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All Forum Posts by: Amby Bhagtani

Amby Bhagtani has started 37 posts and replied 116 times.

What bank is this? Great success story congrats to you and your client ! 

Post: Ohio - Insurance

Amby BhagtaniPosted
  • Posts 119
  • Votes 52

Hello - Has anyone had good experiences with certain insurance providers in Marion, dayton or Fairborn? My current insurance company jacked up its prices significantly ! 

A few of the properties I am looking at are 1940 or earlier built. They are 15 plus units, the location of these properties are in  good areas and that's whats drawing me to them, however I could use some advice on what kind of challenges people have encountered with older properties and how old is old? Appreciate any thoughts. Thank you ! 

I stopped investing in California, NY etc. It takes me 1.5 months at max to evict in other states (and I try to work with my tenants), unless I have the right landlord laws to support I wont invest in that state. 

Post: Fire in the building

Amby BhagtaniPosted
  • Posts 119
  • Votes 52

I have a tenant who is already late on his payments but he was smoking in the property and caused a fire. The total damage is close to 5k. The property manager informed me 3 days late and said that he doesn't have renters insurance and we will ask him to pay extra per month. This doesn't make a lot of sense to me since the tenant is already behind on his payments. What options do I have to recoup this money? 

Hello Friends, 

What websites and criteria do you'll use to find new markets? I have heard population growth, combined with income to rent ratio  & crime rate is a good start. I am trying to establish a framework here to help me scale. Any thoughts would be appreciated ! 

Quote from @Remington Lyman:
Quote from @Muhammad Rehan:

Experts, I am looking for some pointers which areas to target for my 2nd rental property. I am based out of California.

$$ Range = max 250k

Down payment = max 25%

Goal = Positive cash flow

Below are the areas i have done some research on so far.

Fayetteville, NC 

Like the fact that there property taxes are low, hence the rental comps vs expenses (mortgage + property taxes + hoa + insurance etc) are kind of breakeven or slight positive cash flow is possible. Assuming 7.5% mortgage rate.

Pflugerville, TX

Property tax is high but austin suburbs seems to have potential of growth due to major techs moving in the area. Rental comps vs mortgage not quite giving positive cash flow with high rates.

I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.

Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.

Appreciate any pointers and happy to connect with local agents/investors.


I am interested in investing in Columbus. I currently own approximately 100 residential properties and a few commercial properties here.


 wow congrats Remington !! :) 

Is Bay area still appreciating in MF? I know SF is because my family owns a lot of homes there, but I wasn't aware of MF appreciation 

if the PM can't handle this change your PM, they need to be able to have this discussion with the tenants directly. 

Quote from @Jimmy Lieu:
Quote from @John Kirby:

Hello BiggerPockets community,

First-time poster here!

My wife and I are amateur property investors, and over the next year, we're aiming to get more serious by purchasing several small multi-family properties. Here's a rundown of our current financial situation and REI experience:

Current Properties:

  1. Short-term rental in the mountains of NC:
  2. - Owned outright
  3. - Grosses $2-4k per month
  4. - Valued at $400k
  5. Condo in Charlotte, NC (long-term rental):
  6. - Owned outright
  7. - Rents for $2.9k per month, cash-flowing $2k per month
  8. - Valued at $350k
  9. Primary residence:
  10. - Located in NC
  11. - worth $800k, owe $200k

My wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties. She handles acquisitions, renovations, and rentals for the company and has flipped around 15 properties to date.

Financial Situation:

  • Cash Available for Investment: $200k
  • Equity: Willing to tap into the equity in our two rental properties for additional purchases.
  • Income: ~$250k

Our Plan and Questions:

We're based in NC but are considering purchasing multi-family homes in the Midwest due to significantly lower property prices and perceived better cash flow opportunities. However, we have several questions and would appreciate the community's advice:

  1. Midwest Markets - Which Midwest markets offer the best value for investors and present good growth opportunities?
  2. Agent Search - Should we find an agent in each city/market we are interested in working with?
  3. Financing - Should we secure financing before identifying a property or vice-versa?
  4. Lenders - Is there a preferred lender for multi-family housing that's owned by out-of-state investors?
  5. Scaling Ownership - Given our available cash and equity, what strategies would you recommend for scaling our property ownership efficiently?

We'd love to hear your thoughts and experiences! Any insights or recommendations would be greatly appreciated.

Thank you!


Hi John, I personally recommend looking into the Columbus OH market. I'm an investor here myself and moved from Portland OR to Columbus OH to start real estate investing here. So many companies are moving and building out here like Intel, Google, Meta, Amazon, Honda, etc. and the population and job market have been growing! Great macroeconomics overall. Anything you buy here will appreciate like crazy within the next few years. My OOS clients absolutely love it here because they can still find 1% rule and cash flowing deals at a cheap price - $120k-$180k. My best advice is to work with a realtor who also invests, can give it straight which one is a bad deal/good deal, and can plug you in with their systems and network of lenders, GCs, and PMs. Happy to connect and answer any questions you may have.


 Thanks - let's connect.