estimate it will take about $70k in rehab costs and 4 months to complete. Its hard to get accurate comps since this house is the only 5 bed 3 bath house in the zip code but based off of 4 and 3 bed comps in the area I estimate a minimum of $2k in rent. Once its rented I would refi it but who knows where the interest rates will be at that time.

I'm thinking there's an opportunity to execute a good BRRRR here but I'm having a hard time analyzing it since the house is already owned since 1999. I may be making this harder then it has to be but I'd appreciate some help/feedback.

Thanks!

New investor here and I just moved to Columbus (1.5 months ago). I'd love to get together with some like minded people and talk REI. If anyone is up for a meetup reply yes or no to this thread. I'll organize depending on the results.

Hope to meet some of you.