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All Forum Posts by: Ryan Mainwaring

Ryan Mainwaring has started 18 posts and replied 268 times.

Post: Canton, OH or other surrounding areas in Ohio

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Jean Pierre 

I live in Columbus Ohio and my wife is from Canton.  Based off my many visits there to see family, north canton and jackson are great areas.  Canton in general is seeing an improvement with new commercial development(bars, restaurants, strip malls) but I believe it's mostly in north canton.  Other areas in ohio that are talked a lot on BP about are Akron, Cleveland and Columbus.  Let me know if you're interested in Columbus market, it's the area I focus on

Post: New member from New Albany OH

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Andrew Carpenter

Welcome to BP, great to have a fellow columbus investor.  I live in blacklick but 15 minutes from you.  I definitely recommend house hacking as @David D'Errico said, great way to start and limit your risk exposure.  Do you have have a goal?

Post: Looking for Multifamily out of State!

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Shayne Fee  Welcome to BP, if you interested in Columbus Ohio market, I am a real estate investor here.  Private message me if you information on the Columbus market.  

Post: New to Columbus OH - market research

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

Hello Anderson,

Welcome to the Columbus Market.  Columbus is a great real estate market for investors like us.  Private message me and we can set up a time to meet.  Look forward to hearing from you.

Post: Cash out refinance - BRRR

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

Brent you are correct, the equity in the house could be used for down payment.  I also miss spoke on the percent, it is 25% down/equity after 6 months not 15%.  The lender I spoke about offers a 15% conventional loan product that is where I got the 15% from.  

Post: Cash out refinance - BRRR

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

Anna,

I know a lender that will do cash out refinance at 15% down after 6 months.  If you are interested, message me and I will give you his contact information.   This lender also has his own rentals in another state therefore he was able to relate to my goals as an investor plus provide additional advice.  Message me if you would like his information.  

Post: Columbus Ohio Networking Groups

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

Hello Columbus Investors,

I am looking for real estate investing networking groups who regularly meet up in Columbus ohio.  If you know or attend networking group, I would like to know how often they meet, where they meet and what topics they typically cover,  

Post: Worthington Mall BP Meetup

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Shay Reddy  I just read this post.  Would love to join the next meet up.  

Post: Rental Market in Columbus Ohio - 43206, 43223 and 43222

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253
Originally posted by @Engelo Rumora:
Originally posted by @Ryan Mainwaring:

@Engelo Rumora

The vogel property, how much did the repairs cost?  Did you flip or rent it?

Ryan

Wholesaling it now for $50,000

It is out of scope of what we specialise in which is turnkey through Ohio Cashflow

Bought another similar one earlier this year for $30,000 with an ARV of $130,000+

Kept it in my portfolio as it was tenanted for $1,100pm

Some crazy deals here in Toledo :)

Much success

 Wow Toledo does sound great.  Now that you are wholesaling property, how much would the repairs cost?

Since you specialize in turnkey, you prefer properties already rehabbed to add to your rental portfolio?

Post: Rental Market in Columbus Ohio - 43206, 43223 and 43222

Ryan MainwaringPosted
  • Rental Property Investor
  • Blacklick, OH
  • Posts 286
  • Votes 253

@Engelo Rumora

The vogel property, how much did the repairs cost?  Did you flip or rent it?

Ryan