All Forum Posts by: Anthony L Amos Jr

How difficult it is to get Toledo STR permit? Do they accept aircover from airbnb as the required insurance for the application?

I purchased this tri-plex property as a BRRRR in March 2021, completed the renovations on all 3 unit interiors as well as the exterior in August 2021, completed the refinance in October 2021, and have been cash-flowing this property since. Rents are currently $850/month for the middle unit, and the two end units are vacant and ready to be rented. All units are separately metered for water/sewer by a submetering company, and tenants pay for the gas and electric as well. Offstreet parking assigned to each unit. Gross income in 2022 was $25,610. Perfect investment for a remote investor looking for a cashflowing property with appreciation potential (see $20Billion Intel and $7.8Billion Amazon Web Services investment press-releases) and I am now wanting to diversify my portfolio by investing in mid-term rentals for traveling nurses and short-term vacation rentals, so I am willing to part with this property.

Hey everyone, after shifting around my finances and returning to look for my first rental property, I am looking for a small multi-family property in a lower budget range from $125-175K (smaller % of net worth). Given the range, I am looking in cities that are more affordable but still appealing characteristics/demographics like Columbus, Cleveland, Indy, KC, Memphis, etc. I guess my question is what are the chances that any of these properties will be in or approaching Class B? 

I know that multi-families, even a duplex, triplex, and quadplex, are usually at premiums to SFR given the income and cash flow potential. Therefore, I am assuming that properties in this budget range would be lower quality and in less desirable neighborhoods even in the more affordable cities. Am I thinking about this the right way and what would be the best way of determining the class of properties to balance quality and the lower budget?

Hi Everyone, 

I posted about two months ago asking for advice on areas to invest in as my husband and I have been able to save up and are ready to purchase our first rental. After weeks of research, I think we've finally agreed that we'd like to start in Ohio. We set up a 90 day goal. So I am hoping to connect with some people who can give us advice, maybe build a team with experienced realtors, lenders, property managers, contractors. Anything would be appreciated!! 

Thank you, 

Karen

I’m trying to get loan for my first rental investment and I was wondering does anybody have experience using a Mortgage broker that service the Cleveland, Columbus, Dayton, Springfield Ohio areas? Thank you. 

Greetings All

I’m ready to start my portfolio with rental properties. I currently reside in California, so I’m I interested in oos investing.

I've been looking in Texas. DFW, Houston, and Fort Worth. What other cities do you recommend for cash flow. I'm only interested in multi family, and SFR.

Ready to build my team, but unsure where to start.

Plans are to purchase 1duplex or 2 SFR in the next 30 days.

Any advice or words of encouragement are greatly appreciated.

Thanks!

Hi everyone! I’m new to real estate but am so excited to dive in. 

I’m an online business owner originally from New York who has been traveling full-time for the past 5+ years - I spend less than 35 days in the country due to FEIE.

I’m looking to buy my first multifamily investment property. Thinking Philly but am open to other markets. 

If you have any advice I'm all ears. Thank you all in advance and look forward to connecting :)

Hello all, shortly before their vacate date my tenant re-keyed locks and refused to respond to messages to schedule move out and handing over of keys and was unavailable at the property on the last day of lease. They eventually vacated late at night two days later with a snarky text message indicating the location of keys left in the yard. Tons of trash left in the home and in the garage along with personal possessions - toiletries in bathroom, decrepit looking washer and dryer in basement (not hooked up and seemingly long unused ), old couch, old truck tires, vehicle battery, TV stand, mower and vac in garage. Due a separate bunch of ongoing issues, tenant has not provided any forwarding address. Could folks with knowledge of Columbus, OH laws on abandoned property advise me the best way to deal with the stuff that has been left behind? Thank you.

My situation:  Single family home under contract - closes Sept 7th (26 days), doing 1031 exchange, will have $275K-ish, wanting to move into multifamily.

Quandary - I want to buy in a strong market, have great cash flow, appreciation, get a larger building/more units for greater appreciation and mortgage pay down, etc., but the larger the building/more units - the less the cash flow, as it requires a larger mortgage, which means more of the money to pay for the property has an interest rate on top of it, eating into cash flow.  I am at a time in my life, after a career change, that I need more cash flow, but would prefer not to compromise the equity built from larger mortgage pay down and greater appreciation on a larger building/more units.  I've also primarily been looking in Raleigh, Charlotte (not finding much), Atlanta, Dallas, San Antonio (Texas - high property taxes obviously) and a little in Phoenix, but have heard it's overpriced/saturated.

I'm open to other markets!  Have tried to stick with larger cities to be safe, cuz I'm not well educated about smaller markets.  

Any advice on how to find the best combination of more units/larger building, cash flow, appreciation, mortgage pay down, etc? without endless searching? (which I'm willing to do if needed, but I'm a big believer in magnetizing/manifesting things over efforting).

Thank you

I've got about $330K that I can invest, and I like the Columbus area.  I go there all the time for work, and have friends there that could help me when issues come up.  The only areas I really know are: short north, grandview, dublin, powell and marysville.  I'm looking for B or B- area with good rental potential.  Also, I'm new to cold weather and how that affects maintenance. Looking for an agent, area recommendations and a good property manager.  Also looking in Tampa and Austin in case you see a similar post from me.