All Forum Posts by: Saleh Riazi

Hello Joey, Welcome to the BP community. Having lived in CA, I agree, it will be very difficult to find deals for that price. As far as Flip versus renting, it all depends on your long term goal.

To me flipping is a more short term gain, higher dividend per property, higher risk, front cash load heavy, active engagement strategy versus rent and hold is more of a long term gain, smaller dividend per property, lower risk maybe less cash heavy (Conventional financing) and passive engagement strategy.

I think you are on the right track to look out of state and all the areas that you mentioned above are good starts, it really comes down to finding a solid team in any of those states and BP is a best place to connect with those people.

Good luck

Hello @Nischal C. I worked with Jay for all my rentals. He is great. You can also look up his google reviews and his contact from his website. 

Jay Brzezinski
General Home Inspection

Good luck

Hello Cynthia, Welcome to emotional up and down ride of Investing in hot markets like Columbus :) Most of us are on the same boat, or at least I am too. 

Depending on your situation and your budget, you could always start in your backyard (Cleveland, which is still a pretty good market) and once you get the first one under your belt move to Columbus. Your market is also pretty hot but at least your have the advantage of being local and being able to do a lot of deal finding activities that us as OOS investors can't do. Like driving for deals. 

I think if you keep up with looking for deals and putting offers, 6 months timeline is reasonable in Columbus or Cleveland. 

Also, I don't think you need to be in the best area to cash flow. As a starter I would probably avoid D neighborhoods, but C should give you a decent cash flow. Sometime, you can find good cash flowing properties in B areas as well. 

Good luck and reach out if you have any other questions.

Agree with @Brandon Sturgill, it is very county specific. I am surprise that you can't get in to inspect. From what I know, in most states all you need is a 24 hours notice, and then you should be able to open the door and walk in, regardless of if the tenant is ready or not. 

Also, again, depending on the state and the county you don't have to deal with the Federal moratorium since the tenant is on month-to-month you should be able to serve them a non-renewal notice and evict them 30 days later.

Lastly, I would be interested to know if anybody had any luck with "Cash for key" in the past. I heard it usually doesn't work. 

Hello Oscar, Message me and I can also refer to the one that I am currently using in Cleveland 

Hello @Naimah Lewis, let me know if you find one :) The keyword is "RELIABLE". 

Congratulation Scott, 

How much do you expect to get for the rent for this property? 

Hi Bradley, 

Welcome and Thank you for your service. I am not too familiar with those areas that you mentioned, but one recommendation would be to make sure when you move out in a year, your rent covers your mortgage, Insurance and tax plus about 10-15% for other unexpected expenses. If you don't decide to self manage then consider the cost of the property management as well.

Good luck. 

Welcome Anthony, 

I am also an out of state investing in OH. I think based on your budget I will probably look into Cleveland area. I personally try to avoid turn key properties since, there is not much upside to it, but as AJ mentioned, if you really want to be hands off and just a passive investor, it might not be a bad option.

Good luck

Hello John, 

I am sorry to hear about your experience. I am not a lawyer and don't have much knowledge on the technicality of broiler, but agree with you that a brand new one should last way more than just 4 years. If I were you, I would call a couple of HVAC experts in the area other than "the Company" and have them go in and look at it and give me an expert opinion on why this happened? Once you have the report, you can look at your options  and see if you want to take legal actions or not.