All Forum Posts by: Marc Rice

@Colby GeDeros

I can’t speak to Kansas City but I can speak to the Midwest having great population growth and economic boom. I’ve been investing in Columbus, OH for a few years now and have seen amazing results.

The biggest thing is to find a local team there comprised of your core 4 - agent, lender, property manager, contractor.

@John Mazzella

Columbus is great for its population and job growth. If you need any help identifying local neighborhoods feel free to reach out.

@Justin Priestly

There are many commercial lenders who will lender purchase price + rehab cost for a 13 mo term where you would then refinance out. Those are high interest rates but ideal for BRRRRing. Regarding a business line of credit for additional rehab costs, you may want to check with a local community bank although many will want 2-3yrs of business record to extend credit.

Overall Columbus is a great market, it’s getting harder to find BRRRs that meet the full 70% rule but the city is growing and appreciating. I recommend to find your core 4 here in Columbus if you’re thinking of expanding.

@Nick Uhas

What’s the profit look like selling the lots as is vs building and then selling?

@Michael Muniak

203K loan can be quite the difficult process when just starting out. There are some good 1-5% down owner occupied loans that could be an easier foot in the door.

@David Uzhca

I’d also check with a local realtor who is also an investor in Dayton.

@Michael Widick

Your purchase price + rehab is just about your ARV of $75k. So for a cash out refinance you won't be able to take too much cash out.

@Jacob Allen

Good luck on your journey!

@Julian Rivera

Understood! If you’re looking for a good market with cash flow and appreciation I recommend looking at Columbus, Ohio.

@Paul Paleologos

Happy to connect you with local resources in Columbus and help you better understand the market. Columbus is great for cash flow and appreciation. I personally like small multi family here and that’s what I’m currently investing in. Shoot me a message if you ever want to connect.