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Isaac Yoshioka
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Out of State Investor wanting to build a team in Ohio!

Isaac Yoshioka
Posted Jan 19 2023, 14:47

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac

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Bernard Joseph S.
  • Investor
  • New Jersey
217
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149
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Bernard Joseph S.
  • Investor
  • New Jersey
Replied Jan 19 2023, 14:52

Oh boy, here comes the Ohio crew. Prepare to be inundated Isaac lol

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Brittany Minocchi
Pro Member
  • Lender
  • Massillon, OH
349
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716
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Brittany Minocchi
Pro Member
  • Lender
  • Massillon, OH
Replied Jan 19 2023, 16:09

I am in Ohio and also have buy and hold properties - happy to connect!

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Replied Jan 19 2023, 16:30
Quote from @Bernard Joseph S.:

Oh boy, here comes the Ohio crew. Prepare to be inundated Isaac lol

It’s glorious lol.  Can’t stop the OH love.  


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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,439
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3,673
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied Jan 19 2023, 16:47
Quote from @Isaac Yoshioka:

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac


 Hey Isaac, welcome to BiggerPockets! I invest locally in Columbus and have a list of PM's, contractors and lenders and my team primarily helped me to make the managing of these properties easier. If you need need to find a good neighborhood to start on, let's connect and discuss how I can help you out.

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Mike Hasson
  • Specialist
  • Columbus, OH
102
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110
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Mike Hasson
  • Specialist
  • Columbus, OH
Replied Jan 20 2023, 03:40

And while a home inspector may not be part of the "team" per se (since an inspection is usually a one-off sort of thing) you are trusting them to be your eyes and ears on the ground, and so I recommend to also find an inspector you can trust. 

Many investors skip the inspection or shrug it off and rely on a walkthrough with a contractor who writes up a bid - which is fine and works great for many folks - but a distinct advantage to a thorough inspection, is that the inspector is unbiased and is not incentivized by the size of the work order.

We'll give you the facts and then you can work it out from there, usually with the counsel contractor/realtor/seller/etc on how to proceed.

If you need a recommendation for an inspector in Ohio, or just want to talk real estate, please feel free to reach out

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Brett Merrill
  • Rental Property Investor
  • Ludlow, MA
46
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107
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Brett Merrill
  • Rental Property Investor
  • Ludlow, MA
Replied Jan 20 2023, 03:48

Welcome to BiggerPockets @Isaac Yoshioka. Looks like you're off to a great start. Good luck with your OH investing. Looks like a great market. 

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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
5,675
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4,978
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied Jan 20 2023, 06:03
Quote from @Isaac Yoshioka:

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac


I recommend you read this article on OOS investing. It explains the importance of creating your core four. You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

https://www.biggerpockets.com/...

I invest locally in Columbus, Ohio
  • Real Estate Agent Ohio (#2019003078)

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Harrison Chow
  • Real Estate Agent
  • Columbus, OH
349
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276
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Harrison Chow
  • Real Estate Agent
  • Columbus, OH
Replied Jan 20 2023, 07:38
Quote from @Isaac Yoshioka:

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac


Hello Isaac! I focus my investments in the Columbus area and have a network of property managers, general contractors, lenders etc. that I highly recommend. If you're interested in identifying a good neighborhood to invest in, let's connect and explore how I can assist you.

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Jayson Cain
  • Lender
  • Manhattan Beach, CA
264
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423
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Jayson Cain
  • Lender
  • Manhattan Beach, CA
Replied Jan 20 2023, 08:31

Hi @Isaac Yoshioka,
I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals. I've started looking at Columbus because my business partners have found success doing Mid Term Rentals there and the returns are solid.

I've also helped other investors with their DSCR loans and flip projects in Columbus. Happy to share my experiences and chat with you more if you're interested.

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Perla Slutzky
  • Rental Property Investor
  • San Jose, CA
15
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5
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Perla Slutzky
  • Rental Property Investor
  • San Jose, CA
Replied Jan 20 2023, 12:01
Quote from @Isaac Yoshioka:

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac


 Hi Isaac! I'm on the same boat as you. I'm coming to Columbus for a scout trip next week. I'm planning to see some properties, talk to property management companies and mortgage loaners. But mostly, get a sense of the city, the different neighborhoods and services. Feel free to connect with me if you'd like to know what I learned there. 

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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied Jan 20 2023, 13:31
Quote from @Perla Slutzky:
Quote from @Isaac Yoshioka:

Hey everyone!

I am wanting to start out of state buy and hold REI in Columbus Ohio. I am brand new to REI and have been studying for the past several months. And I am wanting to build my team (property managers, mortgage loaners, contractors, real estate agents). If anyone is open to helping and advising please let me know thanks!

-Isaac


 Hi Isaac! I'm on the same boat as you. I'm coming to Columbus for a scout trip next week. I'm planning to see some properties, talk to property management companies and mortgage loaners. But mostly, get a sense of the city, the different neighborhoods and services. Feel free to connect with me if you'd like to know what I learned there. 


 Would love to learn!

  • Real Estate Agent Ohio (#2019003078)

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Phillip Austin
  • Property Manager
  • Denver, CO
179
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196
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Phillip Austin
  • Property Manager
  • Denver, CO
Replied Jan 20 2023, 13:45

@Isaac Yoshioka I'd recommend looking into Evernest. They're a national, full-service PM company with an office in Columbus. They, also, have in-house agents who can assist with the transactions plus a network of contractors and lenders. Great folks at Evernest! Check them out.

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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
499
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852
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied Jan 20 2023, 19:30
Quote from @Bernard Joseph S.:

Oh boy, here comes the Ohio crew. Prepare to be inundated Isaac lol


 So true!

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Ruchit Patel
  • Bay area, CA
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380
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Ruchit Patel
  • Bay area, CA
Replied Jan 21 2023, 00:20

What are you trying to do in Ohio?

Buy and hold? BRRRR? or something else?

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Scott Allen
  • Real Estate Agent
  • Columbus, OH
347
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304
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Scott Allen
  • Real Estate Agent
  • Columbus, OH
Replied Jan 23 2023, 09:56

@Isaac Yoshioka

The right investor friendly agent should be able to help you piece everything together as well as provide you with more referrals if you want to mix people up within your core four. Sounds like you're trying to build your core four already - I would recommend starting with a solid agent and build from there. 

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