Episode #31 - Deal of the week - Delaware, Ohio

TL;DR

Andrew presents a potentially promising real estate deal in Delaware, Ohio, discussing the location, property details, and potential for renovation.

Transcript

hello everyone welcome to learn from us podcast we are here again with Andrew Striegel my dear friend and colleague and Paul Gabriel just an OK guy we are here with another riveting exciting an exhilarating deal of the week this is where what Andrew brings us a deal that Paul has never seen except last year where Paul just read the title god but An... Read More

Key Insights

• 💗 Delaware, Ohio has a rapidly growing population and is considered a desirable suburban area.
• ⁉️ The property in question has the potential for renovation and increased rental income.
• 👋 The asking price for the property may be negotiable, and it could be a good investment opportunity.
• ☠️ The area's growth and demand for housing suggest that higher rent rates are achievable.

Questions & Answers

Q: What is the asking price for the Delaware property?

The asking price is $350,000, but Andrew suggests offering around $300,000.

Q: What is the potential for rental income in the area?

The average rent is currently $565 per month, but with renovation, it could potentially be raised to $750.

Q: How is the property heated?

The property has a boiler system, meaning the owner is responsible for paying the heat.

Q: Is there potential for further growth in Delaware, Ohio?

Yes, the area is growing rapidly with new businesses, outlet malls, and a top golf facility being built.

Summary & Key Takeaways

• Andrew presents a 12-unit property in Delaware, Ohio, built in 1901.

• The property is a two-story brick building, with all one-bedroom units and affordable rent.

• The surrounding area is growing rapidly, making it a potentially good investment for renovation and higher rents.