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All Forum Posts by: Remington Lyman

Remington Lyman has started 29 posts and replied 5276 times.

Post: Multifamily Investor | Relocating to Columbus | 2–3 Unit Buy & Hold Focus

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Daquan Long:

Multifamily investor currently based in Connecticut, relocating to Columbus in Fall 2025. I specialize in 2–3 unit buy-and-hold rentals with a focus on cash flow, value-add opportunities, and long-term wealth building. I currently own property in  CT and I’m planning to scale to 5+ doors in the Columbus market over the next few years. Always open to connecting with investor-friendly agents, lenders, or local partners focused on lean, ethical growth.


 I hail from Meriden, CT, and relocated to Columbus, Ohio, in 2012. Ohio offers excellent investment opportunities and is significantly more affordable than CT.

Post: Long Vacation Right After Purchasing Property

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Ben Bodart:

Hi All!

My wife and I hope to purchase a property in the Hocking Hills, Ohio region this year to operate as an AirBnB. We would self-manage remotely, and this will be our first rental property.

A major concern we have is that we will be in Europe for nearly 3 weeks later this year, where internet availability will be spotty at best. I’m trying to find what options are available to us to cover the management aspect while we are gone/unavailable?

Hiring a family member? A company that will manage short-term? Or is this a bigger issue than we think, and we should just hold off on purchasing a property until after our trip? Any tips/ideas/thoughts would be appreciated!


 There are a few management companies out there that would do everything for you. I would not manage remotely

Post: Business entity formation

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Victor N.:

Hello, 

I'm a first-time out-of-state investor. I live in Washington DC but set up an LLC already in Kansas because I was planning to buy properties in Kansas City. But after looking there for a while I think I might expand my search to other states.

Any advice on the best way to handle the business entity formation? I'm an individual investor and doing it alone at the moment. A lot of people set up entities in Wyoming it seems. Since I'm just starting out, I'd like to make sure I can do this right for the long run. Thanks!


I would advise against forming your LLC until you have a deal under contract. It won't take long to set up, and you could end up wasting money by establishing LLCs in various states. Also, ensure that you haven't filed for an EIN, as you will have to file returns in that state unless you close out the LLC.

Post: Flippers- mind sharing how you evaluate deals?

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Druce Asah:

Hey everyone,  flippers— I’d love to learn more about how you actually break down deals when they hit your inbox.

If you’ve got a few minutes and are down to share how you evaluate offers, what slows you down, or what tools you use (if any), I’d really appreciate it. I’m not selling anything.

Drop a comment or DM me if you're open to chatting!


 I will close the deal if I can secure a profit of forty thousand.

Post: New Member Introduction

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Prateek Bhargav:

Hi everyone! My name is Prateek. I’ve been working in healthcare for the past 10 years, and I came across BiggerPockets while reading Rental Property Investing by Brandon Turner. That book really shifted my mindset and got me excited about building financial freedom for myself and my family through real estate.

I'm especially interested in multifamily properties and the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). I've been diving into podcasts and learning as much as I can, and my goal is to purchase my first multifamily property or complete a BRRRR deal before the end of this year.

I’m excited to be part of this community and connect with others on the same journey!


 I advise against beginning with BRRRRs unless you have a partner who is highly experienced. This strategy is among the most challenging ways to invest. Instead, consider a buy-and-hold approach on a turnkey single-family home in a C location. While this option may not seem as exciting, it will provide you with the foundational elements for moving on to more complex investment strategies.

Post: New to investing

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Andrew Sangar:

Hey everyone, just turned 23 and want to get into real estate investing asap. I'm based in Chicago and want to start buying in Indiana where I currently have a Airbnb arbitrage unit(I pay rent). Feel free to  reach out - I'm always looking to learn and meet ppl!


 Welcome to the site!

Post: Looking to Learn — Will Work for Experience (Seriously)

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Jacob Cannon:

Hey everyone,

I currently co-own a rental property with my father, and we're managing it together. So far, it's been a great intro into real estate, but I want to level up and get more hands-on experience beyond what I'm doing now.

