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All Forum Posts by: Zeke Liston

Zeke Liston has started 2 posts and replied 1544 times.

Post: Buyers agent and property managers in Ohio

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Jagpreet Singh:

I'm currently exploring property investment opportunities in Ohio and actively seeking a buyer's agent to collaborate with. Ohio has emerged as a primary focus in my extensive search across various states (I have looked into many states). My goal is to establish valuable relationships with key players in the area, including agents, property managers, and contractors. With plans to make an investment within the next three months, I'm eager to engage in discussions about my strategy and appreciate any constructive feedback. Building lasting connections in the Ohio real estate market is a priority for me.

Feel free to reach out with your credentials and I will follow up as soon as possible. Ideally, an agent and/or property manager experienced with out-of-state investors (I'm in NY), actively investing themselves, and capable of sourcing off-market deals for BRRRR opportunities.

Thanks!


 Ohio is a great market to invest in. I'd be happy to share some recommendations for contacts here. 

Post: Hello from California!

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Komal Sekhon:

Hello, 

24 years old, BS in Biology and MS in Viticulture/Enology, Soil and Crop Scientist. First time I've had significant savings and looking at investing out of state. Can use all the help/guidance I can get! 

Thanks


 That's great, Komal! I would first consider the right out of state market for you. Columbus Ohio is very landlord friendly and has reasonably priced properties. It's also one of the top growing cities in the nation. 

Post: Hey BP Community!

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Corey Carvalho:

Hey hey! Just dropping in to introduce myself to the community! I recently moved to Buffalo, NY, where I'd like to be long term. I've owned a rental property before in Ohio and I'm looking to build my rental portfolio in the Buffalo area. I love meeting people and connecting, so please don't be shy.

Looking forward to being part of this awesome community.


 It's great to have you, Corey! If you have any invesor questions, I'd love to help however I can. 

Post: Columbus, Ohio - Tertiary Markets

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Jason Allen:

It's no secret that Columbus, Ohio was named the 3rd hottest Real Estate market by Zillow for 2024 - https://www.nbc4i.com/news/local-news/real-estate/columbus-n...

This shouldn't be a surprise with so many fortune 500 companies like Intel, Google, and Wells Fargo investing Billions in Columbus

- https://www.10tv.com/article/news/local/road-improvements-be...

- https://ohiocapitaljournal.com/2023/05/08/google-is-building...

https://www.dispatch.com/story/business/2023/12/12/wells-far...

But I am constantly asked, "where are the deals?" While the 1% rules and deals with significant equity have become increasingly difficult to find within the 270 outer belt, there are an abundance of these deals to be found both off and on market in the Columbus' Tertiary Markets. For instance, Intel's $20 Billion investment is in Licking County (see link above - well outside the 270 outer belt). Many of locals are against the new developments and want to keep the potential cash on cash return a top secret. While others understand the development and influx of "out of state money" is inevitable. The locals who realize that this IS inevitable have been cashing-in and seeing absurd returns on their investment. While you can never lose selling at a gain, what are the ones who are selling potentially missing out on by selling this early? Well, just the potential appreciation that could be seen with the 20,000 new jobs Intel is predicted to bring in with an average salary of $135,000 a year (currently over 2x the median house hold income in Licking County) - https://www.axios.com/local/columbus/2022/01/24/mega-intel-c... So, after Intel finishes its $20 Billion investment, there will be an additional $2.7 Billion paid to the employees every year after ($135,000 average salary x 20,000 predicted jobs). I can only imagine the appreciation that will come after the factory is complete.


 Great information, Jason; thanks for the insight. 

Post: Exploring investment property as an OOS investor

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Jin Mook Choi:

Good morning!

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.

I have been learning these two markets are appreciating and have a good cashflow.


As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.

between these two markets, which ones are suggested?


also, I am exploring different funding options including HELOC, HEL, etc.

Given current rates are quite high and sticky, how do you recommend to utilize these funding options? Ideally, I would like to minimize the time window to pay off the loan which will be used in funding.

any kind of insights you could share will be greatly appreciated.


thank you!


 Both are good options. You'll find lower-priced homes in Cleveland that will typically cash flow better, and you can typically expect higher appreciation in Columbus. I would also put higher consideration into the market where you can build the best team. 

Post: Out of State Investing in Travel Nurse Rental Multifam

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Quiana Berry:

As a newbie I am facing analysis paralysis on where to start my midterm investing journey. In NYC starting a midterm rental business is super expensive unless it's done upstate hence why Albany came on my radar. Also according to Furnished Finder its 5th in the state and there are 133k+ searches in the last 12 months and only 365 homes available. This seems like a lower competition market to start in, anyone have success they cna speka on? Also I saw a turnkey property selling for 459k and it is already on Furnished Finder. Wondering if that's a good deal. Any tips appreciated


Hey Quiana, it's hard to tell if that's a good deal or not without reviewing the numbers and comps. I would try to run some comps on Zillow or Redfin. If you're considering out-of-state investing, I would consider the Columbus, Ohio, market. There are good opportunities for MTR and STR rentals here at a much more approachable price point. Good luck!

Post: Reafco's Quarterly Meetup

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498

Great meetup with lots of great connections in the Columbus market. Looking forward to it! 

Post: Vinyl siding contractors in Columbus OH?

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Matthew Schwersenska:

Good Morning BP members, I'm trying to get quotes for vinyl siding on a rehab project in Columbus, Ohio. However, I'm striking out - anybody giving me a quote just ghosts me when I try to lock in the work. Did anyone know of a siding contractor that will provide an estimate and then complete the job? I appreciate the help!


 Ouch, that's the worst. I have some recommendations I'd be happy to send your way. 

Post: Investing in long term rentals out of state

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Aruna Abdool:

Hi. I'm in NY, which is not a landlord-friendly state, so I'd l like to invest out of state. What have you encountered investing in a state other than the one you reside in? How did you work to establish trust with the team on the ground?


 Hi Aruna, trust can take time, but backing and experience help. I would reach out to several agents who have good reviews and try to pick their brains about their market. A good agent will also be able to connect you with the rest of your team (contractors, lenders, lawyers, etc). Hope this is helpful. 

Post: Searching Ohio for multifamily deal and commercial financing

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Betzabeth Romero:

Relatively new here and looking for some advice. We have approximately $300k of 1031 exchange money to invest in a small (4-10 units) apartment complex in either Cleveland or Columbus. Looking for something in the $400k-900k price range in a C+ or above neighborhood. No major rehab, but we are ok if there is light cosmetic work needed. We understand that Cleveland will likely yield more cash flow while Columbus will probably appreciate more in value with less cash flow. First, if anyone is aware of any off market deals that fit our criteria, please send them my way. Second, if any of you know of a good commercial lender in Ohio then please send me their contact information. Finally, any general advice regarding each of those markets would be much appreciated. Thank you!


 Hi Betzabeth, I've got a list of lenders that I'd be happy to share with you. I also have some off-market deals I can send your way if you'd like.