All Forum Posts by: Marc Rice

@Kevin Connelly

1. If your private money lender is ok with those terms and your commercial lender is ok with financed down payment then that should be ok.

3. I’d recommend removing the escalation clause, pointless at only $1k.

@Leslie Hsia

Columbus Ohio is great for cash flow but also appreciation. There’s lots of cash flow markets but without appreciation you’re missing out on a lot of the upside if real estate. We’re seeing great population and development growth in Columbus which has led to the appreciation

@Derrick Deese

Congrats! What neighborhood was this in?

@Derrick Deese how’s Columbus going for you?

@Tamir Segal Cincinnati has some great areas and some bad ones. Make sure to get a local agent there who knows the nuances.

@Jordan Becker

It’ll be easier and safer to learn on a small 1-4 unit. Or if you bring an experienced partner in to tackle a large deal it may be viable also.

@Daniela Andreevska

How did Columbus, Ohio rank?

@Myles Cheatum

I’d include fridge. Washer/dryer could be optional, and if the tenant wants one you could charge them an extra $50/mo and then go buy one and install it prior to move in. Gives you a more flexible option.

@Jerome Cheeves II

Welcome to the game! I’ve heard good things cash flow wise about Cleveland, Toledo, and Youngstown. I personally like Columbus for its cash flow and appreciation.

@Josh Fleenor

House hack with 1-5% down.

@Asia Taylor

I can connect you with a lender who can do a HELOC. It's interest only, secured against your primary residence.