All Forum Posts by: Joshua Filkill

I am a management consultant based out of the Chicago looking to begin my real estate investment journey. I have saved up some capital that I would like to deploy over the next couple years in a few properties. BP podcast has been a great place to get my bearings but still very new to this and looking to connect with folks either in a similar place in their REI journey for comeraderie or more seasoned folks willing to part some advice/mentorship in the Midwest in both local and out of state investing. Contacts for good real estate agents, property managers, loan officers, real estate lawyer, real estate tax professional would also be much appreciated. Ideally I would like to partner with someone on my first deal where I can supply the capital and learn how to be an operator in this space through hands on work through the life cycle of the deal. Thanks bp and community in advance for all the value you guys provide.

Katy.

I can provide good contacts for all of those in the Columbus and Cleveland markets.

2 Votes

@Jaime Bott Would love to connect!

3 Votes

Columbus, Ohio

@Christine Rebamonte I recommend taking a look at the larger Ohio markets. Cincinnati and Cleveland are good for cash flow while Columbus can give a combo of appreciation/cash flow. Rents have also risen a ton in Columbus and Cleveland: https://www.biggerpockets.com/...

2 Votes

San Diego, California

@Dylan Mabin For a house hack I recommend using a low down payment loan and using the rest of your money elsewhere. Just make sure the numbers work for when you decide to move out. Check around if you qualify for other low down payment loan types, don't just be set on FHA.

0 Votes

Cleveland, Ohio

Quote from @Matt Cruz:

Hi,

I'm looking for some career advice after I was recently affected by the tech layoffs and lost a 6 figure salary. I have a degree in Information Systems from a great university and don't doubt I could find another job, although I have other career paths I'm interested in exploring such as Real Estate and Fitness. I don't know exactly what to ask here, but I'm wondering if I sound crazy for not wanting to jump right back into tech where I could have a solid W-2 which I know is important given I was aiming to get my first house hack started this fall. I'm considering getting my real estate license and exploring any data driven or tech related roles I could find. Any advice for what that might look like or if my line of thinking makes sense? Thanks in advance!

-Matt

I was also impacted by the tech layoffs and immediately decided to jump into real estate. House hacking is a great idea, I bought my first one last year and lived rent free. Feel free to reach out if you have any questions

0 Votes

@Clarence Harvey I can send you a list of lenders we use that can help you

1 Vote

Cleveland, Ohio

@Linus Le The BP one's are good when starting out. If house hacking and needing to pay PMI make sure to include that in your calculation. You should also be able to find a post where people have shared their own Excel spreadsheet calculators.

As for STR and MTR you can check out AirDNA

0 Votes

Quote from @Vishal Amin:

Hello,

I am an out of state investor and I am about to close on my first duplex. I wanted pick your brains on property management. I am planning on managing the property myself. What do you suggest is the best practice to pursue? Any property management software you suggest?

Thank You,

Vishal

I use Innago and like it so far. It's free to use and good for a smaller amount of units. Once you scale you may want to pay for some features if you plan to manage on your own still.

0 Votes

Networking and education are huge at the begin. Read, listen to podcasts, attend local meetups and post everywhere about what you want to do. @Nathan Gesner mentioned some good things, make sure you're in a good place financially.

Looks like you're in Columbus, our company is actually hosting a meetup tonight: https://www.biggerpockets.com/...

2 Votes

Columbus, Ohio

@Thomas O'Donnell Along with Cincinnati you should take a look at Cleveland. Low entry price points and rising rents, 15.3% according to this article: https://www.biggerpockets.com/...

2 Votes

Cincinnati, Ohio

All Forum Posts by: Joshua Filkill

Joshua Filkill has started 11 posts and replied 134 times.

Post: New to REI based out of Chicago looking to invest locally and out of state.

Post: Small multi-family in Columbus OH

Post: Investing in: Cincinnati OH, Allentown or Scranton PA, Montgomery AL, South Bend IN

Post: Initial Investment on Multifamily

Post: Career Advice after Tech Layoffs

Post: FHA Programs in Ohio

Post: Software tools to use

Post: Best Property Management Software

Post: Looking to get started in real estate with Multifamily properties here

Post: Looking to Learn About the Cincinnati Market