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All Forum Posts by: Samuel Diouf

Samuel Diouf has started 1 posts and replied 1146 times.

Post: New to Bigger Pockets

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Welcome to Bigger Pockets Manuel!

Bigger Pockets is a great place to learn and connect with fellow investors.

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Post: Real estate investor

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Sankalp, great choice for your market! Columbus, Ohio, is a great city to invest in where you can still find deals that cash-flow while also seeing a ton of appreciation with massive companies and developments coming in pushing the city's growth to new levels.

The first thing you'll want to do is build a solid team. You should start with a real estate agent that focuses on investing. They will be able to help you build out the rest of your team, give you the right market insight, and help you find the right deal.

Post: 19 year old with $50,000 to invest.

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Jordan, I'd say house-hacking is one of the best ways to get into real estate investing. You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Being able to purchase a property with only 5% down means you can leverage your money way more effectively. When you’re investing with leverage, I think it makes more sense to do it in a market that’s showing plenty of signs for growth.

Post: Building a team for the Cleveland/Columbus/Akron area

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Zachary, I would focus on one market first. Get a solid understanding of the area and build your team and systems there. Then, maybe expand after you've set everything up in the first market, expand to the second and third using the same method. 

Post: New to Real Estate, Closing on first Multifamily

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Congrats on the first deal! I would start keeping track of everything that you've had/have to do while owning/acquiring this property. Always ask yourself if there's a way to systemize the different tasks you come across. 

The more you can systemize the process, the more time you'll have to work on the next deal or venture.  

Post: new member glad to be here

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Tyran, welcome to BP!

I'd say house-hacking is one of the best ways to get into real estate investing. You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.

Being able to purchase a property with only 5% down means you can leverage your money way more effectively. When you’re investing with leverage, I think it makes more sense to do it in a market that’s showing plenty of signs for growth.

Post: Hello BiggerPockets! New PRO here

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Welcome to Bigger Pockets Paul!

BP is a great place to learn and connect with fellow investors.

What strategies are you currently using to find deals? 

Post: New opportunity out of state

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Christine, have you looked into Ohio markets such as Columbus? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.

Post: Getting Your Foot In The Door

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

Hey Yianni, I would start with something either turnkey or light value-add, so you can start forming your team with less pressure and risk. Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.

Post: Where to invest using BRRRR Strategy

Samuel Diouf
Posted
  • Real Estate Agent
  • Columbus & Cleveland, OH
  • Posts 1,173
  • Votes 1,494

A lot of OOS investors are having great success with BRRRRs here in Ohio. It is very important to have a solid team and strategy in place, because you’re taking on a lot more risk than a typical rent ready purchase. I like Columbus for BRRRRs because of the mix of cash-flow and appreciation. When doing BRRRRs you may have to leave some money in your deal but you’ll still be able to scale a lot faster than the typical buy & hold strategy.

Cleveland is another market where BRRRRs work. You just need to make sure you hire out the right contractors, as there are a lot of unreliable GCs there.