All Forum Posts by: Remington Lyman

 Section 8 can make you millions, it's made me millions. However you better be ready to battle for your money every single day. Your tenants are going to be complete and total savage animals.

Have a pre-approved buyer for up to $300,000 looking to invest in Toledo Ohio. Most likely long term rental. If anyone or knows of any properties that may work for an out of state investor, please let me know.

Hi - I am a new agent who recently got licensed as part of a career change which happened after I bought my first investment property and decided to dive into building wealth - and helping others do the same - through real estate.  I have a particular interest in historic properties not only because I think the quality of the materials are better, but because I think the architectural charm and interest will stand the test of time and appreciate.  I'm looking for others who have similar interests and want to connect.

I have just recently discovered the possibility of real estate investing and I'm concerned whether I should invest out of state or not. I currently live in San Diego but seem to find the area too expensive for my liking. I am active duty military so I move around every few years for work, so I'm trying to decide if buying a property here and house hacking for the next couple of years until I move or making my first investment in a cheaper area is the better option. 

Great question Remington and great to hear from you again. I'm just  not seeing the volume of interesting deals that meet my cashflow criteria in Columbus anymore so I'm now looking at other nearby markets. Happy to be convinced otherwise. 

I'm a buy and hold real estate investor who currently splits my time between New Hampshire and Columbus, Ohio. I have property in both locations and am now looking to expand my portfolio into Cincinnati. Does anyone have recommendations on pseudo out of town investor friendly agents I should be working with to find and purchase property. 

Thanks in advance for the help. 

@Craig Cann don't forget about Metro Detroit!

What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State University
https://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/

$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Development
https://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/

$1.4B Total as Hotel Added to Hudson Site

https://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/

$439M Gilbert Foundation investment in Detroit

https://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute

$400M Investment, 517 New Jobs: Norway’s Nel Hydron

https://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.

$300M Huntington Place Renovations & New Detroit Hotel

https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached

$200M Chase Investment in Detroit

https://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment

$44M Investment, 237 New Jobs: Bollinger Motors

https://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/

$21.5M Investment for Detroit west side Dexter Neighborhood

https://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/

$20.6M Investment, 186 New Jobs: BorgWarner

https://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs

$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroit

https://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/

New Detroit Developments to Be Excited About

https://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/32735392

3 International Companies Choose Detroit

https://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/

6 New Residential Developments in Detroit

https://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/

Contact us with any questions you have.

lol so Im 30 years old and have acquired two rental properties, one in riverbank CA and other in Lansing MI on a partnership with my dad. Both cash flow and I’m around $570 per month. Currently I can save $2000 per month (total) for my next deal. The properties I purchase are in the Lansing area and open to Jackson, Battle Creek, and Grand Rapids. My goal is a single family 3 bed or more 2 bath or more for around $100-130k. In the midst of me coming up with a down payment and saving for emergency fund for said property, I feel like I’m taking all the right steps in education but can’t help but feel a bit restrained in the action I can be currently taking. lol I’m open to bird dog (never done before) as I learn more each day about my market and others. But around a 1-2year wait feels like forever until I can actually purchase. Am I doing the right thing? Or is there something more productive I could be doing in the meanwhile? 

Thanks in the meanwhile love the community 

How do you make a offer with a real estate agent on investment properties?

I have a Section 8 tenant has been in place for nearly 3 years. Her rent is paid 100% by Chicago Housing Authority. The tenant has been mostly good, but I have had concerns about housekeeping (she has complained about mildew in the bathroom, which I attempted to address by having a ventilation fan installed with a timer so she could easily have the air cleared while showering and for a set time afterwards). Things seemed fine for the last year. 

There was an electrical issue last month. The electrician I use told me after he worked on the home that there is dog feces throughout the house. The lease specifies that no pets are allowed in the home. Not wanting to throw the contractor under the bus, I requested an inspection through the service that I use for managing service requests. The tenant then filed a maintenance request for a slow toilet draining issue, and another for an odor in the bathroom. The service company sent me a message this morning that the tenant has not responded to scheduling requests for any of the three pending requests. I messaged her today regarding her lack of response. 

I wanted to keep her in the home until late winter/early spring, and then have her move on, rehab the home, list the home, and reinvest in a different property (a multi-family that would accommodate our son who attends school at DePaul University). 

My question is, at what point should I/would you involve CHA to get her move initiated? The home will definitely need some repairs (carpet for sure, paint and patching, and a handful of other stuff). Would you let her float until winter passes, or tell CHA now that she needs to move? 

Added info: I was using a property management company when the home was rented to her. I never would have accepted this tenant had I done the screening (after taking over managing the property I found out that her last lessor never responded to reference checks, previous lessor was her grandmother, and before that she had multiple evictions, plus felony convictions).