All Forum Posts by: Simon Ashbaugh

Hey Sonya, welcome to BiggerPockets! When investing out of state, it's highly recommended that you have a system in place, your Core 4 will be an essential part of the journey: https://www.biggerpockets.com/blog/core-four-real-estate-team

As for which markets to look into, take a closer look at Cleveland and Columbus for excellent investment opportunities. In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income. If you wish to know more, feel free to connect. I'd love to share ideas.

Hey there Ahmed, welcome to BiggerPockets! The lack of annual fees might be attractive, but do check if it aligns with your state's filing requirements when owning property there. Best to consult a lawyer about incorporating in the best state for your situation.

Also, as others have stated, most of your questions are discussed in this article: The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team. This is essential to your out of state investment journey so its best that you have this system in place. You're already on the right track in finding the right people. If you wish to know more about the Cleveland market, let's connect. I'd love to help out and share my knowledge.

Hey there Matthew, welcome to BiggerPockets! Considering your real estate investment plans, the Midwest has some good options. Take a look at Cleveland and Columbus in Ohio. Cleveland is solid for a steady income with reasonable living costs and potential cash flow. Columbus on the other hand is great for appreciation due to its growing population and favorable economy.

Ultimately, it depends on your goals and risk tolerance. Remember, it's all about enjoying the journey. Do some research, stay curious about the local scene and if you have more questions, let's connect and chat about it.

Columbus offers a favorable landscape for buy-and-hold. With strong projected rent growth, affordable entry costs and a consistent track record of home value appreciation, it stands out as a promising option.

 Hey David, I can send you my list of PMs in the area. 

Hey Chris, welcome to BiggerPockets! Growing your portfolio in Ohio sounds exciting. I'd be happy to connect.

You should definitely check out Cleveland. The city's strong rental market driven by a growing population, ensures a steady income stream and with affordability as well as a median home price below the national average, Cleveland stands out as an attractive option for those seeking a promising return. If you'd like to know more, let's connect. I'd be happy to share my knowledge with you.

Hi Sam, welcome to the BiggerPockets community! It's great to hear about your interest in real estate flipping and what a nice name for your LLC. As a seasoned contractor venturing into flipping, you've got a solid foundation. The construction expertise is invaluable and BiggerPockets is the perfect platform to build upon that.

For starters, tune in to the BiggerPockets Podcast and connect with the local lenders and brokers. Try to attend your local REI meetups to build up a strong network and find a mentor that aligns with your goals. Dive into the forums and don't hesitate to ask any questions. You'd find this community to be welcoming, feel free to reach out and connect with everyone. It will be beneficial to achieving your goals. All the best!

Hi Justin, welcome to BiggerPockets! This is the perfect place to start learning and building connections for your real estate journey. I suggest that you try to attend local REI networking groups and meetups to connect with fellow real estate investors.

Seek advice from lenders and brokers on finding a suitable real estate mentor, most will be able to provide one. Choose one that aligns with your goals, you'd find it to be beneficial on your journey. Consider how you can add value to the mentor-mentee relationship by leveraging your strengths. Keep in mind that building your network takes time and consistency. Be real in your interactions, share your goals and don't be shy about giving back. Relationships are a two-way street, and the more you invest in others, the more likely you'll get valuable insights and support in return. Hope this helps!

Hi Christie, welcome to BiggerPockets! This is the perfect platform to kickstart your learning about real estate and expand your network. 

Here are some options to consider:
1. Traditional Mortgages
- These offer stability and predictability, great for established investors. However, their renovation cost limitations might require exploring alternative avenues.

2. Fix-and-Flip Loans
- Tailored to your project needs, potentially covering both acquisition and rehab. Be mindful of potentially higher interest rates and shorter loan terms.

3. Hard Money Loans
- Promise rapid access to capital, but with significantly higher interest rates and stricter repayment terms. Best for short-term projects with confident, quick exits.

4. Private Lenders
- Can offer tailored solutions with potentially lower interest rates than hard money. However, thorough due diligence and careful consideration of legal complexities are crucial.

The optimal choice highly depends on your specific project and risk tolerance so keep that in mind. Hope this helps!