All Forum Posts by: Jimmy Lieu

Quote from @Derek Fike:

Hey Everyone,

I currently live in Colorado and am looking to purchase real estate to eventually turn into a rental. What are your thoughts on good markets to be targeting (towns, cities, states, etc.). If you were looking to put little cash down and still generate CoC return, where would you be looking?

Thanks everyone!

+1 for Columbus Ohio, lots of cash flow and appreciation here still! I'm still seeing 1% deals everyday on the MLS that are generating positive cash flow. I really like Columbus especially because there's a lot of catalysts for job and population growth still.... Nationwide, Wexner Medical, Intel, Honda, Amazon, etc. are all moving jobs to Columbus. Plus, it's the only city in the rust belt where the population is still growing (unlike Cleveland). I was able to help one of my real estate clients close on a deal that gets them 26% cash on cash return just a few weeks ago too! As a local investor and agent, I'm more than happy to help answer any questions you have.

Quote from @Masood Amin:

Hello BP, 

Simple question. Which neighborhoods are trending right now for rental properties? Can you put some zip codes below? Thank you

Im from california but am open to any market

+1 for Columbus Ohio, lots of cash flow and appreciation here still! I'm still seeing 1% deals everyday on the MLS that are generating positive cash flow. I really like Columbus especially because there's a lot of catalysts for job and population growth still.... Nationwide, Wexner Medical, Intel, Honda, Amazon, etc. are all moving jobs to Columbus. Plus, it's the only city in the rust belt where the population is still growing (unlike Cleveland). I was able to help one of my real estate clients close on a deal that gets them 26% cash on cash return just a few weeks ago too! As a local investor and agent, I'm more than happy to help answer any questions you have.

Quote from @Misook Foley:

Quote from @Jimmy Lieu:

Quote from @Misook Foley:

I want to sell  a duplex. Can I do 1031 exchange to two single homes rather than a  duplex or more unit building?

Thank you

Hi Misook, yes you can 1031 exchange up to multiple properties. I've seen it happen with other investors I've worked with in the past. I'm a local investor and agent here in Columbus Ohio so I'd be happy to answer any questions you have or connect!

 Thank you

 Of course happy to help :)

Quote from @Misook Foley:

I want to sell  a duplex. Can I do 1031 exchange to two single homes rather than a  duplex or more unit building?

Thank you

Hi Misook, yes you can 1031 exchange up to multiple properties. I've seen it happen with other investors I've worked with in the past. I'm a local investor and agent here in Columbus Ohio so I'd be happy to answer any questions you have or connect!

Quote from @Naftoli Moseson:

Hello everyone

We are a group of investors who started our journey a year ago in the Ohio area

Mainly focusing on the Cleveland Akron area and the surrounding area in buying and renting for the long term

Looking for good brokers and wholesalers who can bring us the good deals

 Hi Nafton, I'm a local investor and agent here in Columbus Ohio and source a lot of offmarket deals for my clients, always happy to help or connect!

Quote from @Kenny Hanuska:

Good evening all, new to bigger pockets. Can't get enough of the podcasts and books. Plan to start investing in Single family homes. BRRR, flip. Or rental. Unsure if foreclosures or mls research is the best place to start running numbers and taking the action of making offers. I'm very handy and plan to do work myself for my first few acquisitions. But reasonable enough to know when it's time to hire that out.

Hey Kenny, I run my own successful rental portfolio and have a lot of experience working with a lot of investors so I can help answer your questions. I do not recommend buying from foreclosures because most foreclosures do not allow for you to do any walkthroughs or allow for contingencies. You have to buy site unseen so for a new investor, I would strongly advise against this as there is so many risks involved. I do recommend using the MLS because you're allowed for inspection contingencies and if someone lies or hides certain defects wrong with the property, you're able to come after them legally. As an experienced local investor and agent here, would be more than happy to answer any questions you have!

Quote from @Adam Cattell:

Hello - I am looking for an Attorney that would be available to write and/or review a contract for buying a small business. Seller finance is part of this process and we would like the legal advise. Thank you

Hey Adam, I helped one of my real estate clients close a seller finance deal a few weeks ago which is getting him over 20% cash on cash return on the deal so I have lots of experience when it comes to creative financing. Plus, I'm currently working with one of my other clients on closing a subject to deal right now. Both amazing rockstar deals! But I use an attorney on all of my creative finance deals and this attorney charges some of the best rates I've ever seen. I'd be more than happy to refer you over to him.

Quote from @Mike Cagganello:

Looking for local CPA in Columbus OH recommendations. thanks in advance. 

I have a real estate investor friendly CPA that I can send over. During the tax year, he sends over a list of different real estate deductions you can get (mortgage interest, depreciation, etc.) and he's one of the most wholesome and nicest people you'll meet. Happy to refer him to anyone whose interested

Quote from @John B.:

Whats the Main purpose and difference between them?

Main purpose is to use for finding owner leads for cold calling, sending mailers, driving for dollars, for buying distressed properties. I do like Propstreams better as it has a lot more capability when pulling lists versus DealMachine which is primarily for driving for dollars. So I'm definitely pro-propstreams

Quote from @ELI MER:

I am in search of a reliable CRM system that can efficiently host all my contacts, integrate with Google contacts, provide a robust phone system, and keep track of all my leads, network, and activities. I am curious to know what other people are currently using and recommend. Please share your suggestions and experiences! Thank you.

 Have heard a lot of good things about BoomTown, FollowUp boss, and WiseAgent