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All Forum Posts by: Jimmy Lieu

Jimmy Lieu has started 85 posts and replied 1717 times.

Post: I am here!

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Jinming He:

Hi everyone,

I am from the bay area and I am trying to figure out how to invest in mid west for cash flow, since bay area is way too expensive. Look forward to connecting with you!

Hi Jinming! Yes, in the bay area, you can't find anything less than $800k! I'm originally from Portland, Oregon so I totally understand, which is why I moved to Columbus Ohio around 5 years ago to start investing in real estate here! Columbus Ohio is one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here. I would recommend taking a look into 26B Intel headquarter development, Amazon, FB, Microsoft, LG, Google, Anduril, Nationwide, Ohio State University, and many other companies here! Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule. Recently one of my clients purchased a $120k single family house and is currently renting it out for $1550/mo. Anything you buy in the Columbus Ohio market is currently blow up in terms of appreciation growth so it's one of those markets you want to hold the real estate for the rest of your life. Happy to connect and answer any questions you have

Post: REI Location Pros and cons

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Shaun Ortiz:

If you could invest in any market across the country, where would it be and why? I’m always curious about the factors that make people decide on specific markets.

If I can invest in any market in the US, it would 100% be Columbus Ohio - it's the sillicon valley of the Midwest, it's the Austin TX before it blew up, and it's one of the hottest and fastest growing real estate markets in the US (check any list and it's always top 10). 

Columbus is a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price. It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have.

Post: Rent per square foot???

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Andrew K.:

This might be common knowledge but is there an average rent per square foot for single family that I could assume for quick estimates while looking for deals? Example 3-2 single family 1450 square feet. Is it $1/foot? $1.50/foot?  I'm in Ohio so I know LA and NYC would be way different. 

Hi Andrew, rent per sq ft isn't really a thing or something you should ever use to rely on - I would definitely recommend checking rentometer or zillow for rent comps instead. There's so many variables like neighborhood, sq ft, finishes, etc. - it's not all about sq ft

Post: Any recommendations for a great mortgage broker in Cincinnati?

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Elan Adler:

Hey all! Sorry this isn't a detailed post, but I'm looking for a recommendation for a rockstar lender in Cincinnati. I currently own a few properties in the Southeast, but I'm looking to buy my first property in Cincinnati. I'm interested in 1–4 unit properties under $500K. I can put down a large down payment and am looking for a Conventional or DSCR loan.

Hi Elan, I have an AMAZING conventional and DSCR lender who provides the absolutely lowest rates and fees (I'm an investor myself and have gotten quotes from probably 100+ lenders at this point for my own rental properties). Happy to make the connection!

Post: Locations for Real Estate investing ideas

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Priscilla C.:

Hello fellow Brrrr investors wondering if you have any recommendations for where we should invest in using the Brrrr strategy as a new investor?We are located in Joliet Illinois and looking for properties in state or out of state.Want to hear your input on where we might find affordable properties I can buy with cash that are on the path to progress.

Hi Priscilla, you can still successfully BRRRR in Columbus Ohio! One of my clients just completed a clean BRRRR with a 3/2 single family house - $185k purchase price, $25k rehab, and $264k ARV. I definitely recommend looking at Columbus Ohio! It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price. It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have.

Post: Hey Everyone new rookie coming thru

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Jose Ferreiras:

Hi all my name is Jose I live in Queens NY and I've been following BP for a few years now but just now came around now to join the BP forum. I am a beginner investor with a not much experience but looking to learn.  I invest in the neighboring state of New Jersey and have 2 properties with a total of 4 units between the 2 and I am looking to scale. I came to a bit of a roadblock since I have been finding it a bit difficult to scale. My wife and I started investing in 2019 while growing our family at the same time. Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family. I know there are creative ways to scale since I have been listening to the BP podcasts so here I am ready to learn and ready to be part of this great community.

Thanks for having me.

Jose Ferreiras

Hi Jose, if you're having difficulty scaling in New Jersey, it's likely because the price point is really high. I would recommend looking into out of state investing in a much more affordable city like Columbus Ohio! The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here. For example Intel headquarters, Google, FB, Amazon, Nationwide, Honda, Microsoft, LG (recently Anduril announced another 4k jobs to Columbus). Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential. Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k! Happy to connect and answer any questions you have!

Post: Excited to grow together and share skills/wisdom

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Paul Graves:

Hey everyone,

I’m a realtor and small business owner (senior home health agency) in Columbus with a strong background in cold calling and prospecting (tens of thousands of calls, maybe more lol). I have all 5 star reviews and am extremely detail oriented with my properties  

To be frank I've been grinding for a long time, but not building wealth and legacy for my family. I spent like a dummy and lived commission to commission. I've always wanted to get into the asset and growth game, but don't know where to start. 

