All Forum Posts by: Anthony L Amos Jr

Analyzing areas around Columbus OH for purchasing duplexes and SFH for appreciation / cash flow - would like to stay in $100-200k range - any insight on where to target and areas to avoid are appreciated.

You can find properties in South Linden, Central Hilltop, Eastmoor, and East Columbus (near the airport). Also some nearby areas to check out would be Newark and Marion, Ohio.

2 Votes

Columbus, Ohio

Quote from @Albert Massop:

Hello everyone, I'm excited to be joining the BiggerPockets universe! I am brand new to Real Estate investing and looking forward to acquiring my first property. I'm here to learn, hopefully find a mentor and in the near future help others. I'm located in Rockaway Park NY interested in out of state properties. Any advice would be appreciated, thank you all in advance.

Welcome! Check out Columbus, OH. It's a growing market where you can get appreciation and cashflow!

6 Votes

Quote from @Jace Moe:

Hello BP! My name is Jace, and I am finally taking a leap into this Real estate world. Just in the research stage and processing all this information has been overwhelming ( In a GOOD way) I already know, San Diego is not the place I want to purchase, so I'm looking into Midwest areas, close to other family members. Any help or advice is greatly appreciated. Have a great week!

Ohio is where it's at! Great cashflow, appreciation, plenty of development, job growth, affordable, and much more!

1 Vote

Quote from @Shola Sulaimon:

Dear all,

I am new to real estate rental investment and looking to purchase my first rental property as a source of passive income.

I reside in Santa Rosa, CA and property prices are way too expensive, as such looking in out-of-state areas.

I've honed down to select areas with 1 Year CES Job Change Percentage >2%...

1. Texas: Austin, Dallas, Houston, San Antonio

2. Florida: Orlando, Tampa, Jacksonville

3. North Carolina: Durham & Raleigh

4. Georgia: Atlanta

5. Nevada: Reno & Las Vegas

I need help from folks experienced in the real estate arena in honing down to the top 5 areas & neighborhoods or any other areas you may have insight into. I am looking for positive cash flow with this investment, locations with a propensity to increase in value & friendly landlord laws. Thank you for your insights!!!!

"...locations with a propensity to increase in value & friendly landlord laws."

Look no further than Ohio. We have multiple affordable markets that are continuing to appreciate, such as Columbus. Remote investors are cashing in on deals here daily for this reason.

3 Votes

Quote from @Bernie Burke:

Hello, I’d like to hear some ideas as far as what you would do if you had $100k in cash to invest? I already own a few rentals and feel the market is too high to purchase more right now.

Is there any room to improve your current rentals and increase rents? Become a private moneylender until rates are down. Invest in affordable markets like Toledo and Cleveland, Ohio to gain cashflow even in this high interest market.

1 Vote

Las Vegas, Nevada

Quote from @Steve Douglas:

Hello, I'm an investor in the Northern VA area with some equity built up and i'm looking for help growing my portfolio. Growth don't have to be local. Anyone got input on some markets to target for buy and hold.

Columbus, Cleveland, and Toledo Ohio are great markets for buy and hold investors!

1 Vote

Fairfax, Virginia

Quote from @Jared Knudson:

I reside in Utah. I am considering investing in or near Orlando, Florida, in a Single Family Property, below the median in a high demand area where there are lots of people moving to. I have less than a decade worth of Real Estate Investing experience. I have multiple properties under Lease Contracts at this time, and am looking to grow my portfolio in the top markets in the United States. Looking to build a solid and reliable team to help me out. Any suggestions for locations are much appreciated. Thanks in advance!

Multiple Ohio markets have been ranked nationally as top places to invest. Great cashflow and appreciating markets here such as Columbus and Cleveland

1 Vote

Ogden, Utah

Quote from @Enos Vazquez:

Single. Make $100k as a w2. Just bought my first property which I am going to house-hack 2 rooms at $600 each. I live in CA. Should I continue with my idea of buying my first investment home outside of CA? or should I wait let things settle until next year?

The sharks are in the water, circling and waiting for things to "settle". It may be to expensive by then. Buy a great cash flowing property now. Inexpensive markets like Toledo, OH and Cleveland, OH are doing really well for out of state investors. If you are looking for appreciation, Columbus, OH will be great for years to come

1 Vote

Quote from @Codey Wendel:

Hello everyone. I just started the mortgage application process and have been pre-approved for a loan with a 6.75% interest rate. I was planning on purchasing a duplex this summer and going the FHA route, but now am not sure if it's the right decision with how high interest rates are. My price range is 200-250k and my total interest paid when it's all said and done will exceed the purchase price. I don't want to sit around waiting for interest rates to drop and pass on some good opportunities, but I'm also not sure if I want to pay that much in interest.

Does anyone have any opinions on this? Would refinancing a few years after purchasing make my numbers look better?

Thank you in advance.

I would advise purchasing now. I doubt if home prices come down, and you can refinance when interest rates come down. Since you are house hacking, the goal in year 1 is to make sure at least half of your total expenses are paid by the tenant and in year 2 you should be able to cashflow a little. By year 3+ you'll be making good money and happy with your purchase. Since the tenants are paying, there is no need to worry about how much the total cost after interest will be.

0 Votes

Columbus, Ohio

Quote from @Anais Rosales:

Recently got a salespersons license in California with the hope that this would lead me in the right direction towards investing and discovered soon afterwards that California is actually one of the worst places for investing. Haven’t started as an agent yet, but more interested in getting a head start with the investment side of things.
My dad and I have planned to partner up and get into investing together. He has no real estate background but does have more of the money to invest. Together we have about 100k to invest. Dad is more interested in fix and flip but open to other methods as well. Any suggestions on areas in California or out of state to get started? Suggestions for types of investing? Financing? Advice in general? I’m consistently between the Seattle WA area (also very expensive) and the San Diego area but open to better markets for investing.

I would study up on becoming a private moneylender. You can offer short term high interest loans to experienced investors in your area to build up more cash. You can also learn a lot about fixing and flipping from those investors. Once you have enough money and knowledge, you can then enter your market and do your own projects.

0 Votes

San Diego, California

All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 485 times.

Post: Purchasing Rental Properties in Columbus OH

Post: New to Real Estate

Post: New to BP!

Post: Guidance from Real Estate Experts on Purchasing my First Rental Investment

Post: Investment ideas question

Post: Looking for a Mentor to help with growing my Portolio.

Post: Looking to invest in 3rd out of state Rental Property

Post: I need help figuring when to buy my first investment property

Post: House hacking with a high interest rate

Post: Advice on first investment (100k to invest)