Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alfath Ahmed

Alfath Ahmed has started 21 posts and replied 789 times.

Post: What has been your experience with out of state investing?

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Alyssa Dinson:

Hi everyone, 

I live in California and have been meeting a lot of investors who prefer to invest out of state due to California being so expensive as well as the aggressive tenant protection laws we have here. I have heard both the good and the bad sides of investing out of state and so I am curious to know what other's experience has been?  I have mostly heard about LTRs specifically in Indiana, Alabama, Texas, Michigan, and Ohio but I am open to hearing anyone's experience anywhere. Would really like to hear your thoughts!


 Hi Alyssa - I see a ton of investors looking into the Columbus market. There has been significant growth over the last 3-5 years with booming businesses and real estate sectors. Companies like Intel, Amazon, and Google are investing here.


I own a majority of my investment properties in Columbus and some in Dayton. I'm currently doing a ton of BRRRR's and recycling my money to buy more investment properties.

Post: Real estate partnership, need to register in multiple states

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Sharad Bagri:

We are a few friends from California looking to invest in multi family real estate in Ohio. Initially, we were thinking to make an LLC. For LLC, we need to register in Ohio and California. If we don't go the LLC route for now and just make a general partnership, will we have to register the partnership also in both Ohio and California?
Also, for a general partnership, how do we report the taxes. Is it by filing 1065 and generating K1's or is there more to it?


I recommend making an LLC since there is so much benefits to it. I can recommend you to my attorney who can do this for you.

If you don't want to use an attorney, you can make an LLC through the secretary of state website https://www.ohiosos.gov/businesses/information-on-starting-a...

or other software platforms like zen business and rocket lawyer. 

Post: Selling portfolios of properties... use agents or loopnet or another strategy?

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Michael Wentzel:

We went from zero to over fifty rental properties in about 10 years. Overall real estate investing has been a very good business for us in the form of cash flow and equity. But it is time to scale back to give us more time to focus on our family and some other projects.

So now we are in the process of selling 9 properties in Colorado and 7 properties in Ohio. We have listed them with real estate agents we like and have used other transactions. But I wonder if I should also list them on loopnet or crexi. Is that worth it? Can I do that as an owner? Or are there other strategies to get the properties in front of investors?

Mike


 It depends on the type of portfolio you have. It is a slow time in the market overall with the holidays this month and next. I would have personally waited a bit to list in the spring when things are hot and everyone is over-bidding. 

Crexi and Loopnet will definitely expand your horizon for outreach but I just don't know it if it is worth it if your properties are primarily smaller residential properties. 

Post: New to Real Estate, Interested in Wholesale

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Briant Rivera Arroyo:

Hello everyone, I'm relatively new to the Real Estate scene, I've done some research and have concluded I am interested in wholesale to begin my journey. I am trying to do this the right way, so with this post I inquire for advice on getting started. Anything helps, as I would like to expand my knowledge on Real Estate all together. I hope everyone is having a good day.

Best regards, Briant R.


 As Remington mentioned above, I would be cautious while wholesaling since so many wholesalers try to go around without disclosures and simple contracts. It is overall better to get a real estate license with the correct education. 

Post: Investing in Bremerton, WA?

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Erik Osland:

Hi,

I'm new to this site and real estate investing in general. I have been poking around here to get a sense of what people think about this. I found some older posts, but I'm not sure if they're relevant anymore.

I live in Seattle and I'm looking for a long-term investment--not flipping or even looking for immediate cash flow. I'm comfortable putting up to roughly 100k down--which doesn't get you much in the Seattle area. That said, I'd rather have the property close by so I can swing by to check up on any issues or do minor repairs. I will hire a property management company, but I don't necessarily want to rely on them for everything. I considered Tacoma, but the properties out there tend to be expensive, and rent isn't exceptional from what I've seen. SFHs usually only rent for a few hundred dollars over the mortgage with 20 percent down. And I'm unlikely to find a multi-family for 100k down.

