Who wants to help?

[Ryan Welsh]

Hello all,

My name is Ryan, i currently live in the Bay area and work as a Police Officer in San Francisco. Ive been trying to read and learn as much as i can over the past year while building up my capital and working lots and lots of overtime. I have my sights set on Ohio as a potential area to start my investing journey. Looking to use the BRRR method. the area seems to be cheaper and less volatile which makes it enticing for a first time investor. Im looking to connect with anybody with some roots in this area as i have much to learn about the market. I feel i can only get so far by endlessly scrolling Zillow and breaking down deals with numbers i don't even know are accurate. Here are some of the questions i have. What is one way to improve estimating rehab costs? What are some good examples of recent deals that have been made in this area? What is a ballpark number for buying a house under market value in this area? And what are some tips for beginner investors getting comfortable with spotting good deals and/or things that instantly make you walk away from a deal? Answers to any and all questions are welcome or any other tips for a newbie. Thanks guys!

[Peter Dorinsky]

Quote from @Ryan Welsh:

Hello all,

My name is Ryan, i currently live in the Bay area and work as a Police Officer in San Francisco. Ive been trying to read and learn as much as i can over the past year while building up my capital and working lots and lots of overtime. I have my sights set on Ohio as a potential area to start my investing journey. Looking to use the BRRR method. the area seems to be cheaper and less volatile which makes it enticing for a first time investor. Im looking to connect with anybody with some roots in this area as i have much to learn about the market. I feel i can only get so far by endlessly scrolling Zillow and breaking down deals with numbers i don't even know are accurate. Here are some of the questions i have. What is one way to improve estimating rehab costs? What are some good examples of recent deals that have been made in this area? What is a ballpark number for buying a house under market value in this area? And what are some tips for beginner investors getting comfortable with spotting good deals and/or things that instantly make you walk away from a deal? Answers to any and all questions are welcome or any other tips for a newbie. Thanks guys!

Hey Ryan, if you plan on investing out of state I'd recommend starting by building your core four: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

In terms of estimating rehab cost and finding deals, connecting with local professionals in the market you plan to invest is a good plan of action. Find a contractor who can give you estimates for rehab costs and connect with an investor friendly agent who can source you deals both on and off the market. I'm a Columbus native and I'd be happy to talk to you more about the Ohio markets if you're interested in learning more.