All Forum Posts by: Remington Lyman

This is becoming a little Polyanna. There will never be an Internet forum where we all sing together and hold hands. If people are spending this much time talking about my verbal delivery in response to questions, I think they are missing the point. My advice is based on 40 years of walking houses and doing real estate. It's rock solid. The only reason I do it is to help people. I shouldn't have to change my personality or delivery (except for some rare occurrences where I do look back and cringe because it is a little over the line) to please people or make them feel better.

Criticizing tone in an online forum is preposterous. Like I told Scott, go back and read any post that you think is off. If I said that to you in person with a smile on my face, no one would balk at all. This hypersensitivity isn't going to help anyone become a better investor.

@David Rosen contact 

RL Property Management

Good day-

I am looking for a few contractor quotes on a full gut job.

Can anybody recommend someone they have worked with? Looking to get a few quotes.

Thank you in advance!

@Jonathan Greene At risk of getting sucked in here, I did go ahead and click on @Scott Meech's post here: https://www.biggerpockets.com/forums/925/topics/1217313-dete...

I often agree with what you have to say, but in this case, I have  to disagree. 

I feel that the BP forums are literally for the kind of question Scott asked. Scott is new to MTR, and did the homework of setting up his profile, and even buying a pro membership, and researching a property to ask for opinions about in response. 

Think about how many people come on and post about how they have $300K+ and no plan! I worry that these posts risk them being targeted by bad actors in the space. 

Scott is nowhere close to "bad" in the context of what a lot of newer members post to the community.

I can't think of a better use for the forums than in allowing members like Scott to test ideas like that MTR and get feedback from the community. I am sure that Scott is aware that he should do lots of research before buying an MTR, but if a part of that research can't be posting a potential deal to the forums and getting community input/guidance on how to think about it, what is the BP forum even for?

Your responses are usually great, but in this case it came across to me like you were telling him to do more homework and to come back later when he had a better question. 

We don't want Scott to go away! We want him to come back, and to engage with the community, learn how to ask the right questions, buy investment property that makes him rich, and for him to have such an awesome experience and make so much money in real estate over the next few years that he stays on BiggerPockets for 10-20 more years answering questions for other newbies, learning from the example of @miguel del mazo - who provided an incredible and useful response. 

We want more people like Scott to post to the forum. 

I think that there's a spin to your post that needs to incorporate the idea of being "welcoming" and "encouraging" of every member to pursue the long-term benefits of real estate responsibly, even as we of course do not want to encourage irresponsible real estate investing decisions.

Curious to hear other's thoughts here. 

@Remington Lyman can surely help you with this.

We are considering buying our first multifamily property in Ohio and plan to hold it within an LLC. We're trying to decide between forming the LLC in Ohio or Wyoming.

We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.

Can someone please elaborate on the advantages and disadvantages of each state for our situation? Specifically, we'd like to understand:

• Liability Protection: How does each state's legal framework and case law compare in protecting our personal assets from liabilities related to the property?
• Anonymity: What specific features of each state's LLC laws enhance privacy, and how significant are these differences in practice?
• Tax Implications: Are there any tax advantages or disadvantages to consider when choosing between an Ohio or Wyoming LLC for owning Ohio real estate? In case it is important, we are based in CA.
• Administrative Requirements: Are there differences in ongoing fees, reporting requirements, or other administrative burdens between the two states?

Since this is our first property, is it advisable to use a single LLC for both personal asset protection and holding the property, or are there reasons to consider a more complex structure?"

You have unleashed a tidal wave coming to this post soon. Batten down the hatches on your DMs because that ship will sink within one day of mentioning Columbus on here. It's very hit or miss and spammy when you mention Columbus, but there are good agents there who also invest there. You want one who has multiple investment properties in Columbus and can prove it. @Remington Lyman can you get out ahead of the deluge coming and help out?

Hello community! I’m starting my real estate journey in the US (I’m originally from Mexico) and wanted to ask you for recommendations of regions/cities for me to look to purchase my first investment property. I’m looking ti buy either a single family home or a small multi family with a budget that can’t exceed 150k. I have read positive comments and experiences from other investors from deals in the Great Lakes region (OH, PA, IL, MI, etc) any thoughts?

Hello everyone, 

I recently graduated highschool last June, and since then have been fascinated with learning to invest in real estate. I was so happy when I found bigger pockets, and since then have been binging like 5 hours every day while I'm working. My goal is to buy a rental within the next 6 months in the Cleveland area. I know that at 18 that seems daunting and really hard to do, but I have been learning alot and asking alot of questions from real estate investors I know. As far as financing a property, I have managed to save a good reserve of cash because I  am working like 75 hours a week and watching my spending and plan to do both for the forseeable future. My question for you guys is how would you advise me to start. At this stage in the game I don't care much for money, I really want experience. I would like my first property to not be a real big rehab,I would instead like to have maybe some cosmetic problems that I could do myself and focus more on learning how to manage tenants and a property. Just wanted to get some educated opinions on what would be the best kind of property to invest in. Also, how to convince a lender to give me the money I need only being 18 years old, and if something like seller financing is a better option. Thank you so much for your help!

Hey my name is Julian Frazier, I am a nineteen year old resident of Cincinnati, Ohio. I am brand new to all things Real Estate, and Investing related and I signed up for BiggerPockets to meet great people in the same space I'm trying to enter as well as learn as much as I can. I am excited to get started and I appreciate everyone on here and beyond. Thank you!