Nate Barger
cincinnati, OH (USA)
Role(s):
Midwest Property Consultants
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Startup
Location:
cincinnati
Industry:
Real Estate
Year Founded:
2005
Number Employees:
INVALID
Description:
We buy distressed homes and have our construction company fix them up and our property management leases them out. Our typical scenario would be buy a 3 bedroom house for 20k put in 20k in repairs rent it out for $850 a month the house should have a 75-85k ARV refinace at 80% LTV leaving a cash out of around 60k and a PITI payment of less than $480. We also have our attorney file for tax abatement or get it adjusted down to the price we paid for it plus repairs.
owner
Midwest Property Consultants
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Service Provider
Location:
cincinnati
Description:
We buy distressed homes and have our construction company fix them up and our property management leases them out. Our typical scenario would be buy a 3 bedroom house for 20k put in 20k in repairs rent it out for $850 a month the house should have a 75-85k ARV refinace at 80% LTV leaving a cash out of around 60k and a PITI payment of less than $480. We also have our attorney file for tax abatement or get it adjusted down to the price we paid for it plus repairs.
Services Provided:
- Real Estate