Best way to get into real estate in Ohio

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Best way to get into real estate in Ohio

Adam Leonti
Member since 2019 · 9 posts · 6 votes

I’ve been wanting to get into the real estate world for about 2 years. I’m wondering if the best way to start out. I’m interested in wholesaling, although it seems there is controversy on the legality of it in the state of Ohio.

A little about myself I’m currently a college student and am already dreading having to work the 9-5 life. Would love for someone take me under their wing!

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Marc RiceBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
5y

@Adam Leonti I currently live in Columbus, OH and highly recommend it as a good entry market. It has lower purchase prices which means lower barriers to entry. If you're looking to own property here it is great. If you want to wholesale here it also would work since there is a lot of demand, but if you really want to avoid the 9-5 life you'll need to own rentals to build wealth and passive income. 

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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Adam Leonti I currently live in Columbus, OH and highly recommend it as a good entry market. It has lower purchase prices which means lower barriers to entry. If you're looking to own property here it is great. If you want to wholesale here it also would work since there is a lot of demand, but if you really want to avoid the 9-5 life you'll need to own rentals to build wealth and passive income. 

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Adam Leonti:

    I’ve been wanting to get into the real estate world for about 2 years. I’m wondering if the best way to start out. I’m interested in wholesaling, although it seems there is controversy on the legality of it in the state of Ohio.

    A little about myself I’m currently a college student and am already dreading having to work the 9-5 life. Would love for someone take me under their wing!

    You should get your real estate license. 

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    5y

    The easiest way to get into real estate in my opinion is to house hack. Another great option is to get your real estate license and find a mentor to learn from. Best of luck! @Adam Leonti

    [email protected]614-963-3340
    4Reply
  • Adam Leonti
    OP
    Member since 2019 · 9 posts · 6 votes
    5y

    @Remington Lyman thank you. Would I be able to do that on the side along with my career?

    2Reply
  • Brandon SturgillBusiness Member
    Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
    5y

    @Adam Leonti wholesaling is an industry of folks that have never learned to structure a deal for themselves...it's brokering without a license, and its fairly complex...at the end of the day, 90% of wholesalers are assigning crap properties in crap neighborhoods for a couple thousand bucks...nothing personal, but the wholesale industry is a trap...sure, a former NFL douche can promise you the world to sign up for a free course with a $1,000 upsell at the end...but that is not helping anyone.

    What are some of your goals?...asset class, condition, and location?

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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    5y
    Originally posted by @Adam Leonti:

    @Remington Lyman thank you. Would I be able to do that on the side along with my career?

     It will become your career. You will not have to do the 9-5. If you have solid work ethics you will make more money than you ever could working a corporate job.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Adam Leonti
    OP
    Member since 2019 · 9 posts · 6 votes
    5y

    @Brandon Sturgill thanks for the info Brandon. My long term goal is to make enough in real estate to retire early and travel. I’m thinking that will be through rentals since that is consistent passive income. Not sure how to get started doing that either.

    0Reply
  • Ryan Mainwaring
    Rental Property Investor · Blacklick, OH · Member since 2016 · 286 posts · 253 votes
    5y

    @Adam Leonti Congrats on staring early.  Here are two link to 8 steps to buying your first rental property:


    https://www.instagram.com/p/CKCvwXjhhCS/?utm_source=ig_web_copy_link

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

    In columbus, house hack would increase your odds of finding a property in Columbus because your margins would be greater other buy and hold investors.   

    2Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y
    Originally posted by @Adam Leonti:

    I’ve been wanting to get into the real estate world for about 2 years. I’m wondering if the best way to start out. I’m interested in wholesaling, although it seems there is controversy on the legality of it in the state of Ohio.

    A little about myself I’m currently a college student and am already dreading having to work the 9-5 life. Would love for someone take me under their wing!

     Hi Adam, the best way to start in Real Estate if you don't have any money is to cold call and try to find deals! I would also try to house hack a property. 

    1Reply
  • Brandon SturgillBusiness Member
    Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
    5y

    @Zeke Liston don't forget to follow that with: The law protects you by requiring cold callers to follow several rules: ... Cold Caller must avoid calls to you if you are on the National “Do Not Call” Registry managed by the Federal Trade Commission.

    FTC fines are no joke.

    937-979-7000
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    1Reply
  • Brandon SturgillBusiness Member
    Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
    5y

    @Adam Leonti Here is an example...I spoke with a guy who responded to a marketing campaign...he started buying duplexes around 30-years ago...he bought about one about every year...I know this is a stretch, but even if you buy at half that pace...or 30% of that pace....we valued his portfolio at $8m...just on the value, not including the years of income and deductions...

    I guess the point is stick to fundamentals. Whatever path you decide is best. I can tell you that wholesaling is not going to gain you a portfolio of properties you can count on for retirement income. 

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  • Adam Leonti
    OP
    Member since 2019 · 9 posts · 6 votes
    5y

    @Brandon Sturgill what exactly is cold calling? I’ve never heard of it.

    0Reply
  • Brandon SturgillBusiness Member
    Real Estate Broker · Columbus, OH · Member since 2013 · 3k+ posts · 1k+ votes
    5y

    @Adam Leonti It's basically the most annoying thing one human can do to another human. You get a list of phone numbers and just start calling people...that's it. And if you do not do it by the books its illegal and you get fined by the Feds. If you are a repeat violator, you go to prison...but in reality it's pretty easy to do it correctly and legally. But its still just calling a bunch of people you don't know. Dinner is usually the best time to call so they get really pissed and hang up on you.

    937-979-7000
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  • Adam Leonti
    OP
    Member since 2019 · 9 posts · 6 votes
    5y

    @Brandon Sturgill i see. Doesn’t sound very appealing.

    0Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    5y
    Originally posted by @Brandon Sturgill:

    @Zeke Liston don't forget to follow that with: The law protects you by requiring cold callers to follow several rules: ... Cold Caller must avoid calls to you if you are on the National “Do Not Call” Registry managed by the Federal Trade Commission.

    FTC fines are no joke.

    Thanks, Brandon! 

    1Reply
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