All Forum Posts by: Joshua Hively

@James Wise Let's go! Where do I apply?! 

@Robert Ellis This one was in Westgate. For those of you reading this who are not familiar with the area, Westgate is sort of a diamond in the rough of 43204. Rob actually has a recent analysis of the 43204 area. He can probably link that below for reference. The net profit margin was right around $25,000.

https://www.redfin.com/OH/Columbus/214-S-Brinker-Ave-43204/home/75594998

The next meeting for the Central Ohio Investor Network is MONDAY, March 16th at Smokehouse Brewery at 1130 Dublin Road.  The speaker for our meeting will be Brad Clarizio. Brad started his journey in real estate nearly 10 years ago by buying a flip at the age of 20. Since then, he has grown his flip and rental portfolio to the point where he was able to walk away from his full time corporate job in 2019 to focus on real estate full time. Brad wants to share his lessons with you and what life has been like since being 100% dedicated to real estate. Also, he's outrageously good looking. We continue the two new segments for our meetings in 2020 - Success Stories and a Have/Want Session. Before our speaker, we will hear a positive story from someone in our group that was possible because of COIN. If you have a story you would like to share, please let us know! After our speaker, we will have a 15 minute "Have/Want Session". Our goal is to increase the focus of the networking in our group and we hope this session will help facilitate introductions and conversation. The session will allow those who are interested to briefly (30 second limit) address the group and say one thing they have to offer and one thing they are looking for. We do not expect everyone to speak, but this will hopefully help everyone find someone to connect with during the networking session. A few examples of statements that people could make: "I am looking for a BRRRR opportunity in a B class neighborhood and I have experience in passive investing through syndications that I can share with people." "I am looking for opportunities to lend private money and I can offer mortgage counseling and lending." "I am a beginner and would like to hear how others have gotten started while working a 9-5 job and I am a financial advisor so I can help people with 401k rollovers after they quit their jobs and do real estate full time." Please try to arrive around 6 pm to network and order food and drinks. The speaker will start at 6:30 pm. As a reminder, we get the room for free, so please help us keep it "free" by spending some money! After the Have/Want Session, feel free to move into the space behind the meeting room - this will hopefully reduce the networking noise!! We hope to see you there!

For March's Meetup, Sean Grabow will be joining the group to talk about acquisitions. Sean's company does a high volume of wholesale deals as well as buy and hold and short term rentals.

If you have questions you want answered at this event head on over to twitter and post your questions under #Newbierei and #newbieacquisitions

Networking before and after! 

@Dave H. No problem. Headed your way.

Hey @Nick Cooper. Not everyday we see someone from South Vienna on here. I grew up in South Charleston. In Columbus now. Looks like @Tim Delaney got you the answer you need. Feel free to reach out if you need anything or want to connect.

We love BRRRR deals! Just got the appraisal back last week on a textbook BRRRR deal we are currently working. Not only was it a more than perfect BRRRR, cash flow is at $200/door (duplex) after ALL expenses including property management even though we are currently self managing.

I will attach the BP Calculator report below. It reads a little weird because we financed 100% with private money at 12%. $55,000 purchase $30,000 rehab (Combined is $85,000 but in the calculator it won't allow you to add interest to rehab cost). We needed an appraisal of about $130,000 to be out 100%, it came back at $150,000. That's about a $15,000 check after closing cost and ect. Rents are $850 and $875 and one of the tenants is taking care of the lawn. We were direct to seller on this deal.

 Columbus Ohio is alive and well when doing off market deals!

BP Calculator Report

The link expires in 7 days. If you are reading this and it is expired, message me and I would be happy to share details and discuss.

Hey Dave. My team is actively wholesaling, rehabbing and holding in Columbus Ohio. I would be happy to chat with you about some of the opportunities here.

If you are new to the game and haven't already, I would recommend reading David Greene's book "Long Distance Real Estate Investing".

You can spend $200k flipping houses in any US market. I would spend more time focusing on establishing a relationship with an operator. Boots on the ground. Flipping houses can be difficult even when you are managing them from the same city. Once you find someone you trust with teams, systems and processes in place I would want to start with a partial investment in a deal as a test run. If the deal goes well and you like your team you can continue to scale your investments. Investing the whole $200k in your first deal would be an unnecessary risk in my opinion.

Join the Central Ohio Investors Network Facebook group to recevice updates on future events! The next meeting for the Central Ohio Investor Network is Tuesday, February 18th at Smokehouse Brewery at 1130 Dublin Road.

The speakers for our meeting will be Liz Payne and Cory Cox, insurance agents for Hosket & Ulen. They will talk about the top 4 things to make sure are listed properly on your property policy. They will also touch on new risks & offerings, such as the AirBNB market & service line coverage, as well as review builders risk & installation coverage for anyone doing work, or hiring someone to do work, on their investment property (or their own home!). Along the way, Liz and Cory will answer any and all insurance questions you have!

Hosket Ulen Insurance Solutions provides solutions to businesses and families throughout the United States. We strive to provide a true, concierge client experience which is unique in the insurance industry. We give clients the power of choice from top-rated national and regional insurance carriers. If you own residential or commercial properties, you face a diverse set of risks and potential losses. From liability issues to damage protection, Hosket Ulen will help you navigate the world of property insurance and design coverage that's a perfect fit. Hosket Ulen has the capabilities of a national broker while being a locally owned and operated agency. At Hosket Ulen Insurance Solutions, our mission is very simple. The members of Hosket Ulen are dedicated to being active members of the communities where they work and live - giving back to many organizations. Our goal is to earn your trust and confidence and to join our client's team of trusted advisers.

We will be adding two new segments to our meetings in 2020 - Success Stories and a Have/Want Session. Before our speaker, we will hear a positive story from someone in our group that was possible because of COIN. If you have a story you would like to share, please let us know!

After our speaker, we will have a 15 minute "Have/Want Session". Our goal is to increase the focus of the networking in our group and we hope this session will help facilitate introductions and conversation. The session will allow those who are interested to briefly (30 second limit) address the group and say one thing they have to offer and one thing they are looking for. We do not expect everyone to speak, but this will hopefully help everyone find someone to connect with during the networking session. A few examples of statements that people could make:

• "I am looking for a BRRRR opportunity in a B class neighborhood and I have experience in passive investing through syndications that I can share with people."
• "I am looking for opportunities to lend private money and I can offer mortgage counseling and lending."
• "I am a beginner and would like to hear how others have gotten started while working a 9-5 job and I am a financial advisor so I can help people with 401k rollovers after they quit their jobs and do real estate full time."

Please try to arrive around 6 pm to network and order food and drinks. The speaker will start at 6:30 pm. As a reminder, we get the room for free, so please help us keep it "free" by spending some money! After the Have/Want Session, feel free to move into the space behind the meeting room - this will hopefully reduce the networking noise!!

We are starting a new COIN Directory for 2020. Even if you were in the past Directory, you need to enter your information to our 2020 COIN Directory. 
We hope to see you there!

@Ishmael Vir Like @Remington Lyman said, if you have a deal you will find a buyer. There are way more buyers than deals. If you really want to build a buyers list, scrub through the REI Facebook groups for emails. There are 1000's. Shoot me a message and I can get you connected.