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New to Real Estate investing

Jihan Lee
Member since 2024 · 6 posts · 13 votes

 Hi everyone, 

I’m looking to come into a large sum of money soon so I’ve been using bigger pockets to educate myself to make few purchases on out of state rentals later this year! 

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Brandon GoldsmithBusiness Member
Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
2y

What strategy are you trying to target? @Jihan Lee

[email protected]614-963-3340
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  • Brandon GoldsmithBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2020 · 1k+ posts · 1k+ votes
    2y

    What strategy are you trying to target? @Jihan Lee

    [email protected]614-963-3340
    2Reply
  • Jihan Lee
    OP
    Member since 2024 · 6 posts · 13 votes
    2y

    I'm open to single family or multi family long term hold. If I had a strong local team I'm considering the BRRRR method but considering I'm so far away I would really need a solid team.

    0Reply
  • Jihan Lee
    OP
    Member since 2024 · 6 posts · 13 votes
    2y

    Current markets I’m looking at are Columbus Ohio, Raleigh Durban NC, Tampa/Orlando, Atlanta GA, Longmont Colorado. 

    3Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y

    Hey Jihan,

    If long distance investing interests you I think Columbus, Ohio is a great market to consider. I moved here from Florida after seeing the projected growth. Multiple, billion dollar companies are investing substantial amounts of money into our area, such as Intel, Google, and Amazon. Which in turn will bring plenty of other investors and general business to the area.

    [email protected]614-662-1652
    Reafco - Samuel Diouf528 Reviews
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    1Reply
  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    2y

    Good luck @Jihan Lee! I would also recommend attending a couple of in person meetups so you can increase your chances of learning more from others. 

    1Reply
  • Rob TennysonBusiness Member
    Irvine, CA · Member since 2023 · 16 posts · 7 votes
    2y

    Welcome! If you have questions about financing, feel free to reach out to me. 

    [email protected]714-400-2317
    C2 Financial560 Reviews
    WebsiteView Page
    0Reply
  • Jacopo Iasiello
    Investor · Miami Beach, FL · Member since 2017 · 362 posts · 109 votes
    2y

    Hi Jihan, this is nice, just join lots of free webinars here. Wish you all the best! 

    0Reply
  • Lateefah Mathews
    Realtor · Atlanta, GA · Member since 2021 · 239 posts · 120 votes
    2y

    Hey @Jihan Lee, Welcome aboard! If you're looking to invest OOS you should check out this Bigger Pocket Blog here: 
    Core 4 Members of a Profitable Long-Distance Real Estate Investing Team (biggerpockets.com)
    explaining what's needed and how to build your Big Four team so you will have boots on the ground ready to move full speed ahead when you're ready to pull the trigger. Should you decide on Atlanta, I'll be happy to assist. Good luck! 

    0Reply
  • Jessie Dillon
    Investor · Hopedale, MA · Member since 2021 · 321 posts · 212 votes
    2y

    welcome! exciting position to be in! please let us know if you need help with anything in particular :)

    0Reply
  • Simon Ashbaugh
    Realtor · Columbus Ohio, Cleveland Ohio · Member since 2022 · 849 posts · 830 votes
    2y
    Quote from @Jihan Lee:

     Hi everyone, 

    I’m looking to come into a large sum of money soon so I’ve been using bigger pockets to educate myself to make few purchases on out of state rentals later this year! 


    Hi Jihan, welcome to BiggerPockets! It's great to hear that you're interested to learn about out-of-state investing. For starters, I recommend that you identify your investment strategy, choose a market that aligns with it, and establish your Core 4.

    The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy. If you wish to know more, feel free to connect. All the best!

    0Reply
  • Rory Korpela
    Specialist · Longmont, CO · Member since 2016 · 30 posts · 17 votes
    2y

    @Jihan Lee

    Welcome to BiggerPockets. Your approach sounds fine. What is your current home market? I'm in Longmont and am curious how/why you landed on that as one of your options. It's not a bad choice as northern Colorado is in a state of steady population growth. Longmont is probably the "cheapest" option in Boulder County.

    What does your buy box look and what are your overall goals with your inheritance?

    0Reply
  • Jihan Lee
    OP
    Member since 2024 · 6 posts · 13 votes
    2y
    Quote from @Rory Korpela:

    @Jihan Lee

    Welcome to BiggerPockets. Your approach sounds fine. What is your current home market? I'm in Longmont and am curious how/why you landed on that as one of your options. It's not a bad choice as northern Colorado is in a state of steady population growth. Longmont is probably the "cheapest" option in Boulder County.

    What does your buy box look and what are your overall goals with your inheritance?

    I currently reside in Manhattan. I chose Longmont because like you said Northern Colorado is a growing market but also because of all the nature around it. I’m originally from Portland Oregon and loved how each season had an outdoor activity. Also Longmont is a bit more affordable and a bunch of new construction coming to the market. 

    My buy box is 2-3 bed with 2.5 bath. Anywhere from 1000-1400 square feet. 
    0Reply
  • Nadeem Alamgir
    Real Estate Agent · Member since 2023 · 831 posts · 577 votes
    2y

    Hey Jihan, former New Yorker here (Queens, NY). 

