All Forum Posts by: Shayan Sameer

Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still have cashflowing deals under $200k. I moved here from Florida after seeing the expansive growth in the Columbus market.

I would focus on areas up north like Linden and areas on the west side of Columbus, like Franklinton and Hilltop.

Linden is seeing a large amount of investment activity within residential 1-4 unit properties and newly developed facilities, which were ignited by the ONE Linden Plan. With new construction and renovations going on, on almost every block.

In Franklinton there are plenty of large projects going on that will bring massive growth to the west side of Columbus, such as the Peninsula Development, which is a multiphase project that will erect a 24 story apartment complex featuring a grocery store, a multi use office space building, and a new hotel featuring a two-story venue.

@Shayan Sameer

if you borrow 100% of the purchase price, then you will likely lose money no matter which market you buy in. 

@Frank Mongiello is a great choice for a real estate agent who works with real estate investors in South Florida and Central Florida

@Shayan Sameer This helps. How many BRs do the units have? And assuming you get the tenant out (or get them to pay rent), are those the rents you'd get AFTER the rehab? If not, what would the post-rehab rents be?

Hello BP Team,

I hope all is well!

I have a question about purchasing a duplex and renting it out. This would be my first time purchasing a duplex, and I’m looking into it as a way to expand my portfolio. I’ve found a duplex that seems to be in good condition, with both units currently rented out. However, one tenant isn’t paying rent, and it looks like I might have to go through the eviction process.

When evaluating a rental property, do you typically use the 1% rule? What would you consider a good minimum profit margin? I understand that I need to account for taxes, insurance, and other costs—

Should I go with a LML and then do a refi later on?  

I'm thinking I can get the property for $380k plus 50k rehab.  

Additionally, are there any other factors I should be considering when purchasing a duplex or triplex? Do you think a duplex is generally a better investment than a single-family home for rental purposes?

I’d love to hear your thoughts and advice on this

Hi @Shayan Sameer. It would help the forum (and the responses) if you could provide a little more context. What city/market is the property in? What is the ARV? What would the rents be for the duplex after the rehab is complete (assuming both tenants are paying rent)? How long would the rehab take? Also, I've heard of "HML" and "PML", but "LML" is not a term I've heard before.

Hi @Shayan Sameer, I'm an investor and licensed mortgage broker. These questions come to mind for me: Is your credit card limit large enough to fund the purchases and rehabs you are considering? Will all of your vendors take a credit card as payment? Will the interest rate remain 0% until you sell the flips?

Since you are experienced with HMLs, you know their strengths and weaknesses. We offer a ton of different fix-and-flip programs including putting 10% down on the purchase price and funding 100% of the rehab. We also have programs that can close in 3 days or less if you need speed. Our loan minimum is $75,000 and we go up to $10 million. We can also lend to both individuals and LLCs.

I'd be happy to share my experience as both an investor and as a lender. Feel free to contact or DM me. 

Good luck with your deals and let me know if you think I can be helpful.

Jeff