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All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 494 times.

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

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 506
  • Votes 692
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 506
  • Votes 692
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 506
  • Votes 692
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 506
  • Votes 692
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 506
  • Votes 692
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 506
  • Votes 692
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 506
  • Votes 692
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

Post: New member on a new journey

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 506
  • Votes 692
Quote from @Krysta Taylor:

Hi everyone! My name is Krysta and I am a new investor. I live with my boyfriend, two sons age 12 and 17, and three dogs in a beautiful rural area of norther Harford County MD ( about 40 minutes north of Baltimore).

I do have one long term rental and one Airbnb, but I actually owned these prior to knowing about REI. I am currently in a mentorship and am committed to growing this business quickly!

I am a Registered Nurse and have cut back my hours to focus on real estate with the goal of being able to quit my current job and have a full time REI business!

I hope everyone has a blessed day!


Welcome and Wishing you the best! 

Post: Finding my intro to real estate investing

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 506
  • Votes 692
Quote from @Zihan Huang:

Hello,

I am currently trying to find my intro to real estate investing. I make about 89k a year and I have about 20k saved (~10k in bank and ~10k in ETFs). The main issue for me right now is that I live in NYC and if I want to invest in a property here, I do not have enough saved up, and I do not make enough. I have also considered purchasing a property in another state (Texas) and hiring a property manager, but I am not totally sure how that works. What is your advice on how I should get started with investing in real estate? Thanks in advance :)

If you are looking for affordability, appreciation, and cash flow Ohio has some great markets. Columbus, Toledo, & Cleveland have been some of the hottest markets for investors for one or more of the reasons I mentioned. 

Post: High Value home but lower rental market

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 506
  • Votes 692
Quote from @Daniel Lambert:

I am new and have only just begun my research and looking for deals. My issue is that the average SFH is $650000+ and duplexes can be $700000+. If we typically want to shoot to have rent be 1% of the mortgage, how am I supposed to be able to rent something out for $6500 minimum (whether for a single family home, or split between units in a duplex)? My rental market averages $2500 for a basic but nice house, 2+ bedroom apartment or townhome. What are my options in this ridiculous market?


 A lot of investors from your area are investing in Ohio for this reason.