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All Forum Posts by: Jenna Harris

Jenna Harris has started 9 posts and replied 27 times.

@Dan H. I think a lot of that makes a lot of sense. I think at this point the costs are a bit too high for us just starting out but may consider in the future (if we stay in the state).

I will say, I work in politics at the City and rent control is very near in our future. Unfortunately there is political will and the public is calling for it. Hopefully it stays isolated within city boundaries....

@Brock VandenBerg Thanks. I'll check out those resources and see if there are any options.

Originally posted by @Brandon Raeburn:

Hi Jenna,

I wish you and your husband much success. I am a CRE Broker, RE Consultant and Licensed Contractor out of NYC. Please fill free to ask me any questions you may have about real estate investing, funding, contractors, property management, underwriting, business structuring and market analysis.

 Thanks Brandon.

Originally posted by @Dan H.:

I recommend all new RE investor invest local in part because of this issues you list.

You live in a market that historically has produced one of the best ROI in the nation but you are considering investing in the Midwest where there is minimal appreciation, is remote (need to build and manage a trusted team), has cash flow that typically reduce with time compared to inflation.

Compare to San Diego market that has a long history of both property and rent appreciation, that is local for you to have more control/oversight, has historically increasing cash flow.

We invested out of state (still have a single OOS SFR) and it did not produce the ROI like our local RE investments. There was some bad luck involved otherwise we may still own the other 2 units but the OOS units we sold took more of our time, even though we used a PM (again some of it was the bad luck but ...), then any of our local units.

Good luck

 Thanks for the insight, Dan. My concerns with the local market are:

- That I believe there is not much more room to climb and buying at the top of the market is never a good thing.

- Rent control is being strongly considered in the City and the State.

- Initial costs are very high, even in places like Oceanside or La Mesa. 

- Labor costs are significantly higher here for renos.

Would love to hear your thoughts on these concerns.

Hi everyone,

I am new to Bigger Pockets - thanks for having me! My husband and I live in San Diego and have been interested in investing for many years, and I have spent the last several months learning all I can about buy-and-hold real estate and we are ready to dive in. Currently we are considering single or multi family properties in the Indianapolis or Cincinnati areas but would love any and all information you have on other markets we should take a closer look at. We are also very interested in anything near a military base.

My main concerns are:

- Managing a renovation remotely

- Incorrectly evaluating a deal

- Finding contractors and property managers I can trust

Would love to connect with any of you who are either in the same boat or have experience/guidance/advice in these areas.

Thanks so much, looking forward to learning all I can!

Jenna

Post: Indianapolis and Cincinnati Realtors

Jenna HarrisPosted
  • San Diego, CA
  • Posts 32
  • Votes 11
Originally posted by @Jason D.:
I've bought from, and also sold using Micah Preston from executive realty in northern Kentucky and Cincinnati. He is also an investor and knows what investors look for.

 Thanks Jason!

Post: Indianapolis and Cincinnati Realtors

Jenna HarrisPosted
  • San Diego, CA
  • Posts 32
  • Votes 11
Originally posted by @Robert Ellis:
Originally posted by @Jenna Harris:

Hello everyone,

I am new to the Bigger Pockets forums and new to investing. I am currently researching Indianapolis, IN and Cincinnati, OH for potential markets to start in and would love to connect with an investor-minded realtor. I have spoken with a couple realtors, and while they have great reviews, they do not understand the needs of an investor, so I thought I should look here. 

I'd love to connect with anyone who knows a realtor in these markets, or has any insight/advice/experience in these markets. I'm eager to learn and love to network. 

Thanks, looking forward to connecting with you all soon!

- Jenna

 We are helping a lot of our investors acquire more property in the Cincinnati area.  There are some great cash flow and long term buy and hold opportunities in many parts of Ohio but we see the best places as Columbus and Cincinnati at the moment.  

 Thanks Robert, I'll send you an email so we can discuss!

Post: Indianapolis and Cincinnati Realtors

Jenna HarrisPosted
  • San Diego, CA
  • Posts 32
  • Votes 11

Hello everyone,

I am new to the Bigger Pockets forums and new to investing. I am currently researching Indianapolis, IN and Cincinnati, OH for potential markets to start in and would love to connect with an investor-minded realtor. I have spoken with a couple realtors, and while they have great reviews, they do not understand the needs of an investor, so I thought I should look here. 

I'd love to connect with anyone who knows a realtor in these markets, or has any insight/advice/experience in these markets. I'm eager to learn and love to network. 

Thanks, looking forward to connecting with you all soon!

- Jenna