All Forum Posts by: Harrison Chow

Quote from @Jaime Bott:

Hi all, I'm new to real estate investing and looking to buy small multi-family properties in Columbus, OH. I will be in Columbus May 15-19 and would love to network with realtors, lenders, contractors, and property managers. Please let me know if you are interested in connecting or know someone who would be. Thank you!

Warm regards,

Jaime Bott

 Hi Jaime! I just sent you a DM. 

Quote from @Jameson Waltz:

Hello,

I am a little lost. I need to know my next step. I Bought a Condo two years ago, but because of my DTI, I couldn't buy anything else because of the two mortgages I have. I spoke with my friend who is a realtor, and another person who is a mortgage lender that deals more in investments, and his other team members, and it was pretty much agreed across the board, I need to sell the condo, because I only profit 135$/mo. That Condo will be off my hands June 1st. I should be roughly profiting I believe 90 to 100k. I live in Colorado and I am completely priced out here. I need to do something where I can start making some actual profit, and also have a lower hit on my DTI. I don't know where I should go, but I was thinking Ohio because I have been going there my whole life and I know the people, and I have family out there currently. Can anyone offer some next steps. I want to make sure my next move is the right one.

-Jameson Waltz

Hi Jameson! When considering OOS investing, make sure you are investing with a reputable team and develop your Core 4 - realtor, property manager, contractor, and lender. BP is a great place to start! I highly recommend starting a conversation with a few and select who you are most comfortable with and whose goals and values align with yours the most.

As for markets, look for those with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a high demand for rental properties in the area. I'm glad to hear you're considering Ohio! I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. Additionally, Ohio has favorable landlord-tenant laws that provide landlords with more rights and protections.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!

Quote from @James Kiboi:

Hi all - I am looking to get started with my first investment property. I have consumed so much information in the last 1-2 years and I am ready to stop the information gathering and get my first property. Since I don't have an unlimited source of funds and therefore cant afford an expensive mistake, I am seeking one of the safest options in this space to get started with just to get my feet wet. I am okay with low cash flow and just go for the appreciation play. Any advise from this great group will be highly appreciated. 

Thanks!

Hi James! One state you might want to consider is Ohio, which boasts thriving cities like Columbus, Cincinnati, and Cleveland. I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. Additionally, Ohio has favorable landlord-tenant laws that provide landlords with more rights and protections.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!

Quote from @Adrian Tjakra:

Hi BiggerPockets Gang,

By way of introduction - my name is Adrian and a new BiggerPockets fans. Learning a lot from this community. I started out from a humble beginning as an Immigrant from Indonesia and currently living and working a W2 job based on the Southern California market. I consider myself as a beginner when it comes to real investing. Currently with 3 rental properties (2 in Houston and 1 in LA) and currently working on a flip that are going wrong in every direction. Good learning experience though! 

I am investing in real estate with a goal of financial freedom and ability to support my family. With my family getting older and the intent to have more flexibility my life today's life to spend time with them, the idea of investing in a more cashflow friendly market definitely is something I am considering (understanding that appreciation factor will be limited). I am looking for advice from this community as to potential market that I can tap to and recommendations on great agent on this market where cashflow can be realized. Looking to get in with 100k to this market and hopefully expand. 

Just here looking to network with agent in these markets, fellow investors, and if I am lucky finding mentor in those markets to grow together and be accountable in this journey together.

Thank you so much for reading this post y'all and looking forward to hearing from you all and networking.

Adrian

Hi Adrian! Cleveland is truly known for its lucrative cash flow prospects but if you're also considering property appreciation, Columbus is the way to go. Columbus is an expanding city that is attracting several major companies - like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center - leading to population and job growth. I personally concentrate my investment efforts in the Columbus area and my team and I have a network of property managers, general contractors, and lenders etc. that I strongly recommend. If you're keen on identifying a profitable neighborhood to invest in, let's connect and discuss how I can aid you!

Quote from @Charlotte Lee:

We just moved to the Cleveland area and are looking for rental investments. Interested in SFH and multi family on the east side. We have a few rentals in TN and like to scale in the local market.

Anyone has recommendations for real estate agents and PM?

 Hi Charlotte! I just sent you a DM. 

Quote from @Jennifer Stammberger:

Hi! I'm a new investor. I own 3 properties. One is a STR in Joshua Tree, second is a cabin near Sequoia, and the third is a vacant lot in JT that I have listed for sale. I am interested in out of state investing (long term leases) and want to learn about the best rental markets out there. Can someone give me tips on where I should start researching? Thanks :)

Hi Jennifer! When considering OOS investing, look for markets with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a high demand for rental properties in the area.

One state you might want to consider is Ohio, which boasts thriving cities like Columbus, Cincinnati, and Cleveland. I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. Additionally, Ohio has favorable landlord-tenant laws that provide landlords with more rights and protections.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!

Quote from @Samuel Owusu:

Looking to learn a lot about real estate , I’m new to the game and want to get my foot in the water and learn as much as possible . I’ve had many recommendations to start in multi family first as a new investor . As wanted to partner up with someone and we can both grow as real estate investors . Also advice ? 

 Hi Samuel! My first recommendation would be to educate yourself as much as possible on the real estate market, particularly the multi-family sector. There are many resources available to you, such as books, podcasts, and online courses, that can help you learn the ins and outs of the industry.

As for finding a partner, networking is key in the real estate industry. Attend local real estate meetups and events to connect with other investors and professionals who can help you grow your knowledge and portfolio. You can also consider reaching out to established investors and expressing your interest in partnering with them.

Investing in real estate is a long-term game, so be patient and don't rush into any deals without doing your due diligence. With the right education, mindset, and network, you can build a successful career in real estate investing. Hope this helps and let me know if you want to discuss this further!

Quote from @Neil Smith:

Hi BP friends,

I am looking to invest outside of Colorado, where I live. My wife and I have some properties in Colorado for the long-term equity play. And I'd like to invest outside of Colorado for cashflow. 

3 questions for you experienced investors:

1) Which markets are you investing in?

2) What metrics do you look at to inform market selection (job growth, tax rates, red VS blue states etc)?

3) Do you see any markets where cashflow is strong and the potential for appreciation is decent?

Thanks in advance for any insights. 

Neil

Hi Neil! Have you given the Midwest some thought? Ohio is worth considering, as it is home to vibrant cities such as Columbus, Cincinnati, and Cleveland. Among these cities, I prefer to focus my investments in Columbus, which has experienced a noteworthy surge in property values and is expected to maintain this trend in the foreseeable future. This is largely due to the substantial investments made by major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center in the area, generating a wealth of employment opportunities. Population is increasing by 0.75% annually and there is a 3.58% yearly increase in employment growth. Rent prices in Columbus have also increased by 6% each year. In addition, Ohio's laws governing landlord-tenant relationships are generally advantageous to landlords.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!

Quote from @Bethany Tran:

I live in Houston but I think it's not worth investing in Houston because property tax is so high and keep increasing every year. Additionally, renting market is very competitive. And, appreciation here is not so good. I am thinking about properties in another state to invest in. Can you guys with knowledge and experiences plz help me to suggest some good states for investment within my budget? I highly appreciate any comments. Thank you very much:)

Hi Bethany! When considering OOS investing, look for markets with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a high demand for rental properties in the area. 

One state you might want to consider is Ohio, which boasts thriving cities like Columbus, Cincinnati, and Cleveland. I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities. Additionally, Ohio has favorable landlord-tenant laws that provide landlords with more rights and protections.

If you're interested, please let me know how I can assist you further. My team and I also have a good infrastructure in place for out of state investors (i.e. connections to contractors, property management companies, lenders etc.) I would be delighted to discuss this topic with you in greater detail!

Quote from @Justin Kim:

I am located the Bay area, CA and interested in out of state rental properties as it seems very difficult to find rental properties with reasonable prices within CA. I would like to get some advice and mentorship on how to get started and how the experience is like. I am particularly interested in Columbus, OH. 

Hi Justin! When considering OOS investing, I suggest seeking markets that experience significant population growth and offer abundant job opportunities. I'm glad to hear you are considering Columbus Ohio! Columbus has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities.

Additionally, working with an experienced agent who knows the local market can make a big difference. They can provide you with detailed information on the local market trends, rental rates, and property types that may be suitable for your investment goals. Most of my investors also found it helpful to hire a property manager to help with the day-to-day management of the property.

If you're interested in learning more about the Columbus market and how I can assist you, please don't hesitate to let me know!