All Forum Posts by: Lee Yoder

Great info @Todd Dexheimer! Thanks for sharing. I totally agree with a lot of the points you've made about investing out of state. For me, the most important team member to find in order to get started is a broker that can bring you off market deals. Otherwise, you can build a team, but you won't ever get a deal for your team to operate. Especially in these markets you've listed. 

Congrats @Roshan Nambiyattil! I work with C4 Financial. They are a mortgage broker. Their fees are very reasonable. They are able to help you place debt on almost any property. 

I totally agree with others have said in this thread already. You are looking at two very different markets. If you're looking to get in at a good price and you're focused on cash-flow, I would buy in Cleveland. If you're looking for appreciation and want the security of investing in a market with very good population and employment trends, I would buy in Columbus. 

We're always working on how to quickly, simply, yet thoroughly explain how an apartment syndication works, and projected returns, to new investors. Thanks for this contribution @Rick Martin!

House-hack! Especially if you don't have kids yet. It takes so little capital to get started and you can work on the property while you live in it. It's even better if you can house-hack a 2, 3 or 4 unit instead of a SFR.

The only way I've been able to find good deals is move further outside the city. There is a little less competition. 

I think the notion that "inventory is so low" and thinking that this means there can't be a crash is really lacking. I can't quote numbers, but I'm pretty sure people were saying the exact same thing in 2005-2008. Inventory is low when demand is high. Demand is incredibly high right now because we've had decreasing interest rates for several years (just had a big drop in the spring of 2020) and everyone with assets feels rich because all asset prices are rising every day. The minute the music stops, suddenly the demand decreases. A decrease in demand means and increase in inventory.

Another thing that I think is leading to decreased inventory is the lack of foreclosures. And this isn't just due to the fact that home prices are increasing which increases equity and makes foreclosures less of a risk. This is due to mortgage forbearance and banks deciding not to foreclose for a time. I'm assuming this will end some day and we'll see somewhat of a surge in foreclosures which will help to decrease home prices. 

Great information @Tristam Griffith! Thanks for sharing!

@Daniela Andreevska, can you explain your "city-average cap rate?" Are you just saying the average cap rate in the city of Dayton is 4.1% or is there more to this number?

Hey @Jordan Huber, Vic Green Realty manages my small-mid apartment buildings in Dayton. I've been very happy with them. One negative is that they do not manage properties in Cincinnati. Feel free to reach out to me if you have more questions.