All Forum Posts by: Harrison Chow

Where should I begin, I know everyone loves ohio but isn't it to late to get in? Where are you guys taking your money?

Hi. I live in New Jersey and looking to be an out of state investor looking for a good combination of cash flow and appreciation; I am considering either Cleveland or Columbus. Any feedback on either city is greatly appreciated!!!

Hello, I'm looking at purchasing a piece of property in the Columbus area this week.

I live in NJ so I wanted to get insight into the area and hear from local people on the market and see what you think of my deal. The property is in the Greater Hilltop community. If anyone would like to discuss and help out I'll share more information on a direct message.

Thanks in advance!

Chris

Good morning!

I am exploring both short and long term investment as an out of states investor and trying to understand between Cleveland and Columbus OH.

I have been learning these two markets are appreciating and have a good cashflow.


As I am new to these two markets, I would like to learn which markets are providing a reasonable cashflow while up potential of appreciation for next few years.

between these two markets, which ones are suggested?

also, I am exploring different funding options including HELOC, HEL, etc.

Given current rates are quite high and sticky, how do you recommend to utilize these funding options? Ideally, I would like to minimize the time window to pay off the loan which will be used in funding.

any kind of insights you could share will be greatly appreciated.

thank you!

Hi all,

I got married last year and moved to another state following my spouse's job. Before the marriage, I purchased a house where I lived. I still own that house and use it as a rental. I would like to buy a home where my wife and I can live in the state that we moved into. This is my wife's first job, so she won't get much of $$ on her mortgage alone, but I want her to eventually get a mortgage under her name once she establishes her income in the next couple of years. Meanwhile, I want to try and get a mortgage under my name to buy a house here. Let's assume my income is large enough for me to get a decent size mortgage (which I am not sure and have to find out haha). My question is, in this circumstance, would I qualify for, one, FHA loan (the first mortgage is conventional); two, when I apply for pre-approval, can I not say it's my first home even if I qualify for an FHA (assuming I do). Generally, what would be the best option for me as far as looking to get another mortgage? I am planning on living in the house that I purchase.

Thanks in advance

My husband and I are moving to Ohio later this year for a masters degree. The house we live in has a 15 yr fixed mortgage of $1,600 at 4.1 interest but it is only 2 bed 1 bath just under 1,000 sq ft. I truly do not know if we could rent the house for more that $1,600/month in Winnemucca NV, so we would either just cut even or maybe even have to pay a couple hundred to the mortgage to keep this house and have renters move in paying most of the mortgage. Ohio homes are cheaper so we could find a house that has a lower monthly mortgage and pay the difference to keep this house still. We would love to keep it as a long term investment as the value will increase over time. We only bought 2 years ago and one of our realtor friends said it is not a good sellers market right now and if we are able to hold onto it, then he'd do that. We might break even with selling the house even though we have also made some good updates to it. Please let me know what you'd do/any thoughts you have. 

I just need to know if it's a bad idea to hold onto your house if the rent will only cover mortgage or possibly be lower than your mortgage cost. 

Thank you. 

Hello. I currently own an investment property in my home state/city (Los Angeles, CA), and was considering buying a rental property in another state. One main reason is because the cost of properties outside of California and much more affordable. What are some pros and cons for investing in a property hundreds, if not thousands of miles away? What should I look for? Is this a bad idea? Do I partner with someone to make it easier?

I am very disappointed in my current property management Evernest (which I understand from BP forums is unfortunately common and frequent company mentioned) and am looking for new property management in Columbus OH market. I will appreciate any recommendations for PM companies. I am an out of state investor and have 5 doors in Columbus OH.

Thank you so much.

As a new real estate investor living in the crazy expensive Bay Area rental market, I'm exploring clever ways to get into investing. My husband's job requires us to stay near San Francisco, so we rented a place way above our means last year at $5k per month and looking to move out asap.

I'm now looking at house hacking in Oakland where prices start around $550k. Not ideal, but it beats pouring money down the rental drain when we could build equity instead.

Is Oakland a good market for house hacking? Should we keep renting and invest out of state instead? As a total newbie, I'm torn between the options.

Any advice would be hugely appreciated! Thanks in advance! 

OLi