All Forum Posts by: Simon Ashbaugh

Hey Nahum, welcome to BiggerPockets! I'd say first identify a strategy and establish your Core 4.

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. If you wish to know more, let’s connect and discuss how I can help you out.

There's truth to the buzz around cities like Columbus. They offer strong rental markets and attractive investment potential. Do your research on micro-markets within these cities, focusing on neighborhoods with solid demand and long-term growth potential. Jumping in now depends on your risk tolerance and investment goals. High interest rates and low inventory currently squeeze profitability. However, an anticipated decrease in interest rates later this year could boost long-term returns. By focusing on strong locations, demand, and long-term value, these cities can stand out as promising investment opportunities.

Hey Shalini, it's always great to have a clear goal and see your plan unfold! Out-of-state investing can be a fantastic strategy. Markets like Cleveland and Columbus offer interesting possibilities as well.

If cashflow is your top priority, Cleveland's reliable rents and predictable income could be a strong contender. However, if your sights are set on long-term appreciation, Columbus might be more appealing. Ongoing population growth, a thriving tech scene and strong economic factors point towards potential value increases down the line. I'd be happy to connect if you wish to know more.

Hey Nicole, welcome to BiggerPockets! If you want a steady income, go for Cleveland. But if you're thinking long-term value increase, put your money on Columbus. It's all about what you're aiming for.

Hey Chandler, welcome to BP! Hard money lenders are often more willing to finance out-of-state fix-and-flip projects due to their flexibility with property locations. Their quicker approval and closing processes make them a practical choice for competitive deals. However, it's important to keep in mind that you should be prepared for higher interest rates and fees compared to traditional mortgages. Ensure the potential returns from the project can offset these additional costs and you'll do fine. 

Hey Sean, let me send you my list. Let's connect.

Hey Christopher, welcome to BiggerPockets! It really comes down to what you're aiming for. If you're seeking a reliable income stream, consider checking out Cleveland OH. It has a strong potential for cash flow and property values are steadily increasing. On the other hand, if your focus is on appreciation, Columbus OH is the place to be. The appealing aspect here is the ongoing population growth and other economic factors.

Hi Geoff, welcome to BiggerPockets community! It's great to meet you. For starters, I suggest that you tune in to the BiggerPockets Podcast. They have tons of resources for finding deals, handling renovations, and even working with Section 8. When it comes to tenants specially on section 8, thorough screening is key to your success. Don't just check credit and income, but also contact previous landlords and even consider reaching out to employers if possible. This extra effort will help you find responsible families who appreciate your efforts.

Expanding your network will also be just as valuable. Connecting with local lenders and brokers as well as attending your local REI meetups is a great way to meet seasoned investors and build a strong support system.

Hi Nathan, I say nothing ventured, nothing gained! Sounds like you're handling the challenges head-on with dedication and motivation so don't ever lose that. Once you've started to absorb all these initial lessons, you'll be equipped to make even smarter decisions and secure even better deals moving forward. These early experiences are laying the foundation for your successful and long-lasting real estate journey. All the best!

Hey there Simon, nice name! For starters, you could join your local REI groups and meetups. You'd mostly find these on social media platforms nowadays. Connect with experienced investors and professionals, showcasing your dedication and learning from their expertise. By building genuine relationships, you might encounter the perfect mentor you're searching for. Keep in mind though, a mentorship is a two-way street. Be clear about your goals, share your strengths and actively contribute. Offer help similar to what you seek and be real in your interactions. The more you invest in others, the richer the rewards.

Lastly, always remember that building connections takes time and consistency, be patient and give back generously. As your network grows, so does your knowledge. Hope this helps!