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All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 497 times.

Post: New Member Introduction

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Tyler McKown:

Hi all,

My name is Tyler McKown and I am a college student at Kent State University studying economics and marketing. I graduate in December and would love to get started in real estate but want to learn before I dive in. I have some interests in real estate topics but I am open to any kind considering I just want to learn as much as possible and find my niche. After I graduate, I would love to take a little time off and not jump into a job right away. Instead, finding a mentor or real estate internship would be something that I would love to do. Feel free to reach out to me and connect or send any possible connections my way. Thanks everyone!


 Welcome and Congratulations on your upcoming graduation! 

If you haven't already, read Rich Dad Poor Dad (Kiyosaki), Get Free Houses (Rutherford), and The Multifamily Millionaire (Murray&Turner). 

Post: Advice on finding properties....

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Josh Wright:

Hello!

My name is Josh Wright.  I am a REALTOR in St. George, Utah. I am wondering if you all have any insights on finding properties to buy and flip?

Thanks!


 Driving for dollars, calling bandit signs and working with wholesalers, following up with other realtors you meet and ask for pocket listings, and direct mail to distressed properties are a few ways to find discounted properties to flip

Post: Advice needed for out of state investing

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Ivan Luna:

I would like to get some input/advice on what to do next. I currently own a rental with my brother in Oceanside CA which we house hacked for a couple of years, until recently I moved out to purchase my own home. I would love to keep investing here in SD but it is nearly impossible with the current home prices and interest rates. I have also thought about building an ADU on the rental property but I do not want to refinance and pull money out of the current 2.8% loan. I have decided to invest out of state but am in analysis paralysis as to which state/city to invest in. I have about 25k to invest and would like to hear your ideas of what would be the best strategy . I appreciate any input , thank you.


 Markets like Toledo and Cleveland are affordable and can create good cash flow using them as long term rentals

Post: Looking for assistance to be made into a success story

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Diana Turner:

Hello all,

My name is Diana, currently from Detroit, Michigan. I have always had a passion for real estate but never had the finances part in order. I never knew the different ways to finance properties, I never knew that you could have very little money and still start investing, I am extremely new to this world of investing but I have been eating alot from BP YouTube channel and I am eager  to learn from experience people. 

Currently going through a separation from a 18 year marriage with 5 kids and all responsibilities including finance have been left to me with no assistance. I came to learn about BP due to someone posting it in an Michigan real estate investing group on YouTube, the segment was encouraging and just want I needed, as I could relate to her story and she's from Detroit.

Looking to learn, because of what I have been going through, I have a hunger to be surrounded by women(in a good way, not in a bitter way)

No regrets, because my circumstance has fueled my passion to aquire properties and start my  investment journey.

I have already got an LLC, and working on building business credit, would also need help in this area.

I would love to learn from people, any suggestions on how to acquire my first purchase would be helpful as I am still out of the womb new , anyone who is willing to guide me, I am all ears. I am so greatful and honoured to come in contact with BP.

Also side note, I do not have support or know anyone in Michigan and I would to meet adults as I work from home, and have 5 kiddos, so all that is around me, are the kids.


 Welcome! I am originally from Detroit! I live and work in Ohio now but would be happy to answer any questions

Post: Switching Lender - First Rental (OH)

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Christian Wendelboe:

Hey everyone! I am currently in the process of getting my first rental property. It is out of state as I live in NYC, also my first property ever as I rent my main dwelling in the city. I've been wanting to get going for a while and it looks like we finally found a property to pull the trigger on.  I connected with one lender so far and want to hear from others and try and get a competitive offer. I should hear back on whether or not the sellers accept our offer today. How long do I have to keep looking at other lenders? Is it already too late? Or could I keep reaching out to others to keep things competitive? 

Also, would love any recommendations on lenders in Ohio (Cleveland area).

Thank you all!

 Check out my guy @Nicholas Salman

Post: Long distance investing

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Tammy Ginsburg:

Hi,

I’m a new investor, still trying to find a deal. I wanted to invest out of state. Anyone know, what states are the best right now. My market is so crazy expensive in MA.


 Bring your talents to Ohio! Affordability, Appreciation, & Cashflow can be found here

Post: Looking for sellers agent in Detroit

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Jessica Dean:

Looking for a sellers agent to help me sell a single family home in Detroit. Thank you!


Jacob Rayford w/exp

313 312 4893


Post: Potential Alternative to House Hacking?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Ethan Kohler:

This would not be traditional house hacking, but maybe a cousin to it... I'm curious if many people have found success in moving to a new primary residence, but keeping their current house as a first rental property. Is it viable to take out a home equity loan on the original house to use as down payment for the new house? Of course, one wouldn't have the sale proceeds to use as down payment in this case. 

I purchased my current home in 2017, and have quite a decent interest rate and a fair amount of equity.  Maybe there are many specific details that would impact this, but would appreciate any insight into this strategy as whole. Additionally given current interest rates. 

Thanks All

What @Drew Sygit said!

I have purchased multiple primary residences and fixed them up while living in it. However instead of keeping them (which I should of done) I sold them after two years, to avoid cap gain tax. It's a slow roll but luckily for me the market was hot and I profited 6 figures on each one.

Buy value add properties, fix them up while living there, and get another after 12 months. It's like BRRRRing primary residences.

You should also consider buying a 2-4 unit next and using this strategy. You could scale a lot faster if rentals (doors) is your goal.

Post: What is the best way to invest 250k?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Paul Farley:

I am looking at investing into real estate. If you had financing for $250k, what would you invest into for your first purchase?


 You can begin by househacking or purchasing affordable cashflowing rentals right there in Cleveland. 

Post: Property Managers in Toledo Ohio?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 509
  • Votes 695
Quote from @Zachary Schimenz:

Anyone know of a good property manager in Toledo Ohio? I own a duplex there, looking for someone to manage it.

Thanks!


 I can send over a list of contacts in Toledo if you would like