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All Forum Posts by: Remington Lyman

Remington Lyman has started 29 posts and replied 5294 times.

Post: Multifamily Commercial Lenders - Cleveland, OH

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Cole Beeby:

Does anyone know any good multifamily commercial lenders in the North Eastern Ohio area? Would love to build a relationship with a good lender as we have capital ready for funding.


 Park National Bank and Union Savings Bank would be good options

Post: SPRINGFIELD, OH? Worth it?

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Carlos Quiros:

What's in Springfield OH? I keep getting offers/investment opportunities from a realtor I know in the area.

Is the juice worth the squeeze there?


I currently own rentals in Columbus, OH


 Not much, but my buddy has 40,000 dairy cows out there.

Post: Looking to connect

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Vincent Zhang:

Looking forward to connecting with contractors/flippers that are doing fix and flips in Columbus, OH. 

Why are you looking to connect with these people? Are you trying to wholesale deals?

Post: Down Payment Partners

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Ally Shroff:

thank you all for your responses.

As to what I bring to table is the experience of having done 3 deals in the Cleveland area. Number 2 is my time which I spend Finding the deal, putting the deal package together and managing the investment and the property. 

Let me ask you all another question: If for example you are able/willing to fund a down payment for a deal what would be your ask? a solid return on investment only for a say 3 to 5 years with the principal amount returned at the end of the term or, would skin in the game (equity) also be a requirement?

Trying to gather some information as to what I can offer because the past deals I have done on my own.

Thanks in advance for all your comments and suggestions.


 I recommend obtaining your real estate license, brokering some deals, saving the commissions, and then buying a deal yourself. I think it's difficult to ask someone you've never worked with before to partner with you on a 1-4 unit. There's just too much that could go wrong for too little gain. Some out-of-state investors might be willing to do that, but I don't think it's worth it for you to partner with people who would consider this a good idea.

Post: Down Payment Partners

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Ally Shroff:

Hello Community,

Need some advise on how to go about finding partners/investors for multi family acquisitions in Ohio. I am working a few good deals that require some sort of investor partners or JV partners to fund the down payments.

Any advise and/or suggestion will be appreciated.

Thank you


 What value are you bringing to the partnership? You need one of the following three: time, experience, or money. Then you get a partner for one of the remaining two.

Post: New Agent Looking to Learn & Help Investors in Columbus, OH!

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Jared Bruce:

Hey everyone!  My name is Jared Bruce, and I’m a real estate agent based in Columbus, OH. I’m new to the investment side of the business, but I’m eager to learn and excited to help investors find great deals—whether it’s fix-and-flips, buy-and-hold properties, or multi-family investments.

I know how important it is to have an agent who understands the numbers, market trends, and what makes a property a solid investment. While I’m still gaining experience in this space, I’m committed to being a valuable resource and working hard to find the best opportunities for my clients.

If you’re looking for deals, need boots on the ground, or just want to network, I’d love to connect and learn from you! Let’s talk about how I can help you find your next great investment.

Looking forward to being a part of this awesome community!


 Welcome to BP!

Post: Seeking Advice: Buying My First Investment Property While Working in Downtown Toronto

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Josh Jones:

This is great and am looking more into Columbus now - I emailed you, would love to hear more about how we can hit the 1% rule and would love to dive further into the details of that rule itself.

Thanks,

Josh


 Welcome to the Columbus market and Biggerpockets!

Post: The Bigger Pockets Mount Rushmore

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @James Wise:
Quote from @Remington Lyman:
Quote from @Michael P.:
Quote from @James Wise:
Quote from @Michael P.:

The GOAT has hair

I dunno bro.....That vote count is pretty low.


Ok what about the city of Columbus?

or what about this guy he has a lot of votes


 I say we build it in Columbus on Sullivant Ave


 Wait, are you saying that the existing Mount Rushmore isn't already in Columbus????

It is, but wait, there is more. The Seven Wonders of the Ancient World are remarkable historical and architectural achievements, with the Great Pyramid of Giza being the only surviving wonder, while the Hanging Gardens of Babylon, the Statue of Zeus at Olympia, the Temple of Artemis at Ephesus, the Mausoleum at Halicarnassus, the Colossus of Rhodes, and the Lighthouse of Alexandria have been lost to time; all of which are located in Columbus, Ohio, which is why you should invest here.

Post: The Bigger Pockets Mount Rushmore

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583
Quote from @Michael P.:
Quote from @James Wise:
Quote from @Michael P.:

The GOAT has hair

I dunno bro.....That vote count is pretty low.


Ok what about the city of Columbus?

or what about this guy he has a lot of votes


 I say we build it in Columbus on Sullivant Ave

Post: Have you lost money in a real estate syndication?

Remington Lyman
#1 Multi-Family and Apartment Investing Contributor
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 5,591
  • Votes 6,583

Just look at the Gravity Project in Franklinton