All Forum Posts by: Bridget Poston

@Cody Bradley I was thinking you found it on the MLS since you have access, but thought I'd ask anyway.

Not sure what kind of financing you used, but we were thinking of using an FHA loan if possible. We have read that you need 2 years of a consistent employment track record though, so if that's true, if they're strict about it, then we were planning on waiting a couple years while we save up $ since we just got our jobs. Although we would like to get started earlier if possible.

Do you know anything about that type of loan? Or perhaps another financing option.

@Brandon Sturgill thanks Brandon for the great info and advice. I never thought to talk with a housing authority. If the nearest one is outside my county, do you think they’d still be familiar with - and perhaps offer housing in - counties/areas outside of the one they’re located in? Not really sure how they work so sorry if it’s an obvious question!

@Derrick E. thanks for the reply! That’s nice to hear from someone who is familiar with those areas because our goal is to invest for cash flow, at least right now. 

@Cody Bradley hey that’s awesome, congrats! I hope it works out well for you. How did you find that deal, if you don’t mind me asking?

@Jeff Ronningen I greatly appreciate you listing out some very actionable steps. Will definitely take note of those and implement them.

Thank you guys for the responses and encouragement!

Hi BP community!

My name is Bridget and my boyfriend and I just recently moved to good ol' Marietta, Ohio. We have been studying for awhile since we found BP but i realized i never made a formal introduction! Well here it is. We are currently saving up money for a down payment on a property. We are interested in investing in small multi families to start, and scaling up from there. We'd like to house-hack a small multi to get some landlording experience and get our feet wet. Right now, aside from educating ourselves through BP, books, etc. we are looking to do two things:

1. Connect with others locally - those investing in Ohio and West Virginia ideally, but I love talking to anyone and finding out how they do what they do and seeing if there's any value i could add. And also discover some REIAs/ RE meet ups near Marietta. So if anyone knows of any or is hosting a meet up somewhat near Marietta, OH, I would love to hear from you!

And 2. Market analysis. We are new to Ohio (although my bf has family here) so we are not too familiar with the areas. We are trying to figure out the best way to cheaply or freely analyze markets and find an area to invest. I do know of some resources that give you data on crime rates, pop. stats, and rents, etc in an area. I also know that talking with other investors about what they do will help too.

Any other suggestions or tips for doing market research?

Any and all feedback is appreciated, thank you in advance!

Bridget

Jason thank you for posting this question because I was wondering the same thing! David, your response is very thorough and pretty much what i was looking for to get at least an idea of what holding costs are. Thank you for the info!