I and am looking to grow my network with other like-minded investors and hard workers and professionals who are focused on building both character and wealth. While I enjoy the hustle of real estate sales, my true goal is building a legacy for my family and helping others do the same.

Win-win is the goal!

If you’re interested in sharing wisdom, exploring opportunities, or just connecting over growth and strategy, feel free to reach out. I’d love to learn from you and see how we can support each other’s success.

Looking forward to connecting!

Paul Graves

Real Estate Agent | Open and Learninf Investor and Deal-Maker

Welcome to BiggerPockets! I work with a lot of investors in the Columbus Ohio market so happy to connect and help in any way possible!

Post: Looking to help you grow so I can learn

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Paul Graves:

Hey everyone, 

I’m a realtor and small business owner (senior home health agency) in Columbus with a strong background in cold calling and prospecting (tens of thousands of calls, maybe more lol). I have all 5 star reviews and am extremely detail oriented with my properties  

To be frank I've been grinding for a long time, but not building wealth and legacy for my family. I spent like a dummy and lived commission to commission. I've always wanted to get into the asset and growth game, but don't know where to start. As an aside I have expertise in senior care which is pretty cool and makes me interested in 55+ housing there is such a need for socialized group living. Not even assisted living just shared housing for seniors who are simply lonely.  I digress...

I and am looking to grow my network with other like-minded investors and hard workers and professionals who are focused on building both character and wealth. While I enjoy the hustle of real estate sales, my true goal is building a legacy for my family and helping others do the same.

Win-win is the goal!

If you’re interested in sharing wisdom, exploring opportunities, or just connecting over growth and strategy, feel free to reach out. I’d love to learn from you and see how we can support each other’s success.

Looking forward to connecting!

Paul Graves

Welcome Paul to BiggerPockets! I'm based in Columbus Ohio as well! I work with a lot of investors so happy to connect and answer any questions you may have!

Post: Here's Why Columbus Ohio Is The BEST Real Estate Market For Investors!

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432

Discover why out-of-state investors are FLOCKING to Columbus, Ohio for their next rental property investment! In this video, I break down exactly why Columbus is becoming the "Silicon Valley of the Midwest" and why smart investors are getting in NOW before prices explode.

As a local Columbus real estate agent who's closed over $20 million in investment deals, I reveal:

✅ The EXPLOSIVE population growth making Columbus a top 10 fastest-growing city in America

✅ Major employers moving to Columbus (Intel's $26B project, Amazon, Google, Facebook)

✅ How Columbus properties are appreciating 7-12% ANNUALLY (beating the S&P 500!)

✅ Real deals hitting the 1% rule ($120K houses renting for $1,550/month with Section 8)

✅ Why Columbus is incredibly LANDLORD-FRIENDLY (45-day evictions vs. 12+ months elsewhere)

#RealEstateInvesting #BuyAndHold #RentalProperties #PassiveIncome #RealEstateBeginners #CashFlow #FinancialFreedom #investmentproperties

Related Tags -

- BRRRR

- Buy and hold

- Flip

- Short Term Rental

- Mid Term Rental

- STR / MTR

- Out of state investing

- OOS investing

- Real Estate Education

- Real Estate Consulting

- Property Analysis

- Buyer Agent & Brokerage Representation

- Seller Agent & Brokerage Representation

- FSBO Property Sales & Marketing

- Property Management

- General Contracting

- New Construction

- Investor Financing

- Lender Financing

- Seller Financing

- Title Work

- Property Insurance

- Section 8 Consulting

Hit me up to talk or network about investing in the following markets!

- Cleveland, Ohio

- Columbus, Ohio

- Akron, Ohio

- Canton, Ohio

- Cincinnati, Ohio

- Dayton, Ohio

Post: Looking for Market Recommendations: Income-Producing Duplex or Triplex Investment

Jimmy Lieu
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,776
  • Votes 1,432
Quote from @Dominic Petoral:

Hey BP community,

My partner and I have raised $25K in total capital for a down payment and are looking for an income-producing multifamily unit (duplex/triplex). We’d like to put 20-25% down, which means we are targeting properties in the $100K-$125K range. Our goal is to find a property in a stable, tenant-friendly market with minimal renovations needed, preferably one that already has tenants in place.

We are aiming for a cap rate of 8-10% and want to invest in an area where tenants are reliable, and the neighborhood is safe. We have been researching Binghamton, NY, but we have been noticing that it has an older tenant base and isn't experiencing much growth.

Does anyone have recommendations for markets that fit these criteria? Ideally, we're looking for:

-Affordable multifamily units (~$100K-$125K)

- Decent cap rates (8-10%)

- Stable rental demand with reliable tenants

- A safe neighborhood

- Limited renovations required

Any insights on secondary or tertiary markets that have these qualities? Would love to hear from anyone with experience investing in similar deals. Thanks in advance for your advice!

Definitely Cleveland Ohio! That will meet your price point and your cap rates