All Forum Posts by: Jimmy Lieu

Quote from @Min Zhang:

Investment Info:

Single-family residence fix & flip investment in Columbus.

Purchase price: $62,000
Cash invested: $60,000

Project in progress: Off market deal
Purchase: $62,000
Rehab: $60,000
ARV: $165,000

What made you interested in investing in this type of deal?

It's the only that I can affordable

How did you find this deal and how did you negotiate it?

Through a wholesaler

How did you finance this deal?

hard money

How did you add value to the deal?

It's almost a full gut. I expanded the kitchen and updated the bathroom

What was the outcome?

I end up spending 20k more than I expected. Initially the numbers were 40k for rehab cost

Lessons learned? Challenges?

Pipe leaked after closing. Didn't do an inspection on the sewer. That cost us 3k to fix

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I bought it with my mentor and partner who has experience in renovation and hard money financing

Congrats!

Hi Doug! You can check with your local title company and they can help with getting you more info on liens. Happy to refer you to mine!

Hi Lucas, if you're looking for max purchase price of $120k, I will say Cleveland and Dayton are great markets. If you're open to $120-180k, I would recommend looking into Columbus Ohio as it does have much better growth and appreciation potential than Cleveland and Dayton. 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, (recently Anduril announced another 4,000 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! Happy to connect and answer any questions you have!

Hi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well). I will let you know LTR property managers typically charge 8-10%. MTRs typically charge 15-20%. STRs can range from 20-40%. I have some great PM recommendations if you need!

Are you struggling to decide between flipping houses or building a rental portfolio in Columbus, Ohio? As a local real estate expert, I'm breaking down the key differences between these investment strategies to help you make the right choice for YOUR investing journey! 🏠

In this in-depth guide, you'll discover:

✅ Why rentals offer lower risk and steady monthly cash flow

✅ The true renovation costs for rentals vs for flips

✅ Location requirements for each strategy

✅ How economic conditions and interest rates affect both investments

✅ Tips for managing contractors vs property managers

✅ Hidden costs and material quality differences between flips and rentals

Whether you're a beginner real estate investor in Columbus or looking to expand your portfolio, this video will help you understand which strategy aligns with your goals, risk tolerance, and available resources.

🎯 FREE CONSULTATION:

Looking to invest in Columbus real estate? I help investors find profitable buy & hold properties, BRRRR deals, flips, and short-term rentals in the Columbus market. Let's connect!

#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

Emailed

 Just emailed you

Thanks Josh!