All Forum Posts by: Marc Rice

Hello-

Under contract for a BRRRR in South Linden and looking for a reliable contractor to bid a mid level job. Thanks for your recommendations!!!

I am interested in beginning my real estate investment journey in the state of Ohio.

It seems as if the market is primed for growth after speaking with others.

Are there any real estate agents here who work in Ohio? Pls connect with me if so.

Thanks.

Kislay Shah

Good morning!

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.

I have been learning these two markets are appreciating and have a good cashflow.


As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.

between these two markets, which ones are suggested?

also, I am exploring different funding options including HELOC, HEL, etc.

Given current rates are quite high and sticky, how do you recommend to utilize these funding options? Ideally, I would like to minimize the time window to pay off the loan which will be used in funding.

any kind of insights you could share will be greatly appreciated.

thank you!

Any suggestions on which city and state is good to buy a LTR property in 2024?

Hello everyone,

I have been looking to get into real estate for sometime and finally want to take the next step and secure my first property. Over the last few months I’ve been trying my best to learn as much as I can to gain knowledge in the business and help me make good decisions. 

My first issue is I live in a HCOL area (NY) and investing locally seems like numbers are not worth it. I’d have to spend big money on a downpayment and most properties won’t even cash flow enough to make it a good deal.  

I am now trying to learn as much as I can about investing out of state. I finished reading long distance real estate which was very helpful in showing that it is feasible to buy properties out of state. 

I have a good full time w2 job so coming up with a down payment is not an issue. I just am having issues feeling confident in an out of state market that I have no clue will be good. 

I’m looking for advice on what I should be doing to get where I need to be. So far I’ve read long distance real estate, rental property investing and abcs of real estate. I’m also reading forum posts and listening to the bigger pockets podcast when I can. 

My goal is to buy my first rental property this year, preferably a duplex and would like to get to a point where I feel confident to put my money down and make my first deal. I currently am not a homeowner so this would be my first property all together. 

Thank you for the help. 

Does anyone know any good CPA in the Dayton area?

Hi everyone, 

A bit of a unique situation. My dad invested in rental properties from 2008-2014 and made good rental income on them. Our city has now ballooned in value and no property is renting at 1% of price anymore (300k house is renting at 2k, 800k is now 3.5k). While not with my money, I have been working on the real estate business for my dad since I was 14. I've gone through eviction court proceedings, ran thousands of background/credit checks for application, made numerous leases, dealt with repairs and whole house renovations when a few tenants nearly destroyed properties, and worked with property management companies on the HOA units.

So I'm familiar with managing rentals (even remotely, as I still helped during college) and am hoping to get a good cash flow rather than appreciation. I'm 24, currently have about $200k saved up, and have talked with a mortgage lender but not finalized getting pre-approved. I'm looking to invest out-of-state for my first real estate investments and was hoping for some guidance on where? I have family invested in Cleveland but the declining population and snowy conditions makes me hesitant (lived in CA all life, no idea what repairs snow damage needs?)  

**Another aspect is that I am worried about investing my cash (currently in 5% HYSA) into real estate and then the market declines as interest rates are cut. 

Hello,

I am still working towards finding my first deal and find myself not confident enough to squeeze the trigger and make an offer. I am also investing out of state.

The following is an example:

Asking price: 135k

Comps: $185-210k

Location: OH, 43123

Description: 3 bedroom 2 bath 1530 sq-ft and a full basement. Property needs moderate rehab.

My questions.

1. How can I get the most accurate rehab cost before making an offer?

2. What steps should I be taking to ensure I am buying right?

3. Tips for investing out of state. Buy process and rehab process.

All feedback is appreciated!!

Hi. I live in New Jersey and looking to be an out of state investor looking for a good combination of cash flow and appreciation; I am considering either Cleveland or Columbus. Any feedback on either city is greatly appreciated!!!

Good morning BP,

Ive been digging in and looking for a multifamily in Columbus to start my REI journey. I was wondering about some issues to look out for in older home areas. A lot of the homes were built around 1900. I was wondering if anybody had some area specific issues to keep an eye for and what are the BIG problems to avoid. Such as settling or certain areas that flood often.