All Forum Posts by: Trent Ecklar

@Remington Lyman 3 offers submitted so far... to be continued. I'll report back. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $162,500
Sale price: $199,009

Purchased in March 2019, sold August 2019

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

My client assigned purchase contract after passing on this property

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

MLS

How did you finance this deal?

20 year note @ 5%

How did you add value to the deal?

Filled the vacant unit

What was the outcome?

Collected four months of rent, no expenses. Doubled down payment and rolling proceeds into 1031 exchange.

Lessons learned? Challenges?

Columbus Ohio small multi-family is very competitive.

I’m always down for a Columbus Ohio rental property mastermind session. We currently have 30 positive cash flow doors in Columbus Ohio and a goal of 100 by the end of 2023. 

Thank you so much. Pleasure meeting on Bigger Pockets! Columbus Ohio is a great market for residential rentals. The city is growing super fast and as of 2019 we are the 14th largest city in the United States.

Pleasure meeting you on BiggerPockets!

Pleasure meeting on Bigger Pockets!

Good evening Daniel,

Pleasure meeting on Bigger Pockets!

Pleasure meeting on Bigger Pockets Zach!

Hilltop = Cashflow

Two state capitals, two flagship universities, two rapidly growing populations.