All Forum Posts by: Remington Lyman

I’d like to start a new kind of real estate brokerage. It would dually represent buyers and sellers and charge a total commission of no more than 0.6%. Instead of depending on buyer agents to drive prospects from house to house, prospects would tour houses themselves, and unlicensed “door-openers” would admit them. The listing agreement would include within the commission property photos, a set number of “door-opener” tours, some hours of phone/Zoom consultation with a licensed agent to set a listing price and discuss offers, counter-offers, and closing mechanics. Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers. While this brokerage would start in Ann Arbor, I would want it to expand to all of Southeast Michigan, then statewide, and ultimately nationwide.

Initial target users would be investors/flippers, in other words, more frequent flyers than typical homebuyers. Yes, this brokerage would eliminate buyer-broker commissions, which are under threat, anyway. Agents would be paid hourly, not by commissions: the brokerage and not the licensed agent-advisors would drive all listing leads. Agent-advisors would merely provide advice, coordinate property photos, and review offers with their principals. 

Agents, tell me why this is a bad idea. Be as blunt as you can.

Hello BP I finally made it here. I’m a new investor and looking to invest in a small multi family. I can do 20-25% down of upwards for a $300-350k property because I can’t house hack as an out of state investor. Would love to be able to do some value add so I can pull my money back out to reuse. Looking to build a boots on the ground team that can really guide me in the right direction and be my eyes and ears. Looking to build relationships. Thanks in advance.

Hi,

I'm looking for cities/states where I could invest in townhouse/SFH type rentals for strong appreciation while ensuring that I don't go cash flow negative. At present interest rates, are there cities where we could be cash flow non-negative (for a standard 20% down payment)?

As I live in New Jersey, somewhere in the North East is easier to manage, although I don't mind out of state properties if their growth/appreciation prospects look good. Thanks for your inputs.

Their lawyer Michael CASSONE in Columbus Ohio is in cahoots with them as a Owner of real estate they manage and they fraud courts and threaten tenants in Columbus Ohio the. COLLUDE With Judges like KAREN PHIPPS to case FIX court case outcomes so the public doesn't know their fraud scams that include insurance faked claims with frivolous incident dates of known pre existing conditions putting tenants lives at risk SEE CASE COLUMBUS OHIO FRANKLIN COUNTY COURT OF COMMON PLEAS 22CV003620 AND OHIO SUPREME COURT WRITS : 2024 1311,1314,1315,1319,1320,1339,1360,1362,1378,1400,1420,1448,1471,1474,1502,1588,1601

See FRANKLIN COUNTY MUNICIPAL COURT cases 2021 EVH 060439 AND 2021 CVG 020711 FAKE AND UNLAWFUL LANDLORD RETALIATION EVICTION BY ALL COUNTY NEO'S  ATTY WHO IS THEIR CLIENT🙄

THEY ARE ALL CORRUPT and frauding

Hi all,

I'm still connecting with and talking to Prop Mgrs in Ohio (for Columbus properties) and would love to meet any who are here and interested.
If it works for you, I'll be able to connect in person in Columbus, on Dec 9 afternoon or Dec 10 morning if you are...

Tanya

Hi all,
I would absolutely be delighted to connect with any investors who are in the Ohio (Columbus) area Dec 9 or 10.  I am there vetting GC's, researching investment properties, and meeting with agents.  A fun research trip!

Lunch or dinner on me.   Would be a pleasure to learn from your experiences, your insights into the market, and enjoy a meal with a new colleague.

Thank you!
Tanya

Hi all

Some context:

We have 1 LTR in Denver now, and reside there. We do NOT have a separate LLC for it. Taxes/Expense: flow through our personal taxes.

Questions:
a. We are about to buy properties in OH. Should we set up a simple LLC in Ohio? Or does it matter (can we create one in Colorado)?

b. What are cost and time effort for setting up an LLC for REI purposes? Curious to learn options for ease of set up and $ hard costs (Think about it like Tier 1, Tier 2, Tier 3, with Tier 1 being "just fine, it works" and Tier 3 being "Pro-Level with Pro Prices")

Thank you!  HAPPY THANKSGIVING!
Tanya

Getting ready to sell a multi-family property in Northeastern, Ohio the property has two units. Both buildings are two-story four-plex. There are 8 total rentals each are 2br/1ba. Covered parking for 8 vehicles. any thoughts on agent or non-agent?

Hello!!

Long time lurker.  After many years of observing, I've finally got a house hack under contract.  What I found to be a solid 3 family in Troy, OH.  Had a home inspection done and found it needs some work (Roof will need to be replaced in the next few years, some of the electrical needs work, updating the 2 upstairs units, furnace replacement at some point, etc...).  

Will be moving to the area from Boston, MA.  I am very excited to finally be starting my house hacking journey.  Stressed with lots to figure out in terms of getting systems in place and making repairs with not much time to get everything done, but I'm confident in the deal.  

Would love to talk to anyone who is local to get a better feel for the area and have some folks to get advice from.  I've visited out there and thought it was a great little area (besides the train...) with a lot of potential.  

Also wondering if there are any Real Estate Meetups out that way?

How do you write a contract for deals when using OPM? Young investor looking to scale quick and own a lot of properties in the Columbus, OH. Let me know your thoughts.

Thanks!