All Forum Posts by: Anthony L Amos Jr

I have started building my own portfolio mostly consisting of single family homes. Theses homes are pretty concentrated in Eastern NC, where I live, I have always been able to scout the homes out. I have been considering in widening the scope of search to surrounding states that have strong markets as well. What advice do you have when searching for homes out of state? What do you search for in other markets? How do you personally vet homes when they are out of state? How to you manage risk when buying out of state?

hi im starting out i wanted to know can i live in nyc and buy out of state without traveling even once thanks so much

Just want to know what Home Inspection companies other investors are using in Columbus, OH. I have a property under contract in Hilliard, OH.

Hi all,

I'm currently in bay area, looking into out of state rental investments. I'm a total newbie at it.

Want to understand best possible route to take in this field.

1. What are the top states/cities that are hot right now for making a purchase ? Im looking at SFH/MFH under 300K.

2. Do you recommend buying tenant pre-occupied properties whether SFH/MFH?

3. What is the typical cost associated with out of state investments ? What are some of the hidden costs ? 

4. What is the usual cost associated if I were to hire a property manager to manage the house ? 

5. What is the expected ROI after deducting property management costs ?

6. Are roofstack /rentToRetirement reliable sources ?

Appreciate your thoughts. Thanks in advance.

Hello,

Newbie here!

I would like to start connecting with other real estate investors and syndicators in Ohio and get the ball rolling!

Thank you

I've been debating this for so long and I just can't decide what's best. I live in Greater Vancouver, Canada.. Would it be best to invest in a non-appreciating duplex that cashflows well (in Saskatoon or Edmonton- compare to midwest for US folks) or a non-cashflowing detached home in the coastal region of Vancouver area (think Seattle!) where there is tons of appreciation but NO cashflow. We would have to supplement the rent for a few years, but these properties are million dollar homes with great value. I'm so torn. what would you do? We have a decent amount to put in for a down payment (200k) but would stay with the 20% downpayment if going with a cheaper property (400-600k). We want to maximize our money to go as far as possible. Help please!! thank you so much for any responses!!! 

Any recommendations of a solid contractor in Columbus for Rehabbing a single family. 

I hired a guy to do some drywall work, he did part of the job so I paid him 1/3 of the money (500$) then he disappeared. Just talked to his brother earlier this week, turns out he is in jail. Should I try and get my money back from him or wait till he is out of jail (no idea how long that will be). Has anyone had this happen? Any recommendations?

Thanks!

Hello BP Community,

My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverage our future differently. During the transition I found a lead on a sizable SFH opportunity that requires significant renovation but has a high potential return. I began researching and self educating on Real Estate Investment.

It has been 10 days since I joined BP Pro. In that time I have secured two realtors, pre-approval for an investment property, and most critically a successful and experienced mentor with access to additional private funding. This is my starting point. If successful, the capital earned from this first experience will roll into future projects. 

If you are local to the central Ohio area and would like to connect on potential partnerships, please reach out. 

Good luck everyone.

Hello, I am an out of state investor from California looking at the Ohio Market, I was wondering what would be best practices to get financing for deals less than 70k, banks and lenders I have contacted have mentioned they dont finance deals that low. Also, if the ARV is near 100 would using hard/private money work and then refinancing? I am assuming it would be smart to have that discussion with a bank/lender if they were going to be able to refinance before doing so.