All Forum Posts by: Sara Elford

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $88,000
Cash invested: $17,600

3bed1Bath 988sq ft. Updated kitchen, hardwood floors, Fenced yard, Full unfinished basement.

What made you interested in investing in this type of deal?

Was looking for a Solid SFH.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Updated Kitchen, Painted interior.

What was the outcome?

Increased Property Value

Lessons learned? Challenges?

Always invest in North Linden!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Myself

@Chad Acerboni

Hi Chad,

I’m glad I came across your post! Columbus is one of the hottest fastest growing state nationwide, this is a excellent market to invest in. My partner and I work with out of state investors. I can help answer a lot of your questions and maybe be able to really help you with investing being out of state. PM me if your interested in hearing what we do. We can help

Finding the property. Managing and handling the flip. We handle everything from purchase of rehab to the sale of the property.

@Daniel Mendez

Hi Daniel,

Columbus is absolutely the Hottest market to invest in! I recommend you look into investing in Single Family homes. PM if your interest in knowing more and seeing if there’s ways we can help you with your flips in Columbus!

Thanks

@Remington Lyman

Thanks Remington. Sorry maybe what I’m asking is not clear. I’m talking about private money. So for example, if I wanted to give a flipper the full amount to fund a deal purchase and rehab, what’s the typical return I would expect to get, 10%,15%,25% for example. How much will I get after deAl is sold. What’s a average % to give back to someone that lends private money. (Not talking about hard money or any type of loan)

What are others paying their PRIVATE MONEY lenders that are Funding a full deal? What is the % they are getting back on their investment? I am curious to know because my company flips homes in columbus ohio. We find the deal, put it in contract, Contact our private lenders and see who is interested in funding the deal! So we already have a Full team in place as far as rehab goes, we have studied the market and know what the house will ARV at. We basically have a breakdown of the rehab costs. We will not go in contract on a deal that doesn't make sense, We do all the work, we do high end quality and finishes. The private lender just funds the deal through his/her IRA or Private money. We constantly have deals on our table just not enough lenders to fund! Curious to compare our % back to the lender vs others out there. Does anyone have any comparison? Also how long does the project take, From purchase to Sale. For us its typically 3-5months! Averaging take home for Lender 15-25k.

Thanks

@Trecia Benjamin

The best areas for a buy and hold I would say in my professional opinion is going to be In North linden area, and south side area are both great. I have most of my rentals in both north linden and south side. Great cash return! All purchase no more then 115k.

If you are interested in flips let me know as my partner and I have a company we specialize in flips and work with many private investors.

Columbus market is one of the fastest growing markets! I would highly recommend to invest in Columbus, Buy and hold potential here is awesome. I have several properties i rent out and my cash return is well above 20%. If you have the funds for flipping this is also a great market. The Southern orchard area is best for flips!

@Nathan Ku PM. 

Hi Gaby,

I noticed your post. I am based in columbus ohio. As you already know from studying the market here its a great place to invest. I own several Buy and Holds (all Single Family). My partner and I also work on several properties on the Flip side, We work with out of state investors looking to Invest on the flip side, We have a strong team. If you have any interest or if we can help in anyway please feel free to reach out! 

Thanks

Hi Amado I noticed your post and how you are interested in investing in cleveland in multi family homes, take a look at the columbus market as its Population is increasing rapidly and so is the real   estate market! I would recommend studying on it, I highly suggest investing in the columbus market! 

If you have any questions please feel free to reach out, I own several Buy and Hold Properties all Single Family (Best investment) and I have a partner we do flips with private investors that are from out of state looking to invest and make money that way too. We have a whole team! 

Let me know if I can help with any questions!