All Forum Posts by: Richelle T.

@William Johnson 

You don't necessarily have to view a property to make an offer on it.

@Nick Foy I think someone posted literally the same question two days back. You should check that thread.

@Pyrrha Rivers 

@Angelique F. 

It can be super scary doing these rehabs! The place I got has an all fixed up, printing ARV od $50-60k. The neighborhood is fine but go 3 streets over and I wouldn't touch it. I tend to be a bit conservative on neighborhood. I thinking is that I have to feel comfortable if I get caught painting in the house after sundown.

But in terms of scary fix ups. I did offer on it sight unseen so I was super nervous on the initial walk through. I would say to budget for absolute worst case scenario and anything that isn't so bad is a savings. This place had no plumbing, electrical that shorted out on many of the breakers, broken seals on the windows... and a raccoon in the attic!! That part makes for a good story. We just try to be conservative with or numbers and take action. I think that's the most important part of all.

Are you looking for a general or subs? If you're looking for a GC try Jason Taylor (Taylor Remodeling and Construction) 614-306-1978. He has reasonable prices. I ended up getting the job completed before he was available but I was impressed by him.

@Lee Foster 

Hello all

I just wanted to post a success story also. Thanks to this thread and @Lisa Phillips 

I purchased a SFR in a nice neighborhood and I'm all in for $27k. Renting for $770/month! This strategy works. Thanks for the inspiration everyone :-)

@James Dunn 

Hi James

Call around to all the local nonprofits in the area that serve these persons. Basically Google "Cincinnati + nonprofit + housing".

Also, if you search biggerpockets forums for "profit nonprofit" you will find a wealth of info :-)

I would try park national bank. They deem pretty investor friendly. Union savings would be a good option too