All Forum Posts by: Alex Wise

@Jimmy Lieu I just messaged you. Thanks Jimmy! I like your ideas for value-add.

I have a background in marketing so that might be something I could equip myself with.

I just want to keep learning about options without as much personal trial/error.

@Harrison Chow I messaged ya

@Bonnie Low what a great reply. Thank you Bonnie.

I’m happy to report I’ve already been reading that book and follow those two on IG too.

I appreciate the breakdown. I think it will make sense for me to manage more hands on (at least to try it and see how numbers go), and if I ever leave Ohio, I’d like to hold onto the property if it makes financial sense. So you’ve given me some good affirmation and thoughts to chew on!

Thank you Bonnie!

@Harrison Chow I appreciate the reply and may bounce some inquiries off you in the future while exploring refi options.

Thank you for the tips and guidance on connecting with a mentor that fits! I should explore some networking events here in Columbus too.

Hey BP Community 👋🏼

I’m a follower and consumer of Bigger Pockets knowledge. With SO many real estate investors and different methods out there, I’m getting analysis paralysis on my next moves.

So far, I’ve purchased a 3 bedroom single family in a historic quiet neighborhood in Columbus, Ohio. Its central and homes here hold their value but they are older - Clintonville if ya know it. It’s close to Ohio State University.

I've started some updates and plan to rent out the whole home(A), split it into 2 units(B), or rent it out per bedroom(C) to see if the STR/MTR route will work for me.

I can use AirDNA and look on AirBnB and Furnished Finder to look at numbers and make guesstimated but I’m really missing having a sounding-board/someone with experience about next steps - 1. How much to invest in updates 2. Should I self-manage and live there or rent out the whole house and manage remotely 3. Should I refinance and cash out for my next purchase 4. Should I just consider this a mini flip and sell while houses are still going pretty quickly in this area and start somewhere else with a different strategy.

I’m starting to bang my head against the wall with options and a lack of strategy. I’m curious in how people have uncovered the following in their real estate lives:

1. How can I find a mentor?

2. How can I make it valuable for them to want to mentor me?

I kinda turn off when people sell a course or mentee opportunity but maybe that’s working for people and I should open my mind a bit.

I’m open to ideas and appreciate convo/input on the topic of mentors. I’m also happy to answer any questions on my experience so far if helpful too.

Thanks all!

@Joshua Messinger thanks so much, Josh!

I just sent you a message.

@Joe Miller I’m happy to hear that Joe.

It sounds like Furnished finder is way easier to use and less fees. AirBnB might have a bigger user-base but I’m interested to see how they compare once I list on both.

Thanks for the reply!

@Shiela Roberts Aw thank you, Shiela!

Yeah I’ve tried to find comparable rentals in the area. There are a couple that seem to be booked a lot but I was hoping to get some insight into how they are doing.

I think I need to give Columbus more credit for STRs. I was dismissing it previously but I’d love to be pleasantly surprised.

Thank you! :)

@Nate Sanow that’s helpful insight, Nate. The goal on this one is to try and househack it as much as I can.

That’s encouraging info!

Hey all,

In previous posts, I’ve had some really great input and I’d love some help projecting rental incomes based on others’ experience.

I’m purchasing a single-family home in Columbus, Ohio. In a good area (Clintonville) and within 10 minute drive to OSU campus and major hospitals.

It’s a three bedroom and I plan on living in and renting out the additional bedrooms on Furnished Finder/AirBnB, etc. I’ve looked at other estimates on AirBnB for bedrooms in the area but it’s across the board.

I’d be open to LTR, but I’ll be living there to manage the bookings and things on site. I’d guess there might be more income potential on STRs.

Can anyone speak to rental income (per bedroom) in central Ohio or major Midwest cities and what other insights has worked really well for you in that category?

I’m excited to hear replies.