All Forum Posts by: Joshua Janus

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV if a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

Have you considered investing out of state?

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team

As for picking a specific market, I would choose one that has job and population growth with a high median income, and Columbus, Ohio is a great choice. It is a top five appreciating city in the US with an expanding job market, and large capital investments such as the $120 million building purchase by Qatar Bank in 2021. It is a great spot for airbnb and the demand can produce low vacancy rates.

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team

As for picking a specific market, I would choose one that has job and population growth with a high median income, and Columbus, Ohio is a great choice. It is a top five appreciating city in the US with an expanding job market, and large capital investments such as the $120 million building purchase by Qatar Bank in 2021. It is a great spot for airbnb and the demand can produce low vacancy rates.

I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV if a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

Call the owner of that fenced around property! That is definitely something that are you looking for. Well you would want an inspection before the purchase of the property to make sure nothing significant is wrong. It is more difficult to get a lot of information about a property when it is off market so you will be assuming more of the risk. 

Drive for deals, send out letters, cold call, cold text etc. Whatever you do just make sure you are consistent and do it on a daily basis. 

This is an awesome deal! What is the ARV after repairs? It's so cool that you found a deal cold calling and combined that with your resources as a realtor to get this deal done.

Since the house is paid off, you can take out a HELOC and use that capital to purchase an additional property to rent out or live in. It is probably a better idea to own multiple doors to mitigate and spread your risk out and lower your chances of a high vacancy rate. Do you know any investor friendly realtor's in your area? They will be helpful in this situation as they can run through the numbers with you specifically and see if your rowhome makes sense to rent out or liquidate.

@Michael Weis I would start to cold call and prospect owners for off market deals. That is where you are going to find properties that are <75% ARV with room for value add at the end of a BRRRR. You could either do the work or find an investor friendly realtor that puts in the daily grind to get off market properties with numbers that actually make sense.