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All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 480 times.

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

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 491
  • Votes 675
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 491
  • Votes 675
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 491
  • Votes 675
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 491
  • Votes 675
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 491
  • Votes 675
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 491
  • Votes 675
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.  

Post: What market is the best right now?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 491
  • Votes 675
Quote from @Aqsa Mughees:

Hi, want to know, with a budget of 50k with financing, what market is the best ti buy a home and rent it out?

I got to know of a few through different forums,

1. Toledo, OH

2. Houston, TX

3. Brownsville, TX

Please can you suggest a few more or see if these look good?


 If the 50k is for a down payment, you can find cash flowing properties in Toledo. If 50k is your purchase price, more than likely the properties will require some rehab to get rent ready. 

Post: My Life-Changing Decision

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 491
  • Votes 675
Quote from @Andy Okamoto:

Hey all!

I'm Andy, a recent University of Utah Computer Science graduate and now a full-time, 100% remote software engineer. I bought my first house-hack SFH property in Sandy, Utah in 2022 where I currently reside.

I am now 22, single and have enough saved for another down payment (targeting small multi-family). The combination of interest rates + high prices is making me consider moving to a more affordable market. Although my income is great for my first job out of college, I've talked to a couple lenders in Salt Lake City and got the feeling my salary (~85k) will not be enough without bringing a larger (~20%) downpayment. This larger downpayment would require me to liquidate stocks which I am not too keen of doing at the moment.

As an active listener of the BiggerPockets podcast, I'm well aware that midwest markets like Indianapolis, Cleveland, etc. are the "top" markets these days in terms of current growth + affordability. I am very interested in potentially moving/buying in these markets next to universities or areas with high job growth potential.

I am looking for advice/direction on what you would do in my position. My current 10 year goal is to get to 10k a month in cash flow. I greatly appreciate all responses and will take each into careful consideration.

Best,

Andy Okamoto


Congrats on your recent graduation! 

Ohio offers multiple markets that are affordable and offer good cashflow. You could house hack a few Cleveland multifamily properties, then make your way to Columbus, which is one of the top real estate markets in the country. 

Post: Mid-term rental to constriction workers

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 491
  • Votes 675
Quote from @Jung-Jin Shim:

I've been searching for rental properties in Columbus for months, but I've noticed that it's extremely difficult to find a property that's profitable with high interest rates and already significantly increased property prices. Some say there are still opportunities in Columbus since it's growing, but I'm unsure if investing with the hope of future appreciation is a good idea when current cash flow is very weak. Some suggest investing out of state for better cash flow, but that's not an option for me at this time.

Recently, I ran into a realtor who suggested mid-term rentals to construction workers as a more profitable investment model. She mentioned that she's doing it herself and finding it very profitable. Before taking any action, I'd like to research whether this model is truly profitable and feasible. Has anyone done this or heard about this type of rental? How do I attract construction workers as tenants? How does this differ from long-term rentals or mid-term rentals for travel nurses?

Thank you!


 We have cash flowing markets nearby such as Dayton, Newark, and Lancaster that you can check out. Also, if you're ok with value add or C location properties, you can find cash flowing rentals in Columbus

Midterm rentals are a good way to maximize cashflow with the right systems and marketing in place. Location will be very important as well. Whether it's construction workers or nurses, you'll want to be near where they work and understand the length of their contracts. 

Post: New investor in the united states

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 491
  • Votes 675
Quote from @Brian Hayne:

Hello, I am a new investor primary looking at the Columbus Ohio market.  I am a foreign national so will be investing from a distance. I would like to buy a duplex and try an airbnb and if that did not work would like to long term rent the property.  If anyone can offer any advise I would love to hear from you.

Thank-you


 Welcome! 

I've been investing in Columbus for the past 5 years. It's a great market for short, mid, and long term rentals due to its strong economy and growing population.