    What are you looking for exactly out of state? 

    If you're looking for an investor-friendly state, a low barrier to entry, and cash flow I would recommend checking out Cleveland, OH. 

    I moved from NY to OH because of the market and the opportunities it presented. 

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    2y

    Welcome to BP @Jihan Lee. It's a perfect place to start your real estate investing journey.

    Check out BP Podcasts: https://www.biggerpockets.com/podcast

    Good luck on everything!




    0Reply
  • Jihan Lee
    OP
    Member since 2024 · 6 posts · 13 votes
    2y
    Quote from @Nadeem Alamgir:

    Hey Jihan, former New Yorker here (Queens, NY). 

    What are you looking for exactly out of state? 

    If you're looking for an investor-friendly state, a low barrier to entry, and cash flow I would recommend checking out Cleveland, OH. 

    I moved from NY to OH because of the market and the opportunities it presented. 

    I’m looking for investor friendly state. Doesn’t need to cash flows immediately but looking for a good balance between cash flow and appreciation. I totally understand that cash flow might now happen for a few years. 
    1Reply
  • Nadeem Alamgir
    Real Estate Agent · Member since 2023 · 831 posts · 577 votes
    2y
    Quote from @Jihan Lee:
    Quote from @Nadeem Alamgir:

    Hey Jihan, former New Yorker here (Queens, NY). 

    What are you looking for exactly out of state? 

    If you're looking for an investor-friendly state, a low barrier to entry, and cash flow I would recommend checking out Cleveland, OH. 

    I moved from NY to OH because of the market and the opportunities it presented. 

    I’m looking for investor friendly state. Doesn’t need to cash flows immediately but looking for a good balance between cash flow and appreciation. I totally understand that cash flow might now happen for a few years. 

    Got it, so I focus on Cleveland, OH which is investor friendly state. Check out this link when you get a chance: https://www.doorloop.com/blog/landlord-friendly-states

    Would love to share more! 

    0Reply
  • Mary Smith
    Rental Property Investor · Member since 2021 · 385 posts · 197 votes
    2y

    Welcome to BiggerPockets! @Jihan Lee I can assure you that you've already taken one step in the right direction by joining this community that provides you with a wealth of resources to help you with real estate investing.

    0Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    2y
    Quote from @Jihan Lee:

     Hi everyone, 

    I’m looking to come into a large sum of money soon so I’ve been using bigger pockets to educate myself to make few purchases on out of state rentals later this year! 


     Welcome, Jihan; you're in the right place to learn! I see that you're considering Columbus; if you need any contacts here, let me know. 

    1Reply
  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hey Jihan, welcome to BiggerPockets! You're in the right place to learn about real estate investing. I have been actively buying single family value add rental properties in Columbus, Ohio for the past 2 years. Although I prefer multi-family because it cash flows better. Make sure you are not over-leveraged and have reserves in the bank. If you do that for a while you end up a millionaire pretty quickly. Let me know how I can help.

    [email protected]614-412-2912
    Reafco.512 Reviews
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    1Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    2y
    Quote from @Jihan Lee:

     Hi everyone, 

    I’m looking to come into a large sum of money soon so I’ve been using bigger pockets to educate myself to make few purchases on out of state rentals later this year! 


     Ohio and the midwest are great markets to look into for out of state investing. Columbus, Dayton, and Cleveland are great markets to be in!

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    2Reply
  • Benjamin Carver
    Real Estate Agent · Raleigh, NC · Member since 2019 · 311 posts · 289 votes
    2y

    Do you want cashflow or appreciation? What's your price range and preferred strategy?

    1Reply
  • Account Closed
    Realtor · Cleveland, OH · Member since 2023 · 340 posts · 215 votes
    2y

    Hi, well I am happy to inform you that Ohio's market will be a great place to invest. People are interested in investing here from all over the world. As an Ohio Realtor, I am definitely letting you know that investing here will be one of the best choices you ever made. Please contact me sooner than later. Thanks!

    Regina Blake-Ohio Realtor

    1Reply
  • Jihan Lee
    OP
    Member since 2024 · 6 posts · 13 votes
    2y
    Quote from @Benjamin Carver:

    Do you want cashflow or appreciation? What's your price range and preferred strategy?

    I would like a nice balance of both! Before I was into turnkey but now I’m thinking, if I have the team, why not BRRRR. I’ll be looking at properties under 200k. 
    1Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    2y
    Quote from @Jihan Lee:

     Hi everyone, 

    I’m looking to come into a large sum of money soon so I’ve been using bigger pockets to educate myself to make few purchases on out of state rentals later this year! 


     Jihan cash is always going to be king for real estate. I recommend looking in the Midwest in the IN and OH markets to re-invest your money into cash flowing assets. 

    I work with a ton of clientele from NY who love buying investment properties in the Columbus market for the growth and appreciation. Always happy to share resources and hop on a call to share my journey in real estate. 

    [email protected]614-802-5698
    ReafCo | Ahmed Group 539 Reviews
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    1Reply
  • Jacopo Iasiello
    Investor · Miami Beach, FL · Member since 2017 · 362 posts · 109 votes
    2y

    Hi Jihan welcome here! :)

    0Reply
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