All Forum Posts by: Jimmy Lieu

Hello people of BiggerPockets,

I'm reaching out to the community to get some feedback from investors investing in the Columbus Ohio market. I'm potentially looking to invest in several SF 3 bd 2 ba properties in this market. Class and location not determined yet. I'm working out the numbers, but one number seems inconsistent which is rent. I'm not quite sure what the average is in this market. My thought process is to reach out to local agents and potential management companies to get a gauge, but on top of that I thought getting a gauge on what investors are actually changing would give me a boots on the ground feedback which has some weight to it.

On that note, for any investors investing in the Columbus Ohio market who are willing to be open, would you mind sharing with me on what you are charging for rent, property class, maybe the length of your lease and area? I would greatly appreciate it any details provided.

Also, for anyone thinking of providing advice which one can get via Google, please, it's not necessary. This is not a inquiry for how or where to invest, but simply me gauging the rent market.

I am looking forward to your responses, and thanks in advance!!!

Hello everyone, I'm excited to be joining the BiggerPockets community as a first-time buyer and investor! I'm CURRENTLY based in Atlanta and eager to begin my real estate investing journey looking for a House hacking opportunity in the Pittsburgh, Ohio or Atlanta Markets.

Goal: Live for free/Mitigate living expenses

Timeline: Within next 6 months (or ASAP)

Financing: FHA, 0% down, or open to Conventional if necessary

Cash on hand : around $20k (additional accessible if necessary)

Buy Box:

-Ideally Around 200k

-Duplex or more
-Ideally turnkey OR under ARV

-Emerging area

-near public service, attractions, schools, hospitals, or university

Currently Looking for

-financing preapproval (brokers)

-agent

-title officer

-general guidance

-ect

If anyone has any information or direction, please feel free to reach out and share your insights or advice on getting started in one of these market. Thank you for welcoming me to the BiggerPockets community, and I'm excited to be on this journey!

I am writing to seek some guidance as I embark on my journey into out-of-state investing. I am new to this exciting world and have been strongly considering the Ohio market, specifically focusing on multi-family properties in Cleveland, Akron, Cincinnati, and Dayton.

To ensure a successful venture into long-distance investing, I understand the importance of establishing a reliable and trustworthy team on the ground. Therefore, I am keen to create a solid core strategy that involves a realtor, contractor, property manager, and lender who can assist me in navigating the Ohio market effectively.

If any of you have had experience investing in these areas or have suggestions regarding professionals or companies that fit my criteria, I would greatly appreciate your insights. Recommendations for investor/realtors who specialize in multi-family properties, reliable contractors with experience in renovations, property managers who can efficiently handle day-to-day operations, and lenders who provide favorable terms for investors would be immensely helpful.

I believe in being well-prepared, and I am fortunate to have excellent credit and cash reserves to seize the right cash-generating opportunities. However, I recognize that knowledge and experience are equally vital in this endeavor, which is why I am reaching out to this wonderful community for advice and guidance.

If any of you have gone through similar experiences or have insights into the Ohio market or long-distance investing in general, I would be grateful to hear your stories and learn from your successes and challenges. Additionally, any tips or best practices you can share to help me build a robust long-distance investing strategy would be invaluable.

I am eager to take this exciting step and build a successful portfolio of multi-family properties in Ohio. With your support and collective wisdom, I believe I can overcome any obstacles and achieve my investment goals. Thank you in advance for your time, assistance, and valuable contributions.

Wishing you all continued success in your own investing endeavors!

Warm regards,

Rhaheem Blanden, MPA

We are a family of 5 with kids aged 1, 2, and 4. We are currently living in the San Diego area. We:

- want to start house hacking
- work 100% remote for our own businesses
- are looking to move about 1 year from now
- should have about $50,000 saved for a down payment

Which market would you choose in this situation?

We are having a hard time narrowing down our options. Would love somewhere like Maui, but it looks to be out of our budget! :D

We're not interested in areas we've already lived: Portland, Phoenix/Scottsdale, Southern California.

This is a duplicate post made accidentally. But I can't delete it. 

So I would love to invest by the end of this year/early 2024. The only problem is that South Florida's market is just too expensive to buy into right now especially as a first time homebuyer. So I'm kind of stuck in the process of, do I house hack? Do I take the risk of investing out of state where I can maybe get more for my money, or do I just keep waiting and save up for this market. Rental arbitrage has crossed my mind but I'm not sure this is the best route to go. I want to have equity and also rental arbitrage seems a bit risky. What do you think? If there is another thread similar to this, please let me know as I would hate to waste anyone's time. Thank you so much in advance.

Hi all! My name is Jarrad I am 23 years old and I currently live in Dallas, TX. I am new to the BP community and RE investing however despite this I have been doing my research in order to get into position to eventually become an investor. Although I currently live in Dallas, my eventual plan is to move to a Rust Belt city in order to get into the game. My ideal plan is to have roughly 40K saved up (with a partner) by the end of the year to the point where we can hopefully househack in the one of the following markets: Detroit, Cleveland, Columbus, and Toledo. Our strategy would be to live in the property until we have our legs underneath and then slowly expand into more properties in the area/region. I would love to build my network in these areas and hear any insight or tips of getting started. 

Heres to escaping the 9-5 grind!

Hi, I'm Giancarlo, and I am extremely passionate about REI. I am 21, freshly graduated, and living in Santa Monica with ~$30k saved up for this. Now I'm looking to invest OoS due to my limited funds, have been doing my due diligence, reading, etc but nearing the point of getting officially started. However, I am looking to gain experience in my local area. I am new to BP (unsure if I'm allowed to post this) but I am looking for a way to help people out on their projects while gaining experience and learning hands-on until I manage to find something of my own. Any suggestions/help would be greatly appreciated.

Thank you

I have been doing private lending in the Ohio area with a house flipper who is experienced, organized, and trustworthy.  I see little risk that he will run into significant difficulties with any of his flips.   I have been asking for 10% for the loans so far.  Recently, my bank has raised the interest rate it pays on savings accounts from 0.5% to 4%.

I am curious if this is signalling a significant change in the interest environment and if I should consider asking for more.  

Hello!

My name is Codey Wendel, and I am currently a Junior at The Ohio State University studying Marketing. My interest for real estate investing went through the roof when I stumbled across the BiggerPockets podcast a few months ago, and since have been trying to learn as much as I can. 

Currently, I have an internship and am saving up to get started after I graduate in about a year and half. My goal as of right now is to purchase a duplex or triplex using an FHA loan and house hack. I would love to get to know local investors and am excited to continue learning!