All Forum Posts by: Michael Rodriguez

BIDDING BEGINS TOMORROW

Online Auction runs from November 10th, 9:00AM - November 14th, 4:00 PM.

• Portfolio of 22 parcels
• Purchase 1-5 segments as small as 6 units or all 64 units
• Strong management company in place ready for a new owner
• NOI is approximately $250,000+
• 95% leased
• Apartments are centrally located and within 5 miles from downtown Columbus, Ohio.

TO REGISTER & FOR MORE INFORMATION PLEASE CONTACT ME!

For more information, please contact me or see the listing website!

Lima is the county seat of Allen County, Ohio. It is located in northwestern Ohio along Interstate 75, approximately 72 miles north of Dayton and 78 miles south-southwest of Toledo. According to the 2010 U.S. Census, the Allen County population was 106,331. Lima is home to 12,000 college students and serves the campuses of the University of Northwestern Ohio, James A. Rhodes State College and the Ohio State University, Lima Campus.

Hey Casey, I just PM'd you with a referall. I live in Clintonville as well. Great time to sell. Rents are up too. 

Thanks for everyone's input. Overall, it seems that HOA avoidance is likely the play for this and potential future deals...

@Account Closed- Hey Rob - Nice to have HOA cover the exterior for you. It doesn't sound like this one is as likely to play as nice!

Stay tuned for updates as things progress. 

We're currently evaluating a condo in a healthy area of Columbus. It's a 4 unit condo building but only the single unit is for sale. Noticeable foundation settlement has occurred with cracking/shifting. A structural engineer has inspected and has recommended steps prevent any further settlement. 

My questions are:
1. What experiences with potential buyers have you had on the resale of such a property after all necessary repairs/improvements? We would include pre & post inspection reports from the structural engineer.

2. Are there any approaches we can take with the HOA as this technically affects the entire structure of the building? i.e. HOA to cover or split the repairs

Thanks in advance for your feedback!

You may have seen or heard rumors around what Steve Jobs said or wrote on his deathbed. Whether or not he actually felt this way in his final hours, it's a good reminder of why I pursue a passive income through real estate. In the end, our family and friends matter most and creating a lifestyle that allows the time to enjoy and grow these relationships is my biggest goal. 

What are your goals?

Great inspiration, John!  Congratulations on your success. 

Congrats! What part of town? And do you mind sharing how you found the deal? I just purchased my first this past December. Two things I experienced, renovations took an extra month and a half than anticipated and  reserve account helped manage a few "hidden" updates that were best addressed immediately. All part of the experience and thankfully planned for... Best of luck!

@Stone Teran

@Al Williamson

@Thomas S.

Thanks for the advice! I've called the police once already and I'm clearing it out this week. I'll keep you posted on how it develops. 

@Dawn Anastasi

There's no fence along the back. There is fencing along both sides, however. The driveway access is at the back and off-street parking is a premium in this area.