All Forum Posts by: Jielu Zhao

Hi Bigger Pockets community,

I am rehabbing a house that I wanted to hold for rental. I came to know the lease to own strategy and found its interesting. My question is, if I found a tenant who eventually bought the house after a few years, will it qualify for 1031 exchange?

Thank you!

 John,

Thank you for your message.

Currently I am looking at properties in the north, mostly in Warren, Butler and Washington counties.

I will keep an eye on the areas you mentioned.

J

 Andrew,

Thank you! That's a great article. I learned a lot from reading it!

Now it makes more sense why the properties that I looked did not meet the 2% rule. 

Thanks again,

J

Hi,

I am a new part-time investor in the Greater Cincinnati OH area. My goal is to achieve 100000 annual cash flow within 7 years. 

I have a few questions for the more experienced investors here.

I am working with an agent to shop for my first rental property. However I find it difficult to get a property to meet the 2% rule. I wonder if 2% is possible in Cincinnati area.

Also I am debating on the type of rental properties I should acquire to begin with, single family or multi family.

To achieve my goal I am not sure if I should go for the pricier properties in wealthy neighborhoods or the cheaper ones in the less wealthy areas.

BTW, I have some cash and my current salary should allow me to get a traditional loan of at least 300k.

Thank you!

Jay