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All Forum Posts by: Zeke Liston

Zeke Liston has started 2 posts and replied 1544 times.

Post: New Member in Shasta County, Redding area of CA.

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

Hello BP! I'm located in Shasta County CA and have been engulfed by the BP audiobooks, podcast and such! I don't have any investments yet mostly because my wife and I just got married and bought our primary residence. Wishing I had bought a duplex or really any piece of property straight out of high school for a jump start but here I stand. 

I have had a hard time getting started and am anxious to get my first deal. I'm thinking of a BRRRR deal but having just bought the primary, probably wont be able to go with conventional financing anytime soon but maybe!

We have a decent amount saved up and have thought about doing a out of state deal but might be good to do a deal near me to start out. 

What do you all think? Think I should just wait it out or dive straight in? Any advise of what a beginner should do?


Hey Cecil, if you're anxious about getting started, I would likely recommend starting off with something more turn-key and then doing a BRRRR for your second deal once you establish your systems and get a good team in place.

Post: Brand new investors

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

Good morning.  My husband and I are brand new investors.  We just closed on our first investment property yesterday.  It will require some work but we are extremely hopeful and excited.  We know it won't be easy and will take some work but we can get it done.  


 Congratulations on the closing, Lacy! 

Post: never too late to invest in real estate

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Fred Boyle III:

I had 1 rental property in the past, thought this would be the starter rental to my portfolio ended up being a money pit and drove me away from real estate investing.  want to get to a point that I am living off unearned income and not earned income.  I have to start somewhere, so my plan is to find first property within the next 3-4 months.  


 Sorry to hear that, Fred. Real estate can be tough with the wrong deal. I would highly consider house hacking if that's an option for you. 

Post: Out of state Investing

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

The numbers look too good in Ohio to pass up! I’m interested in Cleveland, Akron, Canton. Can anyone share their thoughts! Cleveland is number 1, does anyone have experience there! Thank you! 


 Hey Geoffrey, I invest in Cleveland and love the city because it cashflows, but it's also a growing city. There is a lot of potential for growth. Akron and Canton may cashflow a bit better but I personally don't see as much of long term growth in those cities. 

Post: Just starting out..how to invest $50-$75K?

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

I would like to start my REI and not sure how to move forward. I have access to $50-$75K to start. I own my own home for the past 15 years. Have 780+ credit. I am self employed though so not consistent income. I'd like to get into a duplex or something, but don't want to live at the property. I'd like to invest in my own area (So Cal), but if not feasible I'm willing to find something out of state. Also I am open to either start doing wholesaling too if that gets my feet wet and start bring in some cash. My goal is to get good cash flow and possibly flip short term to cash out. I


Hi Khu, if you wouldn't mind moving, I would suggest doing a house hack. If you'd like to stay put, I would look into a DSCR loan and potentially invest out of state. Ohio has some great options.

Post: Advice for Entity formation (Reside in CA, investing out of state)

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Melody T.:

I'm looking to better understand how folks who live in CA structure their investment entities that are out of state. I'm looking at some investments in OH and will create a LLC there to own the property, but I can't quite figure out how (or IF) I can avoid registering the entity (as a foreign entity) in CA, where I reside. If I'm required to do that (which I think I may be) I'm going to have to pay $800 state franchise tax every year, for each LLC. There has to be a better way. Any input would be appreciated. Thanks


I'm not an attorney but you should be able open an Ohio LLC.

Post: New to real estate investment

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Cédric Le May:

Hello everyone, just started my journey to invest in rental properties but I am working full time so for now, I am just reading articles/forums, watching videos online and trying to learn as much as I can before investing. So far, I was not lucky, I am using DealCheck to see if potential properties could be the ones to invest on but the cash flow is always negative (rental or BRRRR)... I am guessing this is the most difficult part, to find the right property and break even. Also, OC is pretty expensive and I was wondering if I could invest out of state, like in Arizona for example. Bear with me while I am learning. I am looking forward to knowing more here and buy my first asset !


 Welcome to BP, Cedric. 

Post: New Member - Michael Torku

Zeke Liston
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 1,622
  • Votes 1,498
Quote from @Wayne B.:

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.


 Hey Michael, nice to meet you. I'm an investor and realtor in Ohio. 

Post: Newbie Seeking Growth

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

I am a veteran that is new to real estate investing and the greater San Antonio market. Looking for recommendations on the best way to find properties (distressed, tax delinquent, etc.), reputable contractors, hard money lenders, and wholesalers. I read it is best to get a Team and I am attempting to grow that Team. Thank you for the time and consideration of your replies. 


 Hey Tyren, thanks for your service. I would connect with an investor-focused agent. A good agent will be able to connect you with the right team and find you the right deal. 

Post: New Section 8 Investor in Ohio

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

Hey Everyone,

I'm a new out-of-state investor steps away from purchasing my first investment property in Akron, Ohio to be rented on Section 8. I already have a pre-approval letter and now looking for a great agent, property manager, contractor, and friend/mentor. Any advice or recommendation would be absolutely appreciated!

Best,
Matin


 That's great, Matin. My sister-in-law went to school in Akron. It's a good city for cashflow.