myphilosophy | Rosewood Holdings LLC

I have been in this business for more than 10 years, and over that time I’ve actively involved myself in all aspects of real estate investing. I have my own portfolio of single-family homes that I manage myself, and I now currently focus a good portion of my time in assisting others in the process of building their own real estate portfolio’s.

Rosewood Holdings, LLC specializes in assisting newer investors in building their portfolios with properties that you as an investor, pay wholesale prices for. Most all of the hard work has been completed for you; the home has been renovated, a tenant placed in the home, and the home sold to you at average of 80% of its value. I’m a little different than most wholesalers out there. I take extra steps in helping ensure you succeed with your investments, including the following:

- The homes I sell are located in neighborhoods predominantly comprised of single-family homes. I don’t buy (and sell) homes in areas that I myself am not comfortable in investing. I look for homes in neighborhoods that are stable, or that have gone through a “rough” period and are now on the upswing.

- All tenants in my homes will have paid at least one-month’s security deposit. Other wholesalers simply look to put a “body” into the house just for the sake of showing that the home is inhabited and cash flowing. Many won’t take extra steps and time in their tenant screening to ensure that the home is occupied by someone who is financially stable and likely to care for the property. I charge all tenants at least one month’s rent in security deposit to help provide you the buyer with “insurance monies” should the tenant not work out for some reason. As you know, security deposit monies transfer to you the buyer when you purchase the home.

- Homes are sold at generally 80% of their value (many instances much less than that). You will know up-front what the house is selling for, as well as its monthly rent. I’m not out to squeeze blood out of a turnip by trying to sell my homes at the highest price point possible. I gross on average about $4,000 on the homes I sell. I could easily make much more than that, but it would only impede in your ability to maximize your cash flow. I want my buyers to succeed. If you succeed, the neighborhood ultimately benefits and remains stable. Many of the homes in my own portfolio are located in the same neighborhoods as the homes I’m renovating. I often get asked the question, “Why are you selling these houses instead of keeping them yourself?” The answer, because I have reached a number that I can still effectively manage (approximately 40).

- I can assist you in obtaining some of the best investor financing available here in Columbus. My prior background (before going full-time in real estate five years ago) was in banking. I worked nearly 15 years with Bank One (now JP Morgan Chase) in the Marketing Research profession. I have developed a number of key banking relationships with banks that will provide investor financing to the extent that I believe they’re the best programs available in Columbus today. These programs enable you to finance a property at up to 85% of its value, effectively enabling you to build a portfolio with very little or none of your capital, especially if you’re only paying 80 cents on the dollar for it. The financing programs I am involved with are not based on B.S., inflated appraisals. You must have decent credit to take part in these programs.

- I share all of my knowledge with you; knowledge that has helped me get to where I am today. This includes key contact people that will help you efficiently manage and maintain your portfolio as you grow; electricians, plumbers, HVAC, general maintenance workers, competent real estate accountants, and lawyers. I’m more than happy to share forms and paperwork that I use. I’ll also lend an ear to discuss philosophical thoughts on how to handle various situations, both the good and the bad.

It is my opinion that the reason most newer real estate investors fail, is because they have been “taken” in some manner during the purchase of property. Some of these are blatantly done by the seller to take advantage of the investor’s lack of knowledge; others a result of the newer investor not taking the time to understand what they’re walking in to during the euphoria of purchasing the property. The most common of these include:

-Paying too much for the home

-Appraisal fraud (inflated appraisal on the home purchase)

-Excessive mortgage/closing costs

-Failure to analyze cash flow scenarios

-Inheriting tenant problems

-Lack of key trades contacts to help with property

repairs/maintenance

-Lack of understanding of true rent comps for specific

neighborhoods

So much of the, what I call “seller abuse” goes on that

it almost seems the norm instead of what should be the exception. I do not work this way. There’s enough potential out there for all of us to succeed without having to take advantage of another. If we share our experiences and education, we ALL benefit.

Feel free to contact me if you would like to talk further. Or, take your time and cruise through this website to learn more about what I provide and my background.

Hoping your real estate investing endeavors are a very prosperous one!