All Forum Posts by: Marc Rice

@Brandon Ribeiro

Do they cash flow? Did you run a worst case scenario? If you needed to sell them could you?

@Cheryl Moore

Nate Busch in Columbus, Ohio is a good real estate investor friendly CPA.

@Bryant Clark

I’d talk with other property managers there and call some of the landlords who own property on that street. Sounds like you’re concerned on getting into a bad neighborhood. $10k down is pretty low risk if it gets good cash flow. I’d be concerned on the tenant qualifications also. And make sure not a lot of additional capex is needed.

@Brandon Ribeiro

What’s the specific issue? Analyzing the deal, coming up with the down payment, advice on risk?

@Sandy Metivier

Cleveland is a good cash flow market, but not so much regarding appreciation. If you ever need help looking into Columbus, Ohio I’m happy to connect you with some great local resources here!

@Matt Chestnut

You’ll most likely need to bring a partner who has the cash, negotiate the down payment down to a more manageable number, or use a hard money lender who is willing to take a 2nd position lien.

@Susana Minaya

If you find a good agent, they should be able to connect you with a good lender.

@Jenning Yu

Great post! Interesting on the 2001-2003 Houstonian who arranged seller financing on all of those apartments. Seller financing is great! Do you have any idea what was the reason for them to sell?

@Bonnie Low

I don’t personally own any on Ohio State campus but I do help some clients to get them rented. They actually did great this year and the leases for next year are even better since dorms limited population density and allowed sophomores to live off campus (when prior they had to live in the dorms freshman and sophomore year). A 33% increase in tenant supply always helps values and rents!

@Daniel Fridrij

I’d make sure to consider cash flow vs appreciation. You can get easy cash flow in Cleveland, Detroit, Dayton but they’re depreciating relative to inflation.