All Forum Posts by: Marc Rice

Hey everyone my name is Rickey Brunson and I am a wholesaler in Columbus. Currently looking for buyers to assign contracts to once I get an agreement with the seller! Let me know if you'd like to connect and I can add you to my buyers list! Very hot market right now!

Currently looking at two properties that are both apartments

One is a 4 bd 2 ba for 460K for 82 days on market

the other is a 10 bd 10 ba 650K for 19 days on market

These are both for sale by owners, so the question I am asking is when buying a property from a landlord such as an apartment building what are the right questions to ask to make sure I get a good deal and you're not getting screwed over?

Hello Helpers, I am planning a move to FL next year May 2024, and thinking to convert my current home to rental. There are some things around current home that need to be fixed, and I have yet to set up a business LLC.

1) My intention is to capture these repairs as expense while I am currently still living in it for the next few months. Is this allowed? 

2) I own my house free and clear. Due to liability concern, should I just refinance the house to cash out, such that if liability arise , max I lose the house with debt and llc? Just like how an investor would buy my home with mortgage. 

Thank You

Hi Everyone :)

I'm looking to invest in the Col OH area with a focus on small multifamily properties. I'm currently researching and interviewing local vendors and potential team members. If you have any good local Property Managers that service small portfolio owners, then I'd love any names or advice you can offer.

Thank you!

:boon :)

Hello all,

I have decided to list one of my units as section 8 due to the neighborhood and lack of leads from non section 8 tenants. Does anyone have any advice about renting to section 8? I know people have very mixed experiences in doing so. I currently have it listed on Affordable Housing for $1,575 (3b, 1ba two-story duplex) with water included in that. I have also read that you're supposed to include all utilities in the rent and it must all be at or less than the amount their voucher is worth. If this is the case, then I would need to list it for around $1,700.

Part of me is afraid of the unexpected from these tenants, but another part of me does want to provide a good home to people in need. I do also think I may have rent listed too high, but based on comps in the area and then doing section 8 instead of a regular rental, $1,575 with water included seems reasonable.  

I would love some input about renting to section 8 and any tips on it, such as certain things I should include in the lease or look for when screening (obviously income/credit will not be great from the tenant). TIA!

Hi Team!

I recently purchased 3 buildings(43207 & 43206).

I have a tenant who is not responsive at all and refuses to sign the lease. I spoke with my lawyer and drafted a 30 day notice.

After the notice is given to the tenant, and the tenant still refuses to move out, I'd have to go through an eviction process.

I would prefer to just do the "cash for keys" to not only save me from the headache, but also not hurt the tenants credit score.
Any recommendations on how I should go about this?

Thanks in advance!

Hi all.  I am a new investor interested in the Columbus area and would appreciate the maps as well if you are willing to share:  @Marc Rice @Zeke Liston  Thanks!

Hello,

Newbie here!

I would like to start connecting with other real estate investors and syndicators in Ohio and get the ball rolling!

Thank you