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All Forum Posts by: Remington Lyman

Remington Lyman has started 29 posts and replied 5289 times.

Post: Columbus or Cincinnati for cash flow ?

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
Quote from @Tarek Belal:

Hi all! For those investing in OH, if you're primary goal is cash flow, looking at small multi-family, would you invest in Columbus or Cincinnati ? Pros / Cons of each ? I see both are started to get oversaturated with investors. Thank you!


I don't see much difference between Columbus and Cincinnati. I recommend choosing the market where you can assemble the strongest team of four, which should include a realtor, a property manager, a lender, and a contractor.

Post: Agent Referrals Agreement

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
Quote from @Dennis Kelly:

Does anyone have a process they follow in regards to referring listings to agents? Not so much Property Management but leads for Wholesaling and Flipping. I’ve been getting leads that are in good shape and more geared towards end users that I want to refer to agents.

What’s a reasonable % or fee you would ask from their commission split? And what would be the best way to be paid out since kick backs are technically illegal?

I was thinking handing them the lead and if they close it then they'll send me a % of their commission split after the sale for “marketing efforts”. Do you think an actual contract needs to be put in place when handing them the deal or trust your relationship with the Realtor?

Let me know what you think or practice.


You must obtain your license. Currently, practicing real estate sales without one is illegal. There are referral companies that focus entirely on directing leads to real estate agents. While you might manage to operate without a license for some time, if someone reports you, you risk being sued or fined.

Post: New here-Love to connect!

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
Quote from @Temesgen Merga:

Hello everyone, my name is Gobena. I will be moving to Decatur Illinois soon and would love to connect with realstate investors and Agents around that area. Champaign,springfield,Decatur or Bloomington! 


 Welcome to BP!

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

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,585
  • Votes 6,579
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.