All Forum Posts by: Tiffany Burns

Heels Homes is currently in contract to purchase 2 properties in Columbus, OH and we are expecting a 3rd one by the end of this week. These properties are in one of the hottest neighborhoods in the city. We are looking to raise approximately $450k total for all 3 purchases and rehabs. 

1st opportunity:

PP: $75k

Repairs: $55k

Total Loan Amount: $130k

ARV: $195k

Projected Profit: $33k = 22% ROI

2nd opportunity:

PP: $77k

Repairs: $85k

Total Loan Amount: $162k

ARV: $250k

Projected Profit: $45k = 18% ROI

In the past, private money lenders who have worked with us have experienced anywhere from 11%-13% annualized interest. Please reach out for more information on these opportunities or how you can work with us in the future. 

Thank you!

Tiff

My company is scaling and I'm needing to grow my private lender base. I have a niche in creative financing and I'd like to start speaking and educating for folks that private lend and do real estate. Anyone have recommendations on what organizations locally I should reach out to and speak? I also will bring along my self-directed 401k specialist to help educate folks on how to self-direct! Any thoughts would be helpful:) I'm acquiring 3ish properties per week

I am doing several subject-tos and I need an attorney that works with investors doing them that knows the process

This house is in a great part of the neighborhood surrounded by well kept owner occupant houses and across the street from a park. All of the upgrades and location make this a great buy at this price.

Assumed Lending for Buyer

Assumed a Mortgage putting down 20% @ 5% interest rate amortized over 27.5 years

Financing & Some Assumed Returns

Off Market Sales Price: $50,000

Total Initial Equity: $10,000

Monthly Rent: $765 (rentometer.com, room for $800+)

Monthly Cash Flow: $207.84

Cap Rate: 10.39%

NOI: $5,196.64

Cash on Cash Return: 23.40%

Gross Rent Multiplier: 5.4

Income-Expense Ratio (2% rule): 1.52%

Debt Coverage Ratio: 1.92

Assumed Expenses

Monthly Expenses: $563.16

7% Management Fees

5% Vacancy

3% Capital Expenditures

5% Repairs & Maintenance

Future Assumptions

3.5% Annual Income Growth

4.2% Annual PV Growth (Columbus average over last 80+ years)

4.1% Annual Expenses Growth (Columbus average increase since CPI was started in early 1980's)

3% Sales Expense (assumed this would be sold investor-to-investor or otherwise I would use 7% in this for a retail sale)

Email [email protected] for more info. and photos.

This is a great early bird special. We are offering to sell this contract to allow an investor to purchase and complete repairs as they wish in this rent ready home. Property could use minor work . Our scope of work includes patch work, trim work, painting and flooring. repairs may range from $2000 - $5000. This neighborhood median rent value is $750 for a 3 bedroom house. This property is easily worth $50K with new floors and paint. Could be all in for as little as $41k saving you almost 20%. Contact me if interested or if you would like to see photos.

(Kitchen upgraded with new cabinets and counter tops 3 years ago, new furnace 3 years ago, new hot water tank 3 years ago and serviced this week, electrical panel has also been upgraded)

email: [email protected] for more info

I am looking for residential re-developers along with buy and hold investors. Please message me with your contact information and let me know how I can help you reach your goals in the Columbus, Ohio market. Have a great week!

Heels Homes is looking for ethical, professional wholesalers in the Columbus,Ohio area who are able to consistently bring property leads to our attention. We are looking for homes (3+ Bed, 1+ Bath) to fix and flip on the outskirts of Marion Village, Olde Towne East and German Village. Neighborhoods of focus include South Orchards, Old Oaks, Franklin Park and other nearby areas. Please email me at [email protected] with your contact information, property leads, and/or other wholesalers you may know.

Thank you,

Tiffany

Hi @Michael Hamby,

We rehab and wholesale. We are looking at add 3-4 rehabs before end of year. If you have any properties please contact us as a buyer. We also will wholesale properties as well. Please email me contact information and i'll add you as a buyer or an email contact if I send out any wholesale leads as well!

Tiffany

614-980-4391

I am looking for house flippers in the Columbus area. I am the President and CEO of Heels Homes, a local real estate investment and am wholesaling distressed properties to other investors. Please email me at [email protected] for more information.

Thanks,

Tiff

I am looking for wholesalers in the Columbus, Ohio area to bring legitimate fix and flip deals to the table. I am looking for homes (3+ Bed, 1+ Bath) on the outskirts of Marion Village, Olde Towne East and German Village. Neighborhoods of focus include South Orchards, Old Oaks, Franklin Park and other nearby areas. Please email me at [email protected] with your contact information, property leads, and/or other wholesalers you may know.

Thank you,

Tiffany