All Forum Posts by: Jimmy Lieu

Im newbie in real estate investing. I’m living in Bay Area where finding deals that generate cashflow is impossible. Any advice where to invest?

I'm looking for someone to manage my SFH rental in the North Linden neighborhood of Columbus, Ohio. Please let me know if you have any recommendations for someone who is hard working and a great communicator. Thank you!

I am closing on my first short term rental property in Columbus Ohio. Does anyone have any good recommendations/referrals for some stellar handyman or cleaning companies? Thanks so much in advance. 

Good day-

I am looking for a few contractor quotes on a full gut job.

Can anybody recommend someone they have worked with? Looking to get a few quotes.

Thank you in advance!

Request advice from anyone who is either a lawyer in Ohio or is knowledgeable and experienced with Ohio rental laws.

I have prospective tenants who signed a lease on 31st of October and paid security deposit same day. Lease started 1st of November. Their intention was to take possession of the property by end of this week. They've had "issues" doing ACH verifications on Hemlane and haven't been following directions. They haven't paid first months rent which was due today. I gave them time to figure out their ACH verification problems and even gave them a choice to make a payment in another way or through another platform. They have been very difficult to deal with past week. They haven't responded to my messages or calls in over 24 hours. Their intent was to take possession of the property by end of this week presumably the 8th which is tomorrow. They never gave me an exact date. I sent them a text with an informal notice that if I don't hear back from them about the changes in their arrival plans and don't receive the first months rent by tomorrow I will presume they no longer plan on taking possession of the property at which point I will make a formal legal notice. Now my question is once I give them the 3 days formal eviction notice for not taking possession of the property or paying first months rent am I allowed to keep their security deposit? Is 3 days enough for a notice? At which point am I legally allowed to relist the property for rent again? I am a first time property manager on my own and I have a lot to learn. I need help from whomever I can get before I pay a lawyer. Thank you in advance.

Hi BP, 

I am looking to invest in small multifamily rentals in the Columbus and Dayton area. Since I am focusing on cash flow I want to target B or C+ neighborhoods. Can you please provide some areas where look for properties? and some areas to avoid ?

Hello all,

My wife and I are a first time RE investor and have narrowed down to Columbus as our target market. Since we are out of state, we have to lean on a lot of information from y'all! Thanks to everyone here for providing so much knowledge and tips, learning a lot on BP!

Currently we are looking into a couple of properties in Zip code 43206 and wondering if you can share inputs about the area from the point of view of safety, tenant pool & growth/appreciation.

I'm looking to purchase an 8 unit property.  The owner is asking 600k but I'm not sure his valuation is accurate. The property consists of two 3 unit and one 2 unit buildings.  All units are 2 bed 1 bath, single story with off street parking.  He is currently getting $550/month for each unit.  I believe that when determining value in commercial real estate part is based on current rent.  If I'm wrong I'm sure someone will correct me.  If someone can explain or point me in a direction that could help with that that would be great!

I am a beginner looking for any advice on buying my first multi-family unit.  I would like to buy and hold for 5 years or so and possibly refi to buy another one in a couple years.  I have about 450k and looking to get my feet wet and would love it for any advice on good markets to jump into.  I live in California but do not want to invest here.  I have been looking at Cleveland and Lubbock but other than that I am just trying to figure it all out.  I need help on how to analyze specific localities.  Are there any resources for researching demographics of a specific area that would help?

I guess I need help determining how to locate properties to be able to crunch the numbers. I have been looking on loopnet but it seems like that is not the best spot to find good deals. Any help on how to figure out a local CAP rates for a specific area would be helpful.

I would also like to ask if there are different questions I should be asking to understand different markets as a first time investor in a market where I do not live or are not familiar with.  

I might be interested in a good recommendation for a partner as well.  I am good at crunching numbers and also bring some capital to the table.  I also have a LTR single family home with positive cash flow.  I am just looking to getting my foot in the door with a multi-family so I have some experience.

Thanks in advance!

Hi everyone,

I am high income earner making more than 500k per year with my W2 job, 40hour week.  I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my W2 income. What's best strategy in 2024 or 2025? Open to out of state investing, non real estate etc? I am somewhat limited with time but have right mindset. Thanks in advance.