All Forum Posts by: Joe Rios

Hi @Joe Rios, I'm based in Southern California, but I have started my out of state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

 The thing they don't tell you is they really aren't interested in you in the beginning. You really need to have some experience before anyone will seriously look at you. I guess you and I just will just have to get our time in. Nobody cares about the little guy. Lol! Well good luck!

My strategy for single family is to make an offer at the number that works for on MLS property. That's it. Call the agents directly and make a verbal offer. They will say no a lot more than yes, but you just need one at a time. I just had a seller accept 92k for a property yesterday. They wouldn't take less than 115k 14 days ago. You CAN find motivated sellers on the MLS. Just keep prodding the agent weekly. The importance of off market "deals" is exaggerated. Mostly I see agents blast the listing to everyone they know as "off-market" like you're getting a deal. The only reason its not on the MLS is because it can't sell FHA. Make your own deals with what you have.

Multifamily is almost exclusively done off the MLS in my market. Short of the junk no one wants to buy.

That is great! Cold calling can be difficult especially to hear no all the time but if you are good at it that is a great quality to have. There are public list services like prop stream available. 

There is the saying "patience is a virtue." I know it can be hard to wait though. Just keep running those numbers. 

 I was born and grew up in Meriden, CT! I moved to Columbus, Ohio in 2012 and started buying real estate after I graduated in 2017

I have found some great deals on the MLS, it takes patience to wait for them and then when you find one acting fast! I have found the majority of my deals from cold calling. I also have found a few from networking events. I think the more you put yourself out there the more things will come. Be patient and consistent.

@Joe Rios look up Mauricio Rauld and watch his content (or just call his company) - he is the syndication attorney.

https://m.youtube.com/channel/UCnPedp0WHxpIUWLTVhNN2kQ