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All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 484 times.

Post: New in real estate

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Emily Shin:

Hello, I am new to this community and to real estate investing. Currently, I live in New York, but I am interested in exploring opportunities in Columbus, Ohio. This will be my first home purchase, and I am aiming to invest in multi-family properties.

What should I be aware of when purchasing a multi-family property? I am considering living in one of the units myself. Do you think that’s a good idea? Would living in the same property as my tenants have any downsides?

Any advice is greatly appreciated, and I look forward to connecting with all of you

Living in one unit and renting the other is a great idea! You'll have access to owner occupied loan products, therefore saving on your down payment, typically 3-5% compared to 20-25% for non owner occupied properties. This in turn can open up what homes you can buy since the numbers will make more sense when putting 3-5% down instead of 20%. 

The downside will have more to do with your business personality. A tenant may try to befriend you so that you'll feel bad about kicking them out if rent is unpaid, etc. If you are firm and shrewd, you may not have this issue. If you are unsure, to start, hire a property manager and don't let the tenants know you are the owner. 

Post: Advice on getting started

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Enrique Toledo-Perez:

I'm a Realtor and I'm wanting to get into fix and flips by working with wholesalers and buying properties in neighborhoods with a good spread. I'm having trouble determining who's a good wholesaler and who's not. What are ways to determine who's a good wholesaler, and what should I be analyzing to determine if a neighborhood/area is good to invest in?


 Just like you would as a realtor, use your marketing techniques (cold calling, mailers, networking etc.) to find good off market deals for yourself. Just be transparent with the sellers that you are licensed and for good grace recommend they use a realtor on their end, although not necessary. 

However, in my experience the good wholesalers understand comps and construction costs, are transparent, have good referrals, and can actually get you in the property. 

As a realtor, you'll be the boots on the ground. Sign up for local news articles, go to events in different areas, attend neighborhood association meetings, and just go out and have fun. Try new restaurants, entertainment venues etc and you'll have a pulse on what's going on in your area. 

Post: Buying my first multi-family unit

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Rebeca Moreno:

Hello! I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project. If you have any leads or information, I would love to connect and discuss potential opportunities. Thank you!


 Nice! This is a great place to invest for appreciation. Are you looking to househack or rent both sides out? Do you have an experienced rehab team? 

Post: Multifamily // Cash Flow & Appreciating Markets

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Joy McQueary:

First time investor here! I am in the research process for a multi-family unit. My primary goal is cashflow so looking for an asset that works and is also in a growing area.


What are your tips on finding and evaluating areas to purchase? What are the current markets you recommend and why?

 Start where you are most comfortable. There maybe a good cashflow market in your area. You can connect with the local chamber of commerce and/or planning and development departments to find what is coming to the area that would create some appreciation. Bigger pockets also have webinars on how to choose a market to invest. Narrow down your location based off of your comfortability, budget, local property owner regulations, and rent to price ratio, and you'll be building a portfolio in no time. 

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers. 

Post: Toledo I need You. New Investor, Looking to connect and learn.

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Daniel Chapman:

Hey Family, I'm looking to invest in Toledo and I'm not too familiar with the lay of the land. I'm a trucker and always passing through on my way to the Chi, but I really want to look into the area. So Toledo , please help me and let me know how I can help. I'm looking forward into developing my roots in the community!

Welcome! I'm invested in Toledo and have helped others do the same. Feel free to reach out anytime! 

Post: Looking for Realtor & Property Managers

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Caitlyn Frizzelle:

Hi BP Community,

I am looking to build a team in the Toledo, OH area and was wondering if anyone has worked with an experienced investor-friendly real estate agent and project managers that they can recommend.

Thank you!


 I can send you my referrals in the area

Post: Cleveland and/or Columbus area

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Elisha Johnston:

Hi everyone! 

Just started working my first W-2 job out of college and looking to start investing ASAP. I've got some family connections to the Cleveland and Columbus area and am wondering if anyone knows if these are good markets to start off in? I'm looking to start off in areas with lower costs coming in, preferably under $100k single families but definitely under $200k.


 Hello Elisha! Glad you're getting started. 

Both markets are great to invest in! Cleveland has been good for cashflow investors, while Columbus offers cashflow and appreciation. With the budget mentioned, you can find single family rentals in Columbus and duplexes in Cleveland under 200k. If you're trying to replace your work income I would recommend starting in a strong cash flow market like Cleveland, but if you're ok working for a while then you can buy and watch your property appreciate in Columbus. 

Post: Renovations in Columbus OH

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Jake Hughes:

How long do your renovations typically take when hiring a gc? Wrapping up renovations on one side of my first duplex and I closed in July. Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. Any tips and recommendations are appreciated. Thanks.


 In the future, make sure you and your GC have a schedule for each phase before the project begins. Ask your GC for periodic updates to make sure everything is on schedule and to be able to know when something will set you back. I've done full guts in 3 months and in 8-9 months, just make sure you're tracking everything so that overtime you and your GC become more efficient. 

Post: Seeking Ohio Wholesalers to Connect

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Markel Drake:

Hello All,

I was hoping if anyone could help point me in the direction to good wholesalers and General Contractors based in Ohio. I am currently seeking to purchase properties in Columbus, Dayton, Cleveland, and Cincinnati and looking for someone who has great deals that could add me to their buy list. 

I would also like to connect with like minded people in the areas to see if we could possibly help each other grow our portfolios/ JVs.


Thank everyone in advance!


Welcome! 

Post: New small investor - open to networking

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 495
  • Votes 682
Quote from @Rohitash Laul:

Hi, I am new to bigger pockets. I own rental townhouse. I have been to some auctions but no luck. 
Looking to expand my portfolio to small MF/ short term rental houses. I live in sterling but open to investing outside my area. 

Looking forward to connect with like minded investors. 


 Welcome! 

Auctions can be tough. Is this how you purchased your other rental?

A top market like Columbus, OH is worth looking into. It's only a short plane ride away and continues to appreciate in value, giving investors strong returns.