All Forum Posts by: Anthony L Amos Jr

House hacking is a great way to start in any market. The hike in rates will slow retail home buying down since your money is less than it was a year ago but people will still need a place to live. The rental market will continue to be strong especially in strong growing markets like Columbus, OH. 

 Consider house hacking. Buy a 4 unit and live in it for 1 year then a triplex and so on then refinance your investments and buy your home with much less out of pocket and have steady cashflow coming in.  

If not, then putting +25% down on investment property should not interfere with you getting a 3-5% down conventional for your personal home. The only concern would be your debt to income ratio. Check with lenders in your area to see what ratio they would like to see and it will help determine if buying your investment property first would be a good idea.  

 I would definetly partner up with someone in my market to begin wholesaling or rehabbing properties to build more cash then go out and purchase rentals. 

I live and invest in Columbus, OH which according to roofstock is predicted to be the 5th hottest housing market in 2022 (https://learn.roofstock.com/bl...) With a diversified job market and growing population Columbus has been great. Where ever you decide to invest make sure you get in contact with local realtors, property management companies, contractors, and lenders to help with your market research.  

 Welcome Nicholas!

 You usually can do pretty good in areas with large colleges, a hospital, and a golf course if you "buy right", and overall Toledo is known for being a good cash flow market. 

One of the biggest complaints I hear from investors is "I should of kept more properties." It all depends on your long term goals but ownership is the key to generational wealth 

You should focus on your CORE 4 when long distance investing 

https://www.biggerpockets.com/...

The answer is in your goals. Buying turn key properties is great if you have the cash and looking for good cash flow. There is definetly more risks when renovating however the reward can be well worth the risk if you build the right team. 

Good Luck!

Absolutely Not!!!!!!!!!!

Teach them how to pronounce your name. A nickname is ok but do not "Americanize" your name.

Make content teaching people how to pronounce your name and what it means.

When adding value to people lives, they will remember your name.

Good Luck!!!!

If there is room to pay a lender back with a refi after rehabbing I would def look into getting a renter in it and keeping it, taking any cash leftover and invest in something else. If the numbers workout you can find lenders that will pay for the rehab but you may not be able to escape the high interest due to credit and experience. But that's ok if the numbers still workout when analyzing. You maybe be able to get around at least 195k (75% ARV) out with a refi if the lender's appraiser agrees its worth 260k. Subtract closing, mortgage, lender, and rehab costs to get an idea of what you'll have left over. Keep calling community banks that will work with your credit situation on the refi, raise private or hard money for the rehab (get fees associated upfront so you can calc.) and reach out to other investors in the area that can help guide you through the process for a share of the take home after refi.

Seek to Serve or Pay to Play

Good Luck!!