All Forum Posts by: Marc Rice

Hey! I have a pretty large capital ready to step into this game,

I am in big conflicts either choosing Ohio(Cincinnati/Dayton) or Texas(Houston) for BRRRR method,

I read a lot about Ohio, only positive stuff. But I am sure I can make it even in Texas. How big impact is that? For BRRRR, or flips in general.

Tlooking also to have sort of lifestyle and not living in cold 1/4 of the year with snow.


the question, is there is big differences between markets? 
should I consider heavily Ohio or you can make it pretty much any place, or Texas in general

Thanks!!!

I need advice on how to handle the transition my long-term rentals to a new property manager when my current one won't return calls, emails, or texts. 

After a year+ of unreliable management, I finally decided to switch to a new company. The current PM had delayed two months of rent payments with all kinds of excuses (that is when he did reply, which was rare). Per our signed agreement, I gave him 30 days notice of termination of his services via email and asked him to remit all outstanding payments and documentation (he hasn't delivered an owner's statement since June of '24) and assist with the transition to the new PM company.

He responded to one text a couple weeks ago when I asked for an update on the transition saying he hadn't received notice from me or heard from the new PM. The new PM has repeatedly tried to contact him with no response. He's also contacted the tenants with notice of management change, but they say they won't work with him without notice from the current PM to confirm it's legitimate. 

I only have the lease and contact info for one of my two properties. The PM never sent me the other, despite numerous promises to do so, so I don't know the name or contact info of that tenant. 

I'm an out-of-state owner. The properties are in Columbus, Ohio. 

The 30 days of notice ends on Feb 27. I need to get this existing company out of my life. 

Open to all suggestions.

I'm new to the whole scene. I have a lot of drive. I understand that nothing in life is free. I'm looking for somebody to correspond with. About my ideas and general questions. I'm willing to help this person in any way I can. Whether it be cleaning their properties or doing manual labor. I am an electrician. Or if the person is not in my area I am willing to compensate. Thank you to anybody who responds.

Hi there! As a first time investor looking to make the first purchase on a multifamily home in and around the city of Columbus, OH, within the next 2-3 months, I wanted to ensure I have all the information I need to be able to quickly and efficiently analyze and decide on a property worth investing into. Here are some hard numbers from my end:

• 40k — 60k down payment
• 6% minimum CAP rate
• Multifamily — 2 to 4 units
• Columbus, OH

Some of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.

I would be more than happy to schedule a call at your earliest convenience to discuss the details. Thanks again for your time!

 How do you guys say a place that has been losing population is a good market to invest in?  It is still not a desirable place to live.  Your appreciation will be inflation, which is real appreciation because of leverage.  But with so many markets that are growing and will continue to for reason that are obvious.  It makes no sense to me.   I am not saying you are wrong because I don't know the Cleveland market.   

Hey Everyone, just wanted to introduce myself, first time using bigger pockets, I am responsible for the wholesaling department in our company here in Columbus ohio and we assign around 15-20 deals a month! Looking forward to meet everyone here!

Hello, bigger pockets pros, 

We have a rental property in Columbus and we are looking for a contractor who can replace the existing basement window with a standard sized window. Is anyone you recommend ? Thank you so much!

Hey Biggerpockets community,

I'm an investor from Toronto, Ontario where SFRs are $1m, the landlord tenant board is a nightmare and cap rates are doing the limbo. I bought my first rental in London, ON in October 2019, and recently sold in August 2024. I'm looking for a market where I can park the proceeds from my previous property and create some cashflow. Cleveland, Ohio seems to be the place to be in terms of cap rates and distance from home. I have about 250k USD to allocate to this venture, but I may want to dip my toes into the market with a single-family residence in an area like Parma Heights and test the waters. My first property was chaotic with tenant troubles, so Ohio being a landlord-friendly state and Parma Heights being A-class location, I'm eager to get involved and experience the difference. As a cross-border investor, I'm likely going to need advice on entity structure to protect my liability while also not being double-taxed, I'm going to need to network with experienced investors/property managers/agents in the Cleveland area. Would love to hear the community's thoughts and meet some Clevelanders! 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $532,500
Cash invested: $106,500

I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.

I'm eyeing a property 65k for my first rental investment and I have 25% down payment. It is already generating 900/month with updated electrical and clean interior.