So, I've been looking into Bremerton, WA. There are occasionally multi-family homes available for about $400k that have rent in the range of $3k+ for all units combined. I'm having a little trouble tracking down property value and rent trajectories. From what I could gather both are increasing as is most of the greater Seattle area. On paper, it seems to check most of the boxes for me.

Does anyone know of major downsides with this market?


 Hi Erik - Good start for sure. I see a ton of investors that like to invest in the midwestern markets because the cashflow and appreciation are so strong. I see a lot of investors looking in the Columbus market since a lot of the major tech companies are investing there. 

Post: Looking into purchasing a rental property Dayton, Ohio out of state

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Mitchell Truong:

Hello and thank you in advance for any advice! I'm really new to investing out of state. I'm looking into purchasing a rental property in the Belmont area of Dayton, OH and wanted to get any insight for this market as it seems concerning that the average rent is higher compared to the actual costs of houses in the area. Wondering if the vacancy rate is higher in the area as it seems more advantageous to just buy a house and pay mortgages rather than renting. Thank you again for all your time! 


 Hi Mitch - are you trying to say that the rent is stronger compared to other markets compared to the cost of the house? If so, yes Dayton rents follow the 1% to 1.3% rule. Sometimes even higher. Lots of major developments going on over there with the new Honda Plant, airforce museum, and University of Dayton. 

I personally own property next to the university and love investing there. 

Post: New Real Estate Investor Here!

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Marie Paul:

Hello Bigger Pockets!

My name is Marie and I'm currently making my way out of nursing. My son just joined the Navy and now that I’m an empty nester I want to make a shift and bet on myself! I’m eager to connect with individuals who are experienced in real estate investing so I can grow and develop on this new path. I’ve been educating myself and would like more knowledge and a deeper understanding of the real estate world. The strategies I’m currently focused on are wholesaling, flipping and rentals. However, I’m open to all strategies. I live in North Carolina by way of New Jersey. I'm interested in opportunities in and out of state. 

I’m looking forward to learning and building relationships within this space and beyond.

I’m so excited to start this new journey!

Thank you for reading!


Hi Marie! Congrats on getting started in real estate investing. It is going to be roller-coaster of fun for sure. There is so much to learn with strategy, tax advantages, cashflow, and systems. Enjoy the ride. I think the easiest way to scale for you would be to start with a turnkey single-family or a light value-add BRRRR in a good market.

Post: Looking for Investment Guidance in Cleveland!

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Pooja Ramchandani:

Hey everyone!

My husband and I recently moved to Hudson, just south of Cleveland. We are looking to invest in A/B neighborhoods in the Cleveland area and would love some recommendations on which areas to focus on.

Additionally, we're on the lookout for realtors who are highly knowledgeable about the local market, preferably those who have lived in the area and also invest themselves. Any suggestions would be greatly appreciated!


 Hi Pooja, Hudson is a great part of town ofcourse! I would recommend avoid any areas that require a POS. That is a serious headache. Anything other "Cleveland, OH" will have a POS with a list of violations that will need to be worked on. 

The places I really like for investment properties are going to be Old Brooklyn/Brooklyn next to the Cleveland Metroparks zoo, Tremont, and Cleveland Heights, and Hough. There are other ares as well, but this is a good start since you want to be in A/B neighborhoods.

Post: Columbus Ohio Short Term Rental Recs for Home Services: Handyman and Cleaners

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Jason Xenakis:

I am closing on my first short term rental property in Columbus Ohio. Does anyone have any good recommendations/referrals for some stellar handyman or cleaning companies? Thanks so much in advance. 


 Yes I can share an excel sheet of contractors and handymen.

Post: Rental properties in the Bay Area

Alfath Ahmed
Posted
  • Real Estate Agent
  • Columbus, OH
  • Posts 820
  • Votes 934
Quote from @Tamera McNeil:

Hello,

I am Tamera McNeil and looking into buying rental properties and investing. I would greatly appreciate feedback about buying real estate in the Bay Area. Thank you and excited to be on the BiggerPockets platform. 


 If you are buying in the bay area, you need to be comfortable with the property only appreciating unless you are open to putting down 50-70% down on the property. 

This is a major reasons bay area investors look in the midwest in faster growing cities.