All Forum Posts by: Chase Vance

@Travis Anderson Welcome to the City!! Thank you for service. I am currently looking for a 3/4plex to house hack so sounds like we have some things in common!! Let's chat over the phone sometime or meetup for lunch. 

I can give you insight for sure. All I can say is wholesaling is huge right now!!! Sellers market though, so makes sense. You need to join our Newbie Real Estate Investor Meetup via Meetup.com/our FB Group. But yes, visit my profile and checkout the meetups I attend. There are 2 solid MF meetups in town I know of. If you put in effort, you can create some impactful/win-win interactions and long-term investor relationships. Going to these events sped up my development & success!! 

@DeMonte Hester Solid, I like it!! Very feasible for you there!! Don't put too much focus on schools if you find that great C class prop in a B area, because that's gold if the ARV and scope of work make sense, plus you can fund it. BRRRR for sure works here (Harvey Yergin is a master at it haha), just have to make sure your rehab and ARV is solidified and as close as possible to the real number or else you could lose your tail, not get it refinanced correctly, spend too much on rehab (materials/finishes and labor costs). BRRRR is all about the formula!!

In particular, the Asking Price, Rehab Costs, Retail Value/ARV, Your % of ARV, Your Max Offer, & Market Rent to Understand Monthly Cash Flow & Tenant Quality.

Other strategies that see success in Central OH are obviously wholesaling, you see some highly successful seller finance (Lease Options/Subject 2) investors, highly successful Private Money/Flip guys, and a few STR (AirBnB) investors. There are more for sure but that's what I hear/see the most.

On my end, I am wholesaling right now with Brian Jordan's team (he has been in Columbus for about 6 years doing it, has done it in TX, MI, and FL). One of the more reputable wholesalers in the area for sure. He literally messaged me on BP one day, we met at a Tim Hortons, talked REI, and it's been history ever since. He got me out of my full-time SEO/Web role too.

I am building up my capital to invest into a 3 or 4plex to househack as my first investment (live there for a yr). 

My longterm and fulfilling strategy is longterm apartment investing, goal is to get to 100 units then 1000 units. 

@DeMonte Hester Top Columbus/Central Ohio REI meet-ups:

Central Ohio Investors Network (COIN), Columbus Deal Makers Sessions (HomeVestors), Columbus Multifamily Investors Meetup, The CREAM (Columbus Real Estate and Mindset Meetup), and Newbie Real Estate Investors Meetup (investors with 5 or less deals). 

I am one of the 3 hosts for the Newbie group, solid group!! 

A new one I found is called Multifamily Investor Nation via Meetup.com. 

COREE is for straight education (some networking if you plan to network--which I would heavily) and they will sell you on random programs/classes/seminars, etc. Good people there just be conscious. 

Also, most groups (if not all) are once a month so put them on your calendar, set reminders, and attend!! It will be well worth it. I have met people/investors/millionaires at these meetups who have sped up my growth & influence in the Columbus, OH market and surround areas of Central OH. 

DeMonte, what are your goals? What investing strategy you plan to implement?

@Marc DuLaney Hey Mark, that is awesome!! How do you plan on acquiring it & finding the 4plex?

I am actively looking for a 4plex as well to house hack with a cheap loan (whether vacant or with 3 units currently occupied), and continuously add value to it, with the goal of moving into a conventional loan (not FHA). This will be my first investment. 

My big thing is that I am contemplating between a listed 4plex or an off market 4plex. There are benefits to both, but the true value-add opportunity is in the off market deals that you can traditionally finance through a mortgage lender, unless you have enough cash to acquire yourself or with a partner and the deal is priced at a discount. 

It seems the trick to finding a 4plex around Central OH is to find the seller first before any investor/wholesaler finds them. When you're the direct source, you have all the control and buying power. You have to approach the seller/owner correctly too though. 

I am a long-term apartment guy and my goals include reaching 100 units then 1000 units, and I am developing a plan of action to scale quicker, through creative acquisition such as private money syndicating/partnering. I'd rather have 20% of a huge deal than 100% of a small deal. 

Let's connect outside of BP!!!

@Hatim Barma I can refer you to some top notch agents in central OH, but Harvey and Brad would be 2 of the 4 I would say connect with first as they own their own investments, have solid networks/experience/exit strategies, and are loyal/dependable/honest/fast/communicatable, etc. Easy to vet agents here and weed out the bad ones. Count on and continually trust quality investor referrals in the REI space.

I second Paul at Landsel & PM Title. 

Two others are Kristen with World Class Title & Erica with Bridge Title. From my network and referrals, all work well with investors/wholesalers.

Thang, shoot over your contact details and I can share a ton of deals I get in throughout the week. I come across highly discounted deals in various areas within and outside of central OH/Columbus. I am connected to all of these wholesalers in the city. North Linden is competitive for sure, and highly desirable for most investors within the city limits. 

Brian Jordan (The Property Shop/Hometown Property Solutions & Hometown Home Buyers).

Todd Sterling

Sean Grabow

Aaron Bowman (A. Bowman Investment Group)

Tiffany Burns (Heels Homes)

John Horner (Core Developments)

Dan Wickland

Tony Del Ray

Tim Dye (614Houses or Deals)

Austin Rutherford

David Yoder

Adam Fansler

Duece Slade

Brian Urbanski

Peter, shoot over your contact details and I can share a ton of deals I get in throughout the week. I come across highly discounted deals in various areas within and outside of central OH/Columbus. I am connected to all of these wholesalers in the city. 

Brian Jordan (The Property Shop/Hometown Property Solutions & Hometown Home Buyers). 

Todd Sterling

Sean Grabow

Aaron Bowman (A. Bowman Investment Group)

Tiffany Burns (Heels Homes)

John Horner (Core Developments)

Dan Wickland

Tony Del Ray

Tim Dye (614Houses or Deals)

Austin Rutherford

David Yoder

Adam Fansler

Duece Slade

I invite you to our Newbie Real Estate Investor Group/Meetup in Columbus, OH, find us on our FB group, BiggerPockets events, and Meetup.com (that most people use). We have many active members now and are growing. @Bo Cochran. We meet once a month. Come share your goals and connect with us!!

Simple, Network at local meet-ups and join your local FB groups or pages (even search the Houston marketplace via Facebook where properties for sale are posted. There are countless members of those groups who give away their email addresses and phone numbers. Checkout the local websites on Google in the area you are farming too, use this ISearchFrom tool as well, so you can search anywhere and your IP address/location will not affect the search: http://isearchfrom.com/. 

Also, look up properties on BiggerPockets from Houston, on those off market facebook groups/pages, join the buyers lists of those motivated seller/wholesaler websites you find on Google (whether Organic or PPC ads). There are so many ways. I'd say read the book: How to Invest in Real Estate (Josh Dorkin & Brandon Turner) to learn the effective strategies.