All Forum Posts by: Min Zhang

Hey Joseph, I focus on Columbus, OH, which has seen significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations here. This has led to rising property prices and increased job opportunities. I also own rentals in C-class neighborhoods, where you can find 3-bedroom single-family homes in decent condition for under $180k. Since you’re looking for short-term rentals, you’ll likely want to focus on A/B-class neighborhoods, where property values start at $250k and up

Hey Jeff! I am an investor here in Columbus. I recommend checking Real Estate Events & Meetups here on BP as well! Happy to connect with you!

@Makani Donaldson I believe $150-$300/mo cash flow is a great start. Most of my investor clients considered properties over 1% rule as reference. As long as you are getting your desired amount of cash flow after all of the expense then it should be good. Just make sure not to have zero balance on your account when buying your first deal. Best of luck!

Hey Rolayne! I recommend starting with a turnkey cash-flow rental property. This is one of the easiest ways to dip your toes into real estate investing and get a feel for what it’s like to be a landlord. It is already renovated, tenant-occupied (or ready for tenants), and generating income from day one. It allows you to skip the stress and time-consuming process of managing rehab projects and focus on the cash flow aspect. Once you’ve got some experience under your belt and have built a trusted team, that’s when you can start looking at value-add deals to really scale up your portfolio

Hey Grace! I can send you my go-to DSCR lender and a list of PM contacts in Ohio

@Tuan Tran I’d suggest reaching out to investor-friendly agents. They often have a solid network of trusted contacts like contractors, inspectors, and property managers that they can refer you to, which can help you hit the ground running. Another great way to find reliable people is by connecting with other investors. They can share recommendations based on their own experiences, which can really give you a sense of who’s trustworthy and who to avoid. Word of mouth can go a long way in finding the right people for your team. Good luck!

Welcome to BP Rebeca! Are there any specific neighborhoods you are targeting? I can also send you list of contacts to help you build your team. Good luck!

Since you won't be close to the property, a PM will help you take care of everything from far away. They can find and screen good tenants, so you don’t have to worry about them not paying rent or taking care of the property. The PM will also fix things when needed, using local handymen or contractors, and collect the rent for you. But you also need to check on them for updates so you know how your property is doing financially. They also handle legal matters, like making sure the property follows the rules or dealing with evictions if necessary.

For finding deals, I recommend starting by connecting with investor-friendly agents in your target market. They often have access to off-market properties which gives you less competition. Good luck on your RE investing journey Jemini!

Welcome to BP Javaria! 

@Tove Fox You can definitely find single-family homes north of $250k in A/B-class neighborhoods here in Columbus!