All Forum Posts by: Remington Lyman

I was always under the impression that a VA loan could not be assumed for investment purposes and that it must be for a primary residence, which typically means occupancy of the residence for a year.

However, while speaking with a company who specializes in Va assumptions, i was told that with VA is possible to assume For investment purposes and there's no residency requirement. Is this true?

We went from zero to over fifty rental properties in about 10 years. Overall real estate investing has been a very good business for us in the form of cash flow and equity. But it is time to scale back to give us more time to focus on our family and some other projects.

So now we are in the process of selling 9 properties in Colorado and 7 properties in Ohio. We have listed them with real estate agents we like and have used other transactions. But I wonder if I should also list them on loopnet or crexi. Is that worth it? Can I do that as an owner? Or are there other strategies to get the properties in front of investors?

Mike

We are a few friends from California looking to invest in multi family real estate in Ohio. Initially, we were thinking to make an LLC. For LLC, we need to register in Ohio and California. If we don't go the LLC route for now and just make a general partnership, will we have to register the partnership also in both Ohio and California?
Also, for a general partnership, how do we report the taxes. Is it by filing 1065 and generating K1's or is there more to it?

Hello everyone

So we are under contract for a quad in Columbus area and currently shopping around for Home insurance. I have a nice recommendation list of providers from my RE agent, but a lot of those do not provide coverage for a Quad property as supposedly they are considered a commercial property.

So I wanted to ask here

1. If anyone has personal experience on a home insurance provider they are happy with, I would love to know more about that.

2. Any special caveats to include/exclude in the insurance coverage as its a rental property?

3. Bonus point, if you could share (in a DM) approx how much you pay annually for your quad home insurance, so I have some idea about the market rate there

Hello Bigger Pockets!

My name is Marie and I'm currently making my way out of nursing. My son just joined the Navy and now that I’m an empty nester I want to make a shift and bet on myself! I’m eager to connect with individuals who are experienced in real estate investing so I can grow and develop on this new path. I’ve been educating myself and would like more knowledge and a deeper understanding of the real estate world. The strategies I’m currently focused on are wholesaling, flipping and rentals. However, I’m open to all strategies. I live in North Carolina by way of New Jersey. I'm interested in opportunities in and out of state. 

I’m looking forward to learning and building relationships within this space and beyond.

I’m so excited to start this new journey!

Thank you for reading!

Hi BP,

I have quite a bit of equity sitting in a rental property I own. Gathering different opinions here. What would YOU personally do with about $130k cash to invest in real estate. Just want to hear everybody's thoughts.

Hello and thank you in advance for any advice! I'm really new to investing out of state. I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area. Wondering if the vacancy rate is higher in the area as it seems more advantageous to just buy a house and pay mortgages rather than renting. Thank you again for all your time! 

Hello BiggerPockets Community,

My name is Elimar Guzman, and I'm excited to be a part of this thriving network of real estate enthusiasts and professionals! 

I'm brand new to real estate investing and currently live overseas in Japan. My current focus is long distance real estate investing, buy-and-hold rentals, and house hacking, and I'm eager to get my first deal and expand my knowledge in the field. 

I joined BiggerPockets to connect with like-minded individuals, learn from experienced members, and contribute to discussions where I can add value. I believe collaboration and shared knowledge/insights are key to success in real estate. 

Outside of real estate, I enjoy bodybuilding, working on cars, and anything that keeps me physically active outdoors, which helps me remain grounded and focused.

I'm looking forward to networking, exchanging ideas, and building lasting relationships in this community. If you're in northern Indiana or have expertise in the Great Lakes region, I'd love to connect!

Thanks for welcoming me, and happy investing!  

I have the same issue. I am paying around $450 per month for a 4plex in Columbus Ohio. If anyone knows good insurance brokers, that would be great. 

Quote from @Jonathan Greene:

Quote from @Remington Lyman:

Quote from @James Wise:

Quote from @Remington Lyman:

Quote from @James Wise:

It's obvious why there are a lot of landlords who won't rent to people with evictions or felonies on their records. However, there are some landlords who discriminate against people with tattoos on certain locations of their body. Should landlords be allowed to discriminate against people with tattoos during the tenant screening process? Is a landlord screening against people with tattoos going a step too far?

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 Yes. Landlords should discriminate against anyone that is not a protected class

 I 100% agree. Discriminating against people IS our job.......

Look at us Remi, ever since you told me to F myself in that Podcast, we've become bro's.

I have to be nice to everyone now that they made @Jonathan Greene a moderator, and you got Mr Stevens banned. My days are numbered on this site

Now I can finally tell you that behind the scenes, there are lots of dartboard mockups of the Columbus Cartel, but based on our conversations, you know you aren't near the top anymore. You have a lot of agents under you that love to be the bullseye. :)

 Fire them agents Remi!!!