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All Forum Posts by: Andy Pham

Andy Pham has started 7 posts and replied 66 times.

Post: There hasn't been a new post in a while... what's everyone up to?

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Zoie Holley:

@Andy Pham

Are there currently any meetups in town?

Hi Zoie, I'm not sure since I'm long distance investing from out of state. Though I'm sure there are many FB groups you can join as they usually have scheduled meetups, whether virtually or in person.

Post: There hasn't been a new post in a while... what's everyone up to?

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

I'm trying to learn more about what's going on in Columbus and it's been quiet for a while.

Currently working with my property manager on managing my duplex in Linden and still looking for deals each day.

What's everyone up to in terms of investing in Columbus? What's your current project? How's the market? Any big things happening in your neighborhood?

Post: WARNING: Matt Motil of Cleveland, OH

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

@Robin Hines

Seems like you’ve done at least a little bit of research before choosing him but it wasn’t enough. In retrospect, what would you have done differently? I apologize if you’ve already answered this.

Post: Just getting started as an investor in Columbus!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Brandon Leffler:

@Andy Pham

What other cities and states did you research before deciding on Columbus?

I researched tons of cities but it all depends on your goals. I'm sure there are many people who would never invest in Columbus for various reasons. For me, my reasons included population, jobs, affordability, familiarity, and having a team in place. I recommend that if you already know someone with boots on the ground that's willing to help you, that should be a place you should consider. There are a myriad of locations to choose from. Pick wherever works for you, not for others.

Post: Just getting started as an investor in Columbus!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

Hi @Sean McCarty, I purchased my first property in Columbus a couple of months ago. I live in California so I know what you mean when you say you can't find cashflow. Feel free to connect. I'm always happy to connect with new and experienced investors.

Post: First Long Distance Out of State Rental Property!

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Jamie Nason:

@Andy Pham did you hire a property manager and contractors through your realtor? What’s the PM’s % and what are you cash flowing if you don’t mind me asking? I am a numbers guy.

 Hi Jamie. Yes I did hire a property manager. Feel free to connect with me and I'll give you the details. I'm a numbers guy as well.

Post: New Realtor and Investor in Columbus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

Hi Bobby. It's great that you want to get started in real estate. I don't live in Columbus, but bought my first investment property there recently. Feel free to connect with me and I can answer any questions you may have.

Post: Converting a 3-unit building to a quad near OSU campus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

@Remington Lyman That's interesting, thanks for sharing. I looked it up and found this article explaining the different commercial zoning types if anyone's curious. 

https://www.reonomy.com/blog/p...

Post: House Hacking in CA??

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82

I'm from California too and I agree with you. It's very difficult to get any cashflow from house hacking here so I decided to invest out of state. I'm investing in Columbus, but that doesn't mean you should. It takes a lot of research and the market you choose depends on your goals... and not everyone has the same goals. 

If a someone tells you to invest in a certain stock, for example, you shouldn't invest in it because you shouldn't invest in something you don't know. The same goes for real estate. If someone says that you should invest in a certain area, don't blindly invest there. Do your research and due diligence. I've been recommended many different areas to invest in when I first started and after researching most of them, they did not align with my goals.

If anyone here needs suggestions on the things to look for when deciding on what market to invest in, feel free to connect with me and I'll give my two cents. Remember to trust, but verify.

Post: Converting a 3-unit building to a quad near OSU campus

Andy PhamPosted
  • Rental Property Investor
  • California, US
  • Posts 67
  • Votes 82
Originally posted by @Justin Garland:

@Sonam Gill

Sonam,

Your conversion from a 3 family to 4 will require a change of use and more importantly move your unit from residential to commercial which triggers a litany of zoning requirements to conform (parking, FAR, refuse, etc.). I work almost exclusively in the University District. Feel free to reach out if you have more questions.

 Wait, 4 units is commercial? I thought 1-4 units was residential and 5+ units were considered commercial. Is it different in Columbus?

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