All Forum Posts by: Jimmy Bostic
Jimmy Bostic has started 0 posts and replied 73 times.
Post: New Investor Willing to Put in the Work
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Jasmine Ortiz-Etienne you could start shopping around for off market deals (to get the biggest bang for your buck) via cold calling. I'd get in touch with a local brokerage to see how you can add value. Keep posting on BP and absorb as much as possible.
Post: My First Investment Property
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Davis Molnar Nice deal!
Post: Seeking advice to buy my first rental property OOS
- Investor
- Columbus, OH
- Posts 73
- Votes 82
The Ohio posts are popping off!
Post: Buying condemned property to Brrrr.
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Jason Watts I like where your heads at but this isn't something you should dive into as a newbie. If you're eager to find deals you should consider trying to find off market deals or constantly look at the MLS for new listings. I'd advise to start slower/safer. This game is a marathon, not a sprint.
Post: Newbie Advice: How best to leverage a HELOC?
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Fran Pratt If you want something turnkey oos, I'd suggest finding an oos realtor and scavenge the market. It could also be advantageous to pick up the phone and cold call homeowners/investors in your area to find off-market deals. It's a grind and a numbers game but that is a way to be proactive during this time
@Fareha Zeb I think it's because it's a low level entry point into real estate. It allows (usually new) homeowners to purchase real estate that, they were probably already going to invest in, and collect passive income to help pay off their mortgage. I've found that it works great for young adults utilizing their social networks to find friends to live with (particularly post college).
@Carrie Brauninger if you go the out of state route I would consider Columbus Oh--it has good cashflow and appreciation. I would probably try to invest in an area where you can be hands on for a first time investment property. If you do go the oos investing route you'll just need to ensure that you have a trusted team. I'd personally look into multi families..
Post: SEEKING ADVICE TO AQUIRE MY SECOND PROPERTY
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Jared Garay you could also consider investing out of state. I like your ideas, at the end of the day you're just gonna have to make a choice and roll with the punches. Good luck man
Post: Looking for cash flowing remote market recommendations to start researching
- Investor
- Columbus, OH
- Posts 73
- Votes 82
@Adam Gusky Cleveland is a good market to consider for cash flow
Post: Starting in Real estate, living outside of the US
- Investor
- Columbus, OH
- Posts 73
- Votes 82
Quote from @Chen Ron:
Quote from @Jimmy Bostic:
@Chen Ron I'd advice doing research on markets where 40k will work, the midwest could be a good fit. Then start building your team. Since you're out of the country it'll be quintessential that you have a trusted team with boots on the ground. I'd start with a SFH. Good luck!
appreciate the help!
Frankly crime is just going to be something that exists wherever, so it's important to review the grade of neighborhoods to see where you want to invest. I specifically work with Columbus, Oh. You can definitely find SFH for that 100k range. I've heard Dayton and Cleveland are also good at the moment. Although, I'd imagine Cleveland might have a bit higher crime stats.