All Forum Posts by: Jimmy Lieu

Quote from @Kusum Chanrai:

Hi folks. 

I have been procrastinating. But I would finally like to start investing in long-term rentals. 

Does anyone have any excellent realtors they might recommend? We live in San Francisco, California. 

Separately, are there any Long-term rental markets that one might suggest for a mix of rental income and appreciation? 

Kusum. 

Hi Kusum, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Doug Fluckiger:

My wife and I own a couple of STRs and would like to get into the fix & flip game, but we need to start small. We're looking for a house ≤ $100k with an ARV of ≥$160k, off-market, mostly cosmetic rehab, B or better neighborhood. Can be older, # of BRs & BAs doesn't matter to us. We've been looking in the Midwest but are open to anywhere. Do you have suggestions for markets for this kind of deal?

Hi Doug, Columbus Ohio is a great market for a fix & flip, and you can definitely find amazing deals with your budget that will make a killing. As someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Jason Guyton:

I'm almost 50 and just woke up to the power of REI. Kicking myself for not learning about this 30 years ago. But here I am, and I have a decent pile of cash ($120K) and a pretty good 401K. So I'm in a great position to jump in on a few deals and get my money working for me. I just read Rich Dad Poor Dad, and it has me pumped up.

The deals are hard to come by in Southern California, at least from what my scant knowledge of the topic has shown me so far. So, I'm just looking for some good advice on the best approach for my first deal. I'm open to a flip, BRRR, or straight buy and hold. Single fam, duplex, triplex? Local, out of state? One big deal, or multiple small deals? I'm open to whatever.

Any advice is appreciated.  Thank you.

Hi Jason, it's never too late to start your REI journey! For your first real estate investment property, I recommend that you look into Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I've gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there's definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Robin Panzera:

Hi all. I'm an active investor and Realtor in the Columbus market. But I'm looking to possibly get into a STR property but am having a tough time finding lenders willing to fund. Anyone have any recommendations? TIA!

Hi Robin, I know some great lenders that would be willing to fund your STR property, and I would love to recommend them to you. As an investor and agent here in Columbus Ohio, let me know if you have any questions or want to connect!

Quote from @Sean Tenney:

New cash investor looking in a few markets and want to start putting together some local teams.  I'm in FL so will need some guidance, etc. with local laws, guidelines, and general knowledge.  Have a real estate attorney I use down here in FL but need boots on the ground in other areas.  Would love to network with some folks.

Hi Sean, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Zac Lindquist:

Hello Friends!

I have a triplex that is located in Columbus and I currently live in Portland, OR. I have owned the property for a year and am on my 2nd PM currently and am at the point where I think I need a 3rd. I am not receiving the communication I expect, reno costs seem inflated and I am just not happy with the overall experience, especially as of late. 

If anyone has a company or manages their own in this area I would like to chat. My property is located near Ohio State University if that helps as I have found out rentals are filled differently than it seems in other parts of the city that are not focused toward student housing.

Thanks for all tips!

Hi Kevin, I have worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you. As an investor and agent here in Columbus Ohio, let me know if you have any questions or want to connect!

Quote from @Abe Rouz:

Hi,

I currently have 150K and want to start investing in local markets, ideally midwest. I have looked into Ohio, Arkansas, Alabama. Im looking to connect with investors and agents whom transact with out of state investors. Buy box is single family, duplex, triplex, and quadplex, open to light cosmetic rehab, close to 1% rule in terms of rent. 

Lets connect!

Hi Abe, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Jeff Pantig:

Hello and greetings from San Ramon, CA!

My name is Jeff and this is my first post in Bigger Pockets. I work for my family exporting business in the Bay Area and I feel like REI is the ultimate way for passive income/wealth. I'm currently looking to buy and hold properties in Memphis, TN (signed on with someone already) trying to find a property that is turnkey or needs a little bit of renovating. I'm excited to put my first offer on the property, however, I'm not sure if I'm looking in the correct market. I'm looking for something that will cash flow for my first property @ $200/month, but it's a little bit difficult to do that at a +6-7% CoC return.

Am I in the right market? Does anybody have suggestions on what other markets are best for cash flow? Can I do REI in my own backyard in the Bay Area? How does the Tracy, Stockton, and Brentwood area sound?

Also are there Bay Area (Particularly East Bay, Tri-Valley Area) meet-ups? I would love to go to one and learn from someone who is experienced and meet new people. 

I know this post is all over the place and this is exactly how I feel and am getting overwhelmed. Haha

Hi Jeff, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Quote from @Jaeil Lee:

Hello All, 

I am a new investor in Columbus, OH. I am shopping for a single family home or possibly duplex now. I would like to build my team now. Any recommendations for a property manager? 

Hi Jaeil, I have worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you. As an investor and agent here in Columbus Ohio, let me know if you have any questions or want to connect!

Hi Robert, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just this month, I’ve gotten under contract for my clients for multiple 20%+ cash on cash rental properties so there’s definitely tons of opportunity here. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!