All Forum Posts by: Richelle T.

Hi @Account Closed is a property manager here in Columbus.

Budget for a gut rehab and if the numbers work then you're good. If it's anything less than that you've won.

Micki McNie I'm in Columbus, OH and would very much like to connect with partners. I'm a buy and hold investor so if you have persons interested in joking venturing on houses or becoming private investors that would be perfect. Send me a PM and let's connect during your trip

This is awesome, congrats!

@Matthew Trotter 

Purchasing a home as an owner occupant, fulfilling the residency requirements (normally 1-2 years depending on the loan) then moving out to a new house that you will owner occupy is perfectly legal. 

I question the use of your Roth. Now you can pull out the PRINCIPLE of your Roth at any time. Not the capital gains. If you are using the principle from the Roth then you should be fie because that can be used for anything. 

As a first time homebuyer there are programs that allow you to put less than 25% down. I would explore those as opposed to pulling from my Roth. 

Try Evolve Bank and Trust. They are a national bank. For an owner occupied multi you can put 15% down. It's not as low as a FHA but it is better than 25% down.

Awesome suggestion!!

Following this conversation. I would say keep the deposit and move on to the next tenant.

Hi @Lewis Pollard what sort of investing/developments are you interested in? I am looking for partners in the area. I also have an architect friend who is working on some development projects. I am considering being an equity partner in one of his projects. He may be a good contact for you

@Jeffrey Lester 

No problem! Your first time homebuyer status is a valuable asset that I think you should maximize. You only have one time to qualify for the programs so do a bit of research at both the city and state levels to see what's out there.