All Forum Posts by: Zeke Liston

Can you use a Helco to buy an investment property in ohio. If so what would that look like. Being a Helco and I'd be buying a property and adding debt to the helco.

Hello,

I was approached by a temporary housing company. My property is currently listed for rent at $1700/month as a long term rental (1 year lease) in Columbus Ohio (43219). The housing company is looking for a 6 month lease for a family who was displaced from their home and are looking for a 6 month lease. They mentioned that they are willing to pay a premium for a 6 month lease that most property owners charge.

My question is what would be an appropriate premium for a 6 month lease if I am asking $1700/month for a 1 year lease? I have no experience with temporary housing companies, but I know the rent would be guaranteed and paid directly by the insurance company which makes it attractive to me, then again I will have to look for new tenants in 6 months. 

Thank you,

Inga

Hello Bigger Pockets Bay Area Community,

I'm excited to embark on my "house hacking" journey here in San Jose! As a novice real estate investor with one rental property out of state, l'm eager to explore opportunities closer to home.

My plan involves "house hacking" by seeking out properties with ADUs or detached structures that can be converted into ADUs. To facilitate this, I may need to secure an FHA 203k loan for the ADU conversion process.

Since I'm a single individual, my strategy involves residing in the ADU while renting out the main home- whether it's room by room or as a whole —to other tenants. To navigate this process successfully, I'm on the lookout for investor-friendly real estate agents who can provide valuable guidance and support.

Im interested in move in ready, fixer uppers, multi-family, or sub-to/creative financing deals.

With my current lease expiring in October, l'm aiming to make a purchase around October or November. I'm eager to connect with experienced professionals who can help me realize my goals.

Let's discuss further and explore the possibilities together.

Looking forward to connecting!

Best regards,

Timothy

I am in California and my goals are to purchase out of state rentals. One of my issues is I am not sure what the neighborhoods are like at the properties I find on-line.  Does anyone have an idea how I would find out if the neighborhood is good or not?  And help or suggestions would be appreciated. thanks

Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my REAL goals. I have wanted to do a flip for a while but have been unsure of how I should go about raising the capital. I have 720-760 credit and almost 25k in assets. My main issue is employment history. This makes it to where I will not qualify for a traditional loan. The property I own now has roughly 30k of equity in it with an interest rate of 5.8% I guess my main question is do I tap into the equity of my home to try and do this flip? I also would like to have a better primary residence. I am willing to put off a flip to move into a nicer primary. I just do not know how I would be able to get financing for another primary residence without qualifying traditionally besides a private money loan or hard money. I unfortunately do not know of any private money as I am sure a lot of us are in the same boat on that one! and hard money would be too expensive, Am I missing anything guys??? I appreciate all the help in advance and please feel free to ask me to clarify further on certain things!

hello all

so as the topic say i want to buy a course that teach me how to virtually buy real estate and rent it out

i searched and found "The Virtual Investor's Guide to Out of State Rental Property" from investwithace that in 600$

but i wanted to ask if there is other options or any other guy that have a course online so i can learn more on investing and buying rental properties, as i dont live in usa and i want to work from abroad and i dont want to visit any of the properties my self

i want to learn the best way to do it

so i really appreciate if you guys can guide me here

thank you so much

Interested in Columbus as well. Any agents out there that can help me with a MLS feed of seller financing 1-4 properties? Im not working with anybody in this market at the moment.

I built up my runway and have the skills to buy and rehab in a desirable area near where I live and work and then hopefully rent two rooms out to roommates while saving for my next house.

I’ve been watching the market for two years now and know which houses are good, what they will go for, and how quickly. My LCOL city is one frequently targeted by out of state investors and the good finds are snatched up within 24 hours of listing.

My cousin is a part time real estate agent. He doesn’t share my urgency. I can’t get showings or offers in on time to compete with seasoned investors.

I didn’t realize it would be this difficult. I want to be able to say “I want this house, this is my offer, here are my negotiables/leverage” and have it happen immediately.

Do I need to get my own license to accomplish what I’m trying to do? If not, how do I get my cousin to do what I need him to do? Or, how do I break up with him, and what am I looking for in a new agent?

Appreciate your advice.

Hi, I am new here, new in RE in general, and I have a question, if there is anyone local from Akron I would highly appreciate the input. I am in FL looking to buy an investment property in Akron, the University area called my attention because of the need for housing for the students but in the neighborhoodscout crime website it tells me that area is so high in crime that makes me think twice about investing there. The fact that I am out of state makes it even more difficult because I am a single mom of 2 toddlers so I can’t go there physically before making a decision. I got a RE agent (referred by the lender) but she doesn’t seem Knowledgeable at all. So I need to find another one but in the meantime would like opinions, ideas. I basically wanna know the rental occupancy rate in that area. 

Has anyone here moved out of state to start brrrr or house hack? If so, can you share your experience? I will be thankful. I live in san diego ca and plan to move to chicago to buy a triplex and make brrrr in the future.