All Forum Posts by: Jimmy Lieu

 Best time to buy real estate was yesterday! Time in the market always beats timing the market - if the #s work, just buy

Hey Nick, I would recommend Columbus Ohio or anywhere in the midwest. Tons of reasons on why you should - the rent to price ratio is still reasonable and tons of 1% deals remaining here. In Columbus, you'll get a great mix of appreciation and cash flow still. Literally few weeks ago, I helped a client close a 20% cash on cash return deal so yes, there's still tons of deals here. In addition, there's a lot of catalysts for job and population growth incoming here with Nationwide, Amazon, Intel, Honda, etc. I can keep going lol! As a local investor and agent here, let me know if you have any questions

Hi Ohad, I'm a local investor and agent here in Columbus Ohio and own my own successful rental portfolio of brrrrs and flips - I've done quite a few renovations already so I'd be happy to recommend over GCs and contractors you may need! Also, I manage a Columbus Ohio real estate investors group where we share our referrals and contractor recommendations - would be happy to connect!

Hey Greg, I manage a Columbus Ohio real estate investors facebook group that has over 1,400 members and we discuss everything from off market real estate deals, contractor referrals and recommendations, etc. would be happy to connect!

 Hey Sarah, I definitely recommend Columbus Ohio - a ton of different hospitals here. As a local investor and agent here, I work with a lot of investor clients that are killing it in the MTR game by renting to travel nurses through furnished finder. I definitely recommend! Let me know if you have any questions

Hey Casey, as a local investor and agent here in Columbus Ohio and have a lot of experience working with a lot of out of state and out of country investors, I would love to answer your question!

First, I would look for an investor friendly agent here in Columbus Ohio - someone you feel like you can trust and have your best interests at heart, not looking for just another paycheck.

Second, I would use that agent's network of lenders to get a pre-approval from. I would get pre-approvals from a few different lenders as they are all different and if you get multiple pre-approvals in the same 30-day window, your credit score won't get dinged.

Third, after you have the pre-approval, you are able to start submitting offers. You should work with an agent on your specific criterias, what deal #s you need to see, net cash flow, etc and whenever a deal #s look good, tell the agent you're interested he will go take a video walkthrough of the property and should make you an estimated renovation budget and provide all the needed information

Fourth, work with the agent to write up that offer and boom!

If you have any questions or want to connect, feel free, would love to help.

PS: You don't need to create an LLC in advance until you have a property under contract - it is possible to add that in as a contingency and give you enough days for closing for you to make that LLC and have everything ready

Oh dang I never even thought about that! This is why I love seller financing - literally everything is so flexible. Or another way I have seen seller finance deals structured is that the buyer gives a higher asking price but makes only principal payments at $X. So many ways to structure these type of deals!

 For my buyer, I got him 4% interest rate/30 year amortized, 25% down, 5 year balloon

Agreed, only time will tell if the 5 year balloon was a good option or not, but I feel like there definitely should be a dip in interest rates incoming soon, I've heard a few of people say they're already seeing some 5s for commercial loans!