All Forum Posts by: Denny Ramirez

@Denny Ramirez

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

7. Finally, if you can't find what you're looking for, try the Bigger Pockets Fileplace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors. I've myself uploaded a rental property analysis spreadsheet intended for beginners, available in my fileplace: https://www.biggerpockets.com/files/user/NickPeters

Please let me know if I can help, and best of luck!

@Denny Ramirez Hey Denny, welcome to the investing club!

I would also recommend looking at Evansville, a few hours south of Indy. 118k population. Great rental returns. I have personally gotten around 50% ROI annually on them. I typically shoot for 20-30%.

Let me know if you have any questions. I'd be more than happy to help. I'm a licensed agent in Indiana.

Columbus is great! I have over 20 doors here.

@Denny Ramirez

I agree with @Mikael Winkler. These are all solid C areas to get great cash flow. I really like the areas directly under German Village. The north side of Marion Village could definitely be considered an A-B area and as you keep going south towards Hungarian Village it trends toward C. Lots of opportunity for great deals with great appreciation potential. I’m also seeing that many investors believe in Southern Orchards which is directly east of these villages. Northwest of CBus is Linden which is hot as well and very affordable. It is right next to Clintonville (an A area), but it is still currently C in my opinion. The combination of these developing and affordable markets with great potential from the population increase, combined with already developed markets is what I feel makes Columbus great.

@Denny Ramirez

Welcome to BP! Definitely exciting to begin your REI journey. Soak up as much info as you can here on the forums, listen to the podcasts, blogs, etc. I lived on here for about a year when I first began.

The BRRRR strategy is a great way to begin. And I do agree the Midwest is a solid area to focus, as there's plenty of opportunity to get into a property for significantly less than the coasts. And, through value-add renovations increase value enough to refinance and pull all your capital out. That's always the goal - to pull ALL your capital out in a refinance and have a cashflowing asset. Pulling everything out doesn't always happen, but is certainly possible in many Midwest markets.

I also agree that Columbus is a great market for that strategy, but also in general. Many of the neighborhoods around the city (Franklinton, Linden, Southern Orchards, Hilltop, Merion Village to name a few) have plenty of value-add opportunity at that lower price point you want to focus on initially. I would recommend reaching out to local professionals to get a more in-depth feel of the city. For any market you’re looking at, really. Not just Columbus.

Good luck!