I’m aware of strategies like house hacking and have been learning as much as I can on my own, but what I’m really looking for is a chance to work with someone more experienced—ideally someone who’s active in the field and wouldn’t mind showing me the ropes.

I’m not even asking to make money. I’m more focused on learning and getting real-world experience. If anyone’s open to taking someone under their wing—whether it’s helping with flips, rentals, acquisitions, or property management—I’m eager, reliable, and willing to help however I can.

If this resonates with anyone or if you have advice on how to best go about this, I’d love to connect. Appreciate all of you who contribute to this community.

Thanks in advance!


 Numerous mastermind classes provide this service. If you're looking for credible options, they generally start at a few thousand dollars.

Post: Desiring to Grow into Multifamily - Seeking Experienced Investor/Mentor

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Breanna Green:

Hi Biggerpockets!

I'm seeking some advice/mentor. Before you scoff because that's what everyone wants (understandably) and I realize there's no such thing as a free lunch here's the BLUF:

I've invested in five single family/condo properties over the last decade. I'm very methodical and successful albeit this game is always a mix of skill and luck. I want a tenured professional to help me with my portfolio and analyze my next move. I'm desiring a multifamily, maybe a duplex or fourplex in San Diego, CA concentrating in Mission or Pacific Beach or a multifamily (5+ units) in the area or Scottsdale, AZ. I plan to sell my beach house for $1.4M give or take and complete a 1031 exchange, almost 100% equity in the property. (Too long to explain but it's a great property however it's an HOA with two people, myself and my neighbor split 50/50 and they have ignored my requests to provide official documentation on where the HOA funds of $300/month are spent and unless I can buy them out, which I tried unsuccessfully, they or whoever is next will constantly be a thorn in my side with this ridiculous "HOA" setup).

- Do I complete an all cash 1031 transaction for a smaller place like a duplex in Mission or Pacific Beach? 

- Fourplex with decent equity? Go for the 5+ unit complex and have a commercial loan? 

- Take out a HELOC in another property (paid off and worth ~$700k)?

- Basically what would you do and why? 

Uncertain about "putting all my eggs in one basket here" but I know some risk needs to be taken in order to grow. Looking for lessons learned here.

(More detailed questions for anyone interested: Do you have anyone I could connect with wrt commercial realtor, mentor - someone who has or had a multifamily, and/or excellent loan officer? Who have you used to purchase all your properties and due to potential numerous sales over the years did you receive any kickback or discount on commissions? I may look into obtaining my RE license and sell my $1.4M property could save me $50k+ just in the one transaction - better to network and get a deal with an agent or worth my time? I'm initially thinking Class B with room for improvements, how do I find a decent contractor? Who have you used for inspection, assuming a qualified structural engineer is someone to consider for a large property purchase? Potential pitfalls to avoid? Success stories?)

I'll be in SD end of May to scope out the neighborhood since I haven't lived there in years (visited many times and just purchased a 1/1 in Hillcrest in October 2024). Born and raised in Scottsdale, visit frequently, so know the market there as well but not multifamily options.

Thank you!!


 I wouldn't obtain your real estate license solely for the sake of saving on commissions. Unless your time has little value and you intend to keep practicing real estate sales in the state where your beach house is.

Post: COLUMBUS Ohio Economy CRASHES. Area agents turn to Uber Driving.

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551
Quote from @Michael P.:
Quote from @Remington Lyman:

@Michael P. Meta already has a data center here. My ULI mentor does this more cities other than Columbus will start to see developments like this. Ohio government was focused on Columbus for a while. Now that Columbus has the momentum he things the government will start to focus on other areas.  


 Bless you Governor Ramaswami


 I am more of a Dave Yost guy

Post: Repeat Homebuyer Porgrams

Remington Lyman
#2 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,572
  • Votes 6,551

Banks come out with these programs from time to time. You need to call all the local banks and ask if they have a CRA program that does this. If you were in Ohio I could help you but there should be the equivalent in CT.