All Forum Posts by: Marc Rice

@Bonnie Rhodes bought my first at 22, started in real estate when I was 21 helping investors

@Tyler Dix

It seems like a PM vendor issue more so than the PM. Per David Greene’s advice, I always recommend to get at least 3 quotes that break down timeline and cost and then choose from there.

PMs main role is to fix those big issues when they arise so I’d be a little concerned on their vendor reliability because you shouldn’t have to message them multiple times.

I would discuss with them how you can work together to make sure this doesn’t happen again. If it happens again I would then reconsider. AC techs are pretty slammed, especially down south so it’s not surprising that occurred.

@Alicia C.

Congrats on falling into real estate! Short term rentals are a great investment strategy in all types of markets. As the years pass you’ll continue to increase your equity on those 2 homes so you’ll eventually be able to tap into that equity to purchase more. Keep up the good work!

@Cesar Gomez

Single family loans start at 1% down with down payment assistance programs. You can get a multi family for as low as 3% down with many banks if you owner occupy.

@Chase Busick

Nice! Any strategy to implement being close to that air force base?

@Christine Sierra

“Do you have a business or do you have a job”. Treat it as a business so it doesn’t become a job.

@Nathan W.

BRRRR is a great strategy and Columbus is a great market. The BRRRR can be accomplished with single family and multi-family as well which makes it a great scalable strategy.

If you have any questions regarding finding property in Columbus, connecting with lenders, or property management feel free to reach out!

@Dezmin McCoy

To add, generally you don't want to quit claim the title into an LLC until about 12 months.

@Jayson Greenblatt

It's important to consider you're equity build up, as well as NOI when analyzing the rental property as an alternative investment to the stock market. It's very important to find a trustworthy turnkey company to work with who is going to rehab correctly and mitigate your capex.

@Michael Ch

Columbus, Ohio. It’s the only metro city in Ohio with a growing population and the continued development and job growth is fantastic. You’ll find strong cash flow, lower prices, and higher appreciation here.

You can find single/multi families in B-/C/C+ neighborhoods that are right around the 1% rule.

If you need any insight on the local market here happy to connect!