All Forum Posts by: Sam McCormack

Hi everyone! My name is Aaron. I am a new real estate investor based out of Utah. My strategy and goal are to buy rental properties, specifically small 2-4 unit multifamily properties, and then scale up to larger commercial rental properties. I'm currently looking at the Mid West market and properties in Ohio, like the Cleveland and Akron area. I've been listening to some episodes from the Real Estate Rookie podcast and reading some books as well. I would love any advice or tips as I am going through this journey and working on finding my first property! Thanks everyone! 

 I live 1/2 mile from the property.  I am confident it is priced within market area pricing.  I have a friend that lives within walking distance and pays the same for a 2 bedroom- mine is 3 bedroom 1700 square feet.  

In Ohio 

I have a duplex - my only rental property.  Both tenants were there when I purchased it in March, 2024.  Both renewed their lease with me.  The lower level tenant was due for lease end Feb 2026.  He did a midnight move on July 3rd.  I have painted, fixed up, new ceiling fans, window dressings, etc. and it is move in ready.  Can’t find a tenant that qualifies:  3 times the rent in monthly income, pass credit check and criminal background check. 
The upper unit is not generating enough to pay the mortgage, insurance, taxes and it is COSTING me $550 a month to own this property.  Not good. I’ve listed it for sale with a realtor and considering not paying the mortgage anymore.  
Thoughts?  Anyone ever been in this predicament? 
Thank you, 

Lisa 

 People gotta use AI bro. They don't have an office filled with 400 19 year old real estate bro's hopped up on Prime telling everyone how cool Columbus is while they simultaneously hammer their chests and chant All Hail King Remmy 

Hello BP Community!

Has anyone thought the content of the forums have been degrading recently? I feel like moderators and/or the staff of BP have been unable or unwilling to moderate the forums to the same standard they used to. It is riddled with self promotions and ChatGPT --- posts lately...

@Scott Trench

What are you using to model the crime rates and what makes you interested in your position to look for these lower income areas? Have you thought about biting the bullet and getting something in a higher income area?

Hey, I am currently struggling with searching for good areas in the city that would make for a great place to invest, with hopes that the area will continue to improve and become more renter-friendly. I was looking in the South and West Philly area, but don't want to limit my search, and could use some help here. 

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. 

I love Cincinnati! Beautiful place! Look also right across the river. Covington is a hot bed of people who want the lower taxes and still have the access to the city across the bridge!

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.