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All Forum Posts by: Anthony L Amos Jr

Anthony L Amos Jr has started 6 posts and replied 498 times.

Post: Columbus real estate

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Tamer Ibrahim:

Hello,

Newbie here!

I would like to start connecting with other real estate investors and syndicators in Ohio and get the ball rolling!

Thank you


 Welcome Tamer! 

What are your goals? 

Post: Invest in Cashflow or Appreciating property?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Suzanne Laird:

I've been debating this for so long and I just can't decide what's best. I live in Greater Vancouver, Canada.. Would it be best to invest in a non-appreciating duplex that cashflows well (in Saskatoon or Edmonton- compare to midwest for US folks) or a non-cashflowing detached home in the coastal region of Vancouver area (think Seattle!) where there is tons of appreciation but NO cashflow. We would have to supplement the rent for a few years, but these properties are million dollar homes with great value. I'm so torn. what would you do? We have a decent amount to put in for a down payment (200k) but would stay with the 20% downpayment if going with a cheaper property (400-600k). We want to maximize our money to go as far as possible. Help please!! thank you so much for any responses!!! 

How soon do you need the return? Are you able to wait it out 10-15 years for appreciation? If so what would be your goal then? Pull money out and buy more real estate? Retire? Invest in other business? 
Continue to spend time determining appropriate asset allocation by considering your investment time horizon, risk tolerance, objectives, and cash flow needs. 

Being able to answer some of the questions above will make things a lot more clear for you

Best of luck! 

Post: Contractor in Jail!

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Danny Sai:

Any recommendations of a solid contractor in Columbus for Rehabbing a single family. 


 I can share my referrals

Post: Contractor in Jail!

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Nathan Holt:

I hired a guy to do some drywall work, he did part of the job so I paid him 1/3 of the money (500$) then he disappeared. Just talked to his brother earlier this week, turns out he is in jail. Should I try and get my money back from him or wait till he is out of jail (no idea how long that will be). Has anyone had this happen? Any recommendations?

Thanks!


 Does his brother have any drywall skills? He should finish it lol. No but seriously just take the L and move on. Time is money so you do not want to wait for him to get out

Post: New Aspiring Real Estate Investor - Columbus, OH

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Jonathan Youse:

Hello BP Community,

My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverage our future differently. During the transition I found a lead on a sizable SFH opportunity that requires significant renovation but has a high potential return. I began researching and self educating on Real Estate Investment.

It has been 10 days since I joined BP Pro. In that time I have secured two realtors, pre-approval for an investment property, and most critically a successful and experienced mentor with access to additional private funding. This is my starting point. If successful, the capital earned from this first experience will roll into future projects. 

If you are local to the central Ohio area and would like to connect on potential partnerships, please reach out. 

Good luck everyone.


 Welcome back! I look forward to hearing more about your journey! 

Post: Financing deals in the 70-80k, range.

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Oscar Padilla:

Hello, I am an out of state investor from California looking at the Ohio Market, I was wondering what would be best practices to get financing for deals less than 70k, banks and lenders I have contacted have mentioned they dont finance deals that low. Also, if the ARV is near 100 would using hard/private money work and then refinancing? I am assuming it would be smart to have that discussion with a bank/lender if they were going to be able to refinance before doing so.


 I'd be happy to refer you to a few lenders who will carry loans in the 70-80k range. I can also introduce you to a group of private investors who will listen to your plan for any deals you come across. 

Post: Best market to house hack in?

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Yoffi Storch:

Hello everyone,

I've been spending a lot of time on Biggerpockets and listening to as many real estate podcasts as possible everyday. 

 I'm an 18-year-old aspiring real estate investor, I've been working for a little over a year now at a real estate office learning everything I can from the people around me.

 I'm currently looking for my first house hack, and because of my age, I am open to move to whichever state has the best landlord friendly laws and highest cash flow/appreciation.

My criteria is triplex/quadplex and up to $700k 

What markets can you guys recommend. Any feedback or advice is greatly appreciated.  

Thank you in advance for your help!


 Here in Ohio we have multiple markets that will help you achieve your goals. For instance, in Columbus you can find a Tri/Quad in nice areas that will (theoretically) experience appreciation due to all the investment dollars being poured into the region. You also have more affordable markets like Toledo, Cleveland, and Dayton where that price point will put you in A areas. This, along with Ohio being considered a landlord friendly state is a great place to househack!  

Post: Looking for an agent

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Jonathan Beaumont:

I have a duplex in Lancaster OH I am trying to sell.  Can anyone recommend an agent in that area? Also, does anyone know what the typical commission fee is for selling an investment property? One agent mentioned they charge 7%, which seems high. 


Commission is negotiable. Did the agent tell you why their services are worth 7%? Different agents can provide different tactics for selling your property therefore some maybe worth the commission they are asking for and some may not be. 

Post: Looking for property in New Albany, Gahanna, or east side of Westerville, OH <$230k

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Dave Barrett:

Looking to purchase property in NE part of Columbus suburbs (<$230k) to help out a family member.  Can purchase out right, rent-to-own, or other creative ideas.  Obviously not afraid of a project for that price.  I'm an end user looking for a solution...not an investor or agent.  Please let me know.

 Hello Dave! The NE part of Columbus is becoming ever more popular with all the new investments coming to town. With a budget of 230k it's possible there will be some work needed but it sounds like your good with that. I would love to help! 

Post: Financing Under $100K

Anthony L Amos JrPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 510
  • Votes 695
Quote from @Jermaine Walton:

Hi Everyone - Newbie here. How do you get financing on a home under 75K.

I have the 25% down, but talking to a lender that I have a pre-approval from; they don’t loan under $100K for a rental purchase. 

Looking to buy in Toledo, Columbus and Cleveland. 

Thanks 



In that price range your very likely to find properties that need some value added to them and therefore a lot of banks or credit unions may not finance them. That range is definetly not going to fetch much in Columbus unless it's a major rehab. If your looking for value add properties consider raising private money or using hard money. Make sure your numbers are good when using a short term loan like hard money especially.