All Forum Posts by: Anthony L Amos Jr

I am an 18 year old from Columbus Ohio and am looking to become a mortgage broker. I am coming here to seek advice from experienced individuals in this field. Any advice is greatly appreciated. 

Hi All!

So happy to be a part of the bigger pockets community. I work in finance as a capital markets analyst and enjoy the analytical work that goes along with my role. I am really passionate about building personal wealth and financial literacy and this brought me to real estate investing. I enjoy all types of investments from building my portfolio of ETFs and stocks, fixed income securities as well as REITs and now asset accumulation. 

I am Boston based but looking in more affordable and high growth areas to buy my first property. I'm currently looking in Ohio (Columbus/Cincinnati) but am open to guidance on areas of high potential if anyone has suggestions! I am particularly interesting in hearing about areas with real estate incentives for first time buyers or investors. 

Looking forward to meeting other members and connecting with everyone; please feel free to connect or reach out! 

Hi all, hope this finds you well. In need to generate $3k+/month net positive cash flow and willing to invest upto $600k in multi unit properties. 

I have one SF in Cali that i manage myself however thinking of going out of state.

Not worried about appreciation as long the target is met. So far based on my research Michigan and Ohio are top of the list, would love to hear suggestions about any other location that can help me reach my target number. I worry about maintenance cost of the Multi units in these locations as they are 100+ yrs old.

If you have any suggestions on locations to consider, strategies or even have any good realtor/contractor in the area to share would be super grateful.

Hi,

My partner and I are hoping to dive into the Cleveland or Columbus rental market very soon. We are planning to purchase the property in my name on a conventional mortgage and then move it into an LLC. We are looking for lenders that allow the conversion of a loan from an individual to an LLC. We are also looking for connections to handle this type of transaction.

Here is a list of 17 metros in the US that have population larger than 900k and median house price is below 400k:

Which metro you recommend and which metro you don't recommend?

I know California is not so investor friendly due to high taxes and non landlord friendly regulation.

Florida has high insurance costs in some areas?!

What do you think?

Hey,

Im new here and made it a goal to start investing in multifamily units next year and am looking for a mentor and/or suggestions

Thanks in advance!

Gabby

So I'm a fan of MF investing.. I've been looking at traditional financing with 25% down (it sucks I know but I've saved and don't know of better options currently) and I've even considered going FHA at 3% IF I could find a nice quadplex locally. The main issue with both of these plans, ESPECIALLY the FHA one, is the mortgages! With non primary rates over 8%, nothing seems to be able to create any kind of decent CF. I'm running numbers on properties with 120-150k out of pocket with ROIs in the 11/12 year range because most properties are CF around a couple hundred a month. I know I could refi eventually but I disagree with ever accepting negative CF and don't want to put myself in any compromising position. That being said, I know the big players that are into both SFH and MF aren't not buying due to the rates.. atleast I assume they're not. What can I do? What are you doing? How are you able to invest in this climate and make deals make sense? Also, I live i the central Florida area where we've got duplexes selling for around 4-500k.. Let me know your thoughts! I'd greatly appreciate it. Having a very hard time keeping a positive mindset toward RE investing with the current economic state and "whats to come".

PS.. for those in my area who look at out of state investing, I'm attempting to learn more about this subject and getting over the sketchiness of never seeing a property or physically being able to handle something if necessary BUT, if you are.  Where are you looking at investing and in what class of property? Hows the CF?? 

Hello everyone, My name is Anaika. I'm only 18 years old and have a good chunk of money saved up, but I don't know what to do with it. I always wanted to start house hacking; that's always been my main focus in life. I want to buy a home and rent it out to someone reliable, but since I'm so young, I think I can't really do much because it will be tough to get the deal started on the property or just get the bank to give me a FHA loan from the start. My credit isn't bad at all, but I don't know if that matters at all. I'm just coming on here to get some suggestions from you and see what I can do. I'm a very ambitious person and like to learn from others.

Hi BP Fam! I am in the process of my first 1031 exchange. I had a buyer over the summer that totally screwed me. He led me on and then ghosted which put me in a totally new environment. I'm finally closing but the new interest rate is 75 bps higher than before. Story of the year, I know... Now I'm experiencing it firsthand. I have been looking in Columbus and Cleveland primarily. I was recently pointed towards Sioux City, IO which I don't know much about. I'm having a hard time making anything pencil. Curious if there are any other markets you guys are having better success in? Please help! THANK YOU, THAKN YOU, THANK YOU!!!

Hello all!

It's a pleasure to be a part of this group. As the title states, I am ready to buy my first rental property. I have 100k as my disposal and I am currently looking at single-family homes or multi-family homes. The goal is to purchase to rent, then do a cash-out refi to add more homes to my portfolio. I am using ROI spread sheets (which I'm sure everyone is to an extent) and simply looking at cash-flow positive homes using the 1% rule. I am having a hard time finding single-family homes that meet the 1% rule and some multi-family ones. Does anyone have any advice on where to begin? I currently own a home, so the living-hack does not suit my situation, any suggestions? Also, is my 1% philosophy skewed, am I being narrow-minded, is it a location thing? I am open to any and all suggestions. Again, just starting out and I will love any advice. Thank you!