All Forum Posts by: Simon Ashbaugh

Hey Kerry, welcome to BiggerPockets! I recommend starting with turnkey properties as your first investment. They require less hands-on management making them a great way to gain experience and build trust with local professionals down the line.

The BRRRR strategy can be profitable but it relies heavily on trustworthy partners. Once you've established a solid team of property managers, contractors and lenders, you'll be well-prepared to take on more complex strategies like BRRRR. Hope this helps!

Quote from @Bryce Mosier:

Hey!  I am super new to the idea and business of real estate investing but am totally open to learn and work with anyone!  My first and foremost question is where to start?

Thanks,

Bryce Mosier

Hey Bryce, welcome to BiggerPockets! I'd say first identify a strategy, choose a market that aligns with it and establish your Core 4 Real Estate Team.

The main challenge I observed is that individuals often lack a clear end goal or strategy or they select a market that doesn't align with their chosen strategy. Happy to answer any questions you might have. All the best!

Hey Michelle, welcome to BiggerPockets! I recommend that you first identify a strategy for your investment and make sure that the market you choose supports it. Also, building your Core 4 Real Estate Team is important when investing out-of-state. This team should include professionals like agents, lenders, contractors, and property managers. There are a lot of markets where you can generate a profit. The Midwest for example offers a great opportunity for investors due to its affordable housing market and strong rental demand. You should check it out. All the best!

Quote from @Kasandra Dore:

Hello! I am completely new to real estate investing and am interested in the Central Georgia area and the BRRRR method. Please feel free to pass out any knowledge/tips for someone very green.

Hey Kasandra, welcome to BiggerPockets! The BRRRR method can be a profitable investment strategy but it's essential to approach it with caution. Challenges like unexpected renovation costs and tenant turnover can arise but with proper preparation and management, you can achieve great returns. Focus on finding properties with immediate positive cash flow, conduct thorough due diligence and assemble a reliable team of professionals. Hope this helps!

Quote from @Amauri Campos:

Hey BiggerPockets community! I'm Amauri from Orlando, FL, passionate about real estate investing for the last 10 years. I'm particularly passionate about Tax Lien/Deeds, Flip, and BRRRR.

Outside of real estate, I enjoy spending time with my lovely wife and two kids, networking, and traveling.

Excited to learn and connect with you all!

 Hey Amauri, glad to have you aboard!

Quote from @Lee Sanders:

Hello everyone! I'm new to the platform but have been investing in real estate for some time. I started with single-family homes and then moved on to condos, typically holding onto properties longer than I probably should. Now, I'm shifting my focus to multi-family properties, particularly in landlord-friendly states. My experience in Massachusetts, where it took nearly a year to evict a non-paying tenant, has made me more selective about the locations I invest in.

I am looking forward to learning and sharing insights with this community!

Hey Lee, Ohio's a great state for landlords but different cities offer different opportunities.  If you're looking for steady rental income, Cleveland could be a solid choice. It's a market with a lot of potential for cash flow. On the other hand, if you're hoping for better appreciation, Columbus will be a better fit. The city is growing and the economy is strong so property values are on the rise.

Hey Darius, welcome to BiggerPockets! We're glad to have you here. What specific areas of real estate are you looking to focus on?

Quote from @Clarence Harvey:

Hello! An aspiring investor here, moving to Cleveland Ohio within the next year or so to househack my first property and begin my real estate journey by age 25/26. Feels like I’m starting late. However

This is my introduction and to also network with anyone within the area of Cleveland and the Ohio area! 
id like to build connections with fellow investors and investor friendly real estate agents. Will be looking to scale relatively quickly as well

if anyone is willing to talk me through the Cleveland area or what I should expect and what to go for! That would be amazing. At the very least I’d like to connect and network with people within the srea

Hey Clarence, it is never too late to start in REI. I'd be happy to connect with you.

Hey Hadar, I would recommend that you explore the Ohio area. Cleveland offers a mix of affordable housing options and a solid rental market. Columbus is another city to consider. It's strong job market, growing population and a mix of affordable and appreciating properties makes it a favorable area to invest in. 

Quote from @Ed Henson:

Hi! I'm excited to be here and learn. I'm interested in buying and holding single-family and/or small multi-family properties. Currently in Las Vegas, NV where the barrier to entry is high in terms of costs SO I'm looking elsewhere. 

Currently interested in north Dallas area, Ohio, and properties offered by REI Nation. Currently in research and networking phase. I am looking to take the (calculated) plunge early 2025.

Hope to make some great connections here! Bless!

Hey there Ed, welcome to BiggerPockets! Ohio is a great area. If cashflow is your primary objective, consider checking out Cleveland. It has a strong potential for cash flow. However, if long-term appreciation is your focus, Columbus is the place to be. The city has attracted substantial investments from companies like Intel, Google, Honda and more driving job growth, increasing housing demand and boosting property values.