All Forum Posts by: Jimmy Lieu

Hi Everyone,

I’m seeking advice on how to get started in real estate investing with a decent amount of liquid funds available to deploy—roughly up to $750K.

Currently, I’m working in the corporate world but looking to transition into real estate as my next venture. My ultimate goal is to use this capital to generate enough cash flow to focus on real estate full-time. While I’m not in a rush, I aim to strategically invest and grow a portfolio over the next 3–5 years to make a smooth exit from the corporate grind, as reporting to an office daily has left me feeling burnt out.

What strategies would you recommend? Should I consider:

• Purchasing rental properties? (Best regions/areas for returns?)
• Flipping homes?
• Acquiring pre-existing rental portfolios?
• Investing in mobile home parks?
• Using leverage to scale, such as borrowing against this cash for larger down payments?
• Employing the BRRRR ?
• Targeting Section 8 housing?

I’m open to ideas and keen to hear what approaches have worked well for others who’ve found success in real estate. Any tips, strategies, or insights would be greatly appreciated!

Thanks in advance to everyone who shares their thoughts.

Hi everyone,

 I’m a part of a real estate investment group. We are looking to invest in Cleveland, Ohio, Rochester, NY or Buffalo, NY. We are currently doing the researching and we would like to get input on the area.

Our kind of strategy is fix and flips. Which cities do you think are good for such a strategy?

We are currently looking for a single-family house 3 bedroom 2 ba with at list 1000SQF with an asking price up to 100K (all in - with some flexibility).

Which cities do you think are good to start?

Happy Thanksgiving, and Thanks in advance.

Hello,

I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create my LLC in? Should it be a parent LLC to other LLCs for each properties? Thank you for your help!
Guillaume

Hello!!

Long time lurker.  After many years of observing, I've finally got a house hack under contract.  What I found to be a solid 3 family in Troy, OH.  Had a home inspection done and found it needs some work (Roof will need to be replaced in the next few years, some of the electrical needs work, updating the 2 upstairs units, furnace replacement at some point, etc...).  

Will be moving to the area from Boston, MA.  I am very excited to finally be starting my house hacking journey.  Stressed with lots to figure out in terms of getting systems in place and making repairs with not much time to get everything done, but I'm confident in the deal.  

Would love to talk to anyone who is local to get a better feel for the area and have some folks to get advice from.  I've visited out there and thought it was a great little area (besides the train...) with a lot of potential.  

Also wondering if there are any Real Estate Meetups out that way?

Hello, my name is Clarence Harvey, i have made a few posts on the forum before. I did want to reach out and see if anyone knows of any investor meetups or fairs in the cleveland--cuyahoga area. I am looking to start my real estate journey within the next year and would love to network and create connections in order to further my journey.

I will be house-hacking my first property by age 26 (I am 24) and looking to scale up relatively quickly, but getting an understanding from a network of investors would be amazing. If anyone wants to connect please let me know. i am also looking to engage in investor meet ups! 

Getting ready to sell a multi-family property in Northeastern, Ohio the property has two units. Both buildings are two-story four-plex. There are 8 total rentals each are 2br/1ba. Covered parking for 8 vehicles. any thoughts on agent or non-agent?

Hi,

I'm into several markets where we wish BRRRR properties in Detroit MI, St Louis MO, Baltimore, MD and Columbus, OH. Primary Focus3bd 2 bth single family homes that are destressed, renovate, then rent to section 8 tenants. I'm looking for a team, an agent that with knowledge both on/off market deals/neighborhoods insight.....good GC, efficient and can accommodate multiple jobs and property manager with that is experience in section 8 housing.

Appreciate hearing from you.

How do you write a contract for deals when using OPM? Young investor looking to scale quick and own a lot of properties in the Columbus, OH. Let me know your thoughts.

Thanks!

@Jimmy Lieu fine analysis on the numbers - except your 5% maintenance & vacancy.

Vacancy: you didn't cover DOM and the fact that they are increasing. Up nationally 39% in last two years.

Maintenance: 10% is better

You also didn't cover Property Class!
- This is directly correlated with Tenant Class - which correlates to Tenant Performance!

In our opinion & experience, only Class A Properties/Tenants should have a 5% Vacancy + Tenant Nonperformance factor.

Class B: 10%

Class C: 20%

You also didn't look at any of the available rental pics online to compare the subject to the competition. Fit & finishes impact market rent!

Keep up the good work, but try to cover more of the above:)