All Forum Posts by: Simon Ashbaugh

Hey Joshua, welcome to BiggerPockets. This is the perfect place to start learning and building connections for your real estate goals. Try to attend your local REI networking groups and meetups to connect with fellow real estate investors. Lenders and brokers can also help out in finding a suitable real estate mentor so feel free to ask whenever an opportunity comes. Building your network takes time and consistency so be real in your interactions, share your goals and don't be shy about giving back. Its always a two-way street. Hope this helps.

Hey Richard, mentors provide valuable guidance on neighborhoods, market trends, and specific challenges within the area. They also bring along a network of professionals including real estate agents, property managers, and contractors. Establishing your own team on the ground becomes easier with access to this network.

Choose a mentor who is aligned with your goals. With their experience in navigating the challenges of investing, they can help you avoid common pitfalls, provide you with a roadmap for success and save you from potentially costly mistakes. 

Hey there @Jose Solis, Columbus is a standout choice. The city has been experiencing impressive property appreciation surpassing the national average. Plus, Ohio's landlord-friendly reputation really boosts its overall appeal. It's an enticing spot for anyone wanting to make strategic moves in the real estate game. Always happy to connect and help out whenever I can.

Hey Hector, I'm on the same page as John regarding the water bill and the inspection. Proceeding without a thorough inspection due to the water bill could pose significant risks. Unforeseen issues might lead to long-term costs, so it's crucial to factor this into your decision.

Consider renegotiating with the seller to see if they could contribute to the water bill cost. Living in the property not only offers a firsthand understanding of its condition but also aligns with the principle of doing your due diligence. Being physically present can reveal nuances not apparent during a standard inspection, providing valuable insights for your investment plans.

To navigate this successfully, prioritize meticulous due diligence. Assess every aspect of the property, including potential repair costs and any outstanding issues. Hope this helps!

Hey Marcelle, welcome to BiggerPockets! This is the perfect place to start learning and building connections for your real estate journey. I highly suggest that you 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. Consider how you can add value to the mentor-mentee relationship by leveraging your strengths. Keep in mind though 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!

 Welcome to BiggerPockets @Dielita McKnight, this is the perfect place to learn and build connections for your real estate journey. I highly suggest that you 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. Consider how you can add value to the mentor-mentee relationship by leveraging your strengths. Keep in mind though 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 Travis, that's an impressive range of interest in real estate. Covering everything from long-term rentals to short-term rentals, flips, mobile home parks and storage units definitely covers a lot of ground and building connections is wise move and those are beneficial to your real estate journey. 

The BP community filled with knowledge and support so you'd find it very helpful. All the best!

Hey there Michael, I'd say check what similar places are charging on Airbnb around Holden Beach. See how often they're booked. Think about busy times and events. Adjust your pricing. Highlight what makes your place unique, like that cool playground. Look at the AirDNA vacancy rate and local demand and adjust pricing if needed. Calculate short-term vs. long-term potential, considering cleaning and maintenance. It's a bit trial and error so be flexible with things. Hope this helps!

 Hey there David, welcome to BP! I'd say it really comes down to what you're aiming for. If you're seeking a reliable income stream, consider checking out Cleveland. 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 is the place to be. The appealing aspect here is the ongoing population growth and other economic factors.

Hey there Daniel, your diligence in researching and establishing connections is a strong foundation for success. However, you have to strike a balance and avoid succumbing to analysis paralysis. While thorough research is essential, there comes a point where taking informed action is equally crucial. It will always depend on which market you're going to, the real estate market in the US can vary greatly from city to city and even from neighborhood to neighborhood. It is important to do your research and understand the market in the area where you are planning to invest before you make any decisions. Set specific milestones and deadlines for each phase of your research and decision-making process. This will help you stay focused and ensure that you progress steadily toward your goal of acquiring your first rental property. Start with a small investment. Don't put all your eggs in one basket and reinvest your profits as you go. Hope this helps!