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All Forum Posts by: Evan Hopple

Evan Hopple has started 0 posts and replied 165 times.

Post: What market is the best right now?

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332
Quote from @Aqsa Mughees:
Quote from @Evan Hopple:
Quote from @Aqsa Mughees:
Quote from @Clayton Silva:
Quote from @Aqsa Mughees:
Quote from @Clayton Silva:

Not to be dismissive, but it is almost impossible to answer that question without first understanding what your goals are.  Are you trying to replace income with cash flow? Are you looking for tax breaks and using real estate to offset income?  Are you looking for appreciation?  Are you looking to fix and flip?  Are you looking for long term rentals? Short term rentals?

Narrowing down your goals will help you better choose a market the fits your investment criteria.

I am looking for long term rentals and of course appreciation.



 In regards to your markets you mentioned, TX is likely going to be a better market for appreciation than OH.  Be wary of TX property tax as it is very expensive and can impact cash flow if not factored properly.


 what about cleveland?

Central OH is really your best bet for long term appreciation. Are you asking about a $50k purchase price or $50k in hand for a down payment?


 down payment


Columbus C-/C location Duplex, C+/B- Single Family
Cleveland C+ location Duplex

Post: Is Columbus Ohio still a good place to invest?

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

@Ryan Louz

The cashflow deals are mainly C location 1-4 unit properties. The metrics for long term growth that made investors turn to Columbus still hold true and most of the job creation projects, like intels micro chip factory https://time.com/6140476/intel-building-factory-ohio/ haven't even been completed yet.
 
A good local realtor will be able to guide you on the neighborhoods and should have deals available to you that aren't being listed to the open market.

Post: Not sure where to start my investing journey

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

@Shrikant Kakani

Columbus, OH is one of few markets that have property with enough cashflow to pay itself and all the metrics for long term appreciation. 

Post: New to real estate investing, looking to learn

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332
Quote from @Jon D.:

Hello BP forums!

First post here and I am completely new to real estate investing.

I live in Connecticut and I have settled on wanting my first investment to be in Connecticut. This is currently the only thing I am actually decisive about.

I think I'm struggling with analysis paralysis combined with generally being overwhelmed by all of the different metrics and data to look at.

Specifically, I'm currently trying to narrow my market within Connecticut, but I am getting stuck on how to determine a "good" market. My goals are cash flow primarily. I keep hearing that it makes sense to focus on markets that have strong economic and population growth, but there's really no overlap between population growth, economic growth, low prices, and low taxes.

So my question really is, what's the best way to get out of this? Is Connecticut just a bad market? Am I being too much of a perfectionist? How does one go about determining what a "good" market is to start out?

Thanks for any help on this.


There is no perfect market that's going to meet all of your criteria. Figure out where you can give and take and then invest in the market that fits those metrics the closest. I know nothing about the Connecticut market but that might mean you look elsewhere

Post: Building the right team

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332
Quote from @Steven Olivas:

Hello, I am new to Bigger Pockets and seeking guidance with my first real estate investment. I think now would be a good time for me to invest because I don't have any debt at the moment, and a decent amount of money saved up. Im looking for help with the next steps and figuring out all of the details needed to make it happen.

I would like to close on a deal by the end of this year, not sure of the exact market I'd like to invest in mainly because I've had trouble finding listings on the market. But, currently looking around the Midwest area’s where I could do multifamily rentals. I know it's a lot of work since I live in California and harder to achieve but I think the potential could definitely make it worth while, especially with the right team (investment real estate agent, property management etc.

Conclusion, I've done some research but definitely open to any opinions and suggestions from people with more experience. Any tips or advice for what exactly I should be looking into or staying away from would be great. Additionally, if there is anyone in or around the Midwest areas that has any state specific advice or contacts, I would love to get in touch to expand my network and build a solid team.

Welcome to BP Steven! Absolutely right, building a team you can trust is the key to successfully investing out of state. You'll hear quite a bit about the OH markets in the forums, and I think for good reason. The state has a great deal of diversity between each of the major markets. Whether you're looking for cashflow, appreciation or a mix of both - OH has something to offer for each asset class. 

Happy to help!

Post: FHA Loan question

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

@Nick Mazziotti

A property that needs 10-12 months of rehab won't make it through FHA appraisal

Post: Starting Out - How to Narrow in on a Decent Market

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

@Natasha Rooney

Columbus, OH would be a good fit for a long term buy and hold with enough cash to pay for itself and have a little left over every year to reinvest. Solid business and population growth to support long term appreciation. 

Happy to happy!

Post: Brand New Investor looking for Lender

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332
Quote from @Miguelli Fernandez:

Southern California based but looking into buying SF or MF in Cleveland.  Have multiple local lender options but considering the lender my agent is recommending.  Aside from the lender being vetted by the agent already, are there any other positives or negatives to using a lender in the market im looking into?

A negative would be chasing the best rate with a lender that can't get the deal done.

Post: Quad+ RE Investor

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

@Jerome Davis

Welcome to BP Jerome!

Cleveland multifamily is great if you're looking for cashflow. I would also look to Columbus for its appreciation. 

Post: My Life-Changing Decision

Evan Hopple
Agent
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 167
  • Votes 332

Columbus, OH is a fun city to live in and plenty of tech jobs moving here. I would look for a househack here