All Forum Posts by: Michael P.

Aren’t doctors busy enough why do you want the headache of some random house in some random city. Is it a romantic notion of getting rich in real estate investing.

7 Votes

Columbus, Ohio

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Amby Bhagtani:

Quote from @Remington Lyman:

Quote from @Muhammad Rehan:

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC

Like the fact that there property taxes are low, hence the rental comps vs expenses (mortgage + property taxes + hoa + insurance etc) are kind of breakeven or slight positive cash flow is possible. Assuming 7.5% mortgage rate.

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.

I am interested in investing in Columbus. I currently own approximately 100 residential properties and a few commercial properties here.

wow congrats Remington !! :)

Did you get into larger multifamilies

I have business partners who are exploring larger deals, so I expect that I will eventually be involved in them. I have the capital, experience, and connections to make it happen. Currently, the largest multi-unit property I own is a 24-unit. Most of my properties consist of 1-4 units, but I also have a few 6-24 unit properties.

I am personally more interested in pursuing additional commercial deals.

Time to go on a podcast and tell your story.

Haha, yeah, I'm trying to work on improving my social media presence. I'm pretty satisfied with my current wealth, so I don't feel like putting in the effort. I just bought my dream home, have a beautiful wife, and go out drinking 5 out of 7 days. I don't really want for much at this point. Social media does not come easy for me so I prefer to spend my time just finding more deals.

Start Lyman Co. Sounds better than reafco. Poach the top talent in the way out.

I am the principal broker of Reafco. Although my Realtor brand is The Lyman Group as a Broker, I primarily represent the Reafco brand. We don't actively seek talent from other brokerages and instead focus on training individuals from scratch. We have ~35 agents and they primarily come from OSU or right out of college.

Ok didn't realize you were broker just said realtor on the website.

1 Vote

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Amby Bhagtani:

Quote from @Remington Lyman:

Quote from @Muhammad Rehan:

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.

I am interested in investing in Columbus. I currently own approximately 100 residential properties and a few commercial properties here.

wow congrats Remington !! :)

Did you get into larger multifamilies

I am personally more interested in pursuing additional commercial deals.

Time to go on a podcast and tell your story.

Start Lyman Co. Sounds better than reafco. Poach the top talent in the way out.

1 Vote

Quote from @Remington Lyman:

Quote from @Michael P.:

Quote from @Amby Bhagtani:

Quote from @Remington Lyman:

Quote from @Muhammad Rehan:

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.

I am interested in investing in Columbus. I currently own approximately 100 residential properties and a few commercial properties here.

wow congrats Remington !! :)

Did you get into larger multifamilies

I am personally more interested in pursuing additional commercial deals.

Time to go on a podcast and tell your story.

1 Vote

Quote from @Amby Bhagtani:

Quote from @Remington Lyman:

Quote from @Muhammad Rehan:

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.

I am interested in investing in Columbus. I currently own approximately 100 residential properties and a few commercial properties here.

wow congrats Remington !! :)

Did you get into larger multifamilies

1 Vote

No longer a rule, just a ghost in the past, A relic of days when profits were vast.

Now we chase dreams in a world redefined, Where rules once golden are left far behind.

4 Votes

Atlanta, Georgia

Sounds like you could quit the stressful job now and finding a more relaxed job that pays 50k to make up the gap shouldn’t be that hard.

4 Votes

All Forum Posts by: Michael P.

Michael P. has started 29 posts and replied 1876 times.

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Post: Need advice regarding which areas to target for out of state investing

Post: Need advice regarding which areas to target for out of state investing

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