All Forum Posts by: Jonathan Styer

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What are you investing in? If you're starting out in 1-4 unit properties I would invest in your own name and get an umbrella policy. Once you get over 10 units then it's time to start looking at an LLC. If you're going 5 or over in one property, you'll need to use an LLC as that is commercial anyways.

Hello @Theresa Amouzou, congrats and good luck on your new adventure. I would start by building your team, are you going to be investing locally? If so, I would suggest you start interviewing an agent and finding management if you're not going to be managing the property yourself. 

I know here in Columbus, the market is extremely competitive and having and agent and management in place at the beginning of your search can be paramount. If you're looking at properties that need work, those two should be able to recommend you to a good contractor as well. 

Also, I would check out some podcasts to get ideas and learn the lingo etc. All the best!

@Peter Eberhardt DM me 

Give us something here. What thoughts or questions do you have?

Pros: Direct access to the MLS, save on commission costs.

Cons: Cost in time and money to hold your license. 

My opinion is that unless you're doing many deals or are going to be actively working as an agent it is not worth it. 

You are going to want state specific advise which I cannot give. Are they currently month to month? If that was the case, I know in my state of Ohio I would give them a 30 day notice to vacate the property. If and when they do not vacate then you can filed eviction for the holdover tenant (which has nothing to do with non payment of rent) and it's a pretty open and shut case. 

Once again states vary so I would reach out to a local eviction attorney ASAP. 

Hi @Nicholas Papineau, what you're describing is called House Hacking and is a great way to start investing. You just need to be able make the be best business decisions for your investment. Some owners like to hire property managers to take care of the tenants next door and the tenants do not even need to know you own it. 

Hi @Joel Lohoua, check out COIN - Central Ohio Investor Network as well. PM Me if you're interested, there is an Zoom Meeting tonight.

Looks like a great deal. Great job @Joe